volatility trader and breakout ea (x-liquidex)
Info
The volatility trader and breakout ea (x-liquidex) is a Expert Advisor for MetaTrader 4 that x-liquidex is an impulsive/volatility/breakout ea. it uses range, moving averages and keltner channel.
Usage
This tool is typically used for breakout trading when price moves beyond key support/resistance levels.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use volatility trader and breakout ea (x-liquidex)
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.
What this tool does
x-liquidex is an impulsive/volatility/breakout ea.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Quantora Trade Manager MT4: Advanced Position Management for MetaTrader 4 - another powerful expert for MetaTrader 4 traders.
Also recommended: bad orders expert advisor for metatrader - similar expert with strong performance on MetaTrader 4.
x-liquidex is an impulsive/volatility/breakout ea.
it uses range, moving averages and keltner channel. it's logics are simple yet powerful.
it can best operate in time-frames that are below m30, but deep research and testings as well has to be made before it is used in the time frames.
trade logics
buy
the prices should break above the keltner channels
candle stick should be z pips long
the prices should also be above the moving average
sell
the prices should break below the keltner channels
candle stick should be z pips long
the prices should also be below the moving average
position management
break even after a pips
trailing stop after b pips
take profit after c pips
stop loss after the position goes against you by d pips
pros
it is highly profitable
most of it's trades have a high chance of materializing to profits
cons
slippage is a challenge but due to it's high probability of winning trades as well as trading towards markets volatility is wins most of the time.
consideration
when using it please do consider to minimize latency for better performance.
your inputs will be highly appreciated as well as observations.
in case you need a premium version of it that has more volatility filters, you can reach us at info(at)sbginter.com
You may also like: gaps expert advisor for metatrader - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#define account_number 0 // write here the number of account; 0 = does not check the number of account
#define indicatorfilename_kc "keltner_channels"
extern bool usemm = true; // enable/disable auto-calculation for size of lots: false = constant size of lots (value of parameter "lots"); true = calculate size of lots by percent from freemargin (parameter "risk")
extern double lots = 0.01; // size of lots (used if usemm = false)
extern double minlots = 0.01;
extern double maxlots = 100000.0;
extern double risk = 1.0;
extern int barandma_mode = 0; // (0-3) mode for rule "bullish(bearish) bar should be above(below) ma": 0 = does not use this rule; 1 = close of bar should be above(below) ma; 2 = body of bar should be above(below) ma; 3 = low(high) of bar should be above(below) ma.......
⚠ Limitations & Risk Warning
- 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.