Zenith-FX/README_v3.2.md

ForexTrader v3.2 User Guide

Overview

ForexTrader v3.2 represents a major enhancement over v3.0, designed to address the core issues identified by users:

• Much more active trading (positions open in minutes/hours, not days)
• Multi-symbol capability (trade multiple pairs from single chart)
• Enhanced risk management (daily drawdown limits, floating equity limits)
• Two specialized versions: Normal Multi-Strategy and High-Frequency Scalper

Version Comparison

Feature	v3.0	v3.2 Normal	v3.2 Scalper
Min Signal Score	60	35	20
Cooldown Minutes	15	3	0
Max Daily Trades	20	50	200
Multi-Symbol	No	Yes	Yes
Timeframe	M15-H1	M15-H1	M1-M5
Stop Loss	40 pips	40 pips	10 pips
Take Profit	80 pips	80 pips	15 pips
Session Filter	Required	Optional	Disabled
Position Opening	Days	Hours	Minutes

ForexTrader v3.2 Multi-Strategy (Normal Version)

Key Features

Multi-Symbol Trading

• Trade up to 8 currency pairs simultaneously
• Independent signal analysis per symbol
• Per-symbol position limits (default: 2 positions per pair)
• Global portfolio position cap (default: 5 total)
• Hedging support (opposite directions allowed)

Enhanced Signal Generation

• Lower signal threshold (MinSignalScore = 35 vs 60)
• Faster response to market opportunities
• 4 strategies: MA, RSI, BB, MACD
• Optional multi-timeframe confirmation
• Session-based filtering (optional)

Advanced Risk Management

• Daily drawdown limit (5% configurable)
• Floating equity limit (5% maximum risk)
• Per-trade dynamic risk adjustment
• Portfolio-wide risk monitoring
• Automatic circuit breakers

Trading Activity

• Reduced cooldown (3 minutes vs 15)
• Post-close cooldown (2 minutes)
• Increased trade capacity (50 trades/day)
• 24/7 trading capability (session filter optional)
• Multiple timeframe support

Recommended Use Cases

Conservative Traders

• Single symbol mode
• MinSignalScore: 40-45
• BaseRiskPercent: 1.0-1.5%
• CooldownMinutes: 5
• Session filter: Enabled

Moderate Traders (Default Settings)

• Multi-symbol (4-5 pairs)
• MinSignalScore: 35
• BaseRiskPercent: 1.5-2.0%
• CooldownMinutes: 3
• Session filter: Optional

Aggressive Traders

• Multi-symbol (6-8 pairs)
• MinSignalScore: 25-30
• BaseRiskPercent: 2.0-2.5%
• CooldownMinutes: 1
• Session filter: Disabled

Configuration Files

Moderate (Config/ForexTrader_v3.2_Moderate.set)

• Balanced risk/reward
• 5 symbols: EURUSD,GBPUSD,USDJPY,AUDUSD,USDCAD
• MinSignalScore: 35
• BaseRisk: 1.5%
• Cooldown: 3 minutes

Aggressive (Config/ForexTrader_v3.2_Aggressive.set)

• Maximum activity
• 8 symbols including crosses
• MinSignalScore: 25
• BaseRisk: 2.0%
• Cooldown: 1 minute

Setup Instructions

1. Compile in MetaEditor

   • Open ForexTrader_v3.2_MultiStrategy_Production.mq5
   • Press F7 to compile
   • Fix any compilation errors if present

2. Attach to Chart

   • Open any major pair chart (e.g., EURUSD)
   • Timeframe: M30 or H1 recommended
   • Drag EA to chart

3. Load Configuration

   • In EA settings, click "Load"
   • Select Config/ForexTrader_v3.2_Moderate.set
   • Or configure manually

4. Key Settings to Verify

   TradeMultipleSymbols = true
   TradingSymbols = EURUSD,GBPUSD,USDJPY,AUDUSD,USDCAD
   MaxPositionsPerSymbol = 2
   MaxTotalPositions = 5
   MinSignalScore = 35
   BaseRiskPercent = 1.5
   DailyDrawdownPercent = 5.0
   MaxFloatingEquityPercent = 5.0
   

5. Enable AutoTrading

   • Press F7 or click AutoTrading button
   • Verify EA shows "Initialized" in Experts tab

Expected Performance

With Moderate Settings (MinSignalScore=35)

• Trading Activity: 5-15 trades per day (all symbols)
• Win Rate: 55-65%
• Profit Factor: 1.4-1.8
• Monthly Return: 5-12%
• Max Drawdown: 15-20%
• Position Duration: 2-8 hours average

With Aggressive Settings (MinSignalScore=25)

• Trading Activity: 15-30 trades per day
• Win Rate: 50-60%
• Profit Factor: 1.3-1.6
• Monthly Return: 8-18%
• Max Drawdown: 20-25%
• Position Duration: 1-4 hours average

