MT4 Hedging EA

Budget $30 - $150 AUD
Bids 9
Average Bid $186
Status Closed

I am looking for someone to create an EA (for MT4) that can perform the following hedge operations:

1) The EA will either monitor all trades, or monitor trades by magic number (there should be the ability to select between these 2 options when initialising the EA).

2) When a trade falls into loss by a certain number of pips (i.e. 40 pips), a trade in the opposite direction will be opened (a hedge trade). The number of pips should be able to be selected when the EA initialises.

3) When the hedge trade itself reaches a certain profit (i.e. 30 pips), the hedge trade will have a Stop Loss/Take Profit introduced. The hedge trade itself is not to be closed with a profit (just the Stop Loss/Take Profit to be incorporated to the trade). This will mean that if the profit of the hedge trade was to then go back down to zero later on, the Hedge Trade would then close (i.e. break even). If possible, the break even should also include swap/rollover charges into the break even calculation. The number of pips should be able to be selected when the EA initialises.

4) The original trade is to remain open (even if the hedge trade is closed).

5) If the original trade then has a loss again as in part (2) (i.e. 40 pips), then another hedge trade will be opened for this original trade (and the process will start over again).

6) The Hedge trades that are created are to have their own magic number identifier, i.e. if there were 3 Hedge trades created (from 3 separate trades) then all 3 of these Hedge trades would have the same magic number (I am not an expert at MT4 programming, but I think this is possible).

Please note: The EA will hedge with the same currency pair. I am in Australia; so hedging the same currency pairs is allowed (i.e. I can have 1 open buy position of AUD/USD and 1 open sell position of AUD/USD at same time).

Get Free Quotes For A Project Like This

Looking to make some money?

  • Set your budget and the time frame
  • Outline your proposal
  • Get paid for your work

Bids on this Project

  • tradreams Profile Picture


    ANDALUCIA,  Spain

    Providing Metatrader (MT4 / MT5) solutions that best fit the needs of traders.

  • ETNASoftware Profile Picture


    New York,  Russian Federation

    ETNA Software is a highly capable financial technology software services firm. We built award winning trading platforms for ThinkOrSwim - TD Ameritrade, GFT Forex. In 2008 ETNA delivered SogoTrade Options Trading Platform for Genesis Securities - the following year it was recognized by Barrons Magazine as one of their top trading platforms..ETNA delivered complex solutions used by MF Global, Allianz, Cushman and Wakefield and many others (The Administrator removed this message due to contact details which breaches our Terms and Conditions). ETNA Software Corp. is HQ'ed in New York and leverages talent with highly skilled software engineers from St. Petersburg, Russia (Russia's Silicon Valley). Our attrition rate is < 5%. Distinctive features of ETNA Software are highly efficient development capabilities and a customer-oriented approach, resulting in flawless communication and delivery.

  • trivietsales Profile Picture


    Ho Chi Minh,  Vietnam

    General skills: - More than 10 year experiences software development industry, a lot of experiences in dealing with many technical platforms and languages: .NET, C#, C/C++, PHP, Java,... - More than 7 year experiences in developing strategies/indicators for MetaTrader, NinjaTrader,StrategyTrader, TradeStation, MultiChart, Interactive Brokers, ForexTester, JForex - More than 3 year experiences in developing financial applications that integrate with quote feeding, order entry, batch order processing. - Familiar with FIX protocol, MathLab, QuantCode, IQfeed, TWS API, YahooFinance, GoogleFinance - Strong knowledge in applying and developing technical analyses for Forex, Stock trading. .NET/C# programming: - WPF, MVC, Winforms - EntityFramework Code First - WebAPI, Identity, Unity, Json - UnitTest - Azure cloud deployment - GitHub, Git extension, SVN

  • waterwood Profile Picture


    Melbourne,  Australia

    I have more than 10 years experience in MetaTrader4 advisor development, Crack software protection, MetaTrader4 MQL programming, Visual c++, c#, network developing, database and software design.

  • JackRh Profile Picture


    Gaziantep,  Turkey

    I am Computer Engineer-Software Developer, my academic and work formation has focused on the development and implementation of useful proposals in the field of Desktop Applications Development and IT Programming in Financial Markets, with extensive strong experience in the stated fields "up to 8 years". Lately I have decided to expand my works by joining the outsourcing sites, as I would like to use my solid programming experience to provide valuable contributions for the organizations/people who need such a assistance and services. I'm keen to provide work that is of excellent high quality, supported with a outstanding level of customer service. Bsher {Jack Rh}.

  • giants11 Profile Picture


    Campsie,  Indonesia

    Working as freelance programmer since 2007.Good and kind hardworker of me..

  • tatapuiu Profile Picture


    Mangalia,  Romania

    Currently not available. I have written code for the Metatrader platform for close to 4 years and have developed hundreds of experts advisers, indicators, and scripts for both mt4 and mt5. If you need to automate your strategy or if you need a specific tool to help you with your trading I'm certain I can help. High quality work, timely delivery, non-disclosure, and unlimited support are guaranteed.

  • MarceloAptrafx Profile Picture


    Dublin,  Ireland

    Hello, this is Marcelo. I am a 38 year old professional MQL4programmer with more than 400 projects/reviews just programming MT4/MQ4 software in this website.(Please check my profile here : ). I have been coding all kinds of MT4 EAs and Indicators since 2003 for many people around the world. In addition, I've been trading LIVE accounts since 2005. I finished my University in Computer Science 10 years ago and my MBA in Project Management in 2014 Please see below in * Service Description * all of my prior jobs done. Do not close the project before talking to me, I am sure that I can help you with professional quality and price. Best Regards, Marcelo Marques Pereira GMT+0 //---------------- My Qualifications : //---------------- Please check all of my +400 reviews just developing MT4 programs. In addition to this, you will be able to see projects from U$30/500 to U$5000 that were concluded with 100% satisfaction //-----------------