A Hard-nosed Guide to Advanced Bollinger Bands Scanner MT4
Ever been enticed by the thrill of automated trading using an Expert Advisor (EA)? While some traders may have experienced a breeze, others like MYASLAN prefer a refund. With a smirk, I present the Advanced Bollinger Bands Scanner MT4, a trading robot that just might fit the bill for you. But, remember, this is just an overview based on the robot's description with a grain of salt.
Installing and Configuring the Advanced Bollinger Bands Scanner MT4
Installing this tool can be a cakewalk. Purchase it from the MQL5 market, download, drag-and-drop onto your MT4, set the necessary parameters, and voila, it gets going.
While the robot's parameters might seem baffling, here's a breakdown:
1. MaxSpread: The maximum spread where the EA will be operational.
2. MagicNumber: A unique identifier for the EA's order.
3. Lots: The lot size the EA will trade with, and so on.
Optimization is the Holy Grail here, so ensure a robust backtest before diving in.
Experience with Advanced Bollinger Bands Scanner MT4
Well, trading is a not a bed of roses, and the Advanced Bollinger Bands Scanner MT4 is no exception. It's more of a tool providing market information than an auto-trading robot. And yes, you got me right! It works on data, and how you interpret it makes the difference.
Tips for Better Performance
No promises here, just a few tips:
- Tune the settings as per your trading style and risk appetite.
- Regularly monitor its performance.
- Always keep an eye on the market conditions and adjust parameters accordingly.
Source Code of Advanced Bollinger Bands Scanner MT4
Here's the kicker! The original source code of this robot, as sold on the MQL5 marketplace, is still a mystery. However, we can mimic its functionality based on the product description.
If you are interested in debating about the code, feel free to drop your questions (easytradingforum.com). Just a reminder though, this is an approximation based on the product description and not the original version.
Remember, we at EASY Trading Team do not sell the Advanced Bollinger Bands Scanner MT4.
Code:
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Have your curiosity piqued? Download the Advanced Bollinger Bands Scanner MT4 from the MQL5 marketplace. Just a word of caution - tread carefully in the world of auto-trading. It's not always as rosy as it seems! An informed decision is your best weapon.
Keep an eye out and trade smart!