Enhancement of Expert Advisor with Trailing Stop, Drawdown Protection, and Daily Profit Target

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実行時間7 日
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Developer was professional in his work and demonstrated patients ensuring his work was done satisfactory. Patience is the key that give birth to the best.
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thank you

指定

Program Requirements Summary for the Programmer

Objective:
Enhance the Expert Advisor (EA) operating on candlestick formations by adding the following features:

Trailing Stop to lock in profits.
Drawdown Protection to halt trading if the account experiences a 10% drawdown.
Daily Profit Target that allows the robot to stop automatically once a preset profit (e.g., $30 or $40) is achieved.
Key Features and
Requirements:

Trailing Stop:
Purpose: Lock in profits by dynamically adjusting stop-loss as the market moves in favor of the trade.

Parameters:
TrailingStop (default: 5 points).
TrailingStep (default: 10 points).

Logic:
For BUY orders: Move stop-loss up when the price rises by TrailingStop points.
For SELL orders: Move stop-loss down when the price falls by TrailingStop points.
Drawdown Protection:
Purpose: Halt trading if the account drawdown exceeds 10%.

Parameter:
MaxDrawdownPercent (default: 10%).
Logic:
Monitor drawdown based on initial balance:
makefile
Copy code
Drawdown = ((InitialBalance - CurrentBalance) / InitialBalance) * 100
If drawdown exceeds 10%, disable new trade entries and display: "Max Drawdown Limit Exceeded. Trading Halted."

Daily Profit Target:
Purpose: Allow the robot to stop trading once a specified daily profit target is achieved, e.g., $30-$40.

Parameter:
DailyProfitTarget (default: $30).
MaxProfit (default: $40, adjustable based on user preference).

Logic:
Track cumulative profit throughout the day.
Once the profit reaches the DailyProfitTarget or MaxProfit (user-defined), stop all new trade entries for the day and display: "Daily Profit Target Reached. Trading Stopped."
Allow existing trades to close based on the trailing stop or other exit criteria.

Integration Points:
Candlestick Formation Logic: The existing candlestick formation logic remains unchanged. This includes the pattern detection (e.g., bullish/bearish engulfing, hammer, etc.) for trade entry decisions.

Trailing Stop and
Drawdown Protection: Should integrate seamlessly with the current EA, providing enhanced risk management and locking in profits.

Daily Profit Target: Ensure that once the target is reached, no new trades are executed, and the robot pauses until manually resumed.

ファイル:

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