Maximus V X Lite

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I am sharing the fundamentals of the Maximus Expert Advisor for public review. This EA identifies and trades based on price consolidations in the chart. A price consolidation is a period when the market is stagnant and unable to make a clear move for a certain duration. Maximus identifies past consolidations, visually represents them on the chart, and initiates trades when the consolidation boundaries are breached.

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The EA uses two sets of lines to indicate buy and sell consolidations:
- Two green lines at the top represent a buy consolidation, which can trigger a sell deal in the opposite direction.
- Two red lines at the bottom represent a sell consolidation, which can trigger a buy deal.
White lines mark the beginning and end of a consolidation. If white lines are absent, the consolidation is based on pivot points (e.g., 1.2500, 1.2600, 1.2700 for EURUSD).

Key parameters:
- delay_open: Specifies the time interval after which a new deal can be opened (e.g., 1 - 15 minutes, 2 - 30 minutes), resetting after each trade operation.
- distance: The number of points from the consolidation at which a deal is triggered.
- period: The time duration after which a new consolidation search is initiated (in hours).
- range: The minimum range between lower and upper consolidations.
- risk: This parameter determines the lot size; higher risk values result in smaller lots.
- stop_loss: This should not be modified.
- trail: Typically, this should have similar values as the range parameter.

Limitations:
- The code is designed for demo accounts and works exclusively with EURUSD.
- It relies on global variables that should be cleared before each new session.
- Several essential functions are missing for a complete trading logic, including automatic loss calculation and compensation, standard deviation-based peak tracking, automatic optimization of trading parameters, 'add-on' and 'against the grain' deals, sounds, and error printing.
- The code contains intentional errors and should not be used on live accounts, even with modifications.
- It is compatible only with 5-digit deposit accounts.

Brainstorm:
I aim to discuss consolidation-based trading and welcome suggestions for improvement. For instance, the chart illustrates two different types of consolidations: 1) a consolidation within a long-term uptrend and 2) a consolidation during a downtrend that has exhausted. It might be beneficial to incorporate a type assignment mechanism and adjust lot sizes accordingly. Your insights are highly appreciated!

Miscellaneous:
I will not respond to internal messages. All discussions should take place openly on this page. I will not entertain requests related to 4-digit deposits, additional instruments, removing global variables, or basic explanations of consolidation concepts.

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#property copyright "robotfx"
extern int delay_open = 2;
extern int distance = 50;
extern int period = 20;
extern int range = 500;
extern int risk = 1500;
extern int stop_loss = 20000;
extern int trail = 500;
bool pth = false;
double all[][5],b[][2],l_max,l_min,u_max,u_min,s[][2],tprofit;

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.