Hey Funyoo I need your help.
Come to me this strategy - surefire hedge strategy. You can see the rules attached.
Mostly what I am ask you to do is to automate that, creating an HEDGE WIN EA, preferable adding a breakout method for the first trade, like:
trade a very volatil pair, like gbpusd.
trade in a rush hour - london hour - perhaps between 5:30am-8:30am GMT.
Have a initial criteria to identify a breakout for the first trade, like buy at Momentum (>100) and CGI (>0). The inverse for a sell.
then, if the first trade did not get the TP set (30pips as described) applied the hedge strategy explained attached.
Add your usual power features, like ECN, ... etc.
Dont forget a maximum open position parameter.
The idea of a breakout for first trade and trading in a very volatil hour is to avoid range markets and assure to get the volatil needed for not been stuck with it. (and avoid a huge DD)
Any backtest you can make is much welcome!
Thank you in advance.
PS.: But please feel free to experiment other method to guarantee a first trade on a very volatil time and manner.... (trend follow, news...) I think the key to get this a never loss ea, is to avoid ever choppy markets and guarantee it will move 30 to 60 pips at least for one direction or other, asap.