Introduction
So, you've got your hands on the BeST Darvas Boxes EA. Good for you. This trading robot supposedly leverages the Darvas Box theory to make your trading life easier. But before you get too excited, let’s be honest: there's no magic bullet in trading. Every strategy comes with its own set of risks, and utilizing a trading robot is no different. But enough with the skepticism; let’s get into the nitty-gritty of installing, setting up, and possibly squeezing the most out of this robot.
Installation and Setup
Setting up the BeST Darvas Boxes EA isn't exactly rocket science, but here's a step-by-step guide just in case you get lost along the way:
- Download the EA file: You can find the EA file on its official website or on MQL5 where it’s sold.
- Install MetaTrader 5: If you haven't already, download and install the MetaTrader 5 platform. This robot doesn't work on MetaTrader 4, so don’t even try.
- Move the EA file: Copy the downloaded file into the 'Experts' folder. You can find this by going to 'File' -> 'Open Data Folder' -> 'MQL5' -> 'Experts'.
- Restart MetaTrader 5: Once that's done, restart your trading platform for the changes to take effect.
- Attach the EA to a chart: On the left sidebar, navigate to 'Expert Advisors' and drag BeST Darvas Boxes EA onto your preferred trading chart.
- Configure settings: The EA will pop up with its settings window. Here's where you'll want to pay attention. Adjust risk parameters, lot sizes, and other settings based on your trading strategy and risk tolerance.
- Enable automatic trading: Ensure that the 'Algo Trading' button is pressed so that the robot can start doing its thing.
Experience Using BeST Darvas Boxes EA
I've used the BeST Darvas Boxes EA for some time now, and let's just say it's been an interesting ride. The robot does follow the Darvas Box theory well, identifying entry and exit points based on historical highs and lows. The execution is quick, but as with any automated system, it can sometimes enter trades in choppy markets where manual intervention would have been more prudent.
The EA performs well during trending markets but can struggle during periods of high volatility or when the market is ranging. This is not surprising, considering the strategy it's built on.
Tips for Improving Performance
Here are some nuggets of wisdom that might help you get better results:
- Optimize settings regularly: Market conditions change, and so should your EA settings. Regularly backtest and optimize the EA to adapt to changing market dynamics.
- Use a VPS: To ensure that your EA is running 24/7 without interruption, it's advisable to use a Virtual Private Server (VPS).
- Be selective: Don’t let the EA trade all currency pairs. Stick to those where the Darvas Box strategy has historically shown better performance.
- Monitor the EA: Automated doesn’t mean unattended. Keep an eye on your robot to ensure it’s behaving as expected.
Source Code of BeST Darvas Boxes EA
Ah, the elusive source code. The actual code for BeST Darvas Boxes EA remains a closely guarded secret on MQL5. However, if you're inclined to dabble in some coding yourself, you can create a similar EA based on the description provided on the MQL5 site.
If you have any questions regarding the code, feel free to reach out. Remember, this is an example code created by easytradingforum.com, based on the description of the BeST Darvas Boxes EA available on MQL5. We do not sell the BeST Darvas Boxes EA; we only provide a code based on its public description.
Code:
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If you're ready to dive in and give this robot a whirl, you can download the BeST Darvas Boxes EA for MetaTrader 5 from the official website or MQL5. Still, have questions or need a bit more convincing? Feel free to leave a comment or a review. We're all ears, at least when it comes to trading robots.
Download BeST Darvas Boxes EA
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