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Hedging EA after manual limit order is filled.

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  • First Post: Edited at 4:59pm Jul 6, 2010 3:44pm | Edited at 4:59pm
  •  getting
  • | Joined Jun 2009 | Status: Member | 265 Posts
http://i47.tinypic.com/34dmo1f.png
Is their an EA; when I manually set a limit order to buy/sell a pair at a certain price when it get executed the EA then buy/sell another pair to hedge at market when first pair order is triggered.

Example:
manually enter a Buy Limit EURUSD @ 1.2640
EA Sell USDCHF @ market when above Limit order is executed.

I have looked through the forums and have not found one like this.

Strategy: for $1000 acct
EURUSD 1H; wait for a retracement, put a .02 limit buy order in the Green rainbow area, and 30 pips below that another limit buy of .02, and 30 pips below that another .02
Hedge lot .02 size on USDCHF when ever a limit order on EURUSD is executed
*****You don't want to risk more than .1 lot size for $1000 account*****
DO NOT place pending limit orders if in 30M chart of EU one of the three limit order falls below 50MA

***Opposite strategy if EURUSD is below 50MA***

Use MultiPurpose MM for SL and TP; dollar amount of 15 for TP and 35 for SL
http://www.forexfactory.com/showthread.php?t=89371

Thanks
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