Built a simple EA to Hedge
Budget: $10 – $30 USD
Two input parameters:
1) Magic Number (Numeric field)
2) RPV (Floating drawdown in the Account) (Numeric field)
Logic: When the Risk percentage Value is reached the open positions should be hedged with a new single order and AutoTrading in the account to be disabled.
Notes:
There will always be a single currency pair trading in the account
The currency pair could have multiple trades in the same direction (Buy or Sell) but the hedging could be a single trade of combined lot size
1) Magic Number (Numeric field)
2) RPV (Floating drawdown in the Account) (Numeric field)
Logic: When the Risk percentage Value is reached the open positions should be hedged with a new single order and AutoTrading in the account to be disabled.
Notes:
There will always be a single currency pair trading in the account
The currency pair could have multiple trades in the same direction (Buy or Sell) but the hedging could be a single trade of combined lot size