Need a simple scalper EA with a set strategy

Expert Advisor (EA) Overview

The EA operates by initiating a buy trade for XAUUSD with a volume of 0.01 at a price of 2650 (for example). This trade is treated as an independent position.

Trade Management

• Virtual Take Profit (TP) and Stop Loss (SL):

  • Set at a 100-pip change from the current price.
  • The EA will either close the trade with a profit at 2651 or open a hedging sell trade at 2649—whichever occurs first.

• Hedged Pair Management:

  • Once the hedging sell trade is established, both the buy and sell trades are considered a "hedged pair."
  • The EA will disregard the original TP and SL for this hedged pair and maintain it for a user-defined duration (set in the EA’s input settings) of 5 nights.
  • No other actions will be taken on this pair during this period.

Scalping Strategy

• After creating the hedge trade, the EA will continue its scalping strategy:
  • A new sell trade of 0.01 lots will be initiated at 2649.
  • The EA will monitor the price movement:
    • If the price reaches 2648 first, the sell trade will be closed, and a new sell trade will be placed at that price.
    • If the price reverses and hits 2649 first, the EA will open a 0.01 buy trade to hedge the existing sell and will place an additional buy of 0.01 to counter the loss from the previous sell trade.

Closing Trades

• The EA will only close trades if the independent buy trade reaches the profit target first.
• If this does not occur, the trades will remain open, relying on the hedging strategy.

Hedged Trade Closure

• Accumulated hedged trades will only close after a specified number of nights have elapsed.

Key Characteristics

• The EA’s primary feature is to avoid closing trades at a loss. Instead, it will hedge by taking a reverse position after a specified distance.
• If the independent trade reaches its TP before hitting the loss threshold, it will be closed in profit.
• The direction of subsequent trades will change if a previous trade has incurred a loss and a hedge has been executed. Conversely, if a trade closes profitably, the direction of the next trade will remain the same.