Three trade Set and forget by anjan babu

Quoting anjanbabu

Disliked

Hi, This is a very simple strategy. When you take a trade, you generally use stop loss. But this strategy is different. Instead of a stop loss, you take an opposite trade with much higher lot size and create a proper hedge of the strategy so you are breakeven with just spread cost and commission. Example trade 1: BUY 0.01 lots Trade goes opposite you set two pending orders, 0.10 SELL and 0.09 BUY So now instead of eating up the losses, you bring the average sell price and average buy price to the same level and also equalize the lot size. indi attached...

Ignored

Quoting MoochMooch

Disliked

{quote} Hi Anjanbabu - This would balance out but you would always be in the negative of the first trades stoploss. So example you SELL 1 lot with a 10 pip SL and a 10 pip TP. If it hits TP you make 10 points. If it goes against you towards SL but instead of closing you then SELL 10 pips away from initial entry at 9 lots and BUY at the same level at 10 lots. At this point you are negative 10 points from the first 1 lot SELL. If the price then goes down to your first take profit level which is now 20 pips away, you will be +10 points from the first...

Ignored

Quoting fxwealth

Disliked

Hi anjanbabu, Seems very interesting. Could you perhaps please post an example using actual gold prices? I dont completely understand your system yet. Also do you perhaps have a MT4 version of your indicator? Thank you and Best rgds

Ignored

//+------------------------------------------------------------------+
//|                                           Anjan's Guardian Angel.mq5 |
//|                                                     Copyright 2025  |
//+------------------------------------------------------------------+
#property copyright "Copyright 2025"
#property link      ""
#property version   "1.00"
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_plots   3
//--- plot Buy Average
#property indicator_label1  "Buy Average"
#property indicator_type1   DRAW_LINE
#property indicator_color1  clrLime
#property indicator_style1  STYLE_SOLID
#property indicator_width1  1
//--- plot Sell Average
#property indicator_label2  "Sell Average"
#property indicator_type2   DRAW_LINE
#property indicator_color2  clrRed
#property indicator_style2  STYLE_SOLID
#property indicator_width2  1
//--- plot Suggestion
#property indicator_label3  "Suggestion"
#property indicator_type3   DRAW_LINE
#property indicator_color3  clrYellow
#property indicator_style3  STYLE_DASH
#property indicator_width3  2
//--- indicator buffers
double BuyAvgBuffer[];
double SellAvgBuffer[];
double SuggestionBuffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                           |
//+------------------------------------------------------------------+
int OnInit()
{
   //--- indicator buffers mapping
   SetIndexBuffer(0, BuyAvgBuffer, INDICATOR_DATA);
   SetIndexBuffer(1, SellAvgBuffer, INDICATOR_DATA);
   SetIndexBuffer(2, SuggestionBuffer, INDICATOR_DATA);
   
   //--- set empty value
   PlotIndexSetDouble(0, PLOT_EMPTY_VALUE, 0.0);
   PlotIndexSetDouble(1, PLOT_EMPTY_VALUE, 0.0);
   PlotIndexSetDouble(2, PLOT_EMPTY_VALUE, 0.0);
   
   //--- Create labels
   if(!LabelCreate("WelcomeLabel", "ANJAN'S GUARDIAN ANGEL ACTIVE", 10))
      return(INIT_FAILED);
   if(!LabelCreate("BuyLabel", "", 9))
      return(INIT_FAILED);
   if(!LabelCreate("SellLabel", "", 9))
      return(INIT_FAILED);
   if(!LabelCreate("SuggestionLabel", "", 9))
      return(INIT_FAILED);
      
