Leos Climax EA
- Experts
-
Julie Fredo Gianan
"No live or active accounts managed, no proprietary trading firms managed, no active trading accounts—just a simple newbie trader with no good track record to show.
Struggling to be a hard-working EA and indicator developer. Why don't you try my Expert Advisor? " - Versione: 1.10
- Attivazioni: 10
This Expert Advisor (EA) is designed to automatically trade based on price action and volume climaxes, featuring custom risk management, multi-tier trade splitting, and an interactive on-chart user interface.
TimeFrame: strictly M5
Here is a breakdown of how it works:
1. Core Strategy & Entry Logic
The EA looks for market "climaxes" using price range and volume data (via its internal Witness Volume Engine):
Climax High/Low Detection: It analyzes bars over a lookback period (WitnessLookBack) to identify points where volume multiplied by the candle's price range reaches extreme values.
Trend Filtering: It uses a Triple Exponential Moving Average (EMA) setup (periods 8, 13, and 21) to determine the prevailing trend direction (emaUp or emaDown).
Options 1, 2, & 3: Depending on the selected input configurations (InpBuyOption and InpSellOption), it triggers trades when specific sequences of volume climaxes align with or counter the EMA trend lines.
2. Risk & Money Management
Dual-Tier Position Sizing: When a trade triggers, it splits the total position into two separate orders based on account risk (defaulting to 1.5% total account risk):
Tier 1 (Climax_T1): Takes up 65% of the position size and targets a fixed reward equal to the risk range (1:1 risk-to-reward ratio).
Tier 2 (Climax_T2): Takes up 35% of the position size as a "runner" with dynamic trailing stops.
Configuring Safety Controls in the Inputs Tab
When you attach the EA to a chart, the Inputs tab allows you to customize the risk and safety thresholds without touching the source code. Here is how you can edit each safety control:
InpRiskPercent (Default: 1.5)
InpMaxDailyProfit (Default: 1000.0)
InpMaxDailyDD (Default: 2.5)
InpMaxTotalLoss (Default: 8000.0)
3. Trade Management & Exits
Breakeven & Trailing: Once Tier 2 reaches halfway or full target distance, its stop loss moves to breakeven, and a dynamic trailing stop (range * 0.5) follows the price.
Emergency Pattern Exits: It monitors multi-bar close patterns against recent highs and lows to prematurely exit or close trades if momentum reverses sharply.
4. Protection & Restrictions
Filename Locking: The function CheckFileName() ensures that the compiled file cannot be renamed. It requires the exact name LEOS_EAv1.
Expiration Date: The EA includes a hardcoded expiration date (Expiry = UNLIMITED).
5. Interactive GUI. It creates an on-chart control panel in the lower-right corner of the MetaTrader window with buttons for manual BUY, SELL, TRAIL (On/Off), and bulk closing commands (EXIT BUY / EXIT SELL).
Disclaimer |IMPORTANT: PLEASE READ CAREFULLY BEFORE USING THIS EXPERT ADVISOR (EA) = No Financial Advice: High Risk Warning: Past Performance: Past performance is not indicative of future results. Limitation of Liability: The developer, author, and distributor of Climax EA assume no responsibility or liability for any direct, indirect, or consequential losses, damages, costs, or expenses (including, without limitation, loss of profits) incurred directly or indirectly through the use of, or reliance upon, this software. You assume complete responsibility for all trading decisions and financial outcomes. Use at Your Own Risk.
