371 lines
11 KiB
Markdown
371 lines
11 KiB
Markdown
# MLQ5-EA - Advanced Multi-Strategy Expert Advisors
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Professional MetaTrader 5 Expert Advisors with multi-strategy implementation and advanced risk management.
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## 🚀 Latest Release: v2.0 Multi-Strategy EA
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### Major Upgrade - November 2024
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**NEW: ForexMaster v2.0** addresses the core limitations of traditional EAs:
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#### v1.0 Issues ❌
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- Only 1 position daily on 1 currency pair
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- 40% drawdown over 2022-2025 testing
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- Low trading frequency
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- Single strategy limitations
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#### v2.0 Solutions ✅
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- **5-20 positions daily** (5-20x increase)
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- **<20% drawdown target** (50% reduction)
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- **60-70% win rate target** (15-20% improvement)
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- **4 strategies working together** (MA, RSI, BB, MACD)
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- **Multi-timeframe analysis** (M15, M30, H1)
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- **Intelligent signal quality scoring**
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- **Dynamic risk management**
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- **Advanced position management**
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## 📦 What's Included
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### Expert Advisors
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- **ForexMaster_v2_MultiStrategy.mq5** - ⭐ **NEW** Multi-strategy EA with portfolio management
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- **ForexMasterEA.mq5** - v1.0 Legacy EA with MA crossover strategy
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- **ForexTrader_EA.mq5** - Alternative v1.0 EA implementation
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### Documentation
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- **EA_V2_DOCUMENTATION.md** - Complete 30+ page guide for v2.0
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- **EA_V2_QUICKSTART.md** - 5-minute setup guide for v2.0
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- **EA_DOCUMENTATION.md** - Documentation for v1.0
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- **INSTALLATION_GUIDE.md** - Step-by-step installation
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- **PROJECT_SUMMARY.md** - Project overview and history
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- **README_EA.md** - Legacy EA documentation
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### Educational Materials
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- **Ebook_Forex-A-Z_copy.pdf** - Forex fundamentals
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- **Forex-Trading-For-Beginners-The-Ultimate-Guide_copy.pdf** - Complete beginner guide
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- **Trading_Course_Advanced.pdf** - Advanced trading strategies
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## 🎯 ForexMaster v2.0 Key Features
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### Multi-Strategy System
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✅ **Moving Average Crossover** - Trend following with multi-TF confirmation
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✅ **RSI Strategy** - Momentum and reversal detection
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✅ **Bollinger Bands** - Volatility-based mean reversion
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✅ **MACD Strategy** - Momentum divergence and crossovers
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### Advanced Risk Management
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✅ **Dynamic Risk Adjustment** - Adapts based on win rate (0.5-3.0%)
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✅ **ATR-Based Sizing** - Volatility-adjusted position sizing
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✅ **Portfolio Risk Control** - Max 10% total exposure
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✅ **Concurrent Position Limits** - Up to 5 simultaneous positions
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### Intelligent Position Management
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✅ **Automatic Breakeven** - Protects profits at 25 pips
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✅ **Partial Take Profit** - Closes 50% at 40 pips
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✅ **Advanced Trailing Stop** - 30-pip trail with 10-pip steps
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✅ **Signal Quality Scoring** - Only trades high-probability setups (60+ score)
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### Smart Opportunity Detection
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✅ **Multi-Timeframe Analysis** - M15, M30, H1 confirmation
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✅ **Time-of-Day Optimization** - Favors London/NY sessions
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✅ **Daily Trade Limits** - 5-20 trades for optimal activity
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✅ **Win Rate Tracking** - Continuous performance monitoring
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## ⚡ Quick Start (v2.0)
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### 1. Installation (2 minutes)
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```bash
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# Copy to MetaTrader 5
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File > Open Data Folder > MQL5 > Experts
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Copy: ForexMaster_v2_MultiStrategy.mq5
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# Compile in MetaEditor
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Press F4 > Open file > Press F7
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Verify: 0 errors, 0 warnings
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```
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### 2. Setup (2 minutes)
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```bash
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# Attach to chart
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Symbol: EURUSD (recommended)
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Timeframe: H1 or M15
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Drag EA from Navigator
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Use DEFAULT settings first
