Introduction
Well, here we are again. Another trading robot promising to do what only you should be capable of – making profits in the forex market. Meet the Bands Plus robot. Sporting a 4.36 rating from users who are somehow convinced it works like a charm. But hey, don't take my word for it; let's dive in and see what this bot is really capable of.Installation and Setup
First things first. Let's get this robot up and running.- Download: Get your hands on the Bands Plus robot. It's available at this link.
- Place the File: Open your MetaTrader 5 platform. Navigate to File > Open Data Folder > MQL5 > Experts and paste the Bands Plus file there.
- Restart MT5: Restart your MetaTrader 5 platform so it can recognize the new expert advisor.
- Attach to Chart: In the Navigator panel, find Bands Plus under Expert Advisors, then drag and drop it onto your chosen chart.
- Configure Settings: Set your parameters like lot size, risk percentage, and other preferences. Alik might suggest adding another indicator for more accurate entries, but hey, that's up to you.
Using Bands Plus: My Experience
Well, let's just say I've seen better, but Bands Plus does have some redeeming qualities. Users like Miki L are happy with short-term profits, but remember, one week's success doesn't guarantee long-term gains. My advice? Run this thing on a demo account first. Get comfortable with its quirks before risking real money.Tips to Improve Performance
Think Bands Plus is as good as it gets? Think again. Here are some solid tips to squeeze more out of this bot.- Additional Indicators: Yes, Alik, you're right. Using another indicator like RSI or MACD could improve entry points.
- High Leverage: MattyTrading mentioned a leverage of 1:1000. High risk, high reward, but be careful. This isn't for the faint-hearted.
- Adjust Take Profit (TP): Lowering your TP can help in volatile markets, as MattyTrading discovered.
- Regular Monitoring: Don't leave this bot unattended for long periods. Check in frequently to see how it's performing.
Source Code of Bands Plus
So, you're ready to dive into the guts of Bands Plus, but here's the catch – we don't have the original source code. The robot being sold on MQL5 remains a black box. However, we've crafted a version based on its description, which you can find on easytradingforum.com.If you have any questions about the code or need help tweaking it, feel free to ask. Just remember, the EASY Trading Team doesn't sell Bands Plus. We've only created a robot based on its description for educational purposes.
Code:
You don't have permission to view the code content. Log in or register now.Download Bands Plus Trading Robot from easytradingforum.com
So, you're convinced and ready to give Bands Plus a whirl? Head over to easytradingforum.com to download our version based on the MQL5 description. Test it out, tweak it, and who knows? Maybe you'll find a way to turn it into a real profit machine.And there you have it. Another robot dissected and served up for your trading pleasure. Enjoy.