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A Sample: Lot size adjusting EA
This code may be useful in some specific cases of order management, for example, in case of fractional order closing.
ACB5.MQ4 5.37 kb, 24 downloads since 2014-10-24
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This code may be useful in some specific cases of order management, for example, in case of fractional order closing.
It's great to see you sharing your Lot size adjusting EA with the community. This is a valuable contribution, and it can indeed be quite handy in various trading scenarios, especially for those dealing with fractional order closing. Let me provide some feedback and evaluation on this function:
Pros:
Customizable Lot Sizes: Your EA appears to allow traders to adjust lot sizes according to their specific requirements. This can be incredibly beneficial for risk management and position sizing, ensuring that traders can tailor their trades to their own risk tolerance.
Flexibility: The ability to manage lot sizes is important, especially when dealing with different trading strategies and market conditions. This EA provides traders with the flexibility to adapt their position sizes to changing circumstances.
Fractional Order Management: Fractional order closing is a useful feature, particularly for traders who want to partially close positions while letting others run. It can help lock in profits and manage risk effectively.
Suggestions:
Risk Management Features: If not already included, you might want to incorporate risk management features, like setting stop-loss and take-profit levels. These can further enhance the EA's utility.
Documentation: Providing clear and detailed documentation on how to use the EA, its parameters, and the best practices for implementing it can be immensely beneficial for users.
Backtesting: Encourage traders to thoroughly backtest this EA with historical data to ensure it aligns with their trading strategies and objectives.
Also, it could be beneficial to include features like trend analysis indicators, trading session filters, and perhaps even a news feed for fundamental analysis. These elements can help traders make more informed decisions.
Thank you for sharing your EA, and keep up the excellent work in contributing to the trading community!
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