Big Player Candles

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Apr 15, 2024
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Introduction​

Let's face it, trading robots are a dime a dozen. But every now and then, one pops up that catches even my skeptical eye. Big Player Candles could be one of those, but do remember - in trading, there are no guarantees. This guide will walk you through how to set up and use this robot. After all, you can't expect it to perform miracles straight out of the box.

Installation and Setup​

To get started with Big Player Candles, follow these steps:

  • Download the Robot: Head over to this link and download the robot.
  • Transfer to MT5: Move the downloaded .ex5 file to your MetaTrader 5 'Experts' folder.
  • Restart MT5: Restart or refresh MetaTrader 5 to recognize the new expert advisor.
  • Attach to Chart: Drag the Big Player Candles EA onto your chart.
  • Configure Settings: Set your preferred lot sizes, risk percentages, and other parameters to fit your trading strategy. Don't forget, over-optimization can be as bad as under-optimization.
  • Enable Algo Trading: Make sure 'Algo Trading' is turned on in your platform.

Usage Experience​

I've put Big Player Candles through some vigorous backtesting and live trading. Results are mixed - it performs best during high-volatility periods. It seems reasonably accurate, but always keep an eye on its performance and make adjustments as needed. It's not a set and forget type of robot, despite what some glowing reviews might suggest.

Tips for Improvement​

Here are a few tips to consider:

  • Tweak Parameters: Regularly revisit your settings to adapt to changing market conditions.
  • Risk Management: Never risk more than you can afford to lose. Adjust the lot size and risk percentage wisely.
  • Constant Monitoring: Don’t let the robot trade unsupervised for extended periods. Check in regularly.
  • Diversify: Use it in conjunction with other strategies or robots to spread your risk.

Source Code for Big Player Candles​

Let's not kid ourselves, the original source code for Big Player Candles isn’t something most of us will get our hands on. However, there’s enough detailed description available on the MQL5 marketplace that we can create a similar bot. If you’re curious or have questions about coding it, feel free to ask. Remember, this is just an example based on the available description.

Code: 
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Download Big Player Candles Robot for Free​

Ready to take the plunge? Head over to forexroboteasy.com to download the Big Player Candles trading robot. If you've got any questions about the code or how it works, don’t hesitate to ask. Keep in mind, the EASY Trading Team doesn’t sell the Big Player Candles robot, but we’ve created code based on its description for educational purposes.
 
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