Introduction
Pattern 1 2 3 is a trading robot designed to identify and leverage the well-known 123 pattern in financial markets. While it has garnered mixed reviews, its utility in a trader's toolkit cannot be ignored. The overall rating of 4.36 illustrates its usefulness to many, though there's always room for skepticism in trading strategies. We'll walk you through how to install and configure this robot for maximum efficiency, share insights from personal experience, and propose some tips to enhance its performance.
Installation and Configuration
Installing the Pattern 1 2 3 robot is straightforward. Here's a step-by-step guide:
- Download the EA: Obtain the Pattern 1 2 3 EA from this link.
- Add to MT5: Copy the downloaded EA file into the 'Experts' folder in your MT5 directory.
- Restart MT5: Restart your MT5 platform to load the new EA.
- Attach to Chart: Open a chart, preferably one with high liquidity, and attach the Pattern 1 2 3 robot.
- Configure Settings: Adjust the settings based on your preferences. For stronger patterns, increase the 'DepthOfZigZag' from the default 12 to a higher value as suggested by one of our reviewers.
- Enable Trading: Ensure that you allow auto-trading and that the EA can trade live by checking the appropriate boxes.
Configuring the robot to suit your trading style is crucial. If you're unsure where to start, consider utilizing a demo account to test different settings.
User Experience
Pattern 1 2 3 has received positive feedback, with users praising its utility and ease of use. Artur Jastrzebowski noted that adjusting the 'DepthOfZigZag' can help find stronger patterns, while others like Mostafa Nasar and Alexey Sokolov expressed their satisfaction.
On the flip side, some users remain cautious, and it's wise to keep a healthy skepticism. In trading, nothing is foolproof, and results can vary.
Tips for Improvement
To get the most out of Pattern 1 2 3, consider the following tips:
- Adjust DepthOfZigZag: As suggested by Artur, modify this setting to capture stronger patterns.
- Use on Multiple Timeframes: Test the robot on different timeframes to find the most profitable settings.
- Backtest Thoroughly: Before going live, backtest the robot extensively to understand its behavior in various market conditions.
- Combine with Other Indicators: Use additional indicators to confirm signals and reduce false positives.
- Stay Updated: Always look for updates and insights from the developer and community for continuous improvement.
Source Code of Pattern 1 2 3
We don't have access to the original source code of the Pattern 1 2 3 robot sold on MQL5. However, we can create code based on the description available on the MQL5 marketplace. If you're interested in building your own EA, consider diving into MQL5 documentation and forums for guidance.
Code:
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For those looking to get started, you can download the Pattern 1 2 3 Trading Robot for MT5 here. If you have any questions regarding the code or need assistance, feel free to reach out. Please note that our team at EASY Trading Team does not sell the Pattern 1 2 3 robot; we've merely created a robot based on its description for educational purposes.
Remember, trading involves risk, and no robot can guarantee profits. Always trade responsibly and stay informed.