(binned per thread starter's request) EA Toolkit - All in One Bas

Introducing The EA Toolkit - Your All-in-One Trading Solution
Welcome to the official thread for the EA Toolkit on Forex Factory!
Are you ready to explore a comprehensive trading tool engineered to enhance your trading experience? Look no further than the EA Toolkit - an advanced Expert Advisor designed for the MT4 platform. Whether you're a seasoned trader or just starting your journey, the EA Toolkit offers a versatile approach to automated trading.

Demo Version Available:
In future update of this post, you'll find the updated demo version of the EA Toolkit, fully functional and available for testing in demo accounts. Experience the power of the EA Toolkit firsthand and discover how it can revolutionize your trading strategies. Each new version of the EA Toolkit will have a one-month activation period, allowing you to explore its features and provide feedback before the next release.

Your Contributions Matter:
Your feedback and bug reports are crucial in shaping the future of the EA Toolkit. As you test the demo version, please share your experiences, suggestions, and any issues you encounter. Your contributions will help improve the EA Toolkit and ensure it meets the needs of traders like you.

Synced Updates with MQL4 Store:
The EA Toolkit will soon be available in the MQL4 store, where it will undergo regular updates and enhancements in sync with the demo version. The introductory price in the MQL4 store will be the minimum for the first 100 copies sold. After that, the price may change whenever a power of 10 sales is attained. Rest assured that any updates and publications related to the EA Toolkit will be promptly reported here in this thread. Stay tuned for announcements and news about new features, optimizations, and more.

Acknowledgments:
Before we delve into the details of the EA Toolkit, I want to extend my heartfelt gratitude to the Forex Factory community for their unwavering support and invaluable contributions.

I also wish to express my sincere appreciation to the creator of the Millionaire Expert (save as EA) (https://www.forexfactory.com/thread/1038866-millionaire-expert-save-as-ea?goto=lastpost) project, Macd-rsi (https://www.forexfactory.com/macd-rsi), for their groundbreaking work and the inspiration it provided for the development of the EA Toolkit. Their innovative ideas and insights have served as a guiding light throughout this journey, and I am truly grateful for their generosity and collaboration.

Macd-rsi (https://www.forexfactory.com/macd-rsi), your trust and encouragement have been instrumental in shaping the evolution of the EA Toolkit, and I am honored to have had the opportunity to build upon the foundation you laid. Your spirit of camaraderie and the collaborative ethos of the Forex Factory community have been a source of inspiration and motivation every step of the way.

Join Us on this Journey:
In the upcoming posts, which I expect to all be posted before April 1st, 2024, we'll delve into a detailed exploration of the EA Toolkit, uncovering its extensive functionality as a comprehensive trading toolkit for MetaTrader 4. After that, I will publish the EA.
Join us on this journey as we unlock the full potential of the EA Toolkit and revolutionize automated trading together!

Status: Alpha Version
The status of the program is based on the feedback and the number of bugs detected by the community and in resolution.

The User Interface

The Input Parameters - Start Trade Setup

The input parameters are organized in the same manner as they are presented in the control panel. The only distinction is that the control panel provides a summary of the trading activity at the top.

Basic Trading Settings
This settings apply to all pairs

Lots per Equity: This setting allows you to control the lot size based on the maximum number of trades per active pairs for trading that you set up to have simultaneously. By specifying this value, you dynamically adjust the lot size relative to the available equity of the trading account. For instance, setting it to 0.01 lots per $5000 (the value entered) equity assumes that the user aims to have approximately four trades per active pair out of the 28 pairs available. This dynamic adjustment helps optimize risk management by scaling position sizes relative to the account equity and the desired number of concurrent trades.

Justice Check: When enabled, this feature automatically adjusts the grid size for each pair based on the grid size defined for EURUSD and the average ATR (Average True Range) of EURUSD relative to other pairs. This adjustment helps optimize trading parameters according to market volatility.

Pips vs. BPS (Base Points): This option allows you to choose between using pips or percentage base points for defining settings. When checked or set to 1, the EA will use percentage base points instead of pips. This provides flexibility in defining parameters based on percentage changes rather than fixed pip values.

The following settings can be applied to each pair

Pair/Order Grid Settings

Running Strategy: Determine the operational strategy.

1. Classic Grid: Initiate new trades regardless of indicators, provided the reference price is a specified distance (in pips) away from the last price in a given direction. New trades are always outside the price range of active trades.

