Introduction
In the vast ocean of trading tools, finding something that genuinely does what it says it does is as rare as a unicorn. Yet, here comes Account Informer MT5, a trading robot receiving rave reviews and a solid 5-star rating from its users. And while I remain skeptical about any tool's ultimate effectiveness, it's worth exploring what this robot has to offer.
Installation and Setup
Setting up the Account Informer MT5 is as straightforward as they come, or so it seems. Hopefully, you don't need a Ph.D. in computer science to get started.
- Download the Robot: First things first, download the robot from this link.
- Install the Robot: Once downloaded, open your MetaTrader 5 platform and navigate to the 'File' menu. Select 'Open Data Folder' and copy the robot to the 'MQL5' -> 'Experts' folder.
- Load the Robot: Go back to the MT5 platform, open the 'Navigator' window, find your robot under 'Expert Advisors', and drag it onto the chart.
- Configure Settings: Customize the settings according to your trading strategy. If unsure, try starting with the default settings and tweak as needed.
- Enable Auto Trading: Make sure 'AutoTrading' is enabled on your platform to allow the robot to run.
Simple as that. But, of course, nothing is ever that simple, is it?
Experience Using Account Informer MT5
My initial experience with Account Informer MT5 was, let's say, interesting. Despite its glowing reviews:
- Reliability: It indeed opens and closes trades as advertised.
- Performance: While some users like barefootbcn find it perfect, my results were mixed. The market conditions play a significant role.
- Support: Thankfully, I had no issues needing support, but others like David Hinz swear by their responsiveness.
Is it the Holy Grail of trading robots? I remain unconvinced. But it does what it says, and that's already more than many can claim.
Tips for Improving Performance
Let's be honest, there's always room for improvement.
- Monitor Regularly: Auto-trading doesn't mean you can go on a year-long vacation. Keep an eye on the trades and market conditions.
- Custom Settings: The default settings are just a starting point. Tailor them to fit your trading strategy and risk tolerance.
- Backtesting: Ensure thorough backtesting before going live. Historical data can provide insights, even if it's not foolproof.
- Diversification: Don't put all your eggs in one basket. Use the robot as part of a diversified trading strategy.
Source Code of Account Informer MT5
Here's the catch: the actual source code of the original Account Informer MT5 robot, sold on MQL5, is not publicly available. But don't despair! Based on its description, the easytradingforum.com team has developed a similar algorithm. If you have any technical questions, feel free to ask us.
Code:
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For those eager to give Account Informer MT5 a spin, head over to forexroboteasy.com. Remember, the team at EASY Trading Team doesn't sell this robot but offers a similar solution based on its description. If you have any questions or need further guidance, don't hesitate to reach out.