Introduction
Welcome to the no-nonsense guide for using the Multi Timeframe Support and Resistance Zones MT4 trading robot. With a plethora of glowing reviews, like the one from simonlongster, who confidently claims, Just purchased and works perfectly, we know expectations are high. But let's keep it real: no strategy is foolproof. Here’s how to install, configure, and maximize the effectiveness of this trading robot, sprinkled with some skepticism for good measure.Installation and Setup
Installing the Multi Timeframe Support and Resistance Zones MT4 is straightforward, but let’s not assume it’s a walk in the park. Here's how:- Download the Robot: First, head over to the official site and download the robot.
- Open MT4: Launch your MetaTrader 4 platform. File > Open Data Folder.
- Install the Robot: Navigate to MQL4 > Experts and paste the robot file you downloaded.
- Refresh MT4: Go back to your terminal and refresh the Expert Advisors list.
- Load the EA: Drag and drop the EA onto the chart and adjust the settings to your preference.
- Enable AutoTrading: Ensure AutoTrading is enabled to let the robot do its magic—or lack thereof.
User Experience
First impressions based on user feedback:- Effective But Not Perfect: Users like tunck suggest it deserves a rating of 4 stars or higher but note that resistance/support blocks could use some improvement.
- Universal Praise: Praises like those from simonlongster indicate immediate success, but it’s important to remember that these experiences can vary.
- Template Issues: As bighead1971 points out, it lacks the ability to open charts with saved templates—you’ve been warned.
- Repainting Issues: Terry Alan Lamb is not impressed; he mentions that the indicator repaints, which could be problematic.
In my experience, the robot is capable but don't expect it to print money automatically. Its functionality can be best described as promising but not revolutionary.
Tips for Improvement
You’re probably already dreaming of making millions, but hold your horses. Here are some tips to enhance the robot’s functionality:- Tweak Parameters: Customize the settings based on your trading style. This isn’t one-size-fits-all.
- Combine with Other Tools: Integrate it with other indicators to confirm signals.
- Backtest Thoroughly: Before going live, perform extensive backtesting. Avoid nasty surprises.
- Monitor Regularly: Don’t leave it unattended for long periods. Markets are unpredictable, just like your ex.
- Keep Updating: Keep an eye on updates and improvements from the developers.
Original Source Code - Multi Timeframe Support and Resistance Zones MT4
Let's cut the fluff: we don’t have access to the original source code of the Multi Timeframe Support and Resistance Zones MT4 that’s sold on MQL5. However, if you’re interested in a similar robot, our team at EASY Trading Team can surely whip up something based on the comprehensive descriptions available on MQL5.Got queries about the code? Feel free to ask. This is a sample code from easytradingforum.com, rooted in the description of the Multi Timeframe Support and Resistance Zones MT4 robot sold on MQL5. Note that we do not sell the Multi Timeframe Support and Resistance Zones MT4 robot but have crafted a robot's code inspired by its MQL5 listing.
Code:
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