   return(INIT_SUCCEEDED);
}
//+------------------------------------------------------------------+
//| Label creation function                                           |
//+------------------------------------------------------------------+
bool LabelCreate(const string name, const string text, const int size)
{
   ObjectCreate(0, name, OBJ_LABEL, 0, 0, 0);
   ObjectSetString(0, name, OBJPROP_TEXT, text);
   ObjectSetInteger(0, name, OBJPROP_CORNER, CORNER_RIGHT_UPPER);
   ObjectSetInteger(0, name, OBJPROP_XDISTANCE, 350);
   ObjectSetInteger(0, name, OBJPROP_YDISTANCE, (name == "WelcomeLabel") ? 20 :
                                                (name == "BuyLabel") ? 40 :
                                                (name == "SellLabel") ? 60 : 80);
   ObjectSetInteger(0, name, OBJPROP_COLOR, (name == "WelcomeLabel") ? clrWhite :
                                           (name == "BuyLabel") ? clrLime :
                                           (name == "SellLabel") ? clrRed : clrYellow);
   ObjectSetInteger(0, name, OBJPROP_FONTSIZE, size);
   ObjectSetString(0, name, OBJPROP_FONT, "Arial Bold");
   return(true);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function                                |
//+------------------------------------------------------------------+
int OnCalculate(const int rates_total,
                const int prev_calculated,
                const datetime &time[],
                const double &open[],
                const double &high[],
                const double &low[],
                const double &close[],
                const long &tick_volume[],
                const long &volume[],
                const int &spread[])
{
   double totalBuyLots = 0;
   double totalSellLots = 0;
   double weightedBuyPrice = 0;
   double weightedSellPrice = 0;
   
   // Process positions
   int total = PositionsTotal();
   for(int i = 0; i < total; i++)
   {
      ulong ticket = PositionGetTicket(i);
      if(ticket <= 0) continue;
      
      if(PositionGetString(POSITION_SYMBOL) == _Symbol)
      {
         double posLots = PositionGetDouble(POSITION_VOLUME);
         double posPrice = PositionGetDouble(POSITION_PRICE_OPEN);
         
         if(PositionGetInteger(POSITION_TYPE) == POSITION_TYPE_BUY)
         {
            totalBuyLots += posLots;
            weightedBuyPrice += posLots * posPrice;
         }
         else
         {
            totalSellLots += posLots;
            weightedSellPrice += posLots * posPrice;
         }
      }
   }
   
   // Process orders
   total = OrdersTotal();
   for(int i = 0; i < total; i++)
   {
      ulong ticket = OrderGetTicket(i);
      if(ticket <= 0) continue;
      
      if(OrderGetString(ORDER_SYMBOL) == _Symbol)
      {
         double orderLots = OrderGetDouble(ORDER_VOLUME_INITIAL);
         double orderPrice = OrderGetDouble(ORDER_PRICE_OPEN);
         
         if(OrderGetInteger(ORDER_TYPE) == ORDER_TYPE_BUY_LIMIT ||
            OrderGetInteger(ORDER_TYPE) == ORDER_TYPE_BUY_STOP)
         {
            totalBuyLots += orderLots;
            weightedBuyPrice += orderLots * orderPrice;
         }
         else if(OrderGetInteger(ORDER_TYPE) == ORDER_TYPE_SELL_LIMIT ||
                 OrderGetInteger(ORDER_TYPE) == ORDER_TYPE_SELL_STOP)
         {
            totalSellLots += orderLots;
            weightedSellPrice += orderLots * orderPrice;
         }
      }
   }
   
   // Calculate averages with proper precision
   double avgBuyPrice = (totalBuyLots > 0) ? NormalizeDouble(weightedBuyPrice / totalBuyLots, _Digits) : 0;
   double avgSellPrice = (totalSellLots > 0) ? NormalizeDouble(weightedSellPrice / totalSellLots, _Digits) : 0;
   
   // Calculate suggestion price and lots needed
   double suggestionPrice = 0;
   double lotsNeeded = MathAbs(totalBuyLots - totalSellLots);
   
   if(totalBuyLots != totalSellLots || (avgBuyPrice != avgSellPrice && avgBuyPrice > 0 && avgSellPrice > 0))
   {
      if(totalBuyLots < totalSellLots)
      {
         suggestionPrice = NormalizeDouble((totalSellLots * avgSellPrice - totalBuyLots * avgBuyPrice) / (totalSellLots - totalBuyLots), _Digits);
      }
      else if(totalSellLots < totalBuyLots)
      {
         suggestionPrice = NormalizeDouble((totalBuyLots * avgBuyPrice - totalSellLots * avgSellPrice) / (totalBuyLots - totalSellLots), _Digits);
      }
   }
   
