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Hi,
I have a template with an hedging concept which I want to get coded to an EA. The concept of the template is to identify 2 market positions at the beginning of the period. This will be inputed manually.
Afterwards, it considers BUYING if market goes above/ upwards or SELLING if market goes below/ downwards. The EA will consider taking multiple trades towards a direction and closing bids when market reverts backwards, while re entering the bids again if market goes towards the direction.
The prices will be such that if the EA starts with a first side position, it then tries to lock up the other side should the market revert back towards the other direction and changes from the first direction it started with. So once the first bid is activated, and market reverts inwards, the EA will change its direction from current direction once it achieves a distance between the current direction extreme and the opposite direction.
So if the distance for reversal is say 2, and start position is 90- HIGH and 85- LOW, if current price goes above 90 to 92, then if it reverts backwards to 92-2)reversal distance), then it starts to SELL from the point downwards.
If reversal distance is 3, then it starts to SELL from 92-3=89 downwards.
Same also applies for opposite direction.
I want the concept to work on the lowest risk basis.
Only immediately available and professional programmers should bid for this project.
Also note that i will need to test the expert for a minimum of 2 weeks initially before closing of trade and 6 weeks afterwards before i can give review on the project after everything has been confirmed to work according to requirements
Thanks
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