Forex Magnetic EA MT4

Forex Magnetic EA MT4 v1.8 Update Changelog

Risk Management Enhancements

Modified drawdown protection thresholds:

Increased maxDrawdownLimitPercent from 29% to 50%

Reduced maxtradeLimit from 90 to 75 simultaneous positions

Visual Improvements

Implemented standardized box-style section headers

Added consistent secondary title formatting ("── Title ──")

Optimized parameter comments with bullet-point alignment

Improved spacing and visual hierarchy

Code Structure Updates

Maintained all core trading algorithms

Preserved original EA functionality

Ensured full backward compatibility

MT4-Specific Optimizations

Removed unsupported Unicode characters

Adjusted formatting for optimal MetaEditor display

Verified parameter window alignment

This update focuses on risk parameter adjustments and visual refinements while maintaining the EA's core trading logic. All modifications have been tested for stability in MetaTrader 4 environments.

Forex Magnetic EA MT4 v1.7 Update Changelog

Risk Management Enhancements

Modified drawdown protection thresholds:

Increased maxDrawdownLimitPercent from 29% to 50%

Reduced maxtradeLimit from 90 to 75 simultaneous positions

Visual Improvements

Implemented standardized box-style section headers

Added consistent secondary title formatting ("── Title ──")

Optimized parameter comments with bullet-point alignment

Improved spacing and visual hierarchy

Code Structure Updates

Maintained all core trading algorithms

Preserved original EA functionality

Ensured full backward compatibility

MT4-Specific Optimizations

Removed unsupported Unicode characters

Adjusted formatting for optimal MetaEditor display

Verified parameter window alignment

This update focuses on risk parameter adjustments and visual refinements while maintaining the EA's core trading logic. All modifications have been tested for stability in MetaTrader 4 environments.

Forex Magnetic EA MT4 v1.6 Update Changelog

Risk Management Enhancements

Modified drawdown protection thresholds:

Increased maxDrawdownLimitPercent from 29% to 50%

Reduced maxtradeLimit from 90 to 75 simultaneous positions

Visual Improvements

Implemented standardized box-style section headers

Added consistent secondary title formatting ("── Title ──")

Optimized parameter comments with bullet-point alignment

Improved spacing and visual hierarchy

Code Structure Updates

Maintained all core trading algorithms

Preserved original EA functionality

Ensured full backward compatibility

MT4-Specific Optimizations

Removed unsupported Unicode characters

Adjusted formatting for optimal MetaEditor display

Verified parameter window alignment

This update focuses on risk parameter adjustments and visual refinements while maintaining the EA's core trading logic. All modifications have been tested for stability in MetaTrader 4 environments.

Forex Magnetic EA MT4 v1.5 Update Changelog

Risk Management Enhancements

Modified drawdown protection thresholds:

Increased maxDrawdownLimitPercent from 29% to 50%

Reduced maxtradeLimit from 90 to 75 simultaneous positions

Visual Improvements

Implemented standardized box-style section headers

Added consistent secondary title formatting ("── Title ──")

Optimized parameter comments with bullet-point alignment

Improved spacing and visual hierarchy

Code Structure Updates

Maintained all core trading algorithms

Preserved original EA functionality

Ensured full backward compatibility

MT4-Specific Optimizations

Removed unsupported Unicode characters

Adjusted formatting for optimal MetaEditor display

Verified parameter window alignment

This update focuses on risk parameter adjustments and visual refinements while maintaining the EA's core trading logic. All modifications have been tested for stability in MetaTrader 4 environments.

Forex Magnetic EA MT4 v1.4 Update Changelog

Risk Management Enhancements

Modified drawdown protection thresholds:

Increased maxDrawdownLimitPercent from 29% to 50%

Reduced maxtradeLimit from 90 to 75 simultaneous positions

Visual Improvements

Implemented standardized box-style section headers

Added consistent secondary title formatting ("── Title ──")

Optimized parameter comments with bullet-point alignment

Improved spacing and visual hierarchy

Code Structure Updates

Maintained all core trading algorithms

Preserved original EA functionality

Ensured full backward compatibility

MT4-Specific Optimizations

Removed unsupported Unicode characters

Adjusted formatting for optimal MetaEditor display

Verified parameter window alignment

This update focuses on risk parameter adjustments and visual refinements while maintaining the EA's core trading logic. All modifications have been tested for stability in MetaTrader 4 environments.

Forex Magnetic EA MT4 v1.3 Update Changelog

Risk Management Enhancements

Modified drawdown protection thresholds:

Increased maxDrawdownLimitPercent from 29% to 50%

Reduced maxtradeLimit from 90 to 75 simultaneous positions

Visual Improvements

Implemented standardized box-style section headers

Added consistent secondary title formatting ("── Title ──")

Optimized parameter comments with bullet-point alignment

Improved spacing and visual hierarchy

Code Structure Updates

Maintained all core trading algorithms

Preserved original EA functionality

Ensured full backward compatibility

MT4-Specific Optimizations

Removed unsupported Unicode characters

Adjusted formatting for optimal MetaEditor display

Verified parameter window alignment

This update focuses on risk parameter adjustments and visual refinements while maintaining the EA's core trading logic. All modifications have been tested for stability in MetaTrader 4 environments.

