🚀 FX Live Trade Break: Adapting to Change and Implementing New "Inspirations"
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Hi everyone! Following the conclusion of our 6th trade, I have implemented a significant update to the EA (Expert Advisor). The purpose of this update is twofold: adapting to changes in the external environment and incorporating new technical insights.
These changes have already been applied to the MT4/MT5 versions of the "NinpaPlatform.stop" software.
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1. Adapting to Environmental Changes: Strengthening System Monitoring
Due to a specification change in Rakuten MT4, the login session is now disconnected every weekend for maintenance. To prevent human error during re-login, I have added a monitoring program that triggers on-screen alerts and email notifications whenever there is a change in the following three items:
- Trade Permission: Whether automated trading is currently allowed.
- Server Connection: Whether the platform is successfully connected to the server.
- Market Status: Whether the market is currently open for trading.
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2. Incorporating "Inspirations": Improving the Stochastics Logic
The EA currently utilizes three sub-programs that generate order signals based on different indicators. In the sub-program using Stochastics, I identified a risk where "buy" signals were being generated at market peaks (ceilings), leading to a high potential for significant losses.
To mitigate this risk, I have introduced a "counter-trend" (contrarian) adjustment.
🛠 Update to Filter Settings
Each sub-program is equipped with filters, categorized into two types: "Oscillator-type" and "Trend-type". For the logic using Stochastics, I have implemented a "Trend-type" filter to optimize signal handling based on the market state (Range/Box, Intermediate, or Trend).
While the trend state settings previously included "0, ±1, 3, 4, 5, 6," I have now added Setting "2" and applied it to the Stochastics logic.
- Previous Setting (3): Only signals moving in the direction of the trend are used.
- New Setting (2): When a signal appears in the opposite direction of the trend, it is converted and utilized as a counter-trend signal in the direction of the overall trend.