Introduction
AW Turtles Indicator MT5 is a trading robot developed based on the renowned Turtle Trading strategy. Despite its impressive reputation, it's always good to approach with a healthy dose of skepticism. With user comments like Excellent indicator and Very good indicator, it seems to be well-received. But let's not get carried away just yet. Here's a no-nonsense guide on how to install, configure, and potentially make the most out of AW Turtles Indicator MT5.Installation and Setup
Installing AW Turtles Indicator MT5 is pretty straightforward, even for a seasoned skeptic like myself.- Download the Indicator: Visit the official download page here.
- Copy to MT5 Directory: Copy the downloaded file to the 'Indicators' folder in your MetaTrader 5 directory.
- Restart MT5: Close and reopen MetaTrader 5. The indicator should now appear in the 'Navigator' panel under 'Indicators.'
- Apply to Chart: Drag the indicator onto the desired chart.
- Configure Settings: Adjust the settings according to your trading strategy. Typical settings include period lengths, risk percentage, and trade sizes.
Experience Using AW Turtles Indicator MT5
Here's where it gets interesting. Despite the buzz, I approached this indicator with a degree of skepticism. On initial use, it did seem to provide solid trade signals. But let's not forget the golden rule: no trading strategy is foolproof. Here's a summary of my experience:- The indicator performed well during trending markets but struggled during choppy, sideways markets.
- It provided a clear visual of entry and exit points, which was helpful.
- Backtesting showed decent results, but it's always wise to test on a demo account before going live.
Tips for Improving Performance
Even the best tools can use a little tweaking. Here are some tips to enhance the performance of AW Turtles Indicator MT5:- Adjust Time Frames: Customize time frames according to your trading style. Some users like SNiama pointed out the need for more flexibility here.
- Use in Conjunction with Other Indicators: No indicator should be used in isolation. Combine AW Turtles with other tools like moving averages or MACD for a more robust strategy.
- Regular Updates: Keep an eye on updates from the developer to ensure you're using the latest version.
Source Code of AW Turtles Indicator MT5
We don't have access to the original source code of the AW Turtles Indicator MT5 sold on MQL5. However, our team at EASY Trading Team can create a similar script based on the algorithm description available on MQL5. Feel free to reach out if you have any questions or need a custom solution.
Code:
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