An indicator ea with Kelly Criterion

MQL4 Эксперты

Техническое задание

the CHT_Value ea.
Buy / Sell rules
Buy when the cht_value bar touches "the buy_level"  

Sell when the cht_value bar touches "the sell_level"

MONEY MANAGEMENT

(K% /5 ) , Kelly ratio divided by 5 .******

Kelly's formula:
K% = W – [(1 – W) / R]
where
K = Kelly ratio percent value which represents the exact percent of the account we should risk on each trade.
W = Winning probability
R = Win/loss ratio
Example:
We analyzed the last 50 trades for a system and found the following:

26 trades were positive ( profitable ) with a total gain of 780 pips
24 trades were negative with a total loss of 600 pips
To get the Kelly ratio:

W = 26/50=0.52
R = (780/26)/ (600/24) =1.2
K% = W – [(1 – W) / R]
K% = 0.52- [(1 – 0.52) / 1.2]
K% = 12%
This means that to maximize the total returns trading this system, we should risk ideally (12% /5) of our account on each trade.
[[[ i,myself,  divided kelly by 5.]]]

The inputs:"the buy_level"  , "the sell_level"  , Divide by :5 , TP  , SL, Max spread, Magic . All inputs are double, not integer.


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