Welcome, fellow traders! Today, we’re diving into the world of the Exp_AdaptiveRenko_Duplex, a versatile trading system designed specifically for MetaTrader 5. This EA (Expert Advisor) is built to handle both long and short positions by leveraging the powerful signals from the AdaptiveRenko indicator, allowing you to maximize your trading potential.
Understanding the Setup
What sets this EA apart is its dual trading systems, each tailored for different market conditions. The input parameters are designed to be intuitive, split into two main categories:
- Long Positions: Parameters prefixed with L are for managing trades when the market is on the rise.
- Short Positions: Parameters starting with S are for those moments when it’s time to capitalize on a declining market.
Input Parameters for Long Operations
//+----------------------------------------------+ //| EA inputs for long operations | //+----------------------------------------------+ input uint L_Magic=777; //L magic number input double L_MM=0.1; //L share of a deposit in a deal input MarginMode L_MMMode=LOT; //L lot size calculation method
Input Parameters for Short Operations
//+----------------------------------------------+ //| EA inputs for short operations | //+----------------------------------------------+ input uint S_Magic=555; //S magic number input double S_MM=0.1; //S share of a deposit in a deal input MarginMode S_MMMode=LOT; //S lot size calculation method
Keep in mind, these two systems operate independently of each other, and the magic numbers ensure that they don’t interfere with one another. The reality of financial markets is that they’re rarely symmetrical, so having distinct parameters for both rising and falling markets is crucial.
Configuration Tips
To effectively set up your EA, start by testing one trading system at a time. Disable the other system using the appropriate switches. Here’s how:
input bool L_PosOpen=true; //L Permission to enter long positions input bool L_PosClose=true; //L Permission to exit long positions
Once you’ve got the hang of one system, repeat the process for the second. It’s all about getting the settings just right!
Important Notes
For the EA to function properly, ensure that the compiled AdaptiveRenko.ex5 file is located in your <terminal_data_directory>\MQL5\Indicators.
During testing, we used the default parameters for this Expert Advisor, and no Stop Loss or Take Profit was utilized. Below you can see some testing results.
Testing Results
Here’s a snapshot of the trading outcomes over the year 2017 for the USDJPY on the H4 timeframe:
Fig. 1. Examples of deals on the chart with symmetrical settings
Fig. 2. Testing results chart
Fig. 3. Examples of deals on the chart with non-symmetrical settings
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