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MT4 Expert Adviser for simple Hedging Strategy required Open

Hi There,

I am looking for an EA to be coded for MT4 that can semi-automate a simple hedging strategy.

The basics of the strategy:

I place an initial trade, e.g. buy, 0.1 lots, 1:2 R2R SL/TP, and if it reverses a set number of pips I have a sell stop at twice the lots (0.2) with the same parameters. I allow this to continue up till a TP is hit which closes all positions on that pair only, or until a max loss is hit, I cap the loss at a fixed percent of the account.

So essentially I need the EA to automatically open a pending order in the opposite direction when a stop loss is hit, a set number of pips away from that stop loss with a customizable take profit and stop loss for that pending order.

Someone posted a similar strategy for further explanation here:

Please provide an estimate for overall costs.



Budget: $100

Posted On: March 23, 2018 09:40 UTC
Category: Web, Mobile & Software Dev > Scripts & Utilities

Skills: MetaTrader 4 (MT4), MQL 4
Country: United Kingdom
ID133653 TitleMT4 Expert Adviser for simple Hedging Strategy required
TypeFixed Budget$51-$500
Is PrivateNo Created On5 years ago