INTRODUCTION

Coral MultiMAX is an MT4 EA for automating Portfolio Administration whereas Place Buying and selling a Imply Reversion technique on a number of pairs. 

Coral MultiMAX is constructed on prime of a single-symbol place buying and selling EA known as CoralMAX.  CoralMAX is built-in to MultiMAX; you don’t want a separate EA to run MultiMAX.  Every thing is self-contained within the MultiMAX EA.  

In brief, Coral MultiMAX runs a bunch of kid EAs for place buying and selling.  Every little one EA takes entries based mostly on a imply reversion technique, utilizing RSI/ADR extensions and reversals as entry circumstances.  MultiMAX will management which EAs can take trades based mostly on a lot of components that may normally should be managed by hand: Publicity, Bias, and Portfolio Measurement, and a lot of different guidelines.  There are additionally choices for performing computerized drawdown management (DDC) when issues go towards you.  All mixed it’s a practically fully automated method to place buying and selling imply reversion.  You’d solely must replace your buying and selling bias as you want; and infrequently take some motion if one among your trades strikes too far towards you, a situation that MultiMAX will provide you with a warning to.

MultiMAX can’t be used within the MT4 technique tester, which is designed for testing EAs on a single pair.   If you wish to backtest for a single pair, CoralMAX does assist this.

There may be additionally a extra complete downloadable PDF information obtainable for MultiMAX, hooked up to this weblog submit.

QUICK START GUIDE

1. Symbols – The entire pairs you need to commerce should be obtainable in Market Watch in your MT4 occasion.  In case your dealer makes use of a prefix or suffix on image names, make sure you add these within the inputs.  If the image identify is greyed out in Market Watch, it’s NOT obtainable for buying and selling.

• Select the symbols you need Max to commerce within the “SYMBOL SETTINGS” part of the inputs.  By default it’s configured to commerce 28 Foreign exchange pairs, however you may have full freedom to alter it.

2. Put MultiMAX on a chart.  

• Image – The image on the chart doesn’t matter, the EA will commerce the pairs you configure it for no matter what chart it’s on.  
• Timeframe – The chart timeframe controls when every little one EA will contemplate taking a commerce.  If you happen to’re buying and selling the H1/M5 Imply Reversion technique, for instance, then put this on an M5 chart.  
• Set the Magic Quantity to one thing distinctive.  This might be utilized by all trades taken by MultiMAX throughout all pairs.  The EA received’t have any bother preserving all of its personal trades on totally different pairs separate, however it’s possible you’ll not need it to aim to handle trades which can be taken manually or with different EAs.  If you happen to set the magic quantity to zero then MultiMAX will handle ALL trades in your portfolio for which it has an emblem loaded, even these taken manually and by totally different EAs.  Not really helpful.

3. Bias – If you happen to’re utilizing Bias, use the arrows subsequent to every image within the “Bias” column to set the route to allow every little one EA to commerce.  This information is saved to a file and reloaded as wanted so that you don’t must reset these every time you begin up.

That’s just about it.  Configure it to your preferences and let it go.  Now and again it’s possible you’ll need to replace Bias as that modifications over time (or simply use Bias as type of an on/off change for particular person little one EAs).  

OPTIONS

• MAXIMUM MultiMAX Trades – The utmost variety of trades that MultiMAX will enable to be taken on the similar time (i.e., the utmost variety of pairs that might be traded on the similar time).
• BIAS RULE – Whether or not bias guidelines might be used to manage if a CoralMAX occasion can take a commerce.  If you happen to set this to “false,” the Bias column isn’t displayed.
• BIAS 2nd COLUMN – A second Bias column that you should utilize to trace extra bias information.  As an example, when you use the primary Bias column for an general setting, and need to additionally monitor a secondary measure equivalent to COT route, retail sentiment and so on, you possibly can monitor that right here.  The BIAS 2nd COLUMN NAME is the label that might be displayed within the header of the column and within the Toolbar, so you possibly can name it something you want.
• EXPOSURE RULE – Whether or not publicity guidelines might be used to manage if a CoralMAX occasion can take a commerce.  If HEDGED EXPOSURE is “false” then you definately Max will solely commerce in a single route per forex as much as the restrict.  When “true” then the bounds apply in every route  As an example, with a restrict of two and hedged publicity is “true” you possibly can have as much as 2 lengthy and a pair of quick on a forex.  When hedged publicity is “false,” when you’re in a forex in a single route, Max is not going to open a commerce for that forex in the other way. 

