Multi-Symbol & Multi-Strategy Expert Advisor

An Expert Advisor that combines counter-trend trading strategies with Keltner Channel analysis to execute trades on multiple currency pairs, providing robust risk management and dynamic trade execution. This is an example of a Multi-Strategy Multi-Symbol EA that can serve as an 'All-Weather' EA.

5/16/20243 min read

Features

Dual Strategy Integration: Combines counter-trend trading with Keltner Channel analysis to identify optimal entry and exit points.

Break Even and Trailing Stops: Configurable break even and trailing stop mechanisms to lock in profits and minimize losses.

Advanced Risk Management Algorithm: Incorporates ATR-based money management and customizable risk percentage settings to optimize trade size and risk exposure.

Multi-Symbol Support: Supports trading on multiple currency pairs with individual settings for each pair.

Automated Trade Management: Uses algorithms to manage open trades dynamically, adjusting stop loss and take profit levels based on market conditions.

Functionality

Keltner Channel Strategy (Strategy 1):

  • Entry Conditions: Utilizes Keltner Channels to identify breakout points for initiating trades. Buys are triggered when price breaks above the upper Keltner Channel, and sells are triggered when price breaks below the lower Keltner Channel.

  • Stop Loss and Take Profit: Configurable stop loss and take profit levels for each trade. Additionally, the EA can move stop losses to break even and trail stops based on price movements.

  • Multi-Symbol Trading: Supports up to four different currency pairs, each with its own specific settings and indicators.

Daily Counter Trend Strategy (Strategy 2):

  • Entry Conditions: Identifies counter-trend opportunities based on daily high and low levels. Buys are triggered when the price moves above a recent low, and sells are triggered when the price moves below a recent high.

  • Stop Loss and Take Profit: Similar to Strategy 1, it offers configurable stop loss and take profit levels, as well as break even and trailing stop options.

  • Multi-Symbol Trading: Supports up to three different currency pairs, each with its own specific settings and indicators.

  • Risk Management:

    • Money Management: Utilizes ATR-based money management to adjust trade size based on market volatility and account balance. Traders can choose between using equity or a fixed balance for lot size calculations.

    • Dynamic Adjustments: Adjusts trade parameters dynamically based on real-time market data, ensuring optimal risk-reward ratios.

Optimization

General Input Variables:

  • Break Even Settings: Configurable options for when to move stop losses to break even and by how many pips.

  • Trailing Stop Settings: Define when to start trailing stops and the distance for the trailing stops.

Strategy 1 (Keltner Channels):

  • MA Periods: Adjust the moving average periods for the Keltner Channel calculations.

  • Stop Loss and Take Profit Pips: Set the distance in pips for stop losses and take profits for each currency pair.

  • Risk Management: Configure ATR multipliers, fixed balance amounts, fixed risk money, and percentage of funds to risk.

Strategy 2 (Daily Counter Trend):

  • Indicator Timeframes: Select the timeframes for trading and indicator analysis.

  • Stop Loss and Take Profit Pips: Similar to Strategy 1, these settings can be optimized for each currency pair.

  • Risk Management: Configure ATR multipliers, fixed balance amounts, fixed risk money, and percentage of funds to risk.

Code Snippets

High Levels of Customization

Snippet of OnTimer function for Keltner Channel

Snippet of OnTimer function for Daily Counter Trend

Key Takeaways

The Daily Counter Trend + Keltner Channels EA leverages the strengths of both counter-trend trading and Keltner Channel analysis, providing a versatile and robust trading solution. The multi-symbol and multi-strategy capabilities offer several key advantages:

  • Diversification: Trading multiple currency pairs reduces risk by spreading exposure across different markets, enhancing overall portfolio stability.

  • Enhanced Profitability: Combining two distinct strategies—counter-trend and Keltner Channel breakout—allows the EA to capture a wider range of trading opportunities, increasing potential profits.

  • Adaptive Risk Management: Advanced risk management features, including ATR-based money management and customizable stop loss and take profit settings, ensure that the EA adapts to changing market conditions.

  • Robust Trade Management: Automated trade management with break even and trailing stop mechanisms helps lock in profits and minimize losses, optimizing trade outcomes.

  • Customizability: Extensive parameter settings for each strategy and symbol enable precise tuning to match individual trading styles and risk tolerance.

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