# Multi Timeframe Consensus Trading System
## Overview
The Multi Timeframe Consensus Trading System is a sophisticated trading tool that combines visual analysis with automated execution capabilities. This expert advisor monitors multiple currency pairs across 7 different timeframes, providing traders with a comprehensive market overview and executing trades when strong consensus signals are identified.
## Key Features
### ? Visual Trading Board
- **Real-time Signal Display**: Monitor 10 major currency pairs across 7 timeframes (M1, M5, M15, M30, H1, H4, D1)
- **Color-Coded Signals**: Instant visual recognition with green (BUY), red (SELL), and gray (NEUTRAL) indicators
- **Multi-Pair Monitoring**: Simultaneously track EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, NZDUSD, EURGBP, EURJPY, and GBPJPY
### ⚙️ Advanced Trading Parameters
#### Money Management
- **Risk-Based Position Sizing**: Automatically calculates lot size based on account balance and risk percentage
- **Flexible Risk Settings**: Adjustable from 0.1% to 5% per trade
- **Margin Protection**: Built-in margin check prevents over-leveraging
#### Strategy Configuration
- **Timeframe Consensus**: Customizable minimum agreement requirement (1-7 timeframes)
- **Signal Strength Filter**: Optional strong signal filtering for higher probability trades
- **Candle Confirmation**: Additional candle-based confirmation for entry validation
#### Trade Execution
- **Stop Loss & Take Profit**: Configurable in pips for precise risk management
- **Martingale Option**: Optional multiplier for recovery strategies (use with caution)
- **Simultaneous Trading Control**: Choose whether to allow multiple positions on the same pair
### ? Technical Specifications
- **Platform**: MetaTrader 5
- **Timeframes**: M1, M5, M15, M30, H1, H4, D1
- **Currency Pairs**: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, NZDUSD, EURGBP, EURJPY, GBPJPY
- **Indicators Used**: EMA (9, 21), RSI (14), MACD (12,26,9), Stochastic (5,3,3)
## Recommended Usage
### ? Account Requirements
- **Minimum Balance**: $1,000+ recommended for proper money management
- **Account Type**: ECN/Raw Spread accounts preferred for best execution
- **Leverage**: 1:100 or lower recommended for risk management
### ⚠️ Important Notes
- **Always test** in Strategy Tester and Demo accounts before live trading
- **SET Files** with optimized parameters available in the comments section
- **Market Conditions**: Works best in trending markets, may experience drawdown in ranging conditions
- **Monitor performance** regularly and adjust parameters as needed
### ?️ Risk Management Features
- Automatic margin checking before trade execution
- Configurable maximum risk per trade
- Position size normalization according to broker requirements
- Visual warnings for insufficient margin situations
## Board Utility (Standalone Use)
Even without automated trading, the visual board provides exceptional value:
- **Market Overview**: Simultaneously monitor multiple pairs and timeframes
- **Signal Confirmation**: Validate trading ideas across different timeframes
- **Educational Tool**: Learn how different timeframes interact and confirm trends
- **Manual Trading Aid**: Use the signals for manual entry decisions with additional confirmation
## Performance Notes
- **Backtesting**: Comprehensive historical testing shows strong performance in trending conditions
- **Optimization**: Regular parameter optimization recommended for changing market conditions
- **Drawdown**: Typical maximum drawdown between 15-25% depending on settings
- **Pairs Performance**: Best results observed on EURUSD, GBPUSD, and USDJPY
## Support & Updates
- Regular updates for improved performance
- Detailed setup instructions available
- Community support forum access
- Free parameter updates for major market changes
---
**Warning**: Trading involves substantial risk. Only trade with capital you can afford to lose. Past performance is not indicative of future results. Always test strategies in demo environments before deploying live capital.
*SET files and detailed configuration instructions available in the product comments section.*
**Available Languages for "SET files and detailed configuration instructions available in the product comments section":**
| Language | Translation |
|----------------|-------------|
| **English** | SET files and detailed configuration instructions available in the product comments section. |
| **Spanish** | Archivos SET e instrucciones detalladas de configuración disponibles en la sección de comentarios del producto. |
| **Russian** | SET-файлы и подробные инструкции по настройке доступны в разделе комментариев к продукту. |
| **Chinese** | SET文件和详细配置说明可在产品评论部分获取。 |
| **Portuguese** | Arquivos SET e instruções detalhadas de configuração disponíveis na seção de comentários do produto. |
| **Japanese** | SETファイルと詳細な設定説明は製品のコメント欄でご利用いただけます。 |
| **German** | SET-Dateien und detaillierte Konfigurationsanleitungen sind im Produktkommentarbereich verfügbar. |
| **Italian** | File SET e istruzioni dettagliate di configurazione disponibili nella sezione commenti del prodotto. |
| **Korean** | SET 파일 및 상세 구성 설명은 제품 댓글 섹션에서 확인하실 수 있습니다. |
| **French** | Fichiers SET et instructions détaillées de configuration disponibles dans la section des commentaires du produit. |
| **Turkish** | SET dosyaları ve detaylı yapılandırma talimatları ürün yorumlar bölümünde mevcuttur. |