Introduction
So, you've stumbled upon Bonnitta Gold MT5, an Expert Advisor that promises to turn your trading world upside down. With a rating of 5 and glowing reviews, it seems like the golden goose of trading robots. But let's not get carried away. As a professional trader and MQL5 programmer from the EASY Trading Team, I'm here to give you the lowdown on this EA, without the fluff.Installation and Setup
First things first, installing Bonnitta Gold MT5 is straightforward. Follow these steps to get started:- Download the EA from this link.
- Open MetaTrader 5 and navigate to the File menu.
- Select Open Data Folder and then go to the MQL5 directory.
- Place the downloaded EA file into the Experts folder.
- Restart MetaTrader 5.
- In the Navigator panel, find Bonnitta Gold MT5 under Expert Advisors and drag it onto the XAUUSD chart.
- Configure the input parameters: set your leverage, starting capital, and risk level.
- Enable AutoTrading to start the EA.
The EA is designed to work with high leverage (400 and above) and a starting capital of $10,000. Make sure your broker supports these conditions.
User Experience
Now, let's talk about the user experience. According to user reviews, Bonnitta Gold MT5 has its fair share of fans. J B, for instance, has been using it for over a year and praises its profitability and the author's support. Guang Ming Yong Song also commends its risk management and quick asset growth. However, let's not forget that this EA is aggressive and requires a significant amount of capital to avoid margin calls.In my experience, the EA does what it promises, but it's not a magic bullet. You need to monitor it and be prepared for drawdowns. The secretive custom indicator and trading algorithm are intriguing, but they also mean you have to trust the black box.
Tips for Improvement
To get the most out of Bonnitta Gold MT5, consider these tips:- Monitor Regularly: Don't just set it and forget it. Keep an eye on the trades and adjust settings as needed.
- Use a VPS: Ensure your EA runs 24/7 without interruptions by using a Virtual Private Server.
- Diversify: Don't put all your eggs in one basket. Use other EAs or manual trading strategies to balance your risk.
- Adjust Risk Levels: Start with a lower risk level and gradually increase it as you get comfortable with the EA's performance.
Source Code of Bonnitta Gold MT5
We don't have access to the original source code of Bonnitta Gold MT5, which is sold on MQL5. However, based on its description, we have created a sample code that mimics its functionality. This code is available for educational purposes and can be found on easytradingforum.com. Remember, this is not the original code, but a recreation based on available information.
Code:
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