McGinley Trading EA with Option for Hedging for Breakeven

McGinley Trading EA

• ·         Strategy Rule 1: TimeFrame #1 is always ON. When at the close, open or during the candle of TimeFrame #1 the direction changes and signal to open a trade occurs in the matching direction but only if TimeFrame #2 and or TimeFrame #2 and #3 are already in the matching direction.
• ·         Strategy Rule #2: When a new signal is provided in the opposite direction of any currently open signals then close all currently open trades and open a new trade in the opposite direction.
• ·         Strategy Rule #3: Hedge losing trades when stop loss is reached long enough until the hedge breaks even.
• ·         A pip is as seen in MT5, so XAUUSD 2000.00 to 2000.01 is 1 pip

·         Time frames to Match.

o   TimeFrame 1: (Monthly, Weekly, Daily, H4, H1, M30, M15, M5, M1.. etc..)

§  Period:

§  Price:

§  Calculation Type

§  Open Trade: During Candle / Open of Candle / Close of Candle

o   TimeFrame 2: On / Off

§  Time 2: (Monthly, Weekly, Daily, H4, H1, M30, M15, M5, M1.. etc..)

·         Period:

·         Price:

·         Calculation Type

o   TimeFrame 2: On / Off

§  Time 3: (Monthly, Weekly, Daily, H4, H1, M30, M15, M5, M1.. etc..)

·         Period:

·         Price:

·         Calculation Type

·         Money Management

o   AutoLotSize: True/False

o   RickFactor: # (% of Balance) 0.01 (Balance is $100 USD and I enter 0.01 then the traded about will be $1)

o   ManualLotSize: #

o   DailyTarget Pips: # (0 = Not using)

o   DailyLoss Pips: # (0 = Not using)

·         Set Order Parameters

o   UseTakeProfit: True/False

o   Lot Percentage 1: True/False

o   Lot 1 TakeProfit Pips: # (0 = Close on reversal signal)

o   Lot Percentage 2: True/False

o   Lot 2 TakeProfit Pips: # (0 = Close on reversal signal)

o   Lot Percentage 3: True/False

o   Lot 3 TakeProfit Pips: # (0 = Close on reversal signal)

o   UseStopLoss: True/False

o   StopLoss Pips: #

o   UseTrailing Stop: True/False

o   Trailing Stop Start: #

o   Trailing Steps: #

·         Time Filter

o   UseTimeFilter: True/False

o   TimeStartTrade: 00:00

o   TimeEndTrade: 11:59

§  Hedging:

§  Break Even: On / Off

§  Video explaining strategy: https://www.loom.com/share/65133f123d114ad39c5bccc1643a17a6

§  Will include Neural Network for EA: see this article for what to include.. https://www.mql5.com/en/articles/2279

§  How scaling out of trade will occur: https://surgetrader.com/how-to-scale-out-of-positions-with-an-example/

Indicator is attached