2. Timed Grid (1 or 3): Similar to Classic Grid, but any trade initiated ends after a predefined duration.

3. Indicator-based Grid: Base trade direction on indicator formulas.

4. Retracement Strategy: Close the last sell or buy trade within the grid to open a new trade in the opposite direction of price movement.

5. Trend-following Strategy: Close the last trade to open a new one in the direction of price movement.

Grid Pips: Set the grid size in pips for entering new trades.

Refresh Grid: Re-establish the reference price of the grid after a specified pip movement.

Max Orders: Determine the maximum number of orders permissible in each direction.

Pair/Order Direction Settings

Grid Direction: This setting determines the direction for grid trading:

0: Trades against the direction of the price movement.

1: Trades in the direction of the price change.

Trading Result Statistics: This setting determines whether to use trading history and indicators to perform statistical analysis and identify potential price directions:

0: Do not use trading history and indicators for statistical analysis.

1: Utilize trading history and indicators to conduct statistical analysis and identify potential price directions.

Historical Data Analysis: This setting controls the use of historic simulated trades based on time duration for statistical analysis:

0: Do not use historical simulated trades for statistical analysis.

1: Use historic simulated trades based on time duration for statistical analysis.

Swing Points: This setting determines whether to utilize swing points for trading decisions:

0: Do not use swing points for trading decisions.

1: Utilize swing points for trading decisions.

These settings provide flexibility in determining the trading strategy based on various factors such as price movement direction, historical data analysis, and swing points analysis. Adjusting these settings allows traders to customize their approach to suit their preferences and market conditions.

Pair/Order Lot Setup Settings

The lot setup uses the formula of the Millionarie EA and therefore more information is available in this post (https://www.forexfactory.com/thread/post/13260719#post13260719).

LD (Lots Divider): LD represents the Lots Divider, which determines the frequency of lot size adjustments based on the number of active orders in one direction. In the examples provided, LD influences how often the lot size is incremented or adjusted as new orders are opened. A lower LD value results in more frequent adjustments to the lot size, while a higher LD value leads to less frequent adjustments.

Example LD=2 L1=1 L2=1 L3=1: 1st order 0.01; 2nd order 0.01; 3rd order 0.02; 4th order 0.02; 5th order 0.03

L1 (Lot Multiplier 1): L1 serves as the initial multiplier applied to the lot size calculation. In the examples, it determines the base lot size for the first order. For instance, if FL (First Order Lot) is 0.01 lot, L1 directly influences the lot size of the first order. Subsequent orders' lot sizes are then determined based on this initial lot size and further adjustments.

L2 (Lot Multiplier 2): L2 acts as a secondary multiplier that modifies the lot size calculation in addition to L1. It influences how the lot size increments or adjusts as new orders are opened. In the provided examples, L2 affects the rate of change in lot size between consecutive orders. A higher L2 value leads to faster increases in lot size, while a lower L2 value results in slower increases.

Example LD=1 L1=1 L2=1 L3=1: 1st order 0.01; 2nd order 0.02; 3rd order 0.03; 4th order 0.04; 5th order 0.05

L3 (Lot Multiplier 3): L3 is an exponential multiplier applied to the lot size calculation, introducing a compounding effect on the lot size adjustments. In the examples where the configuration is doubled (102), L3 determines the rate at which the lot size grows exponentially with each new order. Higher values of L3 result in more aggressive increases in lot size, while lower values lead to more gradual changes.

Example LD=2 L1=1 L2=0 L3=2: 1st order 0.01; 2nd order 0.02; 3rd order 0.04; 4th order 0.08; 5th order 0.16

The Input Parameters - Stop Trade Setup

Take Profit (TP) Settings

Time2Close: Specifies the time, in minutes, after which an open order will be closed. This is used only when running strategy 2 for opening orders.

TP pips: The fixed Take Profit value, which can be specified in pips or BPS (see basic trading settings). This sets a target price level at which the trade will be closed in profit.

WO CoP: Worst Order Close on Profit - A boolean parameter that, when true, allows the strategy to close the worst-performing loss order when a profit is realized on another trade. This can be part of a risk management strategy to minimize losses.

Pair CoP: Pair Close on Profit - When set to true, this parameter enables the closing of all trades for a specific currency pair once the combined result of these trades is in profit. It's a collective profit-taking strategy at the pair level.

Lock Profit (LP) Settings

LP atr tf: Lock Profit ATR time frame - Defines the time frame for calculating the Average True Range (ATR), used in determining when to lock in profits. The ATR is a measure of volatility, and this setting helps tailor the LP strategy to current market conditions.

atr per: ATR period - The number of periods over which the ATR is calculated, affecting how responsive the ATR-based LP strategy is to recent market volatility.

atr St%: ATR start % - Activate lock profit if profit is above a given % of ATR

atr lock%: ATR lock % - The initial % of profit that will be locked after activation.

