Introduction: Unveiling the Daily Breakout Wizard Trading Robot
Let's be clear, the Shine of a new trading robot can often blind its true essence. Daily Breakout Wizard is no exception. The name itself comes with an air of sorcery, promising to cast a magic spell on your trades. But remember, in the world of FX trading, magic rarely exists. However, let's dig deeper into this trading wizard and see what it's really about.
The full picture of the Daily Breakout Wizard can be found on the official website. The developers certainly seem to have a lot of faith in it, but we, the EASY Trading Team, may not invest ourselves blindly into anything. Reviews and ratings? Oops, sorry. There are none. We are not aware of any reviews for this product. No rating formed. But hey, it just means the stage is all set for you to be the first reviewer. Decide wisely.
Installation and Configuration: Setting Up the Daily Breakout Wizard
Installation and configuration are usually the most neglected issues in trading. But they significantly determine the robot's performance. With Daily Breakout Wizard, we recommend a standard installation process. Download the .ex5 file and copy it to your MT5 'experts' directory. However, it's the configuration that's going to decide how often the Wizard strikes with its magic.
Bear in mind, the robot functions with a breakout strategy, identifying high and low levels of the trading session and placing trades around these levels. Hence, make sure your settings match your risk tolerance and trading goals. As for the magic parameters? There's no magic. It's just a code with logic and instructions.
Experience: The 'Magic' in Action
Experience is the best teacher they say, and we've got our fair share. During our test runs, the Daily Breakout Wizard proved to be an interesting character. It certainly has its own strategy using the breakout approach. The robot either hits or misses, just like a good-old game of darts. Depending on your luck and, obviously, the market environment, your account might laugh or cry.
Improvement Tips: Fine-Tuning the Wizard
Now, if you seek to make the most of this Wizard, here are some tips. Adapt the robot to your personal trading strategy. Remember, algorithms are not set in stone. They can and should be adjusted as per your strategy and risk tolerance.
The Source Code of Daily Breakout Wizard
Ah, the original source code. Well, it's not available to us. But worry not. We, at EASY Trading Team, can craft a trading algorithm based on the descriptions available on the MQL5 website where it is sold. Note, it's not the real Daily Breakout Wizard we sell. It's a code we create based on its descriptions.
Code:
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Concluding, the Daily Breakout Wizard comes with its upheavals and downturns. Just keep in mind even the best wizards need their wizards. And we, at EASY Trading Team, are here to aid you in your trading journey.
Feel free to ask any questions about the code we have crafted for you. This code is an example from easytradingforum.com, based on the description of the Daily Breakout Wizard available on the MQL5 website. Remember, the EASY Trading Team does not sell the Daily Breakout Wizard robot. We merely develop a code based on its description for trading enthusiasts.
Your feedback? It's not just welcomed - it's required. Your review could be the first for the product, shaping its reputation in the world of FX trading. So be the first and share your experience.