Introduction to MACD Double Trading Robot
The MACD Double is an automatic trading robot that has been marketed as a breakthrough, according to those who've been generous enough to comment. They claim it to be intuitive, a great adaptation of the MACD, and even dare to call it great, with a good implementation idea to reduce the graphic clutter. Now, as a professional trader and a MQL5 programmer from EASY Trading Team, I am not easily impressed, and, be warned, I always maintain a healthy dose of skepticism. However, let's delve into this supposed trading genius, shall we?Installation and Settings
The installation process of the MACD Double is, in fact, no rocket science. After the purchase from the MQL5 community, the app will auto-install itself into your MetaTrader platform. Then, from the Expert Advisors list, select MACD Double to apply it to the chart of the selected currency pair. Don't forget to enable automated trading in the platform settings, because we all know how easily the most apparent things can slip by.Tip: Make sure to test the robot on a demo account before letting it lose on the live battlefield. Use the tester built into MetaTrader to verify its performance.
Experience in Using
Like any other trading robot, MACD Double is not a magic pill for all your trading woes. As a seasoned trader, I've found that it may perform well in trending markets, but it can run into hurdles during periods of range-bound or volatile markets.Remember: Always keep a vigilant eye on the performance and be ready to intervene if things go south. Automated does not mean hands-free.
Suggestions for Improvement
While the MACD Double supposedly has a decent reputation according to its users on MQL5, there's always room for improvement. I'd suggest continually adjusting the settings to fit the current market condition. A static robot in a dynamic market is a recipe for a disaster, my friend. I'd also recommend better money management integration into the robot to reduce risk and increase profits.Source Code of MACD Double
Now, here is the thing. We do not possess the original source code of this trading robot available on MQL5. Oh, the secrecy! However, based on its description, we've brewed a similar code over at easytradingforum.com. If you wish to dig into it, feel free to ask your questions, I'm here, sipping my coffee, waiting.
Code:
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