ForexTrader v3.2 Scalper (High-Frequency Version)

Key Features

Scalping-Optimized

• M1/M5 timeframes for rapid signals
• Tight stops (10 pips) and quick targets (15 pips)
• High-frequency position cycling
• Zero cooldown between trades
• Up to 8 concurrent positions

Advanced Signal Detection

• Fast MA crossovers (5/20 EMA)
• Momentum filter (3-bar price movement)
• Breakout detection (5-bar range breakouts)
• RSI momentum confirmation
• Bollinger Band squeeze/expansion

Scalping-Specific Features

• Very tight spread filtering (max 2 pips)
• Quick breakeven (5 pips profit)
• Tight trailing stop (8 pips)
• Early stop protection
• Micro-trend following

Recommended Use Cases

Ideal For:

• Experienced scalpers
• ECN/STP broker accounts
• VPS with low latency (<10ms)
• High-liquidity pairs only
• High-frequency trading appetite

NOT Recommended For:

• Beginners
• High-spread brokers
• Dealing desk brokers
• Slow execution (>50ms)
• Retail accounts with restrictions

Configuration Files

Scalper (Config/ForexTrader_v3.2_Scalper.set)

• High-frequency optimized
• 4 high-liquidity symbols
• MinSignalScore: 20
• StopLoss: 10 pips, TakeProfit: 15 pips
• No cooldown
• 200 max trades/day

Setup Instructions

1. Verify Broker Compatibility

   • ECN/STP execution required
   • Average EURUSD spread <1 pip
   • No scalping restrictions
   • Fast execution (<50ms)

2. Compile in MetaEditor

   • Open ForexTrader_v3.2_Scalper_Production.mq5
   • Press F7 to compile

3. Attach to Chart

   • Open EURUSD M5 chart
   • Must use M1 or M5 timeframe
   • Drag EA to chart

4. Load Scalper Configuration

   • Load Config/ForexTrader_v3.2_Scalper.set
   • Verify settings:

     MinSignalScore = 20
     StopLossPips = 10
     TakeProfitPips = 15
     MaxSpreadPips = 2.0
     CooldownMinutes = 0
     UseMomentumFilter = true
     UseBreakoutDetection = true
     

5. VPS Recommended

   • Scalping requires stable connection
   • VPS near broker server ideal
   • Target <10ms latency

Expected Performance

With Scalper Settings (M5 timeframe)

• Trading Activity: 20-50 trades per day (per symbol)
• Win Rate: 60-70% (higher than swing)
• Profit Factor: 1.3-1.6
• Average Trade: 3-8 pips profit
• Monthly Return: 10-20%
• Max Drawdown: 10-15%
• Position Duration: 5-30 minutes

Critical Success Factors

1. Spread Management

   • Trade only during low-spread hours
   • Average spread must be <50% of target profit
   • Monitor spread constantly

2. Execution Speed

   • Verify execution time <50ms
   • Use VPS if needed
   • Test slippage on demo

3. Broker Selection

   • ECN/STP only
   • Verify no scalping restrictions
   • Low or zero commission

4. Risk Control

   • Start with minimum lot sizes
   • Monitor closely for first week
   • Adjust spread limits as needed

Risk Management for Both Versions

Daily Drawdown Protection

Both versions include automatic daily drawdown limits:

• Default: 5% daily loss limit
• System halts trading if limit hit
• Resets at start of new trading day
• Prevents catastrophic daily losses

Floating Equity Protection

Portfolio-wide floating loss monitoring:

• Default: 5% maximum floating loss
• No new positions if limit exceeded
• Existing positions can be managed
• Protects against over-exposure

Position Limits

• Per-symbol limits prevent concentration risk
• Global limits cap total exposure
• Hedging allowed if enabled
• Prevents excessive position accumulation

Testing Procedures

Backtesting v3.2 Normal

Strategy Tester Setup

1. Load ForexTrader_v3.2_MultiStrategy_Production.ini
2. Symbol: EURUSD (or any major)
3. Period: M30 or H1
4. Model: "1 minute OHLC" or "Every tick"
5. Date range: Minimum 6 months
6. Deposit: $10,000

What to Check

• Total trades >100 (good activity)
• Win rate >50%
• Profit factor >1.3
• Max drawdown <20%
• Monthly return 5-12%

Backtesting v3.2 Scalper

Strategy Tester Setup

1. Load ForexTrader_v3.2_Scalper_Production.ini
2. Symbol: EURUSD
3. Period: M5 (or M1 for advanced)
4. Model: "Every tick" (required for scalping)
5. Date range: 3-6 months
6. Deposit: $10,000

What to Check

• Total trades >200 (high frequency)
• Win rate >60%
• Profit factor >1.3
• Average profit/trade >2 pips after costs
• Max drawdown <15%

Forward Testing

Both Versions

1. Run on demo account for 1 month minimum
2. Compare demo results to backtest
3. Monitor execution quality
4. Verify spread costs realistic
5. Check for unexpected behavior

