Can anyone help to teach me the logic of hedge?
I want to add hedge logic in my tanake templete, but
If buy signal , then place buy order and sell order at the same time.
If sell signal , then place sell order and buy order at the same time.
Is this OK? Maybe it is not simple like that?
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| case example |
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set parameter
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lot size ; 1
lot multiplier : 2
pips range : 30
order
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let say buy signal at 1.2800
then will open buy 1lot at 1.2800 set tp: 1.2830 , sl: 1.2770
also open sell stop 2lot at 1.2770 set tp:1.2740 , sl: 1.2800
where tp reach order close
if not then
sell stop triggered
when sell stop triggered will also open buy stop 4lot at 1.2800 set tp:1.2830 , set sl:1.2770
round this algorithm till TP reach
case 1 : buy 1lot reach TP will profit +30
case 2 : buy 1lot reach SL -30 .. sell stop 2lot reach tp +60 -->> total profit +30
case 3 : buy 1lot reach SL -30 .. sell stop 2lot reach sl -60 ... buy stop 4lot reach tp +120 --->> total profit +30
i du not know what i've written
