Modify This Hedging Expert advisor

Tarea técnica

This is how EA is supposed to work:

HEDGING STRETEGY OVERVIEW/CONCEPT

Randomly enter a BUY trade with a Lot size of 0.01 when there is no open trade in the market and a SELL pending order with TRIPLE the Lot size, 30 pips below the BUY trade.

Both trades should have a stoploss of 60 pips and a Take Profit of 30 pips.

For all pending orders triggered, an opposite pending order should be entered 30 pips away from the last position, with DOUBLE the lot size of the recent opened trade.


THE ISSUES TO FIX:

  • Correct EA to Close all open and pending orders when TP or SL triggered.
  • Ea sometimes fail to open new pending order.
  • Check the logic

SETTINGS (NOTE: ALL PARAMETERS SHOULD BE ADJUSTABLE)

Parameter

Options

Description

First trade direction

BUY/SELL

Add option to choose the first trade direction

Initial Lot size

Number

Lot size for first trade

Lot multiplier (1)

Number

Multiplier for the first pending order

Lot multiplier (2)

Number

Multiplier for other pending orders

Hedge Range/Distance

Points

The distance between the last trade and the opposite pending order

Stop loss

Points

Stop loss in points

Take profit

Points

Take profit in points

Magic TP/SL

YES (Automatic default)

EA to close all open trades including pending orders when a SL or TP is  triggered.

Repeat first trade

ON/OFF

If ON, EA will pause trading after SL or TP is triggered and all orders are closed.

 

If OFF, EA will open new market order with initial lot size and repeat the hedging circle again.

Pause Trading

ON/OFF

EA opens trades only when this is OFF.


VIDEO EXPLANATION:
https://drive.google.com/file/d/1hjufvXYk4ZwIwRBBkiWry_BiyBx-XZKj/view?usp=drive_link


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