NEXUS MT5 INPUTS – My Trading – 8 August 2023

List and brief explanation of the inputs of version 7 of NEXUS for MT5

• Symbol Selection: Regardless of Prefix or Suffix. Often, some brokers add additional suffixes to symbols, such as “EURUSD.p”. However, there’s no need to worry about this. In the following input, you can simply select “EURUSD” or other similar symbols, without considering these adjustments.
• Choose Symbol (Select): This parameter provides you with the flexibility to choose the symbol you want to trade with. You have a variety of options to choose from. In this version of the Expert Advisor (EA), there’s no need to use predefined sets. The parameter sets are already loaded within the EA, specifically optimized for each symbol. Therefore, you can focus on selecting the symbol that interests you the most. In case you want to modify other aspects, such as lot sizes, you can do so regardless of the selection you make here.

Entry Logic

• Entry Simultaneous Conditions: Set the minimum number of simultaneous signals required to initiate a position.
• Close Trades by Opposite Condition: Decide whether positions should be closed when a contrary condition is met. It’s important to note that this function will only be effective if the hedging function is disabled. If hedging is independent or collaborative, this parameter will have no effect.
• ENTRY LOGIC X: Activate or deactivate various entry logics in your strategy, each corresponding to different types of signals or specific trading patterns.
• Use POC as part of the strategy: If enabled, you will incorporate the Point of Control (POC) into your strategy. Keep in mind that this parameter is exclusive, meaning that if it’s set to true, even if all other strategies are met, if the target Point of Control (POC) is not found, new trades won’t be opened. Also, note that this strategy is not counted in the total number of signals required to open a trade.

Timeframes

• Technical Analysis Timeframe: Set the time interval for conducting technical analysis. In most NEXUS entry strategies, this timeframe acts as a base, although the system uses multiple timeframes in its decisions.
• PriceAction Analysis Timeframe: Set the time period for price action analysis. Additionally, this is the timeframe in which the grid will operate. Generally, with a few exceptions, if you set this parameter to M15, the EA will open trades at most every 15 minutes. This parameter is highly relevant, as it functions as an implicit volatility filter, in addition to complementing the EA’s own volatility filter.

Lot Size Strategy

In this version of the EA, you have the flexibility to adjust the initial lot size based on your balance. Since you likely have a substantial balance but may want to use only a portion of it on each chart, you can make the relevant modifications using the following parameters.

• Lot Size Strategy: Choose the strategy to determine lot size in your trades. It’s worth noting that this parameter is optimizable on its own. The underlying logic of this input is based on the concept of centroid, where each strategy supports the operation’s position more or less with respect to the centroid. If you’re interested and familiar with advanced trading concepts, I’d be happy to provide more details.
• Initial Lot Type: Decide whether the initial lot size will be constant or calculated specifically. In other words, whether you want a fixed initial lot or if you prefer it to be determined based on the total balance or a portion of it, you can adjust it below.
• Initial Lot: Set the initial lot size.
• Initial Lot for each: Define the initial lot size for each specific amount.

Martingale Money Management Strategy

• Martingale Loss Multiplier: Set the loss factor for the Martingale strategy in trades other than the third, fourth, and fifth.
• Loss Multiplier 3rd-4th-5th: Define the loss factor for the third, fourth, and fifth trades. It’s important to note that while the first trades may have a higher multiplier, causing a rapid increase in trade size, the sequence will continue from the fifth trade as if the initial multiplier had been the Martingale Loss Factor. As a result, at this point, the trade size may decrease relative to the previous one.
• Max Trades: Set the maximum number of allowed trades.
• Close At Max Trades: If enabled, trades will be closed upon reaching the maximum allowed number of trades.
• Max trades for cycle activation: Determine the maximum number of trades to activate a cycle.
• Min trades for grid activation: Define the minimum number of trades required to activate a grid.

Calendar Filter

• Enable day of the week filter?: Activate or deactivate the day of the week filter.
• Trade X day: Determine whether trading is allowed on the corresponding day of the week.
• Day of the week filter action: Define the action to take if the day of the week is not allowed.

