Instructions:
To install the bot go into MetaTrader 4
Press “File” and then ”Open Data Folder”
Go into “MQL4” and then “Experts”
Paste the folder “Midas” in the folder and refresh your Expert Advisors
Pull the Expert on the chart you wish to trade on
o Recommendations:
Use it on XAUUSD
Use M1
Don’t forget to turn on Live trading
Activate Auto Trading
The bot already has optimal inputs put in place, however feel free to change them
Enjoy
Warnings:
Avoid using the bot on Monday, Friday and the weekend
o You can turn it off in the inputs
o Due to higher activity on the market on this days the accuracy of the bot sinks
Do not to trade while news
o News change the chart unpredictably which leads to randomness
(We want to avoid this)
o Stop the bot half an hour before the news and only use it half an hour later
o You can check what news are going on here:
[Link]
o Avoid when the symbol next to USD is red
Disclaimer:
Neither the seller nor Blank take any responsibility for results the bot provides
o This includes:
Financial losses due to the bot
Violations and complications with your broker
Illegal actions with the bot
This bot is simply an automated indicator with a high degree of accuracy
Any losses which occur are not compensated
o This includes:
Loss of accounts
Loss of money
Inputs:
Most of the inputs are already set in place for you. You just need to adapt: Lot_Size, TP, SL,
DailyDrawDown and the times for MorningStart, PauseStart, PauseEnd, and EveningEnd.
By default the bot starts with Lot_Size=0.2, TP=25, SL=500 and DDD (DailyDrawDown)=450.
Those are settings for an account, which can lose 500 units of currency daily. If your account
allows more or less, those values need to be adapted proportionally. E.g. an account which
can lose 1000 units of currency daily needs those settings: Lot_Size=0.4, TP=50, SL=1000
and DDD (DailyDrawDown)=900.
Lot_Size: The Size of the lots the bot starts with. Smaller Lots result in smaller risk and smaller reward
TP: Amount of money needed for the bot to close all open trades
SL: Amount of losses needed for the bot to close all open trades (after a few simulations it shows
that the SL is not really useful, so its recommended to keep it smaller than the DailyDrawDown)
UseDailyDrawDown: Allows for a DailyDrawDown (Please keep this on true)
DailyDrawDown: Amount of money the bot may lose per day. Keep it a little lower than the actual
ammount. This is because trades do not close instantly so the bot could lose more then you are
allowed to
TraidingOn...: If true allowes the bot to trade on the day. If false prohibits the bot to trade on those
days. (Please only trade on Tuesday, Wednesday and Thursday)
MorningStart: Sets the time from which on the bot starts trading. Use this to declare when the bot
starts trading in the morning. Use military time to set it correctly (e.g., 6am -> 600, 6pm->1800,
14:30->1430 etc.)
AutoPause: Allows using a Pause Timer. While the timer is active, the bot WILL NOT trade. Use this
to skip news
PauseStart: Declares when the pause starts, use military time like described in MorningStart
PauseEnd: Declares when the pause ends, use military time like described in MorningStart
EveningEnd: Sets the time from which the bot ends trading. Use this to declare when the bot ends
trading during the evening. Use military time like described in MorningStart
CloseTradesAtPauseStart: If true closes all trades, which are still open at the start of the pause. If
false does not do anything
Midas belongs to BlankTrading and is only allowed to be sold by partners
