Introduction
Welcome to the comprehensive guide on how to use the trading robot Candle Pattern Dashboard for MT5. This robot is designed to help you identify candle patterns automatically, enhancing your trading experience. However, like any tool, it has its fans and critics. With a rating of 4.2 and varied user reviews, this guide aims to help you maximize its effectiveness.Installation and Setup
Installing Candle Pattern Dashboard for MT5 is straightforward, but optimizing its settings can be a bit of a puzzle. Follow these steps to get started:- Download the Robot: Purchase and download Candle Pattern Dashboard for MT5 from this link.
- Install the Robot: Open your MetaTrader 5 platform and navigate to File > Open Data Folder. Place the robot in the MQL5/Experts directory.
- Attach to Chart: Restart MT5, then drag the robot from the Navigator panel onto your desired chart.
- Configure Settings: Adjust the input parameters such as trading symbols, timeframes, and specific candle patterns you wish to monitor.
- Enable Auto-Trading: Make sure the Auto-Trading button on the MT5 toolbar is enabled.
User Experience
The experience of using Candle Pattern Dashboard can be hit or miss. Devonish and Anand Sundar seem to be quite pleased, while Andrew William Little and Ruhail Ashraf Khan have grievances. If you are looking for immediate gratification, this might not be your cup of tea.Common issues include:
- Using every symbol in the market watch window.
- Problems with custom symbols.
- Non-responsive customer support.
However, if you’re patient and willing to tweak the settings, the robot can provide valuable insights into candle patterns.
Tips for Improvement
To get the most out of Candle Pattern Dashboard for MT5, consider these tips:- Custom Symbol List: Manually edit the Market Watch to display only the symbols you want to trade.
- Pattern Selection: Stick to well-known and reliable patterns like Doji, Engulfing, and Hammer.
- Regular Updates: Keep an eye on updates or modifications that might fix current issues.
- Community Support: Engage with the MQL5 community for additional tweaks and settings.
Source Code of Candle Pattern Dashboard for MT5
The original source code for Candle Pattern Dashboard for MT5 remains a mystery. However, you can create a similar robot based on the descriptions available on MQL5. If you have any questions regarding the code, feel free to ask. This example code is provided by easytradingforum.com and is based on the description of the Candle Pattern Dashboard for MT5, as listed on MQL5.
Code:
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While the Candle Pattern Dashboard for MT5 may not be perfect, it offers valuable insights for those willing to put in the effort to optimize its settings. Download it from this link and enhance your trading strategy today.If you have any questions, don’t hesitate to reach out. Remember, the EASY Trading Team does not sell the Candle Pattern Dashboard for MT5; we merely provide a code based on its description. Happy trading!