Hedge Scalp

Example of Hedge scalping strategy implemented using indicator. The aim of this script is to show implementation of "Hedged Strategy" where Long and Short trades could be opened at the same time.

Strategy description:
- Strategy calculates new EMA every new candle.
- There are 5 grids are calculated based on EMA output: (4 Long Limit Orders and 1 Short Market Order).
- The aim of the strategy is to catch the rapid price movement and take a profit from a price pullback.
- In case new price continue falling there is no Stop Loss for a Long position. The risk is hedged by Short Position so the trade is closed at break-even without actual loss.
- There is only one situation that could really close the trade in loss: when strategy collected all the grids and price rapidly returned back to initial level. In this case Long Position will be closed in profit, however the Short Position will be closed in loss and actual result is Loss.
- Strategy is using hedge mode for trading that allows to open Long and Short orders at the same time.

The original idea of "Hedge" logic calculation on Pine Script is coming from @IntelTrading