Extra files for use with 4xlots Forex Risk Management Web Service, see https://4xlots.com for more information
Experts/DollarPerDay.mq4 = an Expert Advisor that trades on the trend using trendlib and 4xlotslib with marginprotectlib
Libraries/4xlotslib.mq4 = the library for 4xlots REST API
Libraries/marginprotectlib.mq4 = useful functions for checking margin level percentage, <200% risks margin call)
Libraries/trailingstop.mq4 = functions to automatically add trailing stops to an open trade
Libraries/trendlib.mq4 = trending functions using multiple indicators to detect and confirm a trend,
Indicators/Bands.mq4 = modified indicator with Global parameters used by the trendlib.mq4
Indicators/Price Channel.mq4 = modified indicator with Global parameters used by the trendlib.mq4
Indicators/Pivot Points v4.mq4 = modified indicator with Global parameters used by the trendlib.mq4
When you open a Live account at Traderways using the IB link https://www.tradersway.com/?ib=1004584,
your will receive FREE access to the api.4xlots.com API.
To begin,
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Create a Live account on Tradersway using the link https://www.tradersway.com/?ib=1004584
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The visit https://4xlots.com and register for access using your email and providing your new Tradersway account number only.
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Confirm the registration email from Mailchimp.
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You will receive a confirmation email with API active status.
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Begin using 4xlots API is your Expert Advisors or other Forex trading algorithms
An updated version of the Forex General Expert Advisor has been included under the Experts directory. This EA used the Metatrader Bridge API available at https://sourceforge.net/projects/mtbridge/
File: Results/Demo/DetailedStatement.pdf
A very aggressive Martingale EA was acquired and I like the strategy that this EA was using but the original developer didn't include much thought in Risk Management specifically lots size and margin level detection that scales as the equity and leverage changes. I implemented 4xlots web service, initially using the new WebRequest method but than falling back on the wininet library. Over the last month, I discovered issues that could potentially wipe out the account and did which is why you see extra deposits, and these changes are included in the source code at https://github.com/patrickingle/4xlots-extra/.
My development methodology is to test as if I am trading with real money, that is start with an actual deposit amount. When test results are satisfactory, live testing proceeds.
ONLY USE DISCRETIONARY INCOME THAT YOU CAN AFFORD TO LOOSE AND DON'T ACT GREEDY!
Forex will return better than expected returns, and from these returns, you can further fund an equity retirement account (after taxes are paid).
The following publication, "Using the 4XLots Web Service: A tool for risk management in forex trading" available on Amazon at http://www.amazon.com/dp/B00D4765AU shows how to implement 4XLots API in your own Expert Advisor.