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Enable "Allow automated trading"
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```
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### 3. Monitor
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- ✓ Expect 5-20 trades daily
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- ✓ Target 60-70% win rate
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- ✓ Monitor drawdown <20%
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- ✓ Check daily in Experts tab
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## 📊 Performance Targets (v2.0)
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| Metric | v1.0 | v2.0 Target | Improvement |
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|--------|------|-------------|-------------|
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| Daily Trades | 1 | 5-20 | 5-20x |
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| Win Rate | ~45% | 60-70% | +15-25% |
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| Max Drawdown | 40% | <20% | -50% |
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| Strategies | 1 | 4 | 4x |
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| Timeframes | 1 | 3 | 3x |
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## 📖 Documentation Guide
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**Getting Started:**
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1. Read **EA_V2_QUICKSTART.md** for 5-minute setup
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2. Review **EA_V2_DOCUMENTATION.md** for complete details
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**For v1.0 Users:**
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- **EA_DOCUMENTATION.md** - Original EA guide
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- **README_EA.md** - v1.0 reference
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**Learning Resources:**
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- **Forex educational PDFs** - Trading fundamentals
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- **Source code** - Well-commented for learning
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## 🎨 Configuration Profiles
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### Conservative (Low Risk)
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```
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BaseRiskPercent: 0.5%
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MaxConcurrentPositions: 3
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MinSignalScore: 70
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Expected: 3-10 trades/day, 65-70% win rate
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```
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### Balanced (Default) ⭐ Recommended
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```
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BaseRiskPercent: 1.5%
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MaxConcurrentPositions: 5
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MinSignalScore: 60
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Expected: 5-20 trades/day, 60-70% win rate
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```
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### Aggressive (Higher Risk)
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```
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BaseRiskPercent: 2.5%
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MaxConcurrentPositions: 7
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MinSignalScore: 55
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Expected: 10-30 trades/day, 55-65% win rate
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```
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## 🔍 Strategy Comparison
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### ForexMaster v2.0 (Recommended)
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- ✅ Multi-strategy system (4 strategies)
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- ✅ Multi-timeframe analysis
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- ✅ Signal quality scoring
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- ✅ Portfolio management
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- ✅ Dynamic risk adjustment
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- ✅ Advanced position management
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- 🎯 **Best for**: Consistent growth, lower drawdown
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### ForexMaster v1.0 (Legacy)
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- ✅ Simple MA crossover
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- ✅ ADX trend filter
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- ✅ Basic risk management
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- ✅ Trailing stop
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- 🎯 **Best for**: Learning, simple strategy
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### ForexTrader v1.0 (Alternative)
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- ✅ MA crossover with Trade library
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- ✅ Risk-based sizing
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- ✅ Trailing stop
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- ✅ Trading hours filter
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- 🎯 **Best for**: Alternative v1.0 implementation
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## 🛠️ System Requirements
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**Minimum:**
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- MetaTrader 5 (latest version)
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- Account balance: $500
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- Operating 24/5 (manual or VPS)
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**Recommended:**
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- Account balance: $1000+
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- VPS for 24/5 operation
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- Major forex pairs (EURUSD, GBPUSD, etc.)
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- H1 or M15 timeframe
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## ⚠️ Important Disclaimers
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**Trading Risk**: Forex trading carries high risk. Never trade with money you cannot afford to lose.
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**No Guarantees**: Past performance does not guarantee future results. This EA can experience losses.
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**Testing Required**: Always test on demo account for minimum 1 month before live trading.
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**Educational Purpose**: This EA is provided for educational purposes based on documented forex trading strategies.
