FreelanceSections

Hedging strategy to break even

MQL4 Experts Scripts

Job finished

Execution time 5 days
Feedback from customer
very quick and good communicator
Feedback from employee
Working with you was very exciting! Thank you.

Specification

I am looking for a EA that will hedge a losing trade and trade out at break even
I like to trade the GBP/YEN and have a strategy that makes on average 20 pips but 30 % of the time it reverses  and takes out my stop of 20 pips
An example of the Ea requirements  

The user will place a market buy or pending  buy trade of 0.1 lots and a take profit of 20 pips
Once the buy trade is taken the EA will enter a  a pending order of 0.2 lots will be placed 20 pips below  the buy trade
This will have a take profit of 23 pips  which will cover the losses on the buy trade if the sell trade completes
If this trade doesn't go through to profit  a buy trade is activated at 0.4 lots  and then a sell 0.8 lots and then a final trade of  buy of 1.6

Another requirement is that If the initial buy order goes into profit by 10 pips or a specified number of pips then the pending sell order would move

up by 10 pips and the following  pending sell trades would be placed at the new level if required

Finally all trades will be closed by the Ea if profit as been achieved or break even as taken placed

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Project information

Budget
10 - 50 USD
Deadline
from 2 to 7 day(s)