VaniganMT4

Core Trading Strategy

1. Sideways Market Detection

   • Uses ADX (Average Directional Index) to identify non-trending markets

   • ADX < ADX_Thresh (25.0) → Sideways market

   • ADX >= ADX_Thresh → Trending market (no trades)

2. Entry Signals

   • RSI (Relative Strength Index) for entry triggers:

     • RSI < Oversold (30) → Buy Signal

     • RSI > Overbought (70) → Sell Signal

   • Trades only execute in sideways markets ( ADX < 25 )

Risk & Money Management

1. Lot Size Calculation

   • Fixed Lots: LotSize if UseMM = false

   • Money Management: Risk-based sizing if UseMM = true :

     mql4

1. • SL = Entry ± SL_Points (150 pts)  
     TP = Entry ± (SL_Points × ProfitRatio) // e.g., 300 pts

2. Margin Safeguards

   • MaxLotsByFreeMargin() prevents Error 134 (insufficient margin)

   • Uses broker margin requirements + free margin checks

Trade Execution Logic

1. New Bar Enforcement

   • Trades only trigger on new candle (prevents duplicate signals)

2. Concurrency Limits

   • Max 3 concurrent trades (adjustable via MaxTrades )

3. Error Handling

   • Validates prices, margins, and order errors (e.g., logs OrderSend failures)

Dashboard & UI Controls

1. Real-time Metrics

   • Market state (Sideways/Trending)

   • ADX/RSI values with color-coded alerts

   • Price, open trades, reward/risk ratio

   • Manual SL/TP levels

2. Hotkey Controls

   • F4: Toggle Trading On/Off

   • F1/F2/F3: SL/TP overrides

3. Status Indicators

   • Trading enabled/disabled (red/green)

   • MM/Auto-SLTP status

Advanced Features

1. Broker Compatibility

   • Handles 4/5-digit pricing, fractional pips

   • Normalizes lots/sl/tp to broker specs

2. Minimum Stop Enforcement

   • Adjusts SL/TP to meet MODE_STOPLEVEL

3. Dynamic UI

   • Dashboard auto-updates every tick

   • Objects cleanly removed on EA removal

Key Input Parameter