MQL5 Algo Trading
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Developing a risk manager class involves setting parameters to control trading losses on a daily and total basis. The implementation starts with defining balance-related metrics such as base balance, daily base balance, and daily level. Trading should be suspended when exceeding predefined loss limits, with parameters set as fixed values or percentages. The CVirtualRiskManager class manages this process, handling maximum daily and total loss calculations, and providing methods to update profits and positions safely.

The class ensures that the risk manager's state adjusts to trading conditions and supports programmatic implementation for both manual and algorithmic trading. Additional modifications to existing systems integrate these risk management functions, enhancing overall trading strategy resilience. Testing with model strategy parame...
#MQL5 #MT5 #RiskManagement #TradingStrategy

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Navigating volatile markets requires robust strategies; combining VWAP with Fibonacci retracement offers a dynamic approach for MetaTrader 5 developers. The integration of VWAP's volume-backed insights with Fibonacci's historical price levels enhances signal accuracy, reducing false alarms. This system operates through MQL5 EAs and a Python server, exchanging data to generate signals. A buy signal occurs when VWAP is below mid-range Fibonacci, and sell signals occur when above, aligning volume and price action. This solution offers traders precise decision-making tools and demonstrates technical synergy between MQL5 and Python for effective trading insights and visualization.
#MQL5 #MT5 #Fibonacci #TradingStrategy

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