my 2019 hedging strategy EA

i have checked, those ea included in post #28 are set with 0.01lot to start.

Hello fx4money

It is possible to explain the principles of the hedge when the reverse transaction opens and how the third transaction opens. Explain about this process.
It is not necessary to trade strategies and use indicators.

Thanks for your time... I saw that it doesn't open more than 1 lot after 100 orders , is there a setting to increase it?

i have set the max lot size for it to open, that's should be the reason, it is for account safety.

This is a really interesting EA
Can I start long or short manually? Can I also choose SL in amount of money?
Thanks for your help

Can I start long or short manually? No, but you can set long only or short only.

Can I also choose SL in amount of money? No, i don't like to use that algo in my ea so it is not in there.

I think your ea will work wonder if it does the opposite. It close automatically when the loss is at some percentage of equity e.g. 1% or profit of 2%. I have trading system that work well using this idea but has to do everything manually. Do you think you can adjust your EA?

will think of it and will update if done later.

The way I've implemented this idea in an MT4 EA is by first deciding on the directional bias as evidenced by the alignment of prev D1 close, current D1, W1, and MN1 open ... if price action is aligning all on one side of these lines then I decide it's either a bearish market or a bullish market (I mean it's not perfect but it's as close to an educated guess as possible) ... once I have the directional bias for BUY I open a grid of pending BUY STOP and BUY LIMIT orders ... reversely once I have the directional bias for SELL I open a grid of pending SELL STOP and SELL LIMIT orders: this way all price swings still work WITH my directional bias!! ... there are no hard SLs or TPs ... the EA monitors the point value of the profit (not money because the EA increases lots with equity and I don't want to continually keep making $5 I'd rather keep making 50 points) ... lastly the lot sizes of the grid fan out on both sides with the largest being positioned the closest to the current Ask/Bid price ... this gives me the highest probability of quickly getting my 5 pips profit and closing ALL trades (active and pending) ... if the PA is still properly aligned with the D1, W1, MN1 open lines the EA opens a new grid and the process gets repeated over and over. If you have a smaller account (<10K) you can keep all position sizes the same (0.01) and only increase them much later when your equity grows ... this works on all Forex pairs however much better results can be seen on those pairs that start of the month in one direction and just keep going (strongly trending in one direction) ... but that is not too much an issue (just an observation) because with additional equity monitoring EA can cut off an overall loss at a specified % ... in any case it took me a long time to get all the kinks out and I am not ready to share the EA yet but for those who seek the light I just want to say that hedge trading on the SAME currency IS possible it's just not possible to do manually because humans are too slow and we need to sleep :-) But if you can program this logic in you'll be pleasantly surprised. My big breakthrough was using the open line for directional bias and using order types which 1) aligned with the directional bias and 2) worked with the price swings to quickly achieve the target profit.

it doesn't open sell trade

hello Bro
can i get updated ver of this EA so i can do some forward test?

updated ea loaded in 1st post, can be used/tested till end of 2024

Hi, would it be possible to do exactly this strategy ?

it is possible, but you need to find a good broker. bad brokers can defeat the strategy by disconnecting the platform so the next order can't be made. I have used this system before.

2 main ea running. 3rd ea just for fun.
1 is high risk, using exponential lot increment. buy and sell at the same time.
1 is lower risk, using plus lot increment, to start open trade in opposite direction of 1st ea based on total lots opened to reduce draw down. will add more trades to balance available trades lot.
currently got 19 trades, 0.34 buy, 0.30 sell. closed so far today for 227.

0.68 lot buy, 0.68 lot sell, a tie, waiting for the break, 21 trades.

0.68 lot buy, 0.77 lot sell, 22 trades.

1 buy added, 0.78 lot buy, 0.77 lot sell, 23 trades.

8 buy sets hit tp. 0.16 lot buy, 0.90lot sell, 16 trades.

1 buy added, 1 sell added, 0.30 lot buy, 1.08 lot sell, 18 trades.