Simple Hedge Replace EA1.0

EALegit summary — unaudited listing

Simple Hedge Replace EA is a MetaTrader 5 expert advisor primarily intended for XAUUSD (optimizable for other symbols). It places a Buy Stop and Sell Stop a set distance from price; when one is triggered, the opposite order is deleted and replaced at the same level with the next lot size in a Fibonacci progression (0.01, 0.02, 0.03...), building a basket of hedged positions as price oscillates. Exits are managed via a dynamic trailing mechanism on the combined basket profit, with a daily profit target that halts trading, a maximum drawdown equity kill-switch, and an emergency stop-loss that applies only at the 15th Fibonacci step. The logic is price- and distance-based, so no specific timeframe is required, and the seller recommends a minimum balance of 200 USD with leverage of 1:100 or higher.