I'm currently using this expert advisor and I'm getting good profits from it. Surprisingly, it seems there's a few problem with it in the code, since it's supposed to open two trades at the same time. That's what I'd like you to add. I think the expert is mostly based on a hedging strategy that works pretty well, but I think it could lead to even more profits by doing a few touch-ups:
Currently, lets say :
1. the expert opens a buy position, then it automatically puts a take profit in place.
2. If the price goes up to the take profit, it closes the position and automatically opens another one (that can be buy or sell, depending on the indicators) with a new take profit.
3. If the price goes down, when it reaches a certain distance (that user chooses), it opens a new buy position and rolls back the take profit of both trade so that you still make a profit overall, but that the price doesn't have to go unrealistically high. It can do that as many times as you need it to be.
What I'd like know, is that step 1 is done in BOTH direction at the same time and you have that whole mechanism in both ways.
So lets say price goes up:
[login to view URL] BUY order closes and opens another BUY trade.
[login to view URL] SELL order stays, but there is a new SELL order with the whole rollback mechanism I just described.
And vice-versa if the price goes down.
The mechanism is already in the EA, I just need a little touch up for it to be repeated in both direction.