Hedged Profit Retriever Ea
Budget: $30 – $250 CAD
I am currently subcribed to an ea called the profit retriever that takes an initial position in the market and closeses at the next grid level. If the trade is in negative, a new position in the same direction is opened and so on until the position finally retrievs with a profit. The strategy allows the trader to adjust the grid gap spacing as well as the lot sizing at each new level to manage risk. However this trading can go into a potential high draw down. i would like to change the code to allow for tow hedged positions to be opened at the saem time so while one side of the trade may be in drawdown at each gap level, the other side that is working independantly is making a strong profit at each grid level. I have attached a pdf of the entire strategy and manul but don't have the original code. Once a profit retriever position is finally closed in profit, a new position will be opened immediately. A global take profit might also be a great addition. I would also like to have the start of a new grid opened based on a percentage of equity option but not sure how this would work with the grid potentially opening up quite a few positions so there needs to be a maximum risk percentage set per run. I recommend taking a look at teh profit retriever manual that is attached. Finally, if this works out well as a strategy, I would like to code the same in pine script for trading view.