Two-Sided Per-Bar Expert Advisor with Take-Profit Exits

Summary

This Expert Advisor is designed for hedge accounts and holds opposing long and short positions. At each new bar, it closes existing positions and opens a buy and a sell simultaneously. The intended outcome is for one side to reach its take-profit level during the bar, while the other side may benefit if price reverses slightly.

Configurable parameters include initial lot size, a multiplier for increasing volume when positions are already open, a maximum lot cap, take-profit distance in points, and a unique identifier. The description provides no backtest, performance figures, transaction-cost analysis, or risk controls beyond the volume cap. Because both directions are opened and position sizing may increase, actual results would depend on spread, execution, and price movement; the brief description does not establish that the expected reversal behavior is profitable.

Key ideas

• The Expert Advisor requires a hedge account and opens long and short positions together.
• At each new bar, it closes existing positions before opening a new opposing pair.
• The stated exit mechanism is a take-profit level for whichever position moves favorably.
• Inputs control volume, volume scaling, maximum size, take-profit distance, and the EA identifier.
• The description provides no evidence that the approach is profitable after trading costs.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.