Introduction
Alright, so you've decided to dive into the world of automated trading and stumbled upon the Price Action Pro EA. It's a robot that claims to master the intricacies of price action, but let's not get carried away. It's not going to make you a millionaire overnight. But hey, if you know how to set it up and tweak it a bit, it might just be worth your time.Installation and Setup
Let's not waste time with fluff. Here’s how you get the Price Action Pro EA up and running:- Download the EA: Visit the official website here and get the latest version of Price Action Pro EA.
- Install it on MetaTrader 5: Go to the 'File' menu, select 'Open Data Folder’. From there, navigate to MQL5/Experts and paste the downloaded EA file.
- Restart MetaTrader 5: Just to make sure it picks up the new EA.
- Attach the EA to a Chart: Open a chart of your chosen currency pair, go to the 'Navigator' window, drag and drop Price Action Pro EA onto the chart.
- Configure Settings: Set your preferred parameters like lot size, stop loss, take profit, and other risk management settings. This is crucial. Don’t overlook this step.
Experience of Use
So, you’ve got it all set up and running. What's next? Let's just say, don’t expect miracles. It’s an EA that follows price action, which means it’s reacting to the market conditions. And those conditions are about as predictable as a cat on a hot tin roof.From my own usage, it’s clear that Price Action Pro EA can perform decently in trending markets. But during periods of high volatility or market consolidation, its performance can be as shaky as a leaf in a storm. You might want to keep an eye on it.
Tips for Improvement
Look, no EA is perfect, and Price Action Pro EA is no exception. Here are a few pointers to squeeze out the maximum results:- Optimize Regularly: Markets change. What worked last month might not work this month. Regularly optimize your EA settings.
- Use VPS: Run your EA on a Virtual Private Server to ensure 24/7 operation and reduce latency.
- Risk Management: Never risk more than you’re willing to lose. Set conservative stop-loss and take-profit levels.
- Diversify Currency Pairs: Don’t place all your eggs in one basket. Test the EA on different currency pairs.
- Monitor Performance: Keep an eye on the EA’s performance. If you notice a string of losses, it might be time to adjust or halt trading.
Source Code of Price Action Pro EA
Now, here’s the funny part. We don’t have the original source code of the Price Action Pro EA sold on MQL5. But, based on the description provided there, we've created our own version. If you have any questions or need help with the code, feel free to ask.Just to be crystal clear, we at EASY Trading Team do not sell the