TrendMaster Pro

Version 4.40 Update Highlights:

1. Multiple Stop loss Option: Set multiple stop loss levels for better risk management.
2. Toggle Functionality: Easily switch the multiple stop loss option on or off with a simple toggle, maintaining adaptability to original risk settings.
3. Trail Multiple Stop losses: Now, you can trail multiple stop losses while keeping their original distances intact. This ensures that not all positions are closed during market pullbacks.

Version 4.30 Update Highlights:

1. Optimized Performance: Transitioned to an Object-Oriented Programming paradigm to boost data processing speed and streamline memory utilization.
2. Enhanced Trading Flexibility: Incorporated multiple exit strategies, empowering traders to adapt their tactics in response to evolving market dynamics.
3. User-Controlled Triggers: Enabled manual input for specifying trailing stop and breakeven points, granting users precise control over their trading parameters.
4. Flexible Take-Profit Management: Introduced the option to cancel or set take profit levels with a simple true/false parameter toggle.
5. Break-Even Trigger: Implemented functionality to automatically trigger break-even points, safeguarding profits and minimizing risk.
6. Reversal Signal Exit: Users can now exit positions based on reversal signals, ensuring timely responses to market shifts.
7. Diverse Take-Profit Levels: Added support for multiple take-profit levels, allowing for nuanced profit-taking strategies tailored to individual preferences.
8. Enhanced Interface: Lot mode information is now displayed directly on the panel interface, providing clarity and convenience.
9. Customizable Stop Loss: Transitioned from ATR stop loss to fixed points, offering greater flexibility through manual input.
10. Tailored Profit Objectives: Users can specify the number of take profit levels they intend to open, aligning with their trading objectives.
11. Fine-Tuned Take-Profit Management: Added functionality to cancel or set multiple take profits with a toggle, facilitating efficient management of position exits.
12. Alert System: Implemented alert messages to notify users of attempts to set take profit levels at invalid prices, ensuring accuracy and reliability.
13. Consistent Position Management: Alerts users if the number of take profits is insufficient for the number of open positions, promoting comprehensive position management practices.

Version 4.20 Update!!!
1.The code was converted to an Object-Oriented Programming approach to enhance data processing speed and optimize memory usage.
2. Implemented multiple exit strategies, enabling traders to adjust their strategies based on market conditions.
3. Introduced manual input functionality for specifying trailing stop points and breakeven points trigger.
4. Added functionality to cancel or set take profit by toggling a true/false parameter.
5. Implemented break-even trigger functionality.
6. Implemented functionality to exit at reversal signals.
7. Added multiple take-profit levels for larger lot sizes.
8. Added display of lot mode information on the panel interface.
Notes:
• The system will close 25% of the initial entry, followed by 25% of the remaining position, until reaching the final take-profit level.
• Changing the magic number is necessary when attaching the EA to multiple symbols to facilitate the management of individual positions effectively.

Fixed spread filter function.

Please check the comments and product description for the latest updates.

Improved management of open positions for all types of profit mode.

Increased profit target value for closing all positions.

1. Adjusted the lookback period for calculating true range and average price value.
2. Separated the entry for hedging mode from others.

1. The true range value calculation was stabilized, resulting in improvements to both profit value and risk management functions.
2. Modified the entry condition to focus on breakouts from the extreme price levels observed in the last 24 bars.

The profit target value and lotsize will remain the same when the account balance increase.

Positions are managed as a group.

Improved managing positions function.

Please check the Comment Section for the latest updates and information.

Please check the improvements mentioned in the comment section.

1. Improved lotsize normalization.

Fixed an issue where profitable positions were not being closed.

1. Fixed internal code structure.

Changed the label Highest Acc Bal to Account Balance.

Added Graphical Panel.

Refer to the comment section to view the improvements.

1. Fixed the profit value for standard account.

1. The profit value is directly tied to the maximum initial lot size utilized. This means that when the initial lot size reaches its maximum calculated value, the profit earned will be based on that maximum value. As the account balance grows over time, the risk associated with trading gradually decreases. This occurs because the risk-to-profit ratio remains constant at this point.

