Сommunication anyone interrested turning this into a Semi-Ea

hi, all

who is interrested to make this hedge strategy into a semi EA. and brainstorm the right strategy or add certain parameters

How to Hedge trading Forex | Forex Hedging Strategy - YouTube

 

cost for the bases of the EA is $200 . if a couple of people are interrested to develop it further. let me know

 

yes, source code included but i will ask to make sure.

first we need to put something on paper what you want to see included. for final quote and to make sure its done ,right

first trade manual entry with market order or stop/limit order. input parameters: hedge distance in pips, first take profit in pips. after that cycle will paly out. bu for me any extra trades taken the EA will take that into account as well is my thought.

 

as i said above we need to put things on paper . and find out if it is a big problem or not. its same with manual trading. if something unexpected happens you need to act accordingly.

things like slippage, commissions, different spreads should already be known if the programmer understands his craft,right.

 

also like to add a dashboard. so you can see some details like overall drawdown. profit and loss...etc.

 

or @Admin has programmer in his staff. they could program it as well.

 

if we automated it, than you don't really have to worry about the calculations. see attachment its an ecxel sheet wiht lotsize

 

100.000 units is 1 standerd lotsize.

let me see if i can put something on paper so you could make the base of the Ea

 

what exactly you do not understand

 

if you use lotsize or risk% and not units

If you put in lotsize and hedge is 30 pips. If your risk 1 lot you risk $300 on 1st trade

If you put risk x% and hedge is 30 pip. If you risk 1% your lotsize is +/- 0.5 lots( you need to calculate the lotsize)

first hedge you close x% of the trade. he use +/- 15%( make input that you can decide how much % to take off as profit).

2nd hedge was 16% as profit

and with the inner hedge he toke 20% profit and used the rest to trim off.

make inputs/parameters in %

 

if you bought and price goes against you. a sell stop has been placed 30 pips below. if the sell is activated your in a hedge,right. now the sell needs to go 40 pips in profit. so you have a sell + 40 pips and a buy with -70 pips. now you take partial profit of the 40 pips sell for profit and the rest of the profit is used to partially trim the negative position of the buy floating loss.

 

@Dasio86 you think you can do it.

 

you can make an input for internal position x% input. so you can fill that in. default 50% of the lotsize you started with. are you making a button on the chart,so it knows if you press it that it is a internal position and knows which side to partial close...etc.

% of profit tp retain. the amount depends on when you close the position. if you use as default 40 Pips. if you use 1 lot ,you toke of 25%,right. if you would have closed the 1st position at 80 pips. he would take different amount profit. he closes less as profit and more to redue the drawdown.