Would it be possible to add a HEDGE position option to the system?
This position would open after all the steps are done in grid execution and price would still go further in opposite direction. Then after a set amount of pips SL of that hedge position would move to BE.
Option for this Hedge would be:
- Open Hedge position - yes/no
- SL - x pips (0 - no stop loss)
- TP - x pips (0 - no take profit)
- Move SL to BE after x pips plus x extra pips for a bit of profit.
- Lot exponential (would set Hedge on equal or more lots then sum of all grid positions in hedge direction, that would allow to make profit if price keeps going opposite direction or close BE)
- if above is > 1 Close Hedge and Hedged positions on BE or after x pips in profit
Lets say we want this Hedge 100 pips in oposite direction. System would keep open that position if price would bounce up and down around 100 pips.
I think I would help with DD with a more precise way that just total shot down of the system.
I hope it make sense. Thanks!