I set up an EA that does exactly this last year. I have the option to double, triple, quadruple, or whatever you want to do to the hedge. At the time I thought there was no way it could lose. Unfortunately if your stop out range is low(ie 10 pips) currencies bounce off it way too much and quickly hit your final trade. Increasing it forces it to move too far to TP. I did everything I could to make this work and it just doesn't over time. I sure wish it did though.
Quoting tdion
Disliked
i do not, but have come up with a martingale hedge that i posted here:
I set up an EA that does exactly this last year. I have the option to double, triple, quadruple, or whatever you want to do to the hedge. At the time I thought there was no way it could lose. Unfortunately if your stop out range is low(ie 10 pips) currencies bounce off it way too much and quickly hit your final trade. Increasing it forces it to move too far to TP. I did everything I could to make this work and it just doesn't over time. I sure wish it did though.
Ignored
Krumnner, would you care to post your EA... I use hedging exclusively and am always interested in EA's of this type. I never use EA's that deal with picking a market direction and executing orders. So something like what you have here, would be interesting to check out. If you don't mind of course.
I'll have to go through it and do some updating. I've gotten a little better at MT4 since then but I'm still not super.
If anyone didn't know, Build 201 will not recognize anything time related if you're using CurTime( ). It's been replaced with TimeCurrent( ).
Quoting mr.marketz
Disliked
Krumnner, would you care to post your EA... I use hedging exclusively and am always interested in EA's of this type. I never use EA's that deal with picking a market direction and executing orders. So something like what you have here, would be interesting to check out. If you don't mind of course.
I'll have to go through it and do some updating. I've gotten a little better at MT4 since then but I'm still not super.
If anyone didn't know, Build 201 will not recognize anything time related if you're using CurTime( ). It's been replaced with TimeCurrent( ).
Ignored
Thanks for the heads up on that. No prob regarding your EA... let me know if you're looking for anything (maybe code for your mods). I've got a few you might find interesting.
