Hey fellow traders! Today, we're diving into the fascinating world of the ColorXPWMA_Digit Expert Advisor (EA) for MetaTrader 5. This EA combines three independent trading systems, allowing you to adapt your trade volume based on the outcomes of previous trades. So, how does it work? Let’s break it down!
The EA generates trading signals when a bar closes and a trend change is detected, indicated by a color shift in any of the three indicators. This is a game-changer for identifying entry points!
Managing Trade Volumes
You can manage the volumes of open positions through customizable input EA variables. For instance, in the first system, you can set the following:
input uint A_BuyTotalMMTriger=5; // Last 5 Buy trades for stop loss calculation
input uint A_BuyLossMMTriger=3; // Number of losing Buy trades to reduce MM
input uint A_SellTotalMMTriger=5;// Last 5 Sell trades for stop loss calculation
input uint A_SellLossMMTriger=3; // Number of losing Sell trades to reduce MM
input double A_SmallMM=0.01; // Deposit share for losing trades
input double A_MM=0.1; // Deposit share during normal trading
input MarginMode A_MMMode=LOT; // Lot setting mode
With these settings, if you select from the last five trades and find three losses in one direction, the EA will open the next trade in that direction with a volume of 0.01 lots. If there are fewer than three losses, the position volume will be 0.1 lots. Smart, right?
Second Trading System Setup
The second trading system follows a similar structure, allowing you to customize the settings:
input uint B_BuyTotalMMTriger=5; // Last 5 Buy trades for stop loss calculation
input uint B_BuyLossMMTriger=3; // Number of losing Buy trades to reduce MM
input uint B_SellTotalMMTriger=5;// Last 5 Sell trades for stop loss calculation
input uint B_SellLossMMTriger=3; // Number of losing Sell trades to reduce MM
input double B_SmallMM=0.01; // Deposit share for losing trades
input double B_MM=0.1; // Deposit share during normal trading
input MarginMode B_MMMode=LOT; // Lot setting mode
Optimizing Your EA
For the best results, it's recommended to configure each trading system separately by disabling the others using the following parameters:
input bool B_BuyPosOpen=true; // Allow long positions
input bool B_SellPosOpen=true // Allow short positions
You can set them to false if needed.
To ensure the EA operates smoothly, make sure you have the compiled ColorXPWMA_Digit.ex5 indicator file in the <terminal_data_directory>\MQL5\Indicators folder.
Testing Results
The default input parameters with stops were used in the tests showcased below:
Fig. 1. Example trades on the chart
Testing results for USDJPY on H2, H4, and H8 for 2017:
Fig. 2. Test results chart
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