This EA must work with all broker ECN, mini etc. Must work with all pairs including Gold/Silver. 

Must work with all broker digit 3/4/5 digits broker.

Must work with the latest mt4 build.

Setting all must be in Pips not Points, if i use 5 digit, SL is 25 not 250.


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This is my settings below.

ManageThisPairOnly = True/False

HedgeAtLossPips = 50

HedgeLotIncrement = 0.1

HedgingTheHedgeAllowed = True/False

HedgingTheHedgeLotIncrement = 0.1

TakeProfit = 100

StopLoss = 100

TargetPipToLockProfits = 50

ProfitToLock = 25

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ManageThisPairOnly = True/False

If True, EA will only manage the pair on the current chart.
If False, Ea will manage all trades.

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HedgeAtLossPips = 50

If i set 50 pips:

On EURUSD, I go long at price 1.17000 with lot 0.2. 
EA will open a hedge stop order, sell stop at price 1.16500 with the same lot 0.2 + HedgeLotIncrement = 0.1.

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HedgingTheHedgeAllowed = True/False

If False, nothing will happen.

If True.

This setting will hedge the hedge that is already hedged.

Explaination:

Current open trade = long at 1.17000 with 0.02 lot.
Current stop order = sell stop at 1.16500 with 0.3 lot (previously hedged as explained above).

If the sell stop got triggered, EA will hedge the previously hedged trade.
EA will open another stop order, buy stop at price 1.17000 with the same lot 0.3 + HedgingTheHedgeLotIncrement = 0.1.

The order flow will be like this:

1st - long at 1.17000 0.2 lot.
2nd - sell stop at 1.16500 0.3 lot. (*if got triggered, continue to 3rd) 
3rd - buy stop at 1.17000 0.4 lot. (*if got triggered, continue to 4th)
4th - sell stop at 1.6500 0.5 lot. (lot 0.4 + HedgingTheHedgeLotIncrement = 0.1)

and so on.... 5th, 6th, 7th...

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TakeProfit = 100

StopLoss = 100

If EA open pending stop order, EA will modify the trade to add TP & SL straight away, do not wait for the trade to trigger.

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TargetPipToLockProfits = 50

If set 50 and long at price 1.17000, if price reach 1.17500 activate "ProfitToLock".

ProfitToLock = 25

If set to 25 and price reach 1.17500, move SL to 1.17250.

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This EA is solely a standalone program and can be used with another EA or manual strategy. 
If I open manual orders or another EA/script open another order. This EA will not modify or add TP & SL.

For now, these are the details. I will upgrade or add more function if all the above requirements follow my suit.

Let me know the ETA.

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