Introduction
From the house of EASY Trading Team, we present to you the Grid Averaging Pro MT4. It's a trading robot that may or may not fascinate you, depending on your trading proclivities. As there are no reviews or ratings formed for this product yet, your constructive review could benefit many others.
Installation and Setup
The Grid Averaging Pro MT4 is quite straightforward to install. You need to download the .ex4 file and copy it to MT4's 'Experts' folder. To find this folder, simply right-click on the Expert Advisors in the Navigator window and select Open. Then restart the MT4 for the changes to take effect.
As for the settings, you should be aware that every parameter can influence the robot's performance. Therefore, it is recommended to test and adjust the settings according to your trading style and risk tolerance.
Some key parameters you can adjust include:
- StartLots – this parameter determines the initial lot size.
- Multiplier – this controls the lot multiplication for the averaging positions.
- Step – this defines the distance between averaging positions.
- TakeProfit – this sets the profit level for the whole basket of orders.
Experience of Using
As professional traders who are hard to impress, we've put the Grid Averaging Pro MT4 to test. It employs a grid strategy, continuously placing orders at certain intervals and averaging down the entry price as the market moves against the position.
Regardless of its 'pro' label, this robot isn't immune to market forces. Don’t forget, there's no sure-win tool in trading.
Tips for Improvement
Do not let the robot control your account blindly. Regular monitoring and adjustments are required. Optimize the robot's parameters according to current market conditions. And never risk more than you can afford to lose.
Detailed robot statistics can also provide insights for improvement.
Source Code of Grid Averaging Pro MT4
The real source code of the Grid Averaging Pro MT4 is an enigma. But based on the description provided on the MQL5 website where the original algorithm is sold, we can sketch an algorithmic representation.
Should there be queries about the code, feel free to drop them. Please note that this is a mockup code from easytradingforum.com and is based on the description of the Grid Averaging Pro MT4 as sold on MQL5.
The EASY Trading Team neither sells nor is affiliated with the original Grid Averaging Pro MT4.
Code:
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To sum it up, Grid Averaging Pro MT4 is a tool that may or not be your cup of tea. It's worthy of exploration but treat it as one of many tools in your trading arsenal.
Ready to take this trading robot for a spin? Download Grid Averaging Pro MT4 now. Don’t forget to review because, apparently, it’s the first for this product! Happy trading.