LP end%: End % (not available in control panel) - The final lock % of profit based on a algorithm that will start increasing the % of lock profit after a given time.

LP adj Aft: The time interval to start adjusting the lock %, in minutes (not available in control panel) - after that time the percentage of maximum profit locked is adjusted gradually until reaching the end lock %.

Stop Loss (SL) Settings

SL atr tf: Determines the time frame for the ATR calculation used in SL settings, tailoring the SL strategy to fit the current market volatility.

are per: The number of periods for ATR calculation in the SL strategy, affecting the sensitivity of the SL to recent price movements and volatility.

atr %st: Sets the percentage of the ATR to establish the loss level at which a stop loss is triggered. A higher value means the stop loss is set further from the entry price, allowing more room for price fluctuations before the trade is closed in loss.

SL pips: A fixed Stop Loss value, which can be set in pips or as a BPS. This defines a predetermined price level at which the trade will be closed to prevent further losses.

The Input Parameters - Basket and News Trading Setup

Basket STOP Trading Setup

Take Profit %: This parameter sets the target profit percentage for the entire basket of trades. When the cumulative profit of all open trades reaches this percentage of the initial equity, the trading system will automatically take profit, closing all open trades.

Stop Loss %: Specifies the stop loss threshold as a percentage of initial equity. If the collective loss of all open trades hits this percentage, the system will close all positions to prevent further losses.

Basket TIME Trading Setup

Start EA (Hour): Defines the hour when the trading system starts operations each day. Trades will not be initiated before this hour.

Stop & Close Basket (Hour): Sets the hour at which trading stops each day. Any open trades in the basket will be evaluated for closing based on current profit or loss.

Friday Stop EA (Hour): Indicates the hour on Fridays when new trading baskets are no longer initiated, allowing the system to start closing existing trades in profit. 0 means no stop.

Friday Close Basket (Hour): Specifies the hour on Fridays when all open baskets must be closed, regardless of profit or loss, to avoid holding positions over the weekend. 0 means no close.

TP if profit Below a % of Max Reached profit after X Minutes: This parameter, X minutes, works with the next parameter to set a dynamic take profit condition. If the profit percentage falls below this value after the specified minutes, take profit actions will be executed. 0 means no use.

X% of Max Reached profit: Defines the percentage after which the system will take profit on the basket.

SL if loss Below This % of Max Reached L% After X Minutes: Similar to the TP condition, this parameter, X minutes, sets a condition for executing stop loss based on a percentage of maximum loss reached after a specified duration. 0 means no use.

X% of Max Reached loss: Determines the time after which, if the loss percentage is less than sc_Tper_to_SL, the system will execute stop loss actions for the basket.

News Trading Setup

Trading the news is facilitated through the IceFX NewsInfo indicator or a file that contains the events and their associated currencies. The system will either read the output from the indicator on any chart where it is active or parse the entries in the provided file, subsequently compiling a list of currencies along with their corresponding dates. During the EA's processing phase, it will then specifically target pairs involving those currencies for trading actions

Trade the News with Below Setup: A boolean parameter that, when true, enables the trading system to adjust its operations based on news events according to the specified news trading setup.

Minutes Before News: Specifies the duration in minutes before a scheduled news event during which the system attempts to take profit on open trades to reduce risk exposure.

Percentage of Target Profit for Pair to Close Before News: Sets the percentage of the target profit at which trades should be closed before an impending news event to secure gains.

Minutes After News: Defines the pause duration in minutes after a news event, during which new orders will not be initiated to avoid market volatility.

Multiplication Factor for the Lot Size: Adjusts the standard lot size for trades initiated in response to news events, multiplying it by this factor to potentially capitalize on news-induced market movements.

Grid Size in Pips for News: Determines the grid size in pips specifically for trading on news events, setting the threshold for price movement that triggers trade entries.

Minutes to Decide if You Should Trade the Grid Change: Specifies the time frame in minutes after a news release within which the system evaluates whether to trade based on the grid change, aiming to capture profit from news-driven volatility.

The Input Parameters - Trading News Setup

The Input Parameters - Statistical Processing

The Multicurrency Table

The Indicators Table and the Preset Row

The Statistical Mode and the Parallel Processing

The Configuration Files

The Input Parameters - Other Setups