   // Update labels
   string priceFormat = StringFormat("%%.%df", _Digits); // Dynamic price format based on symbol digits
   string buyText = StringFormat("BUY  L:%.2f @" + priceFormat, totalBuyLots, avgBuyPrice);
   string sellText = StringFormat("SELL L:%.2f @" + priceFormat, totalSellLots, avgSellPrice);
   string suggestionText = "";
   
   if(MathAbs(totalBuyLots - totalSellLots) < 0.01 && MathAbs(avgBuyPrice - avgSellPrice) < _Point)
   {
      suggestionText = "BALANCED";
      PlotIndexSetInteger(2,PLOT_LINE_COLOR,clrBlue);
   }
   else
   {
      suggestionText = StringFormat("Sug: %s %.2f lots @" + priceFormat,
                                  (totalBuyLots < totalSellLots ? "BUY" : "SELL"),
                                  lotsNeeded,
                                  suggestionPrice);
      PlotIndexSetInteger(2,PLOT_LINE_COLOR,clrYellow);
   }
   
   ObjectSetString(0, "BuyLabel", OBJPROP_TEXT, buyText);
   ObjectSetString(0, "SellLabel", OBJPROP_TEXT, sellText);
   ObjectSetString(0, "SuggestionLabel", OBJPROP_TEXT, suggestionText);
   
   // Update buffers
   for(int i = 0; i < rates_total; i++)
   {
      BuyAvgBuffer[i] = avgBuyPrice;
      SellAvgBuffer[i] = avgSellPrice;
      SuggestionBuffer[i] = suggestionPrice;
   }
   
   return(rates_total);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                         |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
{
   ObjectDelete(0, "WelcomeLabel");
   ObjectDelete(0, "BuyLabel");
   ObjectDelete(0, "SellLabel");
   ObjectDelete(0, "SuggestionLabel");
}

Quoting Dezzz

Disliked

we put SL buy 0.09 = TP sell 0.1 = TP sell 0.01 right? no swap account will be best for this strategy.

Ignored

Quoting anjanbabu

Disliked

I hope I can get the message across. The only problem is if your third trade doesn't get executed. {image}

Ignored

Quoting Hoffi4201

Disliked

cool idea. The EA could buy or sell every round number with fixed second and third trade. But as you already mentioned, the only question would be: What if the third trade is not executed? There must be some kind of rule for this.

Ignored

Quoting anjanbabu

Disliked

{quote} I thought about adding a zone recovery Algo if the third trade is missed. So we have a zone now with a defined box, we recover the loss. {image}

Ignored

Quoting anjanbabu

Disliked

Hi, This is a very simple strategy. When you take a trade, you generally use stop loss. But this strategy is different. Instead of a stop loss, you take an opposite trade with much higher lot size and create a proper hedge of the strategy so you are breakeven with just spread cost and commission. Example trade 1: BUY 0.01 lots Trade goes opposite you set two pending orders, 0.10 SELL and 0.09 BUY So now instead of eating up the losses, you bring the average sell price and average buy price to the same level and also equalize the lot size. indi attached...

Ignored

Quoting haghparast

Disliked

{quote} Thank you to our dear friend for sharing their idea. You can download the converted code for MetaTrader 4 from here. The issue I noticed in your idea, which you also pointed out, is the third trade not being activated, as this would cause losses to increase exponentially. I think it would be a good idea to address this by adding a fourth trade around the first trade. If the third trade is not activated, the fourth trade would be triggered instead, and the third trade would then be canceled. {file} {file}

Ignored

Quoting haghparast

Disliked

{quote} Thank you to our dear friend for sharing their idea. You can download the converted code for MetaTrader 4 from here. The issue I noticed in your idea, which you also pointed out, is the third trade not being activated, as this would cause losses to increase exponentially. I think it would be a good idea to address this by adding a fourth trade around the first trade. If the third trade is not activated, the fourth trade would be triggered instead, and the third trade would then be canceled. {file} {file}

Ignored