Hedging with Boom and Crash index

[Adetunjicaleb]

I already know the parameters I am looking for before opening the hedge trades to start with.

I am trying to create something, whereby I open buy and sell trades (when the parameters are met) at the same time for Boom (boom by default sells) and when it spikes (long bullish candle appears) the buy order will be in profit (and the sell order will be in similar loss value), so I want to close the profit immediately and open a new buy and sell order immediately.

Now I have 3 orders opened, 1.) The initial sell order runs at loss 2. and 3)the new buy and sell.

So I want to close the three orders once

1. When the Initial sell order reaches a support
2. When the total losses from the 3 orders (Initial sell and combination of the new buy and sell) gets to 40% of the Initial Buy that was closed in profit.

How do I go about it?

[Adetunjicaleb]

@adetunjicaleb @jstap any help on this? @l-andorrà any help?

[jstap]

@adetunjicaleb In the UK I can't back test boom & crash, principles are the same though, start by getting project to do 1 thing, if it doesn't work add a shared link, you can then add more.

[Adetunjicaleb]

@jstap alright, I will do that. Thanks a lot

[Adetunjicaleb]

@jstap I have abandoned that project. It seems too complicated for me. However, I have a new one that I am still testing out. It is also boom and crash but I will share the shared link with you.

Let me first explain what I want the bot to do.

Its a boom market, say Boom 1000 Index.

1. Price is to be above an EMA 35 on the Minute 1 (M1) Timeframe

2. A spike (which is a long bull candle (a big body size minimum of 5pips) appears.

3. A Fibonacci retracement is drawn from the beginning of that Spike Bull candle to the end up. This Fibonacci reads 100 at the beginning of the candle down, 61.8, 50.0, 38.2, 23.6, and 0.0 at the end of the candle up.

4. Whenever the price (the small bearish ticks candle reaches the 38.2 level of the Fibonacci retracement, the bot should open a buy position

5. Take profit is immediately after another spike or at the TP value set in the bot

6. Once the price ever gets to the 61.8 level, the bot should close that trade (as a stop loss).

[Adetunjicaleb]

@jstap https://fxdreema.com/shared/ium5GGuke

This is the shared link of what I have managed to do on this

[jstap]

@Adetunjicaleb Ask for one issue rather than all, when creating EA your best to test each condition separately, then when working test the next, you can then put them all together, I'm not too well practiced with Fibonacci.