Hey fellow traders! Today, I'm excited to share an innovative trading tool that can enhance your trading strategy. The Exp_VortexIndicator_MMRec_Duplex is a powerful Expert Advisor designed for MetaTrader 5. This EA operates with two identical trading systems for both long and short positions, built around the Vortex Indicator. What’s really cool is that you can customize it in various ways, all from within a single EA!
One of the standout features of this EA is its ability to adjust the trade volume based on the outcomes of previous trades. It’s like having a personal trading coach that helps you manage your risk better! The development of this EA took the Exp_VortexIndicator_Duplex trading system to the next level by allowing you to tweak the volume of your open positions intelligently.
Here’s a quick look at the key input blocks you can configure:
input uint L_TotalMMTriger=5; // Number of the last Buy trades to calculate stop loss input uint L_LossMMTriger=3; // Number of losing Buy trades to adjust MM input double L_SmallMM=0.01 // Deposit share for a deal in case of loss input double L_MM=0.1 // Deposit share for a deal during normal trading input MarginMode L_MMMode=LOT; // Lot setting mode
And for the selling side:
input uint S_TotalMMTriger=5; // Number of the last Sell trades to calculate stop loss input uint S_LossMMTriger=3; // Number of losing Sell trades to adjust MM input double S_SmallMM=0.01 // Deposit share for a deal in case of loss input double S_MM=0.1 // Deposit share for a deal during normal trading input MarginMode S_MMMode=LOT; // Lot setting mode
So, how does it work? If you look at the last five trades and see that three of them were losers in the same direction, the EA will open the next trade in that direction with a volume of 0.01 lots. If there are fewer than three losing trades, it will use a volume of 0.1 lots. This dynamic approach helps you manage your risk efficiently!
To get started with the Expert Advisor, make sure to place the compiled VortexIndicator.ex5 files in your <terminal_data_directory>/MQL5/Indicators folder.
For the tests below, we used the default input parameters for the EA, and keep in mind that we didn’t apply Stop Loss and Take Profit during testing.
Fig.1. Examples of deals on the chart with symmetrical settings.
Testing results for 2017 on the EURAUD H8:
Fig.2. Testing results chart.
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