Create simple EA HEDGE trading strategy

This is hedging trading strategy; EA will work based on buy sell arrow indicator (this indicator associates with Heiken Ashi and signal will be appeared after finish the first changed color of Heiken Ashi). If get loss, EA will trade opposite with double amount. Let’s say one signal will have 2 cases in detailed:

Case 1: if it go right direction, Ex: amount of trade is $50 = stop loss = risk amount. Amount to be booked TP1 (10%), amount to be booked TP2 (80%), amount to be book TP3 (10%). Once price hit TP1, set breakeven (BE) to entry, similar move BE to TP 2, TP 3. If price can hit at least TP1, we finish this round and EA wait the next signal

Case 2: if it go wrong direction, price hit stop loss with loss $50, we open opposite trade with double amount ($100), stop loss will be last swing high/low + (current spread *2). Amount to be booked TP 1 (50%), amount to be booked TP 2 (40%), amount to be booked TP 3 (10%). Similarly use move BE. If price hit at least TP1 in this case 2, we finish this round and EA wait the next signal.

Note:

-     -    Stop loss: Last swing high/low + (current spread *2)

-          TP1 = 1R, TP2 = 2R, TP3 = 3R

-          Can modify take profit, stop loss manually

-          If other signal appear while not yet finish last trade, still open trade with the same rule above

Input parameters:

-          Indicator name:--------

-          Buffer color call:-------

-          Buffer color put:--------

-          Type of enter: Intra bar, on new bar

-          Amount to trade: $----------