Coordinated Hedging of Open Trades on Chart Symbols - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resources
This script sets pending hedges for chart symbols with distances in pips.
If the hedging is 100% uniform a strategy will not help,
else calculates the difference between buy and sell transactions and sets the unified pending hedge to 100%.
Delete the symbol's old hedge and place a new one.
This method can be used to manually track pending hedges if desired.
I use this strategy often enough that I thought it was useful enough to share it with you.
Attachment download
📎 pending_hedge_symbol_tp_v1.mq4 (4.71 KB)
Source: MQL5 #48981
Coordinated hedging of open trades on chart symbols - MetaTrader 4 script | Trading script download - MT4/MT5 resource usage and screening recommendations
Coordinated hedging of open trades on chart symbols - MetaTrader 4 script | Trading script download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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