PSAR-Trend-Range-Hedge EA

MQL4 Experts

Job finished

Execution time 48 days

Specification

PSAR-Trend-Range-Hedge EA

This EA will employ a basic PSAR strategy (buy or sell when the dot moves above or below the price) with a choice of three close options, a pending hedge order where a Stoploss would be, and the ability to reverse the entry conditions.

BUY condition - PSAR dot moves below price.

Close BUY - PSAR dot moves above but with three options to be coded:
1. Close all BUY whether in profit or loss.
2. Close all BUY only if all open BUY show combined profit or breakeven.
3. Close only BUY positions that show profit and leave open those in loss.

Hedge - When a BUY is opened as above a corresponding pending hedge position is set x pips below (where a SL would usually be). 

If the original BUY is closed at profit then the pending hedge order will be cancelled.

If the original BUY does not reach TP, the price reverses and the pending SELL is opened, then the SELL is subject to the same Close conditions:
1. Close all SELL whether in profit or loss.
2. Close all SELL only if all open BUY show combined profit or breakeven.
3. Close only SELL positions tat show profit and leave open thos in loss.

SELL condition - as above BUY condition but reversed.

Reversal option - the EA should allow the above entry conditions to be reversed. For example, a BUY position would be opened when the dot moves ABOVE price rather than below as explained in the above scenario. There would be a pending SELL hedge order as before.

Magic number
Completed bars or ticks
Lot size
Max number of positions
TP, SL, TS
Shift
Hedge pips (x)
Close options (1 - All, 2 - Combined Profit, 3 - Only Those In Profit)
PSAR inputs
Trading days
Trading times

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Project information

Budget
10 - 40 USD
Deadline
from 1 to 7 day(s)