Introduction
Today, we dissect the infamous AW Ichimoku EA trading robot, which with a smirk, I must confess, seems to be fetching results for traders, per feedback and a commendable rating of 4.5. Despite the caution I apply in every trading strategy, it's impossible to ignore the whispers about this one. In this guide, we will focus on how you can set up, and optimize its settings for utmost efficiency.Installation and Setup
First, we need to acquire AW Ichimoku EA from the MQL5 marketplace or its official website. After downloading and installing it in the MetaTrader terminal, you need to attach it to the relevant currency chart. Navigate to settings. This is where you can tweak this somewhat mysterious beast. Now, remember folks, every tool here is double-edged. You might want to keep your risk settings moderate to avoid such frightful scenarios as account wipeouts.Note: It's crucial to capture as much historical data as you can for proper backtesting before letting this thing loose in the live market.
Experience Using The Robot
Judging from user comments, there's a mix of outcomes. One user, Zainal Arifin saw an impressive 11% weekly profit with a drawdown less than 5% when testing on multiple pairs. However, this user also reported a lack of support from the developer, which is something to think about.Apprenticepress, another user, had quite an adventure using AW Ichimoku EA. With some wins and some losses, what stands out is their warning 'not to trade corresponding pairs aggressively' - or face the painful repercussions. This serves as a reminder that no matter how promising a trading robot might seem, using it without a proper understanding might lead to disastrous results.
Improvement Tips
It's worth paying attention to the selection of currency pairs. According to user feedback, some pairs tend to present more risks than others. So, diversify your portfolio and avoid trading corresponding pairs aggressively to minimize risk.AW Ichimoku EA Source Code
We're not privy to the original source code of the AW Ichimoku trading robot sold on MQL5, but a fair shot can be taken to create a code based on the robot's description on the MQL5 website. If you fancy a challenge, visit the easytradingforum.com for an example of the code. Remember, it's based on the description, so there might be potential discrepancies. Feel free to ask questions concerning the code there.
Code:
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In conclusion, the AW Ichimoku EA has shown significant potential in forex trading. Despite its few drawbacks, with proper risk management and understanding, this tool can be a valuable addition to your trading arsenal.Disclaimer: The EASY Trading Team does not sell the AW Ichimoku EA trading robot. The code provided is an interpretation based on the description provided on MQL5. Always conduct thorough research before using any trading tools. And remember, the market always has the last laugh.
Happy trading, folks!