x Liquidex Mod1
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. 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 x Liquidex Mod1
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
X-liquidex is an Impulsive/Volatility/Breakout Expert Advisor. It uses Range, and .
It's logics is 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.
MODIFICATION
Equity protection;
Hours trading and deleting pending trades outside working hours;
Put all Bid in ticks in a matrix;
Calculating volatility for resizing all the tick matrices.
