Position Locking EA Project

I would like to creat an EA based on trend diection and position loocking. We hope that a bar immediately goes in the right direction, hoever also expect to take a series of smaller losses that are tightly hedged and cleaned up by a, or several, wins.

After a position is opened on a valid signal, it may a) close in profit, b) remain open at a small loss or c) open a counter position if it has fallen too far. In the case of a) and c) if on the next bar the open signal is still valid, a new position will be opened and potentially hedged as well. The location of a hedge is calculated at the beginning of a bar, based on a distance we call the “barrier”.

For a BUY this is calculated using the average distance between the open and low values of (x) previous candles (default lookback period to 200). For a SELL, the distance between the open and high is used. There is a multiplier to this vaue, in order to modulate it during back testing.

When there is a realized profit, and there are hedge positions open, the profit buys down the previous hedge pairs as much as possible starting with the oldest remaining pairs. The purpose of this system is to freeze losses which can be unlocked with gains in either direction, depending on the validity of the open signals.

For losing trades this EA will not use martingale or averaging.

Please see the attached files for further details.

I am hoping to make a decision regarding a developer by Tuesday night CET, February 27th. Please consider I may not review your proposal before then!