ℹ️ NOTE: If you happen to allow hedging (Permit Hedged Baskets) then HEDGED EXPOSURE is routinely turned on.  In any other case Max would by no means take hedged trades.

ℹ️ NOTE: You possibly can customise the publicity restrict per forex, see Publicity Limits above.

• EXPOSURE ROW – When the EXPOSURE RULE is turned on you can too optionally show a row on the backside of the window to show your present publicity per forex.

• SWAP RULE – Whether or not the swap rule might be used to manage if a CoralMAX occasion can take a commerce.  When true, if the swap prices for a pair in a route exceed the swap restrict, a commerce in that route is not going to be permitted.   As an example, if the swap prices for a pair to commerce quick is -2.50, and you’ve got the restrict set to -2.00, then the EA is not going to commerce this pair quick.
• As well as, the colours used for different values within the Symbols record might be proven in a lighter coloration when the swap rule is turned on and a commerce is disallowed in that route.
• FILTER ACTIVE ON LAUNCH – The very first thing I at all times do after I begin up MultiMAX is develop each sections and filter the record.  I did it so typically I received bored with doing it, so I added this feature to set that state routinely.  However the default for this feature is “false,” as a result of when you begin up MultiMAX for the primary time and don’t see any symbols within the record (it’s filtered to solely present energetic trades, however there aren’t any energetic trades), it might be complicated.
• NUMBER OF ROWS PER PAGE – You probably have a lot of trades open, the variety of trades can exceed the dimensions of your chart.  This parameter units the variety of rows to point out within the Symbols record at a time, and you’ll web page ahead and backward by way of the record by utilizing the paging controls on the toolbar or the keyboard shortcuts.
• ALWAYS SHOW TOOLBAR – When true, the toolbar on the backside of the Symbols record will at all times be displayed (when the Symbols part is expanded).  When false, the toolbar will solely be displayed when the variety of rows exceeds the NUMBER OF ROWS PER PAGE parameter (i.e., it solely reveals when it’s wanted for paging).
• AUTO CLOSE IN PROFIT AT TIME – When true, any trades which can be in revenue on the specified time will routinely be closed.
• TIME TO AUTO-CLOSE TRADES IN PROFIT – A string of the format “HH:MM” on a 24-hour clock.  NOTE, this time should be a a number of of the chart timeframe the place MultiMAX is working.  We are going to verify for this time on a brand new bar, so when you’re on an M5 chart and the time says “23:49”, it is not going to match. 
  
• STOP / START TRADING TIME – Strings of the format  “HH:MM” on a 24-hour clock.  Permits you to specify a time vary for disabling buying and selling, for example in a single day when spreads are sometimes wider.  When disabled no processing from any little one EAs might be executed, and a message is displayed within the standing bar indicating when buying and selling will resume.  To disable this function set each the beginning time and cease time to the identical time.
• STOP TRADING AT DD % – In case your whole portfolio drawdown reaches this worth, MultiMAX is not going to take any new trades.  Present trades will nonetheless have the ability to scale in as their circumstances allow.  Set this worth to 0.0% to disable.  This restrict doesn’t ship its personal alert, because you’d even be getting alerts from ALERT AT TOTAL DD%.

⚠️ NOTE: This refers back to the trades open in an occasion of MultiMAX, to not all orders open in your MT4.  In case your account is in 25% of drawdown and you’ve got STOP TRADING AT DD%  set to twenty%, however the trades open in Max are solely at 5% drawdown, Max will proceed to commerce.

PORTFOLIO DRAWDOWN CONTROL

MultiMAX has the flexibility to watch the drawdown in your complete portfolio and take motion in case it’s getting out of hand.

• Cease Buying and selling at DD% – If you attain this quantity of drawdown in your portfolio, don’t enable any new trades to be taken.  Any trades which can be at present open can nonetheless scale-in as typical.
• Enabled Portfolio DDC – Flip this setting on to allow this function.  Having a separate change for this ensures that trades in loss will not be by chance closed by MultiMAX whenever you begin it up.
• Portfolio DDC at DD% – When your portfolio reaches this quantity of drawdown, the DDC motion is initiated.
• Portfolio DDC% – Scale back this quantity of drawdown out of your portfolio.  MultiMAX will first discover the image being traded with the best drawdown, after which for that image and route will discover the commerce that’s the farthest away from present value.  It is going to try and do a partial shut from this commerce of as much as Portfolio DDC%.  There are a few necessary issues to notice:
• If the commerce is smaller than the Portfolio DDC%, then all the commerce is closed.  Not the entire place on this image!  Simply the farthest commerce from present value.
• If it’s not potential to do a partial shut as a result of the lot dimension is simply too small (e.g., you might be already buying and selling with minimal lot sizes), then all the commerce might be closed, even when the commerce worth is > Portfolio DDC%.

