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Hello I require a very simple EA for a hedging strategy :
I will trade in 3 pairs - EurUSD , GBPUSD , USDJPY. Initial Lot size - 0.01 , only 1 trade at a time for each of these pairs, and the first trade will be taken manually by me. Now , once the Drawdown for any of these trades touches 6 USD , this EA needs to open a reverse order in 0.02 lot size , and if the profit touches 7 USD, it will close the order. If this EA opens the reverse order and just after that the original trade makes a profit of 7 USD , that order should be closed automatically.
Example :
If i trade manually eurusd ,0.01, buy order and it touches DD of 6 USD, then this EA will open a EURUSD Sell order in 0.02 lot size and if this order touches 7 USD Profit, then this EA will close this order. If the actual trade (EURUSD, Buy, 0.01) starts performing well and touches 7 USD in Profit, then this order will be closed. This EA shall not close any trade in loss, that I will do manually. It should work perfectly in a demo environment.
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30+ USD
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27
USD