(version 2.0) <-- Valid up to version 5.62 of BlueSwift GridRescue
Part 1: https://www.mql5.com/en/blogs/post/752485
Part 2: https://www.mql5.com/en/blogs/post/753431
Part 3: (here)
This is the user manual for using BlueSwift’s Grid Rescue Expert (‘BlueSwift’).
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(continued from part 2)
2.5 Rescue Plus (Average/Hedge) Section
This section allows the user to submit averaging and/or hedging orders against the running grid to be rescued. Averaging/hedging orders use tracked grid orders as entry signals. When the tracked grid reaches a certain “level” (or “layer”). RescuePLUS opens averaging/hedging orders as such levels (these levels can be specified separately for averaging and hedging trades). Average trades can be used to cover occasional losses due to other rescue modes such as CritClose and HardClose modes, and hedge trades can be used to reduce grid exposure.
If market prices go against the direction of these averaging/hedging trades, users will have the option of allowing them to extend these trades to their own grid series as well. This is tracked and managed by GridRescue using internal magic.
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