Re: MT4 Indicator requests and ideas
Posted: Sat Aug 07, 2021 4:49 pm
Dear MrTools & Coders,
Could you please kindly code an account equity hedge protection trade manager type EA.
If either equity OR free margin is < $X amount the EA hedges Y% of current open trade. Say you have total of 0.50 lot BUYs and 0.30 lot SELLs of EURUSD as current open trades and free margin falls to <= trigger amount (an adjustable parameter) of say $1000, and EA is set to hedge 25% (also an adjustable parameter) of the net open trades, the EA would open 0.05 lots of SELL trades therefore hedging 25% of the net 0.20 of BUYS ( 0.50 BUYs - 0.30 SELLS = net 0.20 BUYS) of current open trades.
The hedged trades could then be closed manually or by using a different EA to exit the hedge trades.
I think if this type of account equity manager EA works properly then would greatly assist with grid/martingale EA type trading set ups and should help make such strategy more robust/safe against margin call and improve their performance & profitably.
Coders please kindly assist with this so every one may benefit! I would be happy to donate a small amount via PayPal for such EA!
May thanks in advance,
TN999
Could you please kindly code an account equity hedge protection trade manager type EA.
If either equity OR free margin is < $X amount the EA hedges Y% of current open trade. Say you have total of 0.50 lot BUYs and 0.30 lot SELLs of EURUSD as current open trades and free margin falls to <= trigger amount (an adjustable parameter) of say $1000, and EA is set to hedge 25% (also an adjustable parameter) of the net open trades, the EA would open 0.05 lots of SELL trades therefore hedging 25% of the net 0.20 of BUYS ( 0.50 BUYs - 0.30 SELLS = net 0.20 BUYS) of current open trades.
The hedged trades could then be closed manually or by using a different EA to exit the hedge trades.
I think if this type of account equity manager EA works properly then would greatly assist with grid/martingale EA type trading set ups and should help make such strategy more robust/safe against margin call and improve their performance & profitably.
Coders please kindly assist with this so every one may benefit! I would be happy to donate a small amount via PayPal for such EA!
May thanks in advance,
TN999