Implemented comprehensive profit maximization enhancements based on
ERMT_PME_ProfitMaximization_Integration.mq5 guide to improve position
management and profit capture capabilities.
KEY FEATURES ADDED:
1. Phase-Based Management System
- Added 6 new input parameters for phase triggers (40-400 points)
- Implemented 6-phase profit lifecycle: Initial, Protection,
Accumulation, Maximization, Runner, and Extreme
- Each phase applies optimized management strategies
2. ProfitMaximizer Integration
- Initialized ProfitMaximizer class in OnInit()
- Added proper cleanup in OnDeinit()
- Integrated with existing position management framework
3. Enhanced Configuration
- New ConfigureEnhancedSettings() function for optimized parameters
- Delayed breakeven triggers (40 points vs 20)
- Wider trailing distances (40 points vs 20)
- Reduced partial close percentages for longer runners
Transform ERMT 6.8 from a full trading system into a Pure Management EA that exclusively manages and exits positions, regardless of their origin.
Architecture Overview
Core Philosophy
No Entry Logic: Remove all trade entry capabilities
Universal Management: Manage ALL positions on the chart
Origin Agnostic: Treat all trades equally regardless of source
Risk First: Focus on preservation of capital
Exit Optimization: Smart exit strategies based on market conditions
Summary & Next Steps
What We've Created
PositionManager.mqh - A completely new module that replaces TradeManager for pure position management
ERMT_PME.mq5 - Simplified main EA file with 70% less code complexity
Comprehensive Roadmap - 8-week implementation plan with clear milestones
Key Architectural Changes
Removed Components
❌ Entry system completely eliminated
❌ Entry signals and strategy selection
❌ Trade opening functionality
❌ Entry parameter complexity
Enhanced Components
✅ Universal position d
Overview
To fully integrate the enhanced external trade management system, updates are required to 5 out of 7 existing modules. The updates maintain backward compatibility while adding new functionality for external trade handling.
Module Update Requirements
🟢 No Updates Required (2 modules)
TechnicalAnalysis.mqh - Already provides necessary calculations
EntrySystem.mqh - Only handles EA's own entry signals
🟡 Minor Updates (2 modules)
DataTypes.mqh - Add external trade structures and fields
Utilities.mqh - Enhanced logging for external trades
🟠 Moderate Updates (3 modules)
RiskManager.mqh - Enhanced risk enforcement methods
TradeManager.mqh - Improved stop management for externals
Dashboard.mqh - Display external trade information
Integration Steps
Phase 1: Data Structures (DataTypes.mqh)
Add ENUM_EXTERNAL_STATUS enumeration
Extend ManagedTrade structure with external-specific fields
Add ExternalTradeStats structure for metrics
Update DashboardConfig with show_external flag
Key additions:
external_status - Track state of external trade
source_name - Identify where trade came from
stops_modified - Track if we modified the trade
original_sl/tp - Store original values for comparison
Phase 2: Risk Management (RiskManager.mqh)
Add EnforceRiskRulesEnhanced() method
Implement GetExternalExposure() for risk aggregation
Add UpdateExternalStats() for tracking
Enhance ValidateAndAdjustRiskExternal() method
Key features:
Separate risk calculation for external trades
Cache mechanism for performance
Statistical tracking of external positions
Smart risk adjustment without closing trades
Phase 3: Trade Management (TradeManager.mqh)
Add ApplyDefaultStopsEnhanced() with better logic
Implement OverrideExternalStops() with smart override
Create ManageExternalTrade() with different rules
Add ApplyBreakevenExternal() with wider triggers
Key features:
Smart stop override (only improve, never worsen)
Different management rules for external trades
Respect minimum broker distances
Track modification success/failure rates
Phase 4: User Interface (Dashboard.mqh)
Add CreateExternalSection() for display area
Implement UpdateExternalSection() for real-time updates
Add SetCustomText() for flexible display
Create ShowExternalTrades() toggle method
Key features:
Real-time external trade count and risk
Color-coded risk warnings
List of active external positions
Modification statistics display
Phase 5: Logging (Utilities.mqh)
Add LogExternalTrade() for detailed event logging
Create separate CSV log for external trades
Enhance GenerateReportEnhanced() with external section
Add IdentifyTradeSource() for magic number interpretation
Key features:
Separate CSV log for external trade events
Detailed tracking of all modifications
Source identification from magic numbers
Enhanced reporting with external statistics
