Babylon

[TopicStarter]

Introduction​

So, you've stumbled upon Babylon, the latest trading robot that's supposedly going to turn you into a millionaire overnight. Oh, how many times have we heard that before? But, let's not get ahead of ourselves. Before you get too excited, let's take a look at what this robot can actually do and how you can make the most of it. We’ll cover the setup, share some personal experience, and offer you tips to maximize its effectiveness. And if you’re thinking of leaving a review, we highly encourage it—apparently, no one has done so yet.

Installation and Setup​

If I had a dollar for every time someone struggled with installing a trading robot, I'd be richer than any robot could make me. Here’s how to get Babylon up and running:

• Download the Robot: Head over to this link and snag the robot. Don’t worry, we’ll wait.
• Add to MetaTrader 5: Open your MetaTrader 5 platform and go to File -> Open Data Folder.
• Install the Robot: Navigate to MQL5 -> Experts and paste the Babylon file there.
• Restart MetaTrader 5: Close and reopen MetaTrader 5. Your shiny new robot should now appear in the Navigator pane under Expert Advisors.
• Attach to a Chart: Drag and drop Babylon onto a chart of your choice. Ensure that AutoTrading is enabled.
• Configure Settings: Open the Inputs tab and adjust settings according to your risk appetite, trading pairs, and timeframe preferences. Default settings are usually mediocre—tweak them to fit your trading style.

Experience with Babylon​

Using Babylon is like dating; it has its ups and downs. We've found that this robot behaves well in trending markets but gets a little lost during sideways movements. We experienced several profitable trades, but also some significant losses. It’s a reminder that no robot is foolproof, no matter what the marketing material tells you.

Tips for Improving Babylon's Performance​

Here are some pro tips to help you squeeze every last pip out of Babylon:

• Adjust Risk Parameters: The default settings are conservative. If you have a higher risk appetite, adjust the lot sizes and stop-loss settings.
• Use Multiple Timeframes: Monitor multiple timeframes to understand the market context better.
• Regularly Update: Always check for updates. Developers sometimes fix bugs or improve the algorithm.
• Backtest: Before you go live, use historical data to backtest and tweak the performance.
• Stay Informed: Keep an eye on economic news. Robots are not great at predicting big news impacts.

Source Code of Babylon​

Now, here's the kicker. We don't actually have the original source code of Babylon that’s up for grabs on MQL5. However, we’ve crafted a version based on its description from the MQL5 Marketplace.

If you’re curious about the specifics or need some help tinkering with the code, feel free to hit us up with your questions.

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Download Babylon Trading Robot from Easy Trading Team​

For those eager to download the Babylon Trading Robot based on our example code, you can do so at easytradingforum.com. Remember, we don’t sell the original Babylon but offer a version based on its advertised features.

Have questions or need further tweaks? Don’t hesitate to ask.