Hourly Filter Configuration

• Enable time of day filter?: Activate or deactivate the time of day filter.
• TOD_From_Hour, TOD_From_Min, TOD_To_Hour, TOD_To_Min: Set the range of hours for the filter.
• Time of the day filter action: Define the action to take if the time of day filter is not met.

Trade and Risk Control Parameters

• Magic Number, EA Comment, MaxSlippage, MaxSpread, HedgingMode, TradeType, Use_Stop_Loss, Stop_Loss: Control various aspects of trades, including identification, comments, maximum slippage, maximum spread, hedging mode, trade type, use of stop loss, and stop loss levels.

Take Profit Configuration

• Take Profit Metric: Choose the metric for take profit.
• Take Profit Money: Set the profit target in terms of money.
• Take Profit Pips: Set the profit target in terms of pips.
• Take Profit %ATR, TakeProfitATRTimeFrame, TakeProfitATRPeriod: If you select “TP_PERCENT_ATR”, you can set the percentage of Average True Range (ATR) for the take profit.

Steps Configuration

• Step Type: Define the type of increment between trades.
• Pips: Specify the increment in pips.
• ATR/StdDev Mult: Determine the multiplier to calculate the increment based on ATR.
• Grid Contra/Trend Ratio: Set the ratio between the trend and counter grid.

Display Configuration

• ShowInfo: If enabled, display an information panel in the user interface.
• VisualType: Allow selection between different display types.
• ShowCycleButton: Control the presence of a button to manually stop trading.

News Filter

It’s important to note that the news filter operates in GMT time. Additionally, consider the following indication: “Add link to the list of allowed URLs in the Tools/Options/Expert Advisors tab”: https://nfs.faireconomy.media

• Enable News Filter: Enable or disable the news filter.
• TimeZone: Set the time zone for news.
• Choosing the importance of the news: Select the importance of news to be filtered.
• Before news (min), After news (min): Set the time interval in minutes before and after news to avoid opening trades.

Recovery Mode

Recovery Mode operates through partial closures, meaning you can close, for example, the last and first trades, or those that are more profitable and more losing. This gives you the flexibility to maintain other open trades, which will be managed through partial or simultaneous averaging depending on the circumstances.

• Allow Recovery Mode: Enable or disable Recovery Mode.
• Recovery Activation: Define how Recovery Mode will be activated.
• Hours to begin Recovery: Set the number of hours to initiate recovery.
• Opened Trades for Recovery: Define the number of open trades required to activate recovery.
• Opened Lots for Recovery: Set the lot size for recovery.
• Percent Loss for Recovery: Define the loss percentage to activate recovery.
• Recovery Take Profit Money, Recovery Take Profit Pips, Recovery Take Profit ATR Percent: These parameters determine the take profit targets for recovery.
• Adjust Take Profit to Martingale: Adjust the take profit according to the Martingale strategy.
• Use Week Benefits?: Allow the use of weekly benefits in recovery.
• Week Benefits To Keep: Define the amount of weekly benefits to protect.

Risk Filter

• Enable Risk Filter?: Activate or deactivate the risk filter.
• Risk Time Frame: Set the time frame for risk calculation.
• Risk Volatility Period, Risk Deviation Period: Set the periods for volatility and deviation calculation.
• Risk Deviation Threshold: Define the deviation threshold to filter risks.
• Risk Filter Action: Define the action to take if the risk threshold is exceeded.

Display Configuration

• ShowNews: Show or hide news in the interface.
• InpCorner, InpX, InpY, InpDis, InpFont, InpFontSize, InpTextColor, InpBack: Adjust the appearance and location of elements on the screen.

Grid Filters

• Choose Grid Filter: Allow selection of different grid filters.

Point of Control (POC)

• Use POCs: Enable or disable the use of Point of Control (POC).
• Number of bars to analyze, Timeframe: Set parameters for POC analysis.
• Tolerance in percentage: Define the percentage tolerance for POCs.
• Division of range into blocks: Divide the range into blocks for POC analysis.

New Beta Functions

• volumeCalculationOption: Allow selection of volume calculation options.