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REGISTER PARTICIPANTS Expert Hedge Style Trader Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 12, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #hedgestyletrader

    hedge-style-trader-logo-200x200-1800.png

    Every trader knows that on high volatility (rally) the trade is move rapidly in one direction but it is not known which way. This EA is set to open a hedge (Buy and Sell) position in the same time with a certain SL and a double of that TP. When those positions are opened, one of the two will be closed on SL. But on high volatility there is a large possibility that the trade is going to rally on that direction and hit the TP on the opposite trade. In the EA a trailing stop is also added, if one of the two trades hits the SL the opposite trade SL will be set to breakeven.

    Inputs

    • Buy and Sell Options:
      • VolumeRisk - is the risk in percents;
      • VolumeUpperLimit - is the maximal LOT size;
    • Spread Filter:
      • High Spread (Above EA Turns OFF) - if the spread is higher than the set value the EA is turning off, and an arrow is drawn on M1 chart to show the user when was the high spread;
      • Normal Spread (Below or Equal EA Turns ON) - if the spread is below or equal the set value the EA is turning on (this option is especially good on floating spread accounts).
    NOTE: The EA is optimized for use on EUR/USD.

    Good luck and profitable trades to everyone.

    hedge-style-trader-screen-1439.jpg

     
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