Introduction
Well, here we go again. Another trading robot that promises the moon and stars. Meet Pivot Trading 4, a piece of code designed to make you a trading wizard overnight. With a user rating of 5, it appears everyone's thrilled. But let's dig into the nitty-gritty, shall we?Installation and Setup
So, you’ve decided to embark on this journey. Installing Pivot Trading 4 isn't rocket science, thankfully. Follow these steps:- Download the Robot: Head over to this link and get the latest version.
- MetaTrader 5: Make sure you have MetaTrader 5 installed. Open it up.
- File Directory: Go to 'File' > 'Open Data Folder'. This is where the magic happens.
- MQL5 Folder: Navigate to MQL5 > Experts.
- Paste the EA: Drop the downloaded file into the 'Experts' folder.
- Restart MT5: Close and reopen MetaTrader 5 so it recognizes the new Expert Advisor.
- Activate EA: Drag and drop Pivot Trading 4 onto your preferred chart.
- Configuration: Adjust the settings according to your risk tolerance and strategy.
Experience with Pivot Trading 4
Here comes the juicy part. Pivot Trading 4 is decent—if you’re into that sort of thing. It's built around pivot points, aiming to predict market reversals. Does it work? Sometimes. But like every other EA, it's not infallible. And don't get me started on the market conditions; they can change faster than you can say pivot.Tips for Improvement
Even a masterpiece can use some tweaks. Here's how you can get more out of Pivot Trading 4:- Backtesting: Use historical data to see how it performs in different market conditions.
- Adjust Settings: Fine-tune risk management parameters to match your trading style.
- Combine Strategies: Don’t rely solely on one EA; combine it with other indicators or strategies for better results.
- Regular Updates: Always look for updates from the developers. They might add features or fix bugs.
Source Code of Pivot Trading 4
Here's the catch: We don’t have the original source code of Pivot Trading 4 being sold on MQL5. But we’ve rolled up our sleeves and created a version based on its description. Remember, this is not the official code—it’s a replica crafted from what we know.Feel free to ask questions about the code. This is a sample from easytradingforum.com, derived from the description available on MQL5. Our team, EASY Trading Team, does not sell Pivot Trading 4. We just created this code based on its advertised features.
Code:
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