Don

Hedging EA- Numerous buy and sell trades can be open on the same currency pair

Step 1:places buy and sell trades on a single currency pair, but can be used on numerous currency pairs.

Step 2: if OrdersTotal<=0

if price moves by 3 pips (adjustable variable) from EA activation level= buy trade

if price moves down by 3 pips (adjustable variable)  from EA activation level= sell trade

Step 3: if OrdersTotal > 0

if the last trade was = sell trade, and price moves up by 6 pips (adjustable variable)= buy trade

if the last trade was = buy trade, and price moves down by 6 pips (adjustable variable)= sell tade

*NOTE: following buy trades can only be placed at the exact price point of previous buy trades, following sell trades can only be placed at the exact price point of previous sell trades.

*NOTE: the difference between the buy and sell trades are 6 pips (adjustable variable)

*NOTE: Lot sizes increase with the number of Orders opened

Lot size needs to be double the previous lot size. Eg) 1,2,4,8,16,32,74, etc (Initial LotSize= adjustable variable)

Step 4: all orders need to be closed automatically once a certain profit margin 'ProfitAll" (adjustable variable) has been hit 

Eg)ProfitAll = $100 (adjustable variable)

Eg) ProfitsAll>= ProfitBuy + ProfitSell

Eg) $100= ($300) + (-$200) = Close all trades

*NOTE: On Screen Display - AccountBalance, AccountEquity, FreeMargin, ProfitBuy, ProfitSell, ProfitAll, Initial LotSize, Pips difference between Buy & sell orders.

*NOTE: On Screen Buttons- Functions- Close ProfitBuy, Close ProfitSell, Close ProfitAll 

PLEASE SEE ATTACHED DIAGRAM