BlueSwift GridRescue – MT4/MT5 – User Manual (PART 3) – Analytics & Forecasts – 9 July 2023

(Version 2.0) <– to be valid for up to BlueSwift GridRescue’s version 5.62

Part 1: https://www.mql5.com/en/blogs/post/752485
Part 2: https://www.mql5.com/en/blogs/post/753431
Part 3: (here)

–a product by BluesAlgo Ltd 2023 

This is user manual for using BlueSwift’s Grid Rescue Expert (‘BlueSwift’)

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(CONTINUE from Part 2)

2.5 RESCUE PLUS (AVERAGE / HEDGING) SECTION

Description

This section allow user to place Averaging and/or Hedging orders for/against a running grid being rescued. The Averaging / Hedging orders will use the tracked grid’s order as entry signal. When the tracked grid reach a certain “level” (or “layer”). RescuePLUS will open Averaging/Hedge orders as such level (these levels can be specified for Averaging and Hedging trades separately). Averaging trades can be used to compensate for the occasional loss from other rescue modessuch as CritClose or HardClose mode while Hedging trades can be used for reducing the grid exposure.

If market price go against the direction of these Averaging/Hedging trades, user would have the option to allow these trade extended into their own grid series as well – which would also be tracked and managed by GridRescue using their internal magics