Hedging Robot needed.

Hi Developers, I would like to have a hedging EA that can cover up other EA’s opened positions.

Below are the expected EA to functions:

1.       User settings for user to input:

·       “Drawdown in $ to start”

·       “Hedging multiplier”

·       “Stop loss in pips” -> just for this EA alone, not for other existing trades

·       “$ profit to close all positions” -> to close all trades within the same chart/pair when the trades already reach $ profit as the input

2.       If the “Drawdown in $” for that pair are met:

then the EA can close other EA within the same chart only, while opening a hedging position with volume based on the “hedging multiplier” setting that filled by user. This drawdown only for the trades on the same chart and not the global drawdown.

3.       If user only input: 1 in the “Hedging multiplier” setting, the EA is able to:

·       Ignore the “$ profit to close all positions” value – as it is intended only to lock the positions within the same chart.

·       Able to monitor the stoploss of it’s own hedge position (not all trades)

·       When the stoploss happened and then the market go south again - “Drawdown in $” are met again , this EA can again open the hedge (lock) position and keep looping the cycle when market goes back and forth.

·       The idea of this point is just to lock the positions – locking the DD, and waiting the market to back to normal so that the original positions which earlier opened by other EA can be closed based on their take profit points.

4.       If user input > 1 in the “Hedging multiplier” setting, the EA required to:

·       Able to monitor the stoploss of it’s own hedge position (not all trades)

·       Able to close all trades when the total opened trades (other EA’s + this EA) already in profit in $ as filled on the input setting.

Summary

• This EA only manage the positions from itself and other EA’s within the same chart only, so if it is required to manage multiple pairs this EA need to be loaded on every chart of the pairs
• If the filled “Hedging multiplier” = 1, then: this EA only manage itself position and not other positions. Else: the EA can manage its own position and other positions on the same chart to take the profit.
• If the drawdown/profit calculation or closing the EA of the specific chart can be a challenged or reducing the precision of this EA, I am ok to just use 1 pair only on the account without mixing with any other pairs.
• I am open for additional feature/functions to strengthen the strategy to avoid deeper DD or possibility of Margin Call.