ALERTS

• Alerts & Notifications– Activates and off the alerting options.  Commonplace MT4 stuff.
• ALERT REPEAT DELAY – After getting an alert, how lengthy earlier than you get one other alert for a similar pair.  Not all alerts are created equal:
• REPEAT DELAY: Transient alerts such a the RSI Filter, ADR Filter and HTF Breaker Filter.
• ONCE PER DAY: Alert at # positions, commerce DD%, whole DD%, commerce BE (reset each new day, on the primary tick of the day)
• EACH TIME: New trades or positions, commerce closed, HTF MA route change, RSI in DD
  
  
• ALERT ON NEW TRADE/POSITION/CLOSE – Ship an alert/notification for commerce operations. 
  
• ALERT ON HTF MA CHANGE – You probably have trades on a pair and the HTF route modifications, an alert might be despatched.

  This alert will ship whether or not you may have the HTF MA Filter on or off, however provided that a change in HTF route is detected for a pair that you’ve an energetic commerce on.  The concept is that when you’re utilizing the HTF Filter for bias and you’ve got trades open, you’ll in all probability need to check out these trades and determine if some motion is required. 
  

• ALERT ON BIAS (2) CHANGE – If you happen to’re in a commerce and you’ve got BIAS RULES or (BIAS 2 RULES) turned on, and bias was beforehand within the route of your commerce however then modifications to now not be within the route of your commerce, then obtain an alert.  You may need to contemplate getting out of this commerce on this scenario.
• ALERT AT TOTAL GAIN % – Notify you whenever you’ve made this a lot revenue.  That is based mostly on the Whole % for all EAs, which is the sum of each day revenue for all EAs; this worth is cleared day-after-day.  
• In case your whole acquire exceeds this quantity, the “Whole %” cell within the totals row might be highlighted in inexperienced.
• ALERT AT # POSITIONS/TRADE DD%/TOTAL DD% – These are the alerts/notifications that would point out it’s time to start out contemplating some drawdown management.  The commerce or portfolio is getting exterior of your Consolation Zone.
• You probably have a commerce that exceeds ALERT AT TRADE DD%, the PnL% cell for that commerce might be highlighted in crimson.
• In case your portfolio exceeds the ALERT AT TOTAL DD%, the “Whole DD%” cell within the totals row might be highlighted in crimson.
• ALERT ON RSI in DD – When you find yourself in a commerce that’s in drawdown, if RSI exceeds the RSI Excessive (for a SELL) or the RSI Low (for a BUY), obtain an alert.  The alert doesn’t require a breaker, this solely considers RSI.  The explanation for this alert is that this represents market circumstances when it’s possible you’ll need to contemplate an aggressive entry.

• ALERT ON AUTO-CLOSE – You probably have enabled AUTO-CLOSE AT TIME and Max closed out trades in revenue, an alert might be despatched with the outcomes.
• ALERT ON TRADE BE – You probably have a commerce that was in drawdown however has reached BE, and it has at the least # POSITIONS for BE ALERT, this may ship an alert.
• The extra positions a commerce has, the upper the chance and the quicker the acquire or drawdown will rise and fall.  If you happen to’ve had a commerce in drawdown and it will get to BE, it’s possible you’ll need to be alerted to this case so you possibly can regulate targets.  As an example, in case your default Goal % is 0.25% however this commerce has many positions, then it’ll seemingly hit your goal in a short time and preserve transferring.  This could be a great time to contemplate transferring your goal farther away.  

SYMBOLS

Use this part to manage which symbols might be utilized by MultiMAX for buying and selling.  Every image turns into an occasion of CoralMAX EA to commerce that pair.

• SYMBOL PREFIX/SUFFIX.  In case your dealer makes use of a prefix or suffix on the pair’s identify, then it’s essential to determine that right here.
• SELECT SYMBOL SOURCE. 
• MARKET WATCH – All trades listed in your Market Watch might be traded
• CURRENT CHART – Simply the one Image for this chart
• CURRENTLY OPEN TRADES – Load the pairs for which you may have open trades
• MAJORS – AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY
• LIST – An inventory which you customise within the subsequent row
• SYMBOL LIST – When “LIST” is chosen above, that is the record of symbols to make use of.

The remainder of the OPTIONS obtainable in MultiMAX come from CoralMAX, please see the weblog submit right here for extra info.