Hedging Pyramid MT4
Using hedging and pyramid techniques combined with martingale and anti-martingale lot.
If it turns out that the market is in a sideways condition, and the expert has opened many positions, the expert will apply partial close. Traders only need to enter the number of open position in this feature: Number of orders to activate partial close.
+ Open Position Mode: Sell / Buy / Hilo / BuySell / Corr / Xbars / Xbars2: Select the open position method
+ Continue New Cycle: If false, then the expert will only manage open positions and will not open new positions when all positions have been closed.
+ True = Limit order, False = Stop order: Reverse the signal
+ Hilo timeframe: Select Hilo Timeframe
+ Minimum Range to Start Pending Orders: High and Low Range
+ Range size of pending orders (in pips): Distance of pending orders
+ Step size to move pending order (in pips): Trendline will move to the latest prices according to the number of sizes entered.
+ X Bars: Number of history bars to analyze to determine the range of highs and lows.
+ 2nd Symbol Correlation for start with correlation ex. EURUSD: fill in the name of the second pair that has a negative correlation to determine the range of highs and lows. If left blank, the expert will use the default settings.
+ Lot Type: Select lot type
+ AutoLot (1000 $ = 0.01): use automatic lot calculation
+ if Autolot = false, fill in Start Lot: fill in the initial lot
+ Multiplier for Martingale 3 / Anti Martingale 2 / Mix 3 / Single Shoot: Multiplier lot
+ Maximal Lots: max lot per trade
+ Maxtrade: Max trade allowed
+ Recovery Mode: Select recovey method
+ Step (in pips): Distance to open the next position+ Expanding Step Coefficient: The coefficient multiplier for the distance addition of the next open position
+ Minimum profit for close all $: Minimum profit to close all positions, in money.
+ Cut loss if loss $: close all positions when the cutloss target is reached, in money.
+ Trailling (in money): Trail profit in money.
+ Use Auto Close Partial, in money: drawdown reduction algorithm, in money
+ Number of trade to activate partial close: Number of open positions to start applying partial close.
+ Minimum profit to close partial $: Minimum profit amount to do partial close, in money.
+ Trade Start Time: Time to start placing orders
+ Trade End Time: The time the trading session ends
+ Close all positions at the End of Session: Close all positions at the end of the session.
+ Max Spread (in Pips): allowed spreads.
+ Slippage (in pips): Deviation from the asking price
+ Magic Number: fill in different numbers if you are going to trade the same pairs in 1 MT4 terminal.