I am looking to implement an “hedge” strategy on an already existing EA.
This EA works great when I set it to trade [U][B]only[/B][/U] in the direction of the trend.
Identifying trends with a 200 EMA on a 4 hours chart.
The problem is that occasionally during corrections of the trend the opened positions that generate a negative profit become too bad and wipe out the account only because the margin available is finished, this before the trend can get back to it’s normal direction and end up with does positions being in a huge profit.
Therefore I would like someone of you to help me to implement into this EA the coding needed for it to open automatically an opposite position to each loosing trade whenever the PnL of that position is -50 pips to cover for the losses of the positions opened by the EA.
Let’s call the EA’s losing position A and the position that I want to be opened B.
I would like B to be opened in the opposite direction of A, whenever A has -50 pips PnL.
Than B should be closed as soon as B’s PnL comes back to 0.
I hope I was clear enough and someone is able to help me.
Because as far as I know entering into a correction too early in the direction of the trend, I could get caught in a change of trend.
Blowing up an account waiting for the correction to finish and while my margin is getting sucked by the “correction” Not be able to trade on other pairs
Yes. And I think that such strategies are only making things more complex. It’s easy to put another (opposite) trade, but then what? At some point the trend will not come back to it’s notmal direction anymore
I would like to finish my strategy on your website but I guess you take it then XD. It means people pay you to give you their strategy. I respect you very much!
Anyway I can tell you that if the trend doesn’t come back anymore I am simply very happy XD
I would like to talk to you in private but you blocked pms.
Am I wrong, or if the trend does not come back, you end up with at least one pair of 2 opposite trades, and each pair of 2 opposite trades is still keeping loss of -50 pips? Maybe I don’t understand something from your first post… I decided that you want to “hedge” the losing trade.
For some reason I also don’t have access to PMs here and I don’t know why :19:
On my website projects are private. I can read them of course, but I do that only if someone have question about his project
