Parameters

Start / Stop New Trades

  1. Spot Gold Symbol

  2. Spot Future Symbol

  3. Initial Lot Size

  4. Hedge Distance

  5. Lot Sequence

  6. TP for Initial Trade

  7. TP Sequence For Hedge

    TP = Difference of all buy qty and all sell qty * pips

    Include Spread/swap/commission in all transactions

  8. Trigger pairs

    1. Trigger position count
  9. Trade Closure

    1. Last trade Position Count
      1. Add Futures as last trade
        1. Future TP
      2. Close last trade
  10. Parallel trades

    1. Max parallel trades

Initial Lot - 0.02; Hedge distance: 2

  1. Open Buy
    1. Set TP for Buy (TP for Initial Trade)
    2. If the price moves down to the hedge distance, trigger the Hedge trade with the first qty in lot sequence.
Price Buy Sell
100 0.02
  1. Price moves down
    1. Remove the TP for Buy; check for TP for the combined trade
    2. If the price comes to 100, close the initial buy at 0 loss/profit and trigger a buy with the next qty in the lot sequence.
Price Buy Sell
100 0.02
98 0.04
  1. Price comes back to 100
    1. Check for TP for the combined trade
    2. If the price moves back to 98, check if more hedge is to be triggered or pair trades to be triggered. If pair trades
Price Buy Sell
100 0.02 0.08
98 0.04