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forexeasourcecodes

EX4 EA Profit V10 Trader V2

EX4 EA Profit V10 Trader V2

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Key Differences Between the Two Codes

1. External Parameters

The second code introduces additional parameters to control trading behavior and incorporate the Relative Strength Index (RSI):

  • New Parameters in Second Code:
    • MaxPendingBuy (default: 3): Limits the number of simultaneous BUYSTOP orders.
    • MaxPendingSell (default: 3): Limits the number of simultaneous SELLSTOP orders.
    • SetRSI, RSI_Period (default: 14), RSI_Overbought (default: 70), RSI_Oversold (default: 30): Adds RSI-based conditions for trade entry.
  • Impact: The second code allows more granular control over pending orders and integrates RSI to filter trades, potentially reducing overtrading and improving trade quality.

2. Function Modifications: f0_0() and f0_1() (Order Counting)

  • First Code:
    • f0_0() (counts SELLSTOP orders) and f0_1() (counts BUYSTOP orders) only check if OrderSymbol() == Symbol().
    • No MagicNumber check, meaning they count all orders for the current symbol, regardless of which EA placed them.
  • Second Code:
    • Both functions add a MagicNumber check (OrderMagicNumber() == MagicNumber) to ensure only orders placed by this EA are counted.
  • Impact: The second code is more precise, avoiding interference from orders placed by other EAs or manual trades on the same symbol.

3. New Functions in Second Code

The second code introduces three new functions to enhance trading logic:

  • CheckDrawdownAndHedge():
    • Monitors account drawdown based on PercentToRisk (e.g., 1% of balance).
    • If drawdown exceeds the threshold, it opens a hedging trade (e.g., a SELL order to hedge an open BUY position) with a lot size 1.5x the losing position’s lot size (via CalculateHedgeLotSize()).
    • Hedging trades are placed only if no opposite-direction trades exist (e.g., no SELL if hedging a BUY).
  • CalculateHedgeLotSize():
    • Calculates the lot size for hedging trades by summing the lots of existing orders of the same type and multiplying by 1.5.
  • DeleteInvalidPendingOrders():
    • Deletes BUYSTOP orders if Bid <= EMA and SELLSTOP orders if Bid >= EMA, ensuring pending orders align with the current trend.
  • **IsBullishTrend()andIsBearishTrend()`:
    • Check trend conditions using EMA and RSI:
      • Bullish: Bid > EMA and RSI < RSI_Overbought (70).
      • Bearish: Bid < EMA and RSI > RSI_Oversold (30).
  • Impact: These functions add risk management (hedging), trend filtering (RSI), and order cleanup, making the second code more sophisticated and potentially safer.

4. Main Trading Logic (start() Function)

  • First Code:
    • Checks for BUYSTOP/SELLSTOP conditions based on price movement (iclose_16 > iopen_8 or < iopen_8) and EMA (bid_24 > ima_32 + MaxSpread * Point or < ima_32 - MaxSpread * Point).
    • Places orders without limiting the number of pending orders (only total orders limited by MaxOrder).
    • Uses iopen_8 only if Bars > G_bars_220.
  • Second Code:
    • Integrates new conditions:
      • Limits BUYSTOP orders to MaxPendingBuy and SELLSTOP orders to MaxPendingSell using f0_1() and f0_0().
      • Requires IsBullishTrend() for BUYSTOP and IsBearishTrend() for SELLSTOP, incorporating RSI.
      • Uses iclose_16 > iopen_8 for BUYSTOP and iclose_16 < iopen_8 for SELLSTOP (opposite condition for SELLSTOP compared to the first code).
    • Calls CheckDrawdownAndHedge() and DeleteInvalidPendingOrders() for additional risk management.
    • Always updates iopen_8 (no Bars > G_bars_220 check for iopen_8).
  • Impact: The second code is more selective with trade entries (using RSI and pending order limits), includes hedging, and actively manages pending orders, potentially reducing risk and improving trade accuracy.

5. Display Information (f0_3() Function)

  • First Code:
    • Displays EA information with the link https://t.me/forexeasourcecodes and website https://forexeasourcecodes.com/.
  • Second Code:
    • Updates the Telegram link to @precisiongoldentry and website to https://forexexpertadvisorsourcecodes.fwscart.com/.
  • Impact: Reflects a branding or source change, likely indicating a different distribution or developer.

6. OrderSend Parameters

  • First Code:
    • OrderSend for BUYSTOP uses Ask + Point * Li_0 (where Li_0 = MaxSpread) and for SELLSTOP uses Bid - Point * Li_4 (where Li_4 = MaxSpread).
    • Comment in OrderSend is https://t.me/forexeasourcecodes.
  • Second Code:
    • OrderSend uses Ask + Point * MaxSpread for BUYSTOP and Bid - Point * MaxSpread for SELLSTOP (simplifies by removing Li_0 and Li_4).
    • Comment in OrderSend is @precisiongoldentry.
    • Hedging trades in CheckDrawdownAndHedge() use immediate BUY/SELL orders (not pending) with no expiry.
  • Impact: The second code simplifies the spread calculation and aligns comments with the updated branding. Hedging trades add a new layer of risk management.

7. Code Structure and Style

  • First Code:
    • Uses cryptic function names (e.g., f0_0, f0_1) and variable names (e.g., G_bars_220, Gi_240).
    • Contains commented-out hexadecimal identifiers (e.g., 52D46093050F38C27267BCE42543EF60), possibly for internal tracking.
  • Second Code:
    • Retains similar function and variable names but adds descriptive comments (e.g., // Count open SELLSTOP orders).
    • Adds new functions with clearer names (e.g., CheckDrawdownAndHedge, IsBullishTrend).
    • Removes hexadecimal identifiers, improving readability.
  • Impact: The second code is more readable and maintainable due to added comments and descriptive function names.

8. Trailing Stop (f0_2() Function)

  • First Code:
    • Applies trailing stops to BUY and SELL orders without checking MagicNumber.
  • Second Code:
    • Adds OrderSymbol() == Symbol() && OrderMagicNumber() == MagicNumber to ensure trailing stops apply only to this EA’s orders.
  • Impact: The second code prevents interference with other EAs’ or manual trades, improving specificity.

Summary of Functional Differences

  • Risk Management:
    • The second code introduces hedging (CheckDrawdownAndHedge) and limits on pending orders (MaxPendingBuy, MaxPendingSell), reducing exposure to large drawdowns and overtrading.
    • It deletes invalid pending orders based on EMA, ensuring orders align with the trend.
  • Trade Entry:
    • The second code uses RSI (RSI_Period, RSI_Overbought, RSI_Oversold) to filter entries, potentially improving trade quality.
    • It reverses the SELLSTOP condition (iclose_16 < iopen_8 vs. iclose_16 > iopen_8 in the first code), indicating a possible correction or strategic change.
  • Order Management:
    • The second code ensures only this EA’s orders are counted or modified by checking MagicNumber.
  • Display and Branding:
    • The second code updates the Telegram handle and website, suggesting a change in source or branding.
  • Code Quality:
    • The second code is more readable with added comments and descriptive function names.

Potential Implications

  • Performance: The second code may reduce risk through hedging and stricter trade conditions (RSI, pending order limits) but could miss trades due to additional filters.
  • Robustness: Checking MagicNumber makes the second code more robust in multi-EA or multi-symbol environments.
  • User Experience: The second code’s improved comments and display updates enhance usability and clarity.
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