Introduction
Meet Novato, a trading robot with a high rating from users such as Detleff Böhmer who vouches for its usefulness. Despite my natural skepticism and tendency to question every aspect of a trading strategy, even I must admit that Novato has shown some potential. To give you a clear understanding, let's dive into how to install, configure, and optimize this trading robot for better performance.Installation and Configuration
Setting up Novato is straightforward. Here’s how to do it:- Download the Novato trading robot from the official website: Novato Trading Robot.
- Open your MetaTrader 5 platform and go to 'File' -> 'Open Data Folder'.
- Navigate to 'MQL5' -> 'Experts' and paste the downloaded Novato file into this folder.
- Restart your MetaTrader 5 platform. You should now see Novato in the 'Navigator' panel under 'Expert Advisors'.
- Drag Novato onto your chosen chart and configure the settings per your trading strategy and risk management criteria.
User Experience
My experience with Novato, while not without its reservations, has been interesting. The indicator certainly has its place in a diversified trading portfolio. Users like Detleff Böhmer have praised its utility and the addition of alert functions which make it a more holistic trading tool.Tips for Improvement
Although Novato performs well, here are some tips to refine its operation:- Fine-tune the default settings to match your trading style. Customize the risk levels and entry conditions to better fit market conditions.
- Combine Novato with other indicators to confirm signals and avoid false entries.
- Regularly update and backtest the robot to ensure it adapts to changing market environments.
- Utilize alert functions to stay on top of critical trading opportunities without constant monitoring.
Source Code of Novato
For those of you curious about the source code—no, we don't have access to the original Novato code sold on MQL5. However, based on the robot's description, we've managed to create a similar version for educational purposes. Should you have any questions about the code, feel free to ask. Remember, this code is an effort by the EASY Trading Team and is not the original robot sold on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.Download Novato - Maximize Your Trading Efficiency
Download Novato from here and start maximizing your trading efficiency today. For those who like to tinker, we offer a code example based on the robot's description. Remember, we don't sell Novato. Our code is a reimagined version purely for educational use.Got questions? Contact us at easytradingforum.com. Enjoy trading—if that's possible.