Easy to use Hedging Class for MQL4 by Peter Mueller – library MetaTrader 4 – library MetaTrader 4
by
Input Parameters:
OrderDistancePoints : Determines the distance in points from the current ask price for placing buy orders and from the bid price for placing sell orders.
TPPoints : Specifies the take profit target in points.
Startlotsize : Sets the initial lot size for trades.
Gainperlot : Defines the desired gain per lot size.
The Code is full of comments, I’d recommend checking it out if you want to understand everything.Â
Sets various parameters for the trading strategy including target profit, starting lot size, gain per lot, buy level (price), and sell level (price).
2 TargetProfit:
void TargetProfit(double value);
double TargetProfit();
Setter and getter methods for the target profit parameter. Allows setting and retrieving the target profit value for the trading strategy.
3 GainPerLot:
void GainPerLot(double value);
Setter method for specifying the gain per lot. Sets the amount of profit desired for each traded lot.
4 SqueezeDistance:
void SqueezeDistance(double value);
Sets the distance used for squeezing in the trading strategy. Determines how far away from the current price levels pending orders are placed.
5 SetHardSL:
void SetHardSL(int points);
Sets the hard stop loss for trades, specified in points. Establishes a fixed level at which a position will automatically be closed to limit potential losses.
6 LongVolume:
double LongVolume();
Retrieves the total volume of long positions currently open in the trading strategy.
7 ShortVolume:
double ShortVolume();
Retrieves the total volume of short positions currently open in the trading strategy.
8 LongPendingVol:
double LongPendingVol();
Retrieves the total volume of pending long orders that have not been executed yet.
Retrieves the total volume of pending short orders that have not been executed yet.
10 TradeCount:
uint TradeCount();
Retrieves the total number of active trades and orders currently managed by the trading strategy.
11 Run:
bool Run();
Initiates the execution of the trading strategy. Returns true if the strategy starts successfully.
12 onTick:
void onTick();
Function to be called within the OnTick() function of the Expert Advisor (EA). Handles logic and actions based on current market conditions and updates.
Initiates the creation of new trading positions ( Vol ) within the specified buy and sell price levels ( BuyPrice , SellPrice ) to capitalize on market movements.
14 Stop:
void Stop();
Stops ( m_IsRunning ) the execution of the trading strategy. Ceases further trading actions until restarted.
15 Running:
bool Running();
Checks if the trading strategy is currently running ( m_IsRunning ). Returns true if the strategy is actively executing trades.
16 LastLongPrice:
double LastLongPrice();
Retrieves the price at which the last long position or order ( m_LastLongTicket ) was initiated. Returns 0 if no such information is available.
17 LastShortPrice:
double LastShortPrice();
Retrieves the price at which the last short position or order ( m_LastShortTicket ) was initiated. Returns 0 if no such information is available.
18 AddTicket:
bool AddTicket(ulong Ticket);Â
Adds a trading ticket ( Ticket ) to the batch of orders managed by the trading strategy. Returns true if the ticket is successfully added.
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