Update to current expert advisor

MQL4 Indicators Experts

Specification

Hi all,

 

I would like to utilise a algorithm I already have that I had previously coded, what it is currently doing is adding to a position when price has moved against the current position in order to average down the entry so it comes back to profitability easier.

What I would like changed is instead of adding it reverses the position like so:

 

  • Buy entered at 0.1
  • Pending sell 0.1 ( 30 pips away use GridSize Input to get the X pips ) 
  • If the buy trade moves up it trails stop using the trail stop feature it currently has
  • If it moves down it will enter the sell trade forming a hedge 
  • Now the EA will add a pending sell order 10 pips lower then current order if market keeps falling
  • It will also add a pending buy order at 0.1 10 pips above the initial buy
  • Now if the market goes down and trips in the second sell it will add another pending sell 10 pips away now at 0.2
  • and will continue to add an order every ten pips down increasing the increments by set lotsize (0.1) every two orders ( see below for breakdown )
  • However if market goes up it will then trip the second buy in and then third pending by order will be added at 0.2, fourth at 0.2, fifth at 0.3 and sixth 0.3 
  • until it can close total of +60pips with initial lotsize

The hedging after initial positions set at 30 pips away have been entered it will increase the lotsizes as follows every ten pips:

  • 0.2
  • 0.2
  • 0.3
  • 0.3
  • 0.4
  • 0.4
  • 0.5
  • 0.5 

 Always increasing every two orders, all of these have to be pending orders

 New inputs needed: 

  • HedgeLevel: 10 ( the distance between the orders after the initial hedge )
  • IncreaseHedgeLotsize:True or False ( will the hedges increase in lotsize )
  • IncreaseOnOrder:3 ( the distance where the increase in lotsize starts)
  • IncreaseEvery:2 ( increases every two orders as show above )
  •  CloseAllTrades:60 ( this feature is already built in so may not need changing )

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Project information

Budget
10 - 80 USD
For the developer
9 - 72 USD
Deadline
from 1 to 5 day(s)