Success Criteria

• Forward test matches backtest ±30%
• Execution quality acceptable
• Spread costs as expected
• No unexpected errors
• Risk limits working correctly

Troubleshooting

"No Positions Opening"

v3.2 Normal

• Check MinSignalScore (try lowering to 30-35)
• Verify multi-symbol mode enabled
• Check symbols are valid and tradeable
• Verify session filter not blocking (disable if needed)
• Check ADX/ATR filters not too restrictive

v3.2 Scalper

• Check spread <2 pips
• Verify M1 or M5 timeframe
• Check MinSignalScore not too high (15-25)
• Disable ADX filter
• Verify broker allows scalping

"Too Many Positions"

Both Versions

• Reduce MaxTotalPositions
• Reduce MaxPositionsPerSymbol
• Increase MinSignalScore
• Reduce number of TradingSymbols
• Check position management working

"High Drawdown"

Both Versions

• Reduce BaseRiskPercent
• Increase StopLossPips
• Enable more filters (ADX, ATR)
• Increase MinSignalScore
• Reduce number of symbols
• Enable session filter

"Compilation Errors"

Common Issues

• MQL5 version too old (update MT5)
• Missing includes (verify Trade.mqh available)
• Syntax errors from editing (restore from backup)

Performance Monitoring

Key Metrics to Track

Daily

• Number of trades opened
• Current drawdown %
• Floating equity %
• Win rate for the day

Weekly

• Total profit/loss
• Average trade duration
• Strategy performance breakdown
• Risk-adjusted returns

Monthly

• Return on investment
• Maximum drawdown
• Profit factor
• Sharpe ratio
• Compare vs backtest

When to Adjust Settings

Increase Activity (if too slow)

• Lower MinSignalScore by 5-10
• Reduce CooldownMinutes
• Disable session filter
• Add more symbols

Decrease Activity (if too aggressive)

• Raise MinSignalScore by 5-10
• Increase CooldownMinutes
• Enable session filter
• Reduce number of symbols

Improve Win Rate (if too low)

• Increase MinSignalScore
• Enable more filters
• Increase MA_SlopeMinimum
• Use multi-timeframe confirmation

Reduce Drawdown (if too high)

• Reduce BaseRiskPercent
• Increase StopLossPips
• Reduce MaxTotalPositions
• Enable all filters

Comparison: v3.0 vs v3.2

What's Different

Trading Activity

• v3.0: Takes days to open positions
• v3.2: Opens positions in minutes to hours

Signal Threshold

• v3.0: MinSignalScore = 60 (very conservative)
• v3.2: MinSignalScore = 35 (balanced) or 20 (scalper)

Multi-Symbol Support

• v3.0: Single symbol only
• v3.2: Up to 8 symbols simultaneously

Risk Controls

• v3.0: Basic drawdown limit
• v3.2: Daily drawdown + floating equity + position limits

Cooldown

• v3.0: 15 minutes between trades
• v3.2: 3 minutes (normal) or 0 minutes (scalper)

Migration from v3.0

1. Backtest v3.2 thoroughly
2. Compare results to v3.0
3. Start with conservative v3.2 settings
4. Run both in parallel on demo
5. Gradually transition to v3.2

Which Version to Use?

Use v3.0 if:

• You prefer very conservative trading
• You want maximum filters
• You can wait days for trades
• You're risk-averse

Use v3.2 Normal if:

• You want active daily trading
• You want multi-symbol diversification
• You want balanced risk/reward
• You need better productivity

Use v3.2 Scalper if:

• You're experienced with scalping
• You have ECN/STP broker
• You have VPS with low latency
• You want high-frequency trading
• You can monitor closely

Support and Resources

Documentation

• README_v3.md - v3.0 complete guide
• IMPLEMENTATION_V3.md - Technical details
• This file - v3.2 user guide

Configuration Files

• Config/ForexTrader_v3.2_Moderate.set
• Config/ForexTrader_v3.2_Aggressive.set
• Config/ForexTrader_v3.2_Scalper.set

Strategy Tester Files

• ForexTrader_v3.2_MultiStrategy_Production.ini
• ForexTrader_v3.2_Scalper_Production.ini

Getting Help

1. Review documentation thoroughly
2. Check troubleshooting section
3. Verify settings match use case
4. Test on demo account first
5. Open GitHub issue with details

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Disclaimer

Trading forex carries substantial risk of loss and is not suitable for all investors.

• Always test on demo first (minimum 1 month)
• Never risk more than you can afford to lose
• Start with conservative settings (1% risk)
• Monitor performance regularly
• Use proper risk management
• Past performance does not guarantee future results

v3.2 is designed for more active trading but this also means more opportunities for both profits AND losses. Start conservatively and increase activity only after successful demo testing.

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ForexTrader v3.2 - Active Trading, Intelligent Risk Management