Idea behind EA:

The Hedging EA sole purpose is not to make money, but to automatically hedge against positions that I do not want to close out. The idea is to protect balance and equity and free up some margin. In the event that a trade becomes too far in the negative, I would close out the primary trade, which will automatically close the hedge order. The end result would be to minimized loss against those positions that venture too far into the negative. 
Important Notes:

•	When the primary orders are closed, it will automatically close the hedge order

•	“Active Hedge Minimum Time programming” is embedded into the “Exit at Previous Entry” and “Exit Hedge at Commission” Options. This means that if these options are both placed at “False”, then you have nothing that will exit you from a negative hedge trade. It won’t cause a loss of account balance, but it would counter any gains from the primary trade. 

•	 If trades from parameters below are closed, and conditions still apply for a hedge, the EA will reenter the trade after “Time Between Open Orders in Minutes” time expires. 

•	EA use Part and Whole number ( .30, 0, 1 etc)
Wait For New Orders = Yes/No (This means when EA is applied to chart, to apply rules based on existing order or start with new orders).

Hedge at Amount = This will be a figure in dollars ($). This is where the EA will place a hedge trade. For example, if I enter in “20”, then EA will place a hedging trade at -$20

Time Between Open Orders in Minutes = This is the timer that is placed between open and closed orders. This means after an order is open/closed, then wait X minutes before opening a new order.

	Note: Primary orders will have its own timer. Order 1 will work off a different timer then order 2. So if this option is set at “5”, and order 1 hedge is placed…….then order 2 will not have to wait 5 minutes but could place order immediately if conditions are correct. Same goes for closing the orders.

Take Profit in $= This option will give me the ability to take profit in the hedge trade. 

Active Hedge Minimum Time- This Option is to allow a hedging trade to stay active X amount of minutes before it follows any exit rules. This is necessary to allow the price movements to filter out…otherwise you may be constantly entered and exited from the hedge trade due to price movement. 

Exit at Previous Entry - With this option, The hedging order will set a TP at its entry. In other words, if it hits this TP, there will be no profit.  

Exit Hedge at Commission – instead of exiting at entry (for zero profit), this option will set exit for the cost of entering the position. Profit will = commission rate. 

Hedging Threshold in $ and Hedging Exit in $ - The idea of these options are much like hedge at commission, but instead of having the EA determine the commission price, you will be setting this exit-in-profit rate manually.  For example:
Hedging Threshold = 5
Hedging Exit = 2

This means that the trade must go $5 into the positive. Once trade is = $5, then a SL will be placed at positive $2. This will override the Exit at Previous Entry or Exit at Commission settings:

Use Lot size of original order – If true, this means the EA will open hedge order the exact same size as primary order
Fixed Lot Size – If “Use Lot size of original order is set to False”, then open Hedge order Using this lot size.