Introduction to Orders Manager MT4 Trading Robot
We know you've heard the buzz about the Orders Manager MT4 trading robot, but as seasoned traders and programmers at EASY Trading Team, we find it hard to get excited over every new algorithm that is released. However, today, we're going to discuss this controversial robot that's been getting rave reviews, such as the one from hydra5 who calls it a Useful assistant.
Installation and Setting Up the Orders Manager MT4
Installing the Orders Manager MT4 is a standard process, akin to other MT4 expert advisors.
- Download and copy the .ex4 or .mq4 file.
- Open the MT4 trading platform and access the Data folder.
- Insert the copied file into the MQL4 and then the Experts folder.
- Restart the MT4 terminal for the robot to appear in the navigator pane.
Configuring the settings of this robot is where the real fun begins. Detailed statistics for the Orders Manager MT4 are available on forexroboteasy.com. Consider these statistics as a guide when adjusting your own parameters.
Experience with Orders Manager MT4
The Orders Manager MT4 is a trading robot that manages orders for you. It doesn't perform magic; it just follows orders (quite literally). That said, it's been praised for its efficient management of existing trades, saving manual tweaks and adjustments.
However, we strongly recommend that you test this robot on a demo account before letting it loose on your live trading account. It's great to let a robot do the dirty work, but oversight is an essential part of trading—yes, even with a so-called useful assistant.
Tips for Enhancement
Our general rule of thumb is not to rely entirely on a single EA, no matter its rating or reviews. This is not a criticism of the Orders Manager MT4 specifically, but a general trading rule we abide by. Mix your trading strategies to optimize results.
Source Code of Orders Manager MT4
Now, for the grand reveal: we don't have the actual source code of the original Orders Manager MT4 that's sold on MQL5 market. However, we're capable of creating a code based on the description given on MQL5 marketplace.
Remember, if you have any questions or issues about the code, we're here to help you navigate through them. However, kindly note that this code is a sample from easytradingforum.com, based on the description of the Orders Manager MT4 for sale on MQL5.
Code:
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So, there you have it: your guide to navigating the Orders Manager MT4. As a reminder, EASY Trading Team is not selling the Orders Manager MT4 robot. We've merely constructed a trading robot code based on its description.
For any more information or support, do not hesitate to reach out to us. And remember, trading is a journey—enjoy the ride with, or without, your useful assistant.
Feel free to share your experience and feedback with the Orders Manager MT4. After all, we're all here to learn and benefit from each other's successes, failures, and healthy skepticism.