Easy Hedge system modification in existing exponential ea

MQL4 Experts Integration

Specification

Hello,

 

I am looking for somebody who could Program a easy hedge system in an existing code that I have. This ea buys/sells multiple orders in an exponential growth.

If the market keeps moving against the orders it will open few more trades and it will be multiplied by 2 and TP will be adjusted. This ea works well in a ranging market, a major problem is that if the market is strongly trending then it will keep opening trades in the losing direction, this can drive to a large drawdown.

Example orders: 

Lot exponential: 2.0

Lots: 0.01

1# 0.01 lot Sell

2# (0.01*2.0) =   0.02 lot Sell 

3# (0.02*2.0) =   0.04 lot Sell

4#(0.4*2.0) =     0.08 lot Sell

5# (0.08*2.0) =  0.16 lot Sell

 

etc.

 

This exponential growth can be setup as a maximum, by the external parameter MaxTrades.

 

The add-on

If the Maxtrade has a maximum of 5 trades, than the hedge system has to reverse one trade (with a changeable parameter in lots) so the 6th trade has to be the opposite trade.  This reversal trade has to have a higher lot  then the previous trades, this could be setup in the external parameter.

 The reversal trade parameters (Example):

 

Extern bool RecoveryTrade = TRUE/FALSE

Extern RecoveryLots = ( 0.6 )

Extern RecTrailingstop = 30       //only in profit (not with stoploss)

Extern TrailingStart  = 20           //after profit reached, start after break even

Extern Stoploss = 40

 

Example order

 

1# 0.01 lot Sell

2# (0.01*2.0) =         0.02 lot Sell

3# (0.02*2.0) = 0.04 lot Sell

4#(0.4*2.0) = 0.08 lot Sell

5# (0.08*2.0) = 0.16 lot Sell

6# (extern para.) = 0.3 lots Buy

 

If you are interested, or you have a question, please send me a message. I will send you the mq4 file with the additional information.

 

Thank you 

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Project information

Budget
10 - 50 USD
VAT (21%): 2.1 - 10.5 USD
Total: 12.1 - 60.5 USD
For the developer
9 - 45 USD
Deadline
from 1 to 5 day(s)