@Fagin, Interesting method you have there. I've worked out and tried averaging down with a global risk method before. But i like the twist with the hedge scalps to pick up extra profit as price picks up more averaging orders. So, if i'm getting this ...

Hedging/averaging trades without prediction

You're welcome! Most people don't even realise that MT4/MT5 has a manual CloseBy function. It should be simple enough to convert to MT5, though the "deals" protocol can be quite annoying (as opposed to orders).

Close All Script using OrderCloseBy()

I've been following this thread closely for a while as I love unorthodox strategies especially pertaining to hedging. I wrote a special set of CloseAllOrder scripts to help us out. What is OrderCloseBy()? It is a function that closes two opposite ...

Hedging/averaging trades without prediction

Hi Jaime, I saw your posts about your EA in the Renko Discussion thread. I have made a few EAs based on Renko though they have not been successful. But they got me started in MQL4. I could probably code this up and test it over a long period since i ...

Recovering an almost lost account ($25.00 dollars)

Hey FXSayWhat, I've been following your thread and looking through your trades. Could you give us some insight into your methodology? I'm not asking for your strategy wholesale. Just certain helpful information like timeframes and what exactly you ...

+1000%? It's Done Now, +10000% next?

I am also exploring this by writing an EA for small renko bricks. Averaging down in both directions with 100 x 0.01 lots in each position.

is Averaging Down Profitable?

I can attempt this on MQL4. Would be good practise as well. Can you write out the rules clearly for me?

Daily green/red candle