Introduction
Ah, ICT Concepts Improved – yet another holy grail of trading robots. Don't get your hopes too high; remember, even the best robots can't guarantee profits. This guide will help you install and set up ICT Concepts Improved for maximum efficiency. We know, it's hard to impress a veteran trader, but bear with us.Installation and Setup
Let's dive into the thrilling world of installing and setting up this trading robot. Follow these steps:Step 1: Download the Robot
Head over to the official website and download the ICT Concepts Improved trading robot.
Step 2: Install on MetaTrader 5
1. Open MetaTrader 5.
2. Navigate to File > Open Data Folder.
3. Place the downloaded *.ex5 file in the MQL5 > Experts directory.
4. Restart MetaTrader 5.
Step 3: Attach to a Chart
1. Find ICT Concepts Improved in the Navigator panel under Expert Advisors.
2. Drag and drop it onto your preferred chart.
3. Ensure Allow live trading and Allow DLL imports are enabled in the EA settings.
Step 4: Configure Settings
Oh joy, configuring settings. Adjust parameters like lot size, stop loss, take profit, and trading hours to match your risk appetite and strategy. Don’t just blindly trust default settings.
Experience with ICT Concepts Improved
Well, using ICT Concepts Improved has been... an experience. The robot follows market trends using improved ICT concepts (hence the name). It claims to minimize drawdowns and maximize profits. Sure, it works sometimes, but if I had a dollar for every time a robot misfired, I’d be... well, trading less and drinking more expensive coffee.The robot’s performance is decent, but remember, it’s just another tool. Human oversight is still necessary to avoid catastrophic trades.
Tips for Improvement
Looking to squeeze a bit more performance out of ICT Concepts Improved? Here are some tried-and-tested tips:- Regularly Update: Always use the latest version of the EA. Updates often fix bugs and improve performance.
- Backtest Thoroughly: Before going live, backtest the robot with historical data to understand its behavior.
- Adjust Settings: Customize the settings to match current market conditions and your risk tolerance.
- Combine with Other Strategies: Use it alongside other trading strategies for better diversification.
Source Code of ICT Concepts Improved
So, about the source code. We don't actually have the original code for ICT Concepts Improved sold on MQL5. However, we've created a similar robot based on its description. You can find detailed instructions on how to develop this EA on easytradingforum.com. If you have any questions about the code, feel free to ask. Remember, this is just an example, not the original code, so don't get too excited.
Code:
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