Quantum
This software component for MetaTrader 4 is built to enhance the capabilities of your trading environment. 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 Quantum
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
One of the implementation variants of the Quantum trading system.
This implementation includes only the principle of awaiting the extreme price value withing the amount of bars specified by the trader from the original Quantum system:
Red labels — local maximums, after which it is recommended to make short trades, and the blue ones — local minimums, after which it is recommended to make long trades.
Improvement of the system is the filtration of the received signal using the Stochastic indicator. Confirmation of the price extremum is the exit of the main line of the Stochastic from the overbought or oversold areas.
Thus, a significant portion of false alarms gets filtered out. However, there is some delay and hence, the opening price of the trade is deteriorated. However, the use of filtering outweighs these disadvantages.
Stop Loss of the opened position is set beyond the last registered price extremum. Take Profit is not set by default, although the trader has the ability to specify its size in points from the opening price. The closure of the trade in profit is performed when the main line of the Stochastic exceeds the values, specified in the input parameters "Level to close Buy" and "Level to close Sell".
The detailed review of the strategy and the results of its testing are given in the article .
