Hedge Grid EA

Hedge Grid EA

The system will start with a buy and sell on any particular pair at the same time. In this example I will be assuming the currency pair will be going up. We will also assume the take profit is 50 pips and the grid places another buy at that same price it close out the previous buy.

Let’s assume the grid will put in a trade every 50 pips of both sides as it goes up. One on the sell side and another on the buy side. The sell side lot size will be the same as it goes up the buys side will increase by 1 lot each time it take profit on the previous order. Ex:

In the example above this particulate pair has gone up 250 pips. We have one $5 buy and five $1 buys put in at 50 pips away from each other. Now let’s say the currency pair retraces 50 pips. The top sell would not take profit. At the same time a sell for 2 lots will enter as well as a buy for 1 lot.  Is if hoes down another 50 pips, the 2 sell orders would Take profit( the original 1 lot when it was going p and the 2 lots as it was going down for a total of 3 lots closing. It will now put in a 3 lot sell and an 1 lot buy at that new level. Now if it goes down 50 more pips it will take profit on the 3 lot sell and the 1 lot sell for a total of 4 lots. It will simultaneously place a new sell order for 3 lots and a buy for 1 lot.  And so on…..

If pair goes up again it will continue step 1 above. This will do the same this in reverse on the sell side.

I need someone who understands this idea very well. The inputs will be as follow:

Start lot size $

Lot size increase value $

Take profit / new order distance in pips

This is what I can think of for now; please advise if you see any missing or unclear details.

Developer must have Skype so we can chat if needed.

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