1. Improvements have been made to the lot size calculation. Now, when the multiplied lot size reaches its maximum, it will remain proportional. For instance, if the maximum lot size is 100 lots and the multiplier per trade is 2.0, the maximum base lot size will be 50 lots to maintain a proportional relationship.

1. Doubled the commission value in order to account for users whose brokers charge the commission right after opening a position, ensuring a positive outcome in the profit calculation.

1. Simplified alert messages to avoid confusion.

1. Added a product logo and description in the "common" tab when launching the EA.

1. Updated the property link to direct users to my products in MQL5.

1. Added more entry conditions.

1. Optimized custom indicators.

1. Optimized calculation for Choppiness Index Indicator.

1. Fixed minor issue on possible error for closing of positions.
2. Fixed the EA closing the profitable positions even if the exit condition is not met.
3. Added hedging condition if the trend didn't continue.

1. The normalized lot sizing and profit values in both standard accounts and micro accounts are now matched.

1. Implemented a minimum account balance of $1000 for standard accounts to open trades, unless it will not. The EA will automatically check the account type. If you are using a micro account, this requirement does not apply. This measure is intended to protect users who do not follow the recommended parameters and ensure the safety of their accounts.
2. Limiting the maximum value for lot-sizing percentage input. The maximum allowed value is 0.10, but users can choose a lower value, not higher. This safety measure is implemented for user protection.

1. The hedging opportunity was enhanced by substituting the Vidya Trend indicator with the Elders Force Index.
2. The number of previous bars or elapsed bars was reduced to enable the execution of the trade.
3. The virtual stoploss was eliminated to enable the trade to unfold without being prematurely stopped out during price retracements.

1. Simplified the trade information displayed at the upper left of the chart while the Expert Advisor is running.
2. Improved entry frequency for hedging losses by replacing RSI with the Choppiness Index to avoid entering hedge positions during ranging markets.
3. Adjusted threshold values for the following input parameter:

Max symbol percent drawdown:
Previous maximum value: 30%
Updated maximum value: 15%

1. Improved drawdown management.

1. Corrected a minor issue where a specific condition for hedge entry was not functioning properly.

1. Swap fees are included in the calculation of profit.

Attention! This is a crucial update.

1. The EA now possesses Multiple Currency capability, allowing indirect hedging of all positions associated with it.

2. It is important to note that the Magic Number and Trade Comment should not be altered when attaching the EA to multiple currencies. The EA will automatically verify the position's symbol. Only modify the magic number and trade comment if the EA is attached to the same symbol in a different timeframe.

Example of Correct Settings:

• Gold: Magic Number: 102098
Trade Comment: TrendMaster Pro
• USDJPY: Magic Number: 102098
Trade Comment: TrendMaster Pro
• GBPJPY: Magic Number: 102098
Trade Comment: TrendMaster Pro

The objective is to ensure that all magic numbers and trade comments match for the same EA attached to a symbol. Otherwise, the update will not function as intended.

3. An additional input parameter has been incorporated: "max symbol percent drawdown." This new feature allows the EA to monitor a specific symbol and check if its drawdown reaches the default threshold of 10%. If the symbol drawdown is met, the EA will then wait and assess if the entire account is profitable. If the account is in profit, the EA will close all positions associated with it.

Please note that this update serves as a protective measure for the account, mitigating potential drawdowns in the future.

1. Implemented hedging to close losing entries and achieve an average profit.
2. Incorporated a Maximum drawdown function for the EA.
3. Added a multiplier for the hedge entry lot size to facilitate position closure, with a minimum of 1.0 and a maximum of 3.0.
4. Included Profit Points, representing the average price at which losing positions are closed. The default value is 20, with a maximum of 200 points.

1. A custom indicator has been integrated into the main chart to enhance visual representation.

1. Added a function for verifying trade comments to determine a position.

The input parameters have been optimized to make them more user-friendly. Lotsizing has been improved by calculating it based on a percentage of the account balance. Furthermore, the ability to add to existing positions has been removed to enhance reliability.