Instructions for using Multi Matrix Trader

Instructions for using Multi Matrix Trader

8 July 2019, 18:11
Stefan Petkov
5
2 487

This is a step-by-step instruction for using Multi Matrix Trader.

Multi Matrix Trader : https://www.mql5.com/en/market/product/40268

Live account monitoring : https://www.mql5.com/en/signals/604257

Requirements:

  • Minimum investment: $1000
  • VPS is a must.
  • Broker with low spread (STP/DMA preferable).
  • ESMA Suitable with leverage as low as 1:25.


1.Make sure that all currency pairs that are being used are in the window Market Watch :

Press Ctrl+U and open the traded FX pairs : CADCHF, EURCHF, USDJPY, USDCHF, EURGBP, AUDCHF, GBPJPY, EURJPY


2. Installing the EA on the chart

Open CADCHF and attach Multi Matrix Trader ONLY to CADCHF H1

Make sure you have checked "Allow live trading" and enabled Automated Trading


If everything is alright and the expert is ready to trade, you should see the label in the top left corner light in green like this : 


Input parameters:

  • UsePanel                                - Enable/Disable the trading panel
  • Comment                                 - Change the comment of the expert advisor
  • Mode                                    - Choose between different types of trading styles Moderate/Conservative/Old_Conservative.
  • FIFO - Set it to true, if your broker should comply with the FIFO rule.
  • Money_Moderate - By default it will be set to automatically increase your lot size per every $1000 in your account, while using Moderate mode. You can change it to whatever value you would like
  • Money_Conservative - By default it will be set to automatically increase your lot size per every $3000 in your account, while using Conservative or Old_Conservative mode. You can change it to whatever value you would like
  • AutomaticCurrencyConverter - By default it will be set to true and it will recalculate your money management if you are not using one of the main EA currencies (USD,EUR). It is optimized to recalculate : AUD, CAD, CHF, JPY, GBP, NZD.
  • VolumeSize                              - Choose the desired lot sizes for the orders
  • PartialInvestment                       - If you would like to invest only part of your funds you will need to set this function on true 
  • PartialInvestedFunds                    - Type how much you are willing to invest into the system
  • Allow_CADCHF_EURCHF_ToTrade             - Allow (true) or forbid (false) the expert to trade on the specific pairs
  • Allow_USDJPY_USDCHF_ToTrade             Allow (true) or forbid (false) the expert to trade on the specific pairs
  • Allow_EURGBP_AUDCHF_ToTrade             Allow (true) or forbid (false) the expert to trade on the specific pairs
  • Allow_GBPJPY_EURJPY_ToTrade             Allow (true) or forbid (false) the expert to trade on the specific pairs
  • ForbidNewPositions_ManageTheCurrentOnes - If you would like to change the broker and you have currently opened positions, setting this function on true, will forbid opening new positions and only managing the currently opened ones.
  • MaxSpread - Set the maximum allowed spread. By default it will be set to 30 (3.0 pips) 
  • BreakEvenPercentage_Moderate_OldConservative  - WARNING! Before making any changes to the Break Even percentage, contact me!
  • StopLossCADCHF_EURCHF                   - By default the Stop Loss for the specific pairs is 7%, however, if you would like to increase/decrease it you can change it to whatever value you would like. 
  • StopLossUSDJPY_USDCHF                   - By default the Stop Loss for the specific pairs is 7%, however, if you would like to increase/decrease it you can change it to whatever value you would like.
  • StopLossEURGBP_AUDCHF                   - By default the Stop Loss for the specific pairs is 7%, however, if you would like to increase/decrease it you can change it to whatever value you would like.
  • StopLossGBPJPY_EURJPY                   - By default the Stop Loss for the specific pairs is 7%, however, if you would like to increase/decrease it you can change it to whatever value you would like.
  • UseGlobalStopLossAtPercentage           - If you would like to set up your stop loss on percentage based on all positions turn  set this function on true
  • GlobalStopLossAtPercentage              - Type the desired percentage of stop loss in %
  • UseGlobalTakeProfitAtPercentage         - If you would like to set up your take profit on percentage based on all positions turn  set this function on true. 
  • GlobalTakeProfitAtPercentage            - Type the desired percentage of take profit in % 
  • IncreaseLength - If you have overlapping issues with the panel try setting it to 10. If it's still overlapping try increasing the number.
  • IncreaseDistanceBetweenProfitAndPercantege - If the current results is overlapping with the percentage try setting it to 10. If it's still overlapping try increasing the number.
  • Percentage_CADCHF_EURCHF -If you would like to change the take profit percentage for the certain group you can change increase/decrease the value, by default it will be 0.6
  • Percentage_USDJPY_USDCHF -If you would like to change the take profit percentage for the certain group you can change increase/decrease the value, by default it will be 0.5
  • Percentage_EURGBP_AUDCHF -If you would like to change the take profit percentage for the certain group you can change increase/decrease the value, by default it will be 0.6
  • Percentage_GBPJPY_EURJPY -If you would like to change the take profit percentage for the certain group you can change increase/decrease the value, by default it will be 0.5
  • AllowTrading_Monday   - If don't you want the EA to trade on Monday, set it to false.
  • AllowTrading_Tuesday  - If don't you want the EA to trade on Tuesday, set it to false
  • AllowTrading_Wednesday   - If don't you want the EA to trade on Wednesday, set it to false
  • AllowTrading_Thursday  - If don't you want the EA to trade on Thursday, set it to false
  • AllowTrading_Friday  - If don't you want the EA to trade on Friday, set it to false


Frequently Asked Questions 

Why should I trust Multi Matrix Trader ? – I am the creator and developer of Multi Matrix Trader and I have personally invested 100,000.00 EUR into my trading strategy. I believe no other developers selling his systems here are investing more than couple of thousands in his own strategy. I am showing real results, with real trades not only back tests.

Why am I selling Multi Matrix Trader if it's working? – Rephrasing the question – Why successful mutual funds, invest funds, pension funds are still accepting new investors?   It is very simple – I am benefiting from the performance of the Multi Matrix Trader and on top, I am also generating additional incomes from selling my knowledge and experience build in the trading interface and I believe it is fair enough.

I have heard a working trading system would stop working if many traders start to using it. Is it true? – Absolutely not and the explanation is very simple – There are many electronic trading hubs/exchanges, liquidity pools and dark pools where banks, investment firms, pension and investment funds brokerage companies as well as commercials are buying and selling currencies accepting the orders: LMAX, Currenex, Integral, Broadway and many others. When a retail client sends an order, his brokerage company if it ECN/STP broker receives and transmit the order for execution in one or more Liquidity pools where many banks , investment companies, mutual funds trades for them and also for their customers, so there are huge liquidity to accept the orders. That said, from the execution side it might influence with some positive/negative slippage, but that is all – the orders always will be filed and the system will keeps working.  

Just to open a brackets if the order is executed with Market Maker broker, this is not a scalping system and even the Market Maker broker could cover the trades and to benefit from spreads difference and still to achieve “win-win” case.


For more details about the performance of the EA or any questions don't hesitate to contact me.


Best regards,

Stefan

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