SIngle pair hedging

moksha

Recruit
Messages
9
Can somebody code and EA for this
Single pair hedging ( still allowed by Alpari UK or FXCM and other Australian brokers

Please email me auz99@yahoo.com.au

FX Hedging Strategy

For Metatrader Platform: Broker which allows “Hedging” in same currency pair
For example Forex | currency trading | forex trading | forex broker in Australia

Variables: TP = Take Profit, SL = Stop Loss, TS = Trailing Stop
Entry requirements: None ( may be revised down the track on measure of support and resistance or volatility
Special conditions * see middle case scenario


Idea: Open both long and short position in a pair
Set: ( as example) on both positions
TP = 100
SL = 50
TS = 20

Best cast scenario: (ignore spread)
Long moves up by 100 pips
Short side is closed at -50 loss
Long side takes profit @100 = =100
Overall = +50

Worst cast scenario: (ignore spread)
Long moves up by 50 pips and then moves down by 20
Long side : TS triggered on Long side Long side closes at +30
Short Side stopped = -50
Overall = - 20

Middle case scenario: (ignore spread)
Long moves up by 20 pips and then moves down by 20 pips
Long side : TS triggered on Long side Long side closes at 0
* AT the same time EA Must close Short side at 0
Overall = 0
 
Have not decided.. it could be random or based upon some sort of measure of trading range over few days... Need an partner who can co develop an EA for this
 
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