Net TP Net SL Setter

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Apr 15, 2024
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Introduction​


So, you're itching to know how to use the Net TP Net SL Setter, the trading robot that's being lauded with reviews like Fantastic tool for manual traders. Let's cut to the chase and get down to the nitty-gritty of installing and optimizing this robot for maximum efficiency. Shall we?

Installation and Setup​


First things first, you need to install the Net TP Net SL Setter. Follow these steps:

  • Download the robot from the official site.
  • Unzip the downloaded file if it's compressed.
  • Open your MetaTrader 5 platform.
  • Go to File > Open Data Folder.
  • Navigate to MQL5 > Experts.
  • Copy the unzipped files into this directory.
  • Restart MetaTrader 5.
  • Navigate to Navigator > Expert Advisors.
  • Drag and drop Net TP Net SL Setter onto your chosen chart.
  • Set your preferred parameters in the settings window.
  • Click OK to apply the settings.

Congratulations, you've just installed your trading robot. Don’t expect it to change the world overnight, though.

Experience Using the Robot​


Here's where the charming skepticism kicks in. You’ll find that Net TP Net SL Setter is a neat tool for automating your Stop Loss (SL) and Take Profit (TP) settings. With a user rating of 5 from traders like Wei Lun Lim, it's clear the robot has some fans. However, don't let the excitement get to your head. While it does what it promises, i.e., it sets SL and TP, making a killing on the market still demands a keen sense of strategy.

Tips for Improving Performance​


Want to squeeze every ounce of value from this robot? Here are some pointers:

  • Backtest Extensively: Before going live, run extensive backtests. This will help you understand how the robot behaves under different market conditions.
  • Regular Updates: Keep an eye on updates. Ensure you're always using the latest version to benefit from bug fixes and improvements.
  • Optimize Settings: The default settings might not be the best for you. Spend time tweaking and testing various parameters to find what works best.
  • Risk Management: Never rely solely on a robot. Use sensible risk management practices to avoid blowing up your account.

Source Code for Net TP Net SL Setter​


Ah, the elusive source code. Unfortunately, the original Net TP Net SL Setter sold on MQL5 is closed-source. But don't fret. We've crafted an example code based on the description available:

```
#property strict

input double TakeProfit = 50; // default Take Profit
input double StopLoss = 50; // default Stop Loss

void OnTick()
{
if(IsTradeAllowed())
{
double Ask = SymbolInfoDouble(_Symbol, SYMBOL_ASK);
double Bid = SymbolInfoDouble(_Symbol, SYMBOL_BID);
double Point = SymbolInfoDouble(_Symbol, SYMBOL_POINT);

double tpLevel = Ask + (TakeProfit * Point);
double slLevel = Bid - (StopLoss * Point);

// Your trade logic here
}
}
```

This is a simplified version and should get you started. For specific adjustments, feel free to reach out with questions.

Code: 
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Download the Net TP Net SL Setter Robot for Maximum Trading Efficiency​


Want to get your hands on the Net TP Net SL Setter? Visit forexroboteasy.com to download and start your journey towards automated trading. Remember, this is just a tool, and its success depends significantly on how you wield it.

Got questions about the code? Drop them below. Remember, this example is brought to you by easytradingforum.com, based on the description of the Net TP Net SL Setter from MQL5. Note, we don't sell the original robot, but we can help you build one based on its specs.
 
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