Spécifications
I am looking to enhance the profitability of my current Expert Advisor (EA) using a Martingale approach with a CCI Indicator (the code is approximately 1200 lines currently) and would like to implement several key improvements. Below, I have detailed the areas where I believe the EA can be optimized and made more effective and i have provided the code in a .txt file:
Note: I would like to run this EA most preferably on the 5M timeframe and on the EURUSD pair but if the returns are good enough any pair should be fine, with an initial account balance of $1,000, i would like the EA to scale with mine account balance thus providing larger returns as the account grows.
1. Optimize Trade Entries and Exits :
- Enhance Signal Detection: Improve the conditions for generating buy and sell signals. Consider adding more indicators or combining multiple indicators (eg, RSI, MACD, Bollinger Bands) to filter out false signals.
- Backtesting and Optimization: Perform extensive backtesting on historical data and optimize parameters such as , , , etc., to find the most profitable settings. Inp_CCI_ma_period InpStopLoss InpTakeProfit
- Adaptive Stop Loss and Take Profit: Implement dynamic stop loss and take profit levels based on market volatility instead of fixed values.
2. Implement Advanced Risk Management :
- Position Sizing: Implement a more sophisticated position sizing strategy, such as the Kelly Criterion or fixed fractional position sizing, to better manage risk.
- Drawdown Control: Introduce a maximum drawdown limit to prevent significant losses. If the drawdown exceeds a certain threshold, the EA should stop trading.
- Diversification: Allow the EA to trade on multiple currency pairs to spread risk.
3.Enhance Execution Efficiency :
- Order Execution Logic: Ensure the EA places orders efficiently by minimizing slippage and ensuring sufficient liquidity.
4.Advanced Trading Strategies :
- Trailing Stop Enhancements: Improve the trailing stop logic to lock in profits more effectively by using techniques such as ATR-based trailing stops.
- Martingale and Anti-Martingale: Implement variations of the Martingale strategy carefully to manage risk and enhance profitability. Consider using an Anti-Martingale strategy to increase trade size after wins instead of losses.
5. Comprehensive Testing and Optimization :
- Backtesting and Optimization: Utilize MetaTrader's built-in optimization tools to backtest and find the optimal settings for input parameters. Consider walk-forward optimization to reduce the risk of overfitting.
- Logging and Monitoring Enhancements: Improve logging to capture more data about trade decisions and outcomes. Implement performance metrics tracking to analyze the EA's performance over time.
Please let me know if you need any further details or clarifications on these points. I look forward to working with you to enhance the performance of the EA.