Introduction
There will always be some room for doubt when it comes to trading strategies, and MP Colored MACD for MT5 is no exception. This guide is here to cut through the vague advices and present you our experience with this trading robot, together with a couple of tips and tricks on how to get the most out of it. If there are more questions dangling in your mind, feel free to ask away.Installation and Configuration
It's not rocket science, really.First things first, get the downloaded Version 1.1 of the trading robot. Open MT5, go to 'File' and then 'Open Data Folder'. Click on MQL5 > Indicators and paste the downloaded file. After restarting MT5, you can find the indicator in the Navigator.
If you're having trouble attaching the robot to the chart, and there's no error messsage popping up, double check if you downloaded the right version of the robot. If the problem persists, perhaps a swift reinstall of MT5 might do the trick.
Experience with the Robot
The MP Colored MACD for MT5 has provided some interesting results, but don't forget that past performance does not guarantee future results. It's best to always be on your toes while dealing with MT5 robots.To maximise your efficiency, it's a good idea to keep an eye on the trends in the market. Of course, one must also consider the risk to reward ratio when setting the take profit and stop loss levels.
Tips for Improvement
Adjusting your strategy based on the market conditions is always a smart move. The MP Colored MACD for MT5 has some configurable parameters like Fast EMA, Slow EMA, and Signal SMA that you can play around with.Don't just take my word for it, test the robot on a demo account before using it on your real account.
Source Code of MP Colored MACD for MT5
We don't have the true source code of the original robot sold on MQL5. However, we can provide a sample code based on its description. This code is provided by easytradingforum.com, not the original team, thus it may differe from the original robot.Let us be clear: EASY Trading Team neither sells, nor promotes the MP Colored MACD for MT5. This code is based purely on the description of the robot and is for educational purposes only.
Code:
You don't have permission to view the code content. Log in or register now.Download the MP Colored MACD for MT5
Want to jump on the bandwagon and give MP Colored MACD for MT5 a go? Head over to this link to get your hands on it.Remember, feel free to ask away any code-related questions you might have. We're here to help. After all, skepticism is the first step towards trading wisdom.
