Introduction to Golden Taipan FX Trading Robot Usage Guide
Golden Taipan FX, a name that might sound as alluring as a mythical creature to some, especially those who have left reviews such as Jing2017 Neri, proclaiming the EA's allegedly incredible performance in adverse market conditions, or 220072256, who seems to be thrilled about its trailing feature to limit losses and maximize profits. While these remarks pique curiosity, one might still question the reality behind the curtain.Installation and Setup of Golden Taipan FX
Installing the Golden Taipan FX on your Metatrader 5 platform is a relatively straightforward process. Download the .EX5 file and move it into your Experts folder located in the MQL5 directory of your MT5 terminal. Then, simply run the MT5 platform, find the robot in the Navigator panel, and drag it to your desired chart.As for the EA settings, well, they are much like any other trading robot. Lot sizes, pip steps, stop loss levels, take profit parameters, trailing stops, and the like. While these parameters can be tweaked according to individual risk appetite, it is advisable to test these settings in a demo environment before going live. Remember, just because user schnitzler88 enjoyed chatting with the developer does not assure a guaranteed profit.
Experience in Using Golden Taipan FX
Golden Taipan FX markets itself as a profitable and dynamic system, an assertion that seems to be backed by some fervent users. But being a professional trader, one should treat these praises with skepticism until proven otherwise.The system performs reasonably well in backtests and has shown to have some degree of resilience in the face of adverse market conditions. However, it's important to bear in mind that past performance, be it backtests or live trades, does not guarantee future results, especially in the realm of automated trading.
Suggestions for Enhancing Golden Taipan FX Performance
To enhance the performance of Golden Taipan FX, users can consider the following:- Devise a risk management strategy - deciding on lot size, amount of capital to risk per trade, and maximum drawdown level.
- Utilize sound money management practices - avoiding over-trading, taking profits when necessary, and not letting losing trades run.
- Regularly update the EA - ensuring to have the latest version of the EA installed, as updates often come with performance improvements and bug fixes.
Source Code of Golden Taipan FX
We must clarify that the source code for the original Golden Taipan FX is exclusive to the developers. But, fear not, the EASY Trading Team provides a re-coded version based on the product description from MQL5. Please note, this is not the actual EA sold on MQL5 but a version re-created by our team.
Code:
You don't have permission to view the code content. Log in or register now.Download Golden Taipan FX - A Step Towards Automated Trading
Interested in trying out the Golden Taipan FX trading robot? Head over to forexroboteasy.com for a detailed breakdown of the EA's performance stats.If you have any questions regarding the re-coded version of the Golden Taipan FX, feel free to ask. Do remember, this is a version by EASY Trading Team, not the original Golden Taipan FX. Happy trading!