Expert Advisors and Indicators for MetaTrader 5

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MetaTrader 5

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MT5 Max Planck Dax

mt5-max-planck-dax-logo-200x200-1262
200.00 USD142.00 USD

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Information

Experts
MetaTrader 5
Jose Camps Malonda
2.1
5

Overview

MaxPlanck is a bot that can be configured to work with individual inputs or a martingale variable. Depending on the configuration and risk that you want to assume, it can be configured at any time.

The bot is optimized for the DAX index, but it could be adjusted for other indices, currencies, or even commodities.

To MT4 plataform -->  https://www.mql5.com/es/market/product/74978

ATTENTION: It is recommended to operate in the sessions of Europe and the United States.


BASIC OPERATION: Depending on the configuration inserted in the "INDICATOR SETTINGS" section, the bot will open the corresponding operation. From here several things can happen, that directly the market goes in favor, or that, on the contrary, it turns. If the first thing happens, we reach the takeprofit and we win the operation, but if it is turned on the contrary, the bot will calculate where the stoploss would be and close the operation. In the case of closing by stoploss, the bot will save how much money it has lost and where the order was placed, so it will be able to make use of the configuration inserted in the "MARTINGALE SETTINGS" section to continue with the operation.Basically it is a martingale but without keeping all the operations open, so if the market takes a big turn, the whole lot will not drag against it.

Recommended a broker where the size of the contract is 1 and a leverage 1: 500 is allowed to start with a minimum of between 150 - 200 $


HOW TO INSTALL:

- Set up a single bot in the same account.

- Carry out some BackTest to understand how it works

- Adjust the desired settings for the settings.

- Preferably work the DAX index, with the recommended settings

- Fine tune the configuration values ​​according to Broker


INPUTS

  1. Magic number: Id to save/read data file
  2. Enable Buy: Allow longs    
  3. Enable Sell: Allow shorts   
  4. TakeProfit (0 = None): TakeProfit value in pips
  5. StopLoss   (0 = None): StopLoss value in pips
  6. Lot: Fixed trading lot
  7. Maximum lot: Max allowed traging lot
  8. Minium force: Min value to force indicator
  9. Maximum force: Max value to force indicator
  10. Trend timeframe (0 = current): Timeframe to trend study
  11. Candles study trend (0 = Disable): Number of candles to trend study
  12. Orders distance: Min distance (in pips) between trades to open new trade 
  13. Distance to multiplyDistance (in pips) to multiply lot into new trade
  14. Horizontal position window: Window position on X axis
  15. Vertical position window: Window position on Y axis
  16. Restore mode (true = BOT DISABLED): When the bot generates an error when starting or changing metatrader, we must modify the start values. In this state the bot does not operate
  17. Read saved data (valid if "Restore mode" is true): If you want to see the data that the bot has stored, choose true. If the bot generates an error, it must choose fals


DISCLAIMER: Never forget that past performance is no guarantee for the future.     I always recommend to run first on demo account or very low risk live account.  It is very important to understand how a system works, and what are the ups and downs.


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RISK WARNING: fx-market.pro is a software reseller, we do not offer investment advice or execute trades. The software we provide is a tool where the settings are input by the end user to design their own trading strategy. Trading forex and CFDs carry a high degree of risk to your capital and it is possible to lose your entire deposit. Only speculate with money you can afford to lose. As with any trading, you should not engage in it unless you understand the nature of the transaction you are entering, and the true extent of your exposure to the risk of loss. These products may not be suitable for all investors, therefore if you do not fully understand the risks involved, please seek independent advice.

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