Out of the blue a local robot was created.
This is after intensive readings on Hedging trading. Its no brainer and the robot was created even with a free version of FXDreema. It open trades with 10pips TP both direction and also pending orders on the opposite directions 10 pips apart. It will open new trades (order and opposite pending orders) when a trade hit TPs. Also it will open extra pending orders if there are no pending orders available.
Logistics of trades are expected to be messy with lots of trades around. End of the day, either close all trades (running and pending) and start afresh.
Dont know how successful or failure it can be or the other way around. Its OK not much hope to be given but 2 accts both demos are reserved to see how it will perform.
Best of luck god speed.
Modification (18/9)
The pending orders will close after a certain duration 15m (POs opened when there is no more POs around) and 30m(OPs opened with actual trades)
This will ensure that PO's are not that far off from where the price is. Downside too many closed pending orders in history especially when trading with many pairs.
