Automated EA Hedging type Strategy

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Automated EA Hedging type Strategy

Postby Ranger5542 » Sat Mar 02, 2019 7:51 am

Hello and thank you for reading this

I would like to know if it would be possible to develop the following trading strategy Automated EA.
It is a hedging type strategy that is designed in the following manner

1. an initial OP_BUY order is placed either auto or manually

2. a OP_SELLSTOP order is placed at the same time at a user defined distance in PIPS below the Buy order


3. During market conditions if the market trends short from the original entry and passes through and triggers the SELLSTOP level, a OP_BUYSTOP order is placed at the same price level as the original BUY order
and this continues for every OP_BUYSTOP order during the combined trade

This same condition occurs when the market may head in the long direction after triggering a SELLSTOP order when the market passes through the OP_BUYSTOP level, a OP_SELLSTOP order is placed along the same price as the original OP_SELLSTOP price

4. Take Profit is user defined for both types of trades so two seperate TP inputs


5. all OP_BUYSTOP and OP_SELLSTOP orders have their own unique lots size so there would be 6 lots sizes for all buy orders and 6 lots sizes for all sell orders so total of 12 lots size therefore 12 inputs for each lot size
that are defined by the user in the EA Box of inputs


6. When a take profit level is passed all orders close both open and any that may not be opened the trade is completely closed, and the EA cycle begins again after the close of next candle following the closed trade

7. No Stop loss is required for this strategy as all orders close when a Take profit level is triggered

I hope this is clear in what I am asking and not to difficult to code


Thank you for your time.
Ranger5542
 
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Re: Automated EA Hedging type Strategy

Postby Apprentice » Mon Mar 04, 2019 5:55 am

Your request is added to the development list under Id Number 4506
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Apprentice
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