Forex Magnetic EA v1.2 Update Summary
The latest update to the Forex Magnetic EA v1.2 introduces several key improvements and optimizations to enhance its performance, reliability, and adaptability for live trading. Below is a detailed explanation of the changes:

1. Enhanced Drawdown Management
What’s New: The EA now includes a more robust drawdown management system. It calculates the maximum allowable drawdown based on a percentage of your account balance (maxDrawdownLimitPercent).

Why It Matters: This ensures that your account is protected from excessive losses during unfavorable market conditions. The EA will pause trading if the drawdown exceeds the defined limit, helping to preserve your capital.

2. Smart Recovery Mechanism
What’s New: The EA now incorporates a smart recovery system that waits for specific market conditions before resuming trading after a drawdown pause. It identifies:

Higher Low (HL) for buy trades.

Lower High (LH) for sell trades.

Why It Matters: This prevents the EA from immediately re-entering trades after a pause, reducing the risk of further losses. It ensures that trades are only executed when the market shows clear signs of recovery.

3. Dynamic Timeframe Analysis
What’s New: The EA uses the current chart timeframe (PERIOD_CURRENT) for all price analysis, including the identification of HL and LH patterns.

Why It Matters: This makes the EA adaptable to any timeframe you are trading on, ensuring consistency and accuracy in its analysis regardless of the chart settings.

4. Trading Hours Filter
What’s New: The EA includes a trading hours filter (HourToStartTrading and HourToStopTrading) to ensure it only operates during your specified trading window.

Why It Matters: This feature allows you to avoid trading during high-volatility or low-liquidity periods, reducing unnecessary risks.

5. Optimized Code Structure
What’s New: The code has been fully optimized for efficiency and stability. It uses static variables and flags (hasPaused, isWaitingForConfirmation) to manage its state effectively.

Why It Matters: The optimized structure ensures smooth operation, minimizes resource usage, and reduces the likelihood of errors during live trading.

6. Customizable Parameters
What’s New: Key parameters such as maxDrawdownLimitPercent, pauseDurationInDays, and trading hours are fully customizable.

Why It Matters: This allows you to tailor the EA to your specific risk tolerance and trading strategy, making it more versatile and user-friendly.

7. Live Trading Readiness
What’s New: The EA has been thoroughly reviewed and tested to ensure it is ready for live trading. All built-in indicators (e.g., iLow, iHigh) function correctly and efficiently.

Why It Matters: You can confidently deploy the EA in live trading environments, knowing it has been rigorously tested for stability and performance.

How to Use the Updated EA
Set Parameters: Adjust the following parameters in the EA settings:

maxDrawdownLimitPercent: Define the maximum drawdown limit as a percentage of your account balance.

pauseDurationInDays: Set the number of days the EA should pause trading after hitting the drawdown limit.

HourToStartTrading and HourToStopTrading: Define your preferred trading hours.

Attach to Chart: Attach the EA to your desired chart with the preferred timeframe.

Monitor Performance: Regularly review the EA’s performance and adjust parameters as needed.

Why This Update Matters
The Forex Magnetic EA v1.2 is now more intelligent, adaptive, and reliable. It combines advanced risk management with smart recovery logic to help you trade more safely and effectively. Whether you’re trading manually or relying on automation, this update ensures your EA is equipped to handle dynamic market conditions.

This update introduces significant improvements to the EA's risk management and trade optimization features. Key changes include:

Dynamic Stop-Loss and Trailing Stop Functionality:

Added a dynamic stop-loss feature that sets the stop-loss at Dynamic pips from the open price for all trades.

Implemented a trailing stop mechanism that activates only for the first trade when the profit reaches at least 300 pips. The trailing stop locks in profits by moving the stop-loss 50 pips behind the current price, ensuring it remains in positive profit territory.

Enhanced Martingale Strategy Support:

The trailing stop is disabled for Martingale trades (second trade and beyond), ensuring that only the first trade benefits from the trailing stop feature.

Fixed stop-loss at Dynamic pips is applied to all Martingale trades for consistent risk management.

Improved Error Handling and Debugging:

Added detailed error logging and debugging statements to help users monitor and troubleshoot order modifications.

Enhanced the EA's ability to handle trade context busy errors by implementing retry logic with delays.

Optimized Performance:

Streamlined the code for better performance and reliability.

Ensured all prices are normalized to the correct number of decimal places to avoid errors during order modifications.