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Simple MT4 Hedging EA

I've been testing a hedging strategy and the manual orders are getting a little dedious. This should be pretty simple EA for any experienced programmer.

I need an EA that simultaneouly opens a BUY and SELL order when started.

These orders need identical stops/take profits that are based off of a spread factor:

Spread factor is equal to 2 X the spread of the currency (spread factor is always calculated this way)

Example: EURUSD spread = 2 pips / Spread factor = 4 pips

GBPUSD spread = 3 pips / Spread factor = 6 pips

Okay, now the EA needs to calculate the stop-loss using an adjustable multiple of the spread factor. Both orders have the same value stop-loss.

Example: EURUSD spread factor = 4 pips

Stop-loss multiple = 2

Stop-loss = 4 pips X multiple of 2 = 8 pip stop-loss

The EA needs to calculate the take profits using an adjustable multiple of the spread spread and then add one additional pip to that number. Both orders have the same value take-profit.

Example: EURUSD spread factor = 4 pips

Take profit multiple = 2

Take profit = 4 pips X multiple of 2 + 1 pip = 9 pip take profit

Additional note, my broker is 5 digit broker, so when I say 1 pip, I'm actually referring to the fourth decimal (however that works for programing).

When both trades have closed, the EA reopens the hedged position just as described above.

Money management will be a fixed lot number.

Pretty simple...let me know if you have questions.

Taidot: projektinhallinta, Windows Desktop

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About the Employer:
( 29 reviews ) Federal Way, United States

Projektin tunnus: #476090

3 freelanceria on tarjonnut keskimäärin 67 $ tähän työhön

iadip

Kindly Check PMB. Thank you.

100 $ USD 0 päivässä
(4 arvostelua)
4.3
Rafaell

I can write this EA for you.

50 $ USD 1 päivässä
(16 arvostelua)
2.7
dinhero

Hi, MT4 is my speciality, you post all the detail needed for your strategy, which is good. So I already started working on this please, contact me so we can talk about other details in the code. Best Regards

50 $ USD 2 päivässä
(1 arvostelu)
0.0