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I currently have an Expert Advisor (EA) developed in MQL4 . I would like to enhance its functionality and ensure compatibility with Forex Tester 6 for more efficient backtesting. Below are the specific requirements:
1. Conversion to Forex Tester 6:
- Objective: Convert the existing MQL4 EA to a format compatible with Forex Tester 6.
( existing strategy leverages the Fibonacci Expansion tool within the MetaTrader 4 (MT4) platform to dynamically determine entry and exit points. The process begins with manually setting up the initial range using the Fibonacci Expansion tool, which involves selecting specific swing points on the price chart. A BUY position is initiated when the price reaches a predefined expansion level, such as FE 100. The Stop Loss (SL) is set at a higher expansion level (e.g., FE 150), and the Take Profit (TP) is positioned at a lower expansion level (e.g., FE 0). If the price moves beyond FE 100 and subsequently breaks below FE 0, the Fibonacci range automatically shifts to encompass this new price movement, updating all associated levels accordingly.)
2. Enhanced Functionality:
- Multiple Positions at Different Levels:
- Current Limitation: The EA currently allows only one open position at a time
- Desired Enhancement: Enable the EA to open multiple positions at different predefined price levels. Each position should be managed independently, with its own Stop Loss (SL) and Take Profit (TP) levels.
- Multiple Fibonacci Tools in the Same Direction:
- Current Limitation: The EA functions correctly with only one Fibonacci tool per direction (either long or short).
- Desired Enhancement: Allow the EA to handle multiple Fibonacci tools in the same direction, each operating independently. This means that multiple Fibonacci setups can coexist, and signals from each can trigger trades without interfering with one another.
- Multiple TP and SL Levels:
- Current Limitation: Each position is assigned a single TP and SL.
- Desired Enhancement: Provide the capability to set multiple TP and SL levels for each position. For example, a position could have three TP levels, closing a portion of the trade at each level, and adjusting the SL accordingly.
- Percentage-Based Position Sizing:
- Current Functionality: The EA determines position size based on a percentage of the account balance.
- Desired Continuation: Maintain this functionality for all new positions, ensuring consistent risk management across all trades.
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1
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44
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23
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10
23%
Meşgul
2
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2
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3
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Projeler
447
38%
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92
42%
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18%
Süresi dolmuş
72
16%
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