Introduction
Welcome to the world of automated trading with Apex Trader MT4. This trading robot, designed for MetaTrader 4, promises to handle AUDCAD, AUDNZD, and NZDCAD pairs with a smart grid system. But let's not get carried away by the hype. With a price tag of $349, you'd expect it to be flawless, right? Well, let's dive in and see what this robot is really made of.Installation and Setup
Installing Apex Trader MT4 is straightforward, but setting it up for maximum efficiency requires a bit more finesse. Follow these steps to get started:- Download the EA from here.
- Place the EA file in the 'Experts' folder of your MetaTrader 4 directory.
- Restart MetaTrader 4 and attach the EA to a chart of one of the supported currency pairs (AUDCAD, AUDNZD, NZDCAD).
- Configure the input parameters such as LotSize, GridStep, TakeProfit, and MaxDrawdown according to your risk tolerance and account size.
- Enable automated trading and let the robot do its job.
User Experience
Users like Carl Tilley and JM FO have praised Apex Trader MT4 for its performance and customer service. Carl highlights its ability to return to the mean price, which is crucial for a grid system. JM FO appreciates the different set files for various account sizes. But let's be real, no trading robot is perfect. Always scrutinize live results and perform your own backtests before committing your funds.Tips for Improvement
To get the most out of Apex Trader MT4, consider the following tips:- Backtest extensively: Use historical data to evaluate the robot's performance under different market conditions.
- Adjust settings: Customize the input parameters to match your trading style and risk tolerance.
- Monitor performance: Keep an eye on key performance metrics such as profit, drawdown, and trade history.
- Stay updated: Regularly check for updates and improvements from the developer.
Source Code of Apex Trader MT4
We don't have access to the original source code of Apex Trader MT4 sold on MQL5, but we can create a similar code based on its description. This is an example code provided by easytradingforum.com, based on the robot's description available on MQL5. Note that the EASY Trading Team does not sell Apex Trader MT4; we only created a code based on its description.
Code:
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