I know hedging isn't very popular but I can't find an example of what I am trying to achieve.
I want to achieve the following:
Enter long with 30 pip TP and no SL
Enter short (hedge) if long trade 100 pip unrealised loss with no TP and 20 pip SL
If hedge trade is stopped out but long trade doesn't reach TP then enter a further short (hedge) if long trade once again 100 pip unrealised loss.
Enter maximum of say 5 short (hedge) trades
If after the 5th short trade is stopped out then the long trade either reaches TP or if it again reaches 100 pip unrealised loss then close long trade
Once the long trade is closed then start the sequence again. I can get the first sequence to work as per here shared/BMdZcsVxc but can't get the second one to work.
https://fxdreema.com/shared/BMdZcsVxc
Anyone able to help?
Thanks
