Bot description for MT4:From price (P), the bot will place a total of 4 Limit Orders (LOs); A, a, B and b.A will be a Buy Limit Order (BLO) placed North of P at X# of pips, B will be a Sell Limit Order (SLO) placed South of P at the same distance of P to BLO A. Now, A will have a SLO a at Y# of pips from A, and B will have a BLO b at the same Y# of pips. a and b have no take profit (TP) or Stop Loss, and A, B have only TP.B hedges b and A hedges a.So far it looks like this:---------------------------------------------> BLO b.....................................................>TP for A--------------------------------------------->BLO A- - - - - - - - - - - - - - - - - - - - - - - - - >P (Price)--------------------------------------------->SLO B.....................................................>TP for B---------------------------------------------->SLO aThe behavior will be:If price triggers only ONE LO into a MO (A or B), and takes profit, then cancel all LOs and start all over again.If price triggers TWO LOs into Market Orders (MOs) (A and B), then if one MO is in profit, take profit, cancel related hedging LO (b or a) that was in profit, at this point we will have one losing position (MO A or B) with corresponding hedging LO (a or b), the bot will place, again, the 4 LOs, therefore we will have 4 new LOs, 1 old LO and 1 MO in the red.The only time the bot will ignore the old MO and hedging LO, is when the hedging LO is triggered into a MO, that is: MOs B-b and A-a. So, if we have MOs A or-and B in profit, but the corresponding hedge is also a MO, the bot will ignore them and will continue working.Also, if the equity or Net Asset Value (NAV) falls beneath a specified percentage from the high watermark, the bot will stop placing new orders, and will only leave the hedged MOs.The input parameters will be:1- Pair2- Lot3- Distance from P for LOs A and B (pips)4- Distance from A to a and B to b (pips)5- Take Profit for A and B6- Stop Bot if Equity falls beneath X% from the high watermarkNotes:This is a semi automatic bot, in order to make some profit the parameters need to be changed manually according to market conditions, therefore, while the bot is working it has to let me change parameters 3, 4, 5 and 6.Also, when the bot stops because parameter 6 is reached, it has to leave all orders left hedged to prevent even more loss.Questions?Bot description for MT4:From price (P), the bot will place a total of 4 Limit Orders (LOs); A, a, B and b.A will be a Buy Limit Order (BLO) placed North of P at X# of pips, B will be a Sell Limit Order (SLO) placed South of P at the same distance of P to BLO A. Now, A will have a SLO a at Y# of pips from A, and B will have a BLO b at the same Y# of pips. a and b have no take profit (TP) or Stop Loss, and A, B have only TP.B hedges b and A hedges a.So far it looks like this:---------------------------------------------> BLO b.....................................................>TP for A--------------------------------------------->BLO A- - - - - - - - - - - - - - - - - - - - - - - - - >P (Price)--------------------------------------------->SLO B.....................................................>TP for B---------------------------------------------->SLO aThe behavior will be:If price triggers only ONE LO into a MO (A or B), and takes profit, then cancel all LOs and start all over again.If price triggers TWO LOs into Market Orders (MOs) (A and B), then if one MO is in profit, take profit, cancel related hedging LO (b or a) that was in profit, at this point we will have one losing position (MO A or B) with corresponding hedging LO (a or b), the bot will place, again, the 4 LOs, therefore we will have 4 new LOs, 1 old LO and 1 MO in the red.The only time the bot will ignore the old MO and hedging LO, is when the hedging LO is triggered into a MO, that is: MOs B-b and A-a. So, if we have MOs A or-and B in profit, but the corresponding hedge is also a MO, the bot will ignore them and will continue working.Also, if the equity or Net Asset Value (NAV) falls beneath a specified percentage from the high watermark, the bot will stop placing new orders, and will only leave the hedged MOs.The input parameters will be:1- Pair2- Lot3- Distance from P for LOs A and B (pips)4- Distance from A to a and B to b (pips)5- Take Profit for A and B6- Stop Bot if Equity falls beneath X% from the high watermarkNotes:This is a semi automatic bot, in order to make some profit the parameters need to be changed manually according to market conditions, therefore, while the bot is working it has to let me change parameters 3, 4, 5 and 6.Also, when the bot stops because parameter 6 is reached, it has to leave all orders left hedged to prevent even more loss.Questions?
