Good idea for an EA - 'hedging'

Hi All ,
Im not coder. But i have good idea for ea.
1. Filter RSI 70,30
2. Put both buy and sell (same lot)
3. close all trade once 70 reached 30 or 30 reached 70.

let assume there is a continuous trend then start hedging.
any body can help me to code this?

You may have missed something in your rules. The only thing you are doing is to lose spread + commission with these rules.

ah yes. sorry.
3 should change.
3. close sell trade once 70 reached 30 or close buy trade once 30 reached 70.

hedging can be sure fire strategy.

this will help.

Why not open buy when 70 reached 30 and sell when 30 reached 70, its not different. Typical newbie

let me clear it.
once 70 reach put buy and sell. once RSI reached 30 close sell. for buy order execute sure fire strategy.
same process for RSI 30 also.

"sure fire strategy" - LMAO

yes. loosing trade start hedging. this will reduce risk.

1. Sure fine not fire
2. Old wine new bottle.

If you cant process my comment, dont trade fx.

this is just idea. need to code and check. without check i cant tell any thing

What makes you believe your idea is any good? I don't mean to be negative, pejorative or whatever. Nothing personal against you. But I'm really pissed off by such a thread. It is clear you have a looooong way to home. There are lots of things that aren't alright.

** You make and lose money proportionally to your exposure in the market. If you open 1 lot long and 1 lot short you're flat. No exposure. No possibility of profit. Just twice the trading fees. It is only when you close one side that you get exposed. Like love.l0ve said long at 30, short at 70 is just the same. That's so basic.

** That "strategy" has been around for YEARS and has proven to be a desaster. You didn't do the minimum of research on the net.

** Obviously you don't understand the effect of the trend on the RSI. You use an indicator without understanding how it works.

** Nice fuzzy "oh and when a strong trend starts do this". Ok. How do you define a strong trend? Is it left to the coder to do your job? I also have a great idea coders people. Please write an EA that does this
I let you implement the details. In the end of the day you're the experts not me!

** "this is just idea. need to code and check" NO! I think this one is the most irritating to me. A coder isn't a slave who is supposed to randomly write thousands of lines of code "just to check ideas". First you think, check, statistically assess that your idea is sound and specify the rules correctly and thoroughly. Second a coder may implement. Some talented coders offer their services FOR FREE on this forum. At least respect their work!

** "losing trade start hedging. this will reduce risk." sounds so much a patch on a flat tire. After you're hedged what is the next step? Where is the risk reduction? I read somewhere on this forum "hedging is turning a position you have no clue what to do with into two positions you have no clue what to do with". You have no plan.

Do you have any good idea?

Well said.

From what I've read, there are approx 14 million hopeful traders using MT4 worldwide.
I wonder how many of them are thinking "I have a good idea for an EA".

This is just gold!

Seriously yadagan, you are out of your depth. Try something else.

Dear Yadgayan,

I would suggest that you learn how to code yourself. MQL4 is not difficult to learn.

When you will try to code your idea into an EA, you will appreciate the remarks made by coders here in response to your request. You will also learn a lot about trading and will be able to refine your strategy, and may also learn how to use indicators and other tools at your disposal for analyzing the market.