Introduction
Advanced Chart Patterns Tracker is a high-powered trading robot designed for identifying patterns and trends in the financial markets. With glowing reviews from users like faribaostovar and Ms Pauline Ainsley, it's easy to see why traders are drawn to it. But let's cut through the noise and look at how to set this up and make it work for you.Installation and Setup
Installing and setting up Advanced Chart Patterns Tracker is rather straightforward, but let's walk through the steps to ensure you do it right.Step 1: Download the Trading Robot
First things first, you need to download the robot. Visit this link to get your copy.
Step 2: Install the Robot on MetaTrader 5
Once you've downloaded the file, open MetaTrader 5 and follow these steps:
- Navigate to the File menu and select Open Data Folder.
- In the Data Folder, go to MQL5 -> Experts and paste the downloaded file here.
- Restart MetaTrader 5.
Step 3: Activate the Robot
After restarting, you'll find the robot under Navigator -> Expert Advisors. Drag it onto the chart where you want to activate it. A settings window will pop up.
Step 4: Configure the Settings
In the settings window, you'll have multiple options to configure:
- Zig Zag Settings: Adjust these to see different patterns for lower or higher time frames.
- Moving Average Confirmations: Enable this to get entry levels based on moving average confirmations.
- Breakout Lines: Set these to identify potential breakout points.
User Experience
Let’s be frank, no trading robot is perfect, but Advanced Chart Patterns Tracker comes close. With solid ratings from traders like Khalid Hamdan who find it Excellent, it seems like it has something to offer. The robot excels in identifying patterns and trends, making it a valuable tool in a trader's arsenal. Some users even claim it paid for itself within a day of trading XAUUSD. Quite the sales pitch, eh?Tips for Improvement
Even the best tools can be optimized further. Here are some tips to get the most out of your Advanced Chart Patterns Tracker:- Backtest: Always backtest your settings on historical data before going live.
- Combine Indicators: Use other indicators like RSI or MACD to confirm the patterns identified by the robot.
- Stay Updated: Make sure you are using the latest version of the robot. Developers frequently release updates for performance enhancement.
Source Code of Advanced Chart Patterns Tracker
The true source code of Advanced Chart Patterns Tracker is a closely guarded secret, especially if you're buying it from MQL5. However, if you're interested, you can create a basic version based on its description on MQL5. While this won't be the exact code, it will give you a foundational algorithm to play with.If you have any questions about the code, feel free to ask. Remember, this is an example code from easytradingforum.com and is based on the description of Advanced Chart Patterns Tracker available on MQL5. EASY Trading Team does not sell this robot; we merely provide a code inspired by its description.
Code:
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