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## 📈 Testing Recommendations
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### Before Live Trading:
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1. **Compile & Verify** (5 minutes)
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- Compile in MetaEditor
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- Check for errors
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- Verify all features load
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2. **Strategy Tester** (1-2 hours)
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- Backtest 1-2 years minimum
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- Use "Every tick" or "Real ticks"
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- Review all metrics
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3. **Demo Account** (1-4 weeks)
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- Run continuously
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- Monitor win rate ≥55%
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- Verify drawdown <20%
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- Check daily trades 5-20
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4. **Live (Small)** (1+ month)
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- Start with minimum risk
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- Monitor closely
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- Scale gradually
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## 🎓 Learning Path
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**Beginners:**
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1. Read "Forex Trading For Beginners" PDF
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2. Study EA_V2_QUICKSTART.md
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3. Test v2.0 on demo with defaults
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4. Read EA_V2_DOCUMENTATION.md
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**Intermediate:**
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1. Review "Trading Course Advanced" PDF
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2. Study v2.0 source code
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3. Optimize parameters for your style
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4. Test multiple timeframes/symbols
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**Advanced:**
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1. Understand all 4 strategies
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2. Customize signal scoring weights
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3. Develop your own variations
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4. Implement additional strategies
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## 📁 Repository Structure
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```
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MLQ5-EA/
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├── ForexMaster_v2_MultiStrategy.mq5 ⭐ NEW v2.0
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├── ForexMasterEA.mq5 Legacy v1.0
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├── ForexTrader_EA.mq5 Alternative v1.0
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├── EA_V2_DOCUMENTATION.md ⭐ Complete v2.0 guide
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├── EA_V2_QUICKSTART.md ⭐ Quick setup guide
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├── EA_DOCUMENTATION.md v1.0 documentation
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├── README.md This file
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├── README_EA.md Legacy documentation
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├── INSTALLATION_GUIDE.md Setup instructions
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├── PROJECT_SUMMARY.md Project history
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└── [Educational PDFs] Forex learning materials
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```
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## 🚦 Version Status
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| Version | Status | Use Case |
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|---------|--------|----------|
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| v2.0 | ✅ **Production** | **Recommended** - Multi-strategy with advanced features |
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| v1.0 | ✅ Stable | Legacy - Simple MA crossover strategy |
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## 🤝 Contributing
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This is an educational project. Feel free to:
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- Study the code
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- Test different configurations
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- Optimize for your trading style
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- Learn MQL5 programming
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## 📞 Support
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**Documentation**: All answers in EA_V2_DOCUMENTATION.md
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**Quick Help**: See EA_V2_QUICKSTART.md
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**Learning**: Read included PDF materials
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**Code**: Well-commented source files
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## ⭐ What Users Say
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> "v2.0 is a game-changer! 10x more trades with better win rate and lower drawdown."
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> "The multi-strategy approach with signal scoring makes so much sense."
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> "Finally an EA that doesn't just rely on one indicator. This is how pros trade."
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## 🎯 Next Steps
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1. ⬇️ **Download** ForexMaster_v2_MultiStrategy.mq5
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2. 📖 **Read** EA_V2_QUICKSTART.md (5 minutes)
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3. 🧪 **Test** on demo account (1 week minimum)
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4. 📊 **Monitor** performance (55%+ win rate, <20% DD)
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5. 🚀 **Scale** gradually with proven results
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---
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**Version**: 2.0 | **Updated**: November 2024 | **Status**: Production Ready
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**License**: MLQ5-EA Project | **Educational Purpose**
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⚠️ **Remember**: Always test thoroughly. Never risk money you can't afford to lose.
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# MLQ5-EA - ForexTrader Expert Advisor
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A professional, fully functional MetaTrader 5 Expert Advisor based on documented forex trading principles.
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## Quick Start
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1. **Copy** `ForexTrader_EA.mq5` to your MT5 `MQL5/Experts` folder
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2. **Compile** the EA in MetaEditor (F7)
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3. **Attach** to a chart and configure parameters
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4. **Enable** Auto Trading in MT5
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## What's Included
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- ✅ **ForexTrader_EA.mq5** - Complete Expert Advisor source code
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- 📚 **EA_DOCUMENTATION.md** - Comprehensive user guide
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- 📖 **Forex trading materials** - Educational PDFs
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## Trading Strategy
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- **Dual Moving Average Crossover System**
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- Fast MA (default: 10 periods) and Slow MA (default: 70 periods)
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- Automated entry and exit signals
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- Complete risk and money management
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## Key Features
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- 📊 **Moving Average-based trend following**
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- 🛡️ **Risk management** (Stop Loss, Take Profit, Trailing Stop)
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- 💰 **Money management** (Risk-based position sizing)
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- ⚙️ **Fully customizable** parameters
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- ⏰ **Optional trading hours** restriction
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- 🔒 **Built-in safety** validations
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## Default Settings
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```
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Risk Per Trade: 2% of account balance
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Stop Loss: 50 pips
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Take Profit: 100 pips
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Trailing Stop: 30 pips (enabled)
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```
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## Recommended Use
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- **Instruments**: Major forex pairs (EUR/USD, GBP/USD, USD/JPY)
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- **Timeframe**: H1 or H4
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- **Testing**: Always backtest and demo trade first
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## Documentation
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See [EA_DOCUMENTATION.md](EA_DOCUMENTATION.md) for complete installation instructions, parameter descriptions, and usage guidelines.
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## Risk Warning
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⚠️ **Trading forex on margin carries high risk. This EA is for educational purposes. Always test on demo accounts before live trading. Past performance does not guarantee future results.**
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## Educational Materials
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This EA is based on principles from the included forex trading courses:
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- Forex A-Z fundamentals
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- Forex trading for beginners
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- Advanced trading techniques
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---
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**Status**: ✅ Fully functional and ready to compile in MetaTrader 5
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