Simple EA for Hedging.. Help please

[moksha]

I need help in writing a simple EA for an idea in Same currrency Hedging
( as offerd by Alpari. FXCM/ IBFX)

Idea
To trade a Hedged single currency ( as offered by brokers like FXCM, ALPARI and IBFX)

Start of trade: No fix rule except perhaps a survey of Recent volatility ( To be discussed)

Opening
Open a BUY and a SELL position one after another
Both to have the following variable
Take Profit = 100 pips ( As an Example)
Stop Loss = 50 pips ( As an Example)
Trailing Stop = 20 Pips ( As an Example)

Opening next position rule:
Open next position only after both the sides of the Hedge are closed
And relevant to Money management ( a % of remaining Balance.. )

[tokyomaster]

This has been tried before and doesnt work in a ranging market

[PRIZEGUY]

I need help in writing a simple EA for an idea in Same currrency Hedging
( as offerd by Alpari. FXCM/ IBFX)

Idea
To trade a Hedged single currency ( as offered by brokers like FXCM, ALPARI and IBFX)

Start of trade: No fix rule except perhaps a survey of Recent volatility ( To be discussed)

Opening
Open a BUY and a SELL position one after another
Both to have the following variable
Take Profit = 100 pips ( As an Example)
Stop Loss = 50 pips ( As an Example)
Trailing Stop = 20 Pips ( As an Example)

Opening next position rule:
Open next position only after both the sides of the Hedge are closed
And relevant to Money management ( a % of remaining Balance.. )



i THINK i READ SOMEWHERE THAT SUCH A SIMILAR SYSTEM IS AVAILBALE AND tp,sl.TRAILING STOP CAN BE CHANGED AS TO YOUR OREFERANCE. I REMMEBER STORING IT SOMEWHERE IN MY COMPUTER BUT CAN'T SEEM REMEMBER UNDER WHAT NAME i STORED IT!!!!. aS SOON AS I LOCATE IT I WILL E-MAIL IT TO YOU OR POST IT HERE.

[Alfa]

I don?t know for sure yet but it looks like IBFX can no longer support hedged positions due to new NFA regulations. From what I know this only affects US brokers, so Alpari and FXCM should still be fine.