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HedgeEA

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Some time ago, I begin coding this one with the help of rmyers. We have done a very good EA that I want to share with all of you.

It opens orders in both directions (BUY & SELL) at a time initially, then opens an additional order in the forward direction everytime the price goes up or down, i.e., opens an additional BUY order everytime the price goes up by multiples of “pipstep” above the initial BUY order, and opens an additional SELL order everytime the price goes down by multiples of “pipstep” below the initial SELL order.

When the price goes back from the lastly-placed order by “backstep” pips, it closes all the orders in the “forward” direction and opens a reverse order. At this time, there are only two orders left in the “backward” direction.