maximus v x lite
Info
The maximus v x lite is a Expert Advisor for MetaTrader 5 that the expert advisor determines price consolidation levels. consolidations are visually displayed as horizontal lines on a chart, forming a kind of a channel.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install 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.
What this tool does
the expert advisor determines price consolidation levels.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Aegis Quantum Lite - another powerful expert for MetaTrader 5 traders.
the expert advisor determines price consolidation levels. consolidations are visually displayed as horizontal lines on a chart, forming a kind of a channel. the two upper lines (green) indicate the corridor for buy positions, and the two lower lines (red) mark a corridor for sell positions:
Also recommended: vr locker lite: a trading strategy based on positive locking - similar expert with strong performance on MetaTrader 5.
the ea tries not to open more than two positions of each type (buy and sell). the following rule is used: if there is a position, then the next position of the same type can be opened no earlier than aftertrade once in the "timeframe of checked elements"
* number of seconds on the
history: timeframe of checked elements
timeframe.
input values
trade once in "timeframe of checked elements"
- the minimum time interval, after which the second position can be opened (the parameter value is multiplied by
history: timeframe of checked elements
);
minimum indent from to the consolidation line to open a position
- the minimum distance from the current consolidation line to position opening level;
history: range candle (high - low)
- the minimum candlestick size for calculating consolidation;
history: data count to copy
- the number of requested elements for calculating consolidation;
history: number of checked elements for max and min
- the number of analyzed elements inside
history: data count to copy
;
history: timeframe of checked elements
- the timeframe, on which consolidation is calculated;
risk in percent for a deal from a free margin
- risk per trade calculated as percent of free margin;
stop loss
- the stop loss value (50 means 0.00050 on 5-digit quotes and 0.0050 on 4-digit quotes);
min profit (percent)
- the minimum profit (in percentage), upon reaching which all positions are closed;
magic number
- unique identifier for the ea.
testing results on eurusd, h1 with default parameters:
You may also like: position size pro lite: interactive risk calculator - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ 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.