Multi Strategist

Legacy Update (7.0)

• Simplified Use:
• Set to default settings.
• Change trading mode to "use JJ_NZDJPY_H1_E01V01 strategies".
• Retired Features:
• "Use barcode files" and "create barcode files" options are retired.
• Single barcode scanning is still available and can be manually added in "compatibility mode".

Multi Strategist (MS) Overview (Manual)

• Functionality:
• Strategy scanner and fully automated multi-currency Expert Advisor.
• Capable of live trading with multiple layers of risk and drawdown management.
• Provides detailed info panels about chart and terminal profits/losses.
• Includes tutorial and informational material.
• Strategies:
• Utilizes a combination of multiple indicators, candle patterns, and price action approaches.
• Analysis is done on up to four timeframes simultaneously.
• Built-in strategy scanner with over 500 unique trading approaches, including technical indicators, price action, and pattern recognition.

New Version (>6.0) Enhancements

• Expanded Features:
• Over 400 additional unique trading approaches (totaling 638).
• Ability to create trading strategies.
• Improved program running speed.
• Compatibility with indices in addition to Forex pairs.
• Enhanced drawdown guard to protect against successive losses.
• Technical Analysis Tools:
• Moving Averages, Pivot Points, Retracements, Stochastic Oscillator, DMI & ADX, Alligator, Momentum, RSI, MACD, WPR, Candle patterns, Price action trading, Trend analysis, Convergence/Divergence.

Highlights

• Suitable for both beginners and advanced users.
• Strategy scanner with around 500 unique trading approaches.
• Simultaneous analysis of multiple timeframes.
• Cloud compatibility for strategy development.
• Each strategy can have its own exit strategy.
• Applicable to Forex and CFDs (Indices).
• Multiple layers of risk and money management.
• Volatility-sensitive stop losses and take profits.
• Trailing stops and trailing take profit support.
• Partial closing of positions.
• Weekday filter and optional automatic trade closing on Fridays.
• Several info panels.
• Choice between market and pending orders.
• FTMO compatible daily drawdown management.

Recommended Settings

• Use a home PC or Windows server VPS (MQL5 VPS service is not supported, with exceptions).
• Account balance: >1000 USD (or equivalent in other currencies). Lower balances are possible but may exceed risk settings; a cent-account is recommended in such cases.
• Leverage: Over 1:100, depending on balance and strategy files used.
• Risk management:
• < 2.5% risk per trade.
• Activated DD-Guard set to 5%, which overrules the max total risk setting.

This comprehensive update and feature set make the Multi Strategist (MS) a robust tool for automated trading, offering significant improvements and flexibility for users.