maximus v X lite
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use maximus v X lite
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
I have decided to post the basics of maximus expert advisor for public consideration. This includes identification of consolidations in the chart and trading based on consolidations. Price consolidation is a spot in the chart where market gets stuck and cannot make a definite move for a while. Maximus tracks such consolidations in the past, draws them in the chart and then opens deals if consolidations' boundaries get hit. Two green lines on top define a buy consolidation (which can also lead to a sell deal in the opposite direction), two red lines at bottom define a sell consolidation (which can also lead to a buy deal). White lines are the start and end of where a consolidation was identified. If you don't see white lines, this means a consolidation was identified based on pivot points (these can be 1.2500, 1.2600, 1.2700 etc for EURUSD). So simple.
delay_open – once this expires a new deal may be opened (1 - 15 mins, 2 - 30 mins etc); timer restarts after each trade operation;
distance – points from consolidation after which a deal opens;
period - once this expires, a new consolidation search is performed (hours);
range - minimal range between lower and upper consolidations;
risk - this defines lot; the higher the value, the lower is lot;
stop_loss - should not be changed;
trail - usually should accept same values as range does.
Limitations.
The above code:
works only on a demo account and only with EURUSD
relies on global variables which should be removed before each new session
does not include a whole range of functions which should be optimal for finalizing the logic of the advisor (automatic calculation and compensation of potential losses, tracking piques based on standard deviation, automatic optimization of new trading parameters, "add-on" deal, "against the grain" deal, sounds and error printing)
includes a number of intentional errors, so it MUST NOT be used on live accounts, even if modified
may only be used with 5-digit depo
Brainstorm.
My purpose is to discuss this consolidation based trading. Looking forward to hearing any suggestions regarding consolidation improvements. For example, the picture shows: 1) a consolidation somewhere in the lower part of a long-term trend up and 2) a consolidation of a trend down which ran out. These are different types of consolidations. It probably stands to reason to integrate a kind of type assignment and, say, open different lots matching different consolidations. Please tell me what you think!
Misc.
I am not going to read internal messages, any discussion should be open and develop on this page. If you ask me to implement 4-digit deposit methods, other instruments, modify it to work without global variables, explain once over what consolidation is etc etc, I am going to yawn at you.
