Maximize Your Trading with the ColorSchaffJCCXTrendCycle EA for MetaTrader 5

Today, let's dive into a powerful trading system designed for both long and short trades, using the ColorSchaffJCCXTrendCycle indicator. This system operates within a single Expert Advisor (EA) and offers the flexibility to adjust trade volumes based on your previous results. Sounds intriguing, right? Let's break it down!

Understanding the Input Parameters

We can categorize the input parameters into two main groups:

L_ for long position management.
S_ for short position management.

//+----------------------------------------------+
//| Input parameters for long trades   |
//+----------------------------------------------+
magic numberinput uint    L_Magic=777;          //L magic number
//+----------------------------------------------+
//| Input parameters for short trades  | 
//+----------------------------------------------+
input uint    S_Magic=555;          //S magic number

Each trading system operates independently with its own magic number. In the unpredictable world of trading, different parameters are often required for bullish and bearish markets. To get your EA set up correctly, I recommend testing one trading system at a time by disabling the other using the relevant switches.

input bool    L_PosOpen=true;       //L permission to enter long positions
input bool    L_PosClose=true;      //L permission to exit long positions

Once you've configured the first system, you can repeat the setup for the second.

Managing Trade Volume

The EA also includes inputs to manage the trade volumes of open positions:

input uint    L_TotalMMTriger=5;    //L number of last Buy deals for stop loss calculation
input uint    L_LossMMTriger=3     //L number of losing Buy deals to reduce MM
input double  L_SmallMM=0.01       //L deposit share in a deal in case of loss
input double  L_MM=0.1             //L deposit share in a deal during normal trading
input MarginMode L_MMMode=LOT;      //L lot setting mode

And for the short trades:

input uint    S_TotalMMTriger=5    //S number of last Sell deals for stop loss calculation
input uint    S_LossMMTriger=3     //S number of losing Sell deals to reduce MM
input double  S_SmallMM=0.01       //S deposit share in a deal in case of loss
input double  S_MM=0.1             //S deposit share in a deal during normal trading
input MarginMode S_MMMode=LOT;      //S lot setting mode

With these settings, if you have three losing trades out of the last five, the EA will open the next trade in the same direction at a volume of 0.01 lots. If not, it will trade at 0.1 lots.

To get the EA running smoothly, make sure you have the compiled JCCX.ex5 and ColorSchaffJCCXTrendCycle.ex5 indicator files in your <terminal_data_directory>\MQL5\Indicators.