Introduction
Welcome to the world of algorithmic trading. Today, we'll delve into the nitty-gritty of the Basic Candlestick Patterns trading robot. Spoiler alert: it's just another robot. But hey, it might help you pocket some profits if you know what you're doing.Installation and Setup
Ready to set up the robot that could—or could not—make you a fortune? Here’s how you do it:- Download the Basic Candlestick Patterns trading robot from this link.
- Open your MetaTrader 5 platform and go to File > Open Data Folder.
- Navigate to MQL5 > Experts and drop the downloaded file into this folder.
- Restart MetaTrader 5.
- In the Navigator window, find your new robot under Expert Advisors. Drag it to your desired chart.
- Adjust the settings as per your trading needs. Variables like lot size, stop loss, take profit—all the usual suspects.
Installation done. Now, let’s set it up for maximum effectiveness. This is where the magic—or lack thereof—happens.
Experience Using the Robot
I’ve used a ton of robots, so don't expect a standing ovation for this one. The Basic Candlestick Patterns robot does what it promises—identifies basic candlestick patterns and trades based on them. Nothing more, nothing less.User comments like Calix Fujimoto’s “This is nice” and Danmar’s “look very interesting” should be taken with a grain of salt. No robot is a magic bullet.
Tips for Improvement
Here’s where we get real. If you’re expecting a robot to do all the work while you sip cocktails on a beach, sorry to burst your bubble. Here are some tips to actually get some mileage out of this bot:- Manual Overrides: Just because the robot wants to trade, doesn’t mean it should. Keep an eye on it.
- Market Conditions: This robot sucks in choppy markets. Use it in trending markets to see better results.
- Optimize Settings: Continuously tweak the stop loss, take profit, and other variables. Default settings are for suckers.
Source Code of Basic Candlestick Patterns
Ah, the elusive source code. The original Basic Candlestick Patterns robot is sold on MQL5, and good luck getting your hands on its source code. However, if you're keen, you can code your own version based on its description on the official website.We at EASY Trading Team don’t sell this robot. We've only created our own version of a trading robot inspired by the Basic Candlestick Patterns.
Code:
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If you're looking to download the Basic Candlestick Patterns trading robot, head over to forexroboteasy.com. Remember, while downloading and setting it up is easy, making a profit isn't.Got questions about the code? Feel free to ask. Just remember, don’t expect miracles.