Cannot get Hedging basics to work, Master coder required :)

[Ipod]

Hello

I've been trying to create a hedging strategy as per this PDF but cannot for the life of me figure it out, can someone smart please give me a helping hand.

Basically open a buy, then if -10 pips negative open a sell x3 the lot size and close at 10 pips for profit, if the trade swings back up open another buy when the sell is -10 pips x3 from the previous "sell trade" etc etc.

Any help would be greatly appreciated.

[0_1558901190110_Sure-Fire_Forex_Hedging_Strategy.pdf](Uploading 100%)
0_1558901201240_Sure Fire Hedging.mq5

[l'andorrà]

Could you please include that PDF?

[Ipod]

@l-andorrà

Oops didn't realise it hadn't uploaded.

Sure-Fire_Forex_Hedging_Strategy.pdf

[l'andorrà]

It's a common hedging strategy. My personal experience tells me that they noever work in the long run. Are you sure you want to try it?

[Ipod]

Yes, it was going to form part of my overall EA which has several parts involved but I just cannot get this to work.

If it is a lot of work and you believe it's not worth looking into don't worry too much. If you think something else is better in the long run I could research that instead.

[l'andorrà]

Honestly it is not an easy thing to do and reward is more than questionable. I strongly recommend you ti read this before considering seriously if you want to do it.

https://fxdreema.com/forum/topic/5216/hedging-audusd
https://fxdreema.com/forum/topic/3331/how-to-create-an-ea-like-Sure-fire/4
https://fxdreema.com/forum/topic/2023/Adding-a-Sure-Fire-Hedge-to-an-Startegy/2

Personally I'm afraid I would be interested in a project like that. Sorry!

[Ipod]

No problem I will stick to my variable martingale for now building a good base and then adding conditions, news filters and maybe some other stuff

Thank you for the assistance though