Table of Contents

1. Overview
2. Key Features
3. Input Parameters
4. Installation Guide
5. Video Walkthrough
6. Performance Example
7. Important Disclaimer
8. Contact & Custom Development
9. Free Version

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Overview

Random Trader Pro EA is an automated trading system for MetaTrader 5 that initiates trades with a randomly chosen buy or sell direction. Despite the random entry, the EA incorporates robust risk management, dynamic position sizing, and sophisticated exit strategies. This unique approach serves as a valuable tool for research, portfolio diversification, and as a foundational template for developing and evaluating risk management techniques within algorithmic trading.

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Key Features

• Randomized Trade Entry: Opens trades randomly as either buy or sell for unbiased market engagement.
• Advanced Risk Management: Calculates position size based on user-defined risk percentage and stop loss distance, with an option for maximum margin utilization.
• Flexible Stop Loss: Offers a choice between dynamic ATR-based or fixed pip-based stop loss calculation.
• Take Profit & Reward/Risk: Sets take profit as a multiple of the stop loss, based on the specified reward/risk ratio.
• Trailing Stop Options: Includes breakeven and step-wise trailing stop functionalities, with an optional partial close at each step.
• Time & Spread Filters: Allows restriction of trading to specific hours and avoidance of trading during high-spread conditions.
• Weekend Protection: Provides an option to automatically close all positions before the weekend to mitigate gap risk.
• Magic Number: Tags all trades with a unique identifier for seamless multi-EA operation and portfolio management.

Input Parameters

Trade Identification

• magic_number: Unique identifier for EA trades.

Risk Management

• risk_percent_per_trade: Percentage of account balance to risk per trade.
• reward_risk_ratio: Take profit multiple of the stop loss.
• use_max_margin: Enable to use the maximum allowable lot size based on margin.

Stop Loss Configuration

• loss: Stop loss calculation method (ATR or PIP).
• loss_atr: ATR multiplier for stop loss (if loss is ATR).
• loss_pip: Fixed pip distance for stop loss (if loss is PIP).

Trailing Stop Settings

• trail_mode: Trailing stop mode (NONE, BREAKEVEN, or STEPWISE).
• breakeven_distance: Pips to move stop loss to breakeven (if trail_mode is BREAKEVEN).
• trail_steps: Number of steps for step-wise trailing stop (if trail_mode is STEPWISE).
• use_partial_close: Enable partial position closure at each trail step.
• partial_close_percent: Percentage of the position to close at each step.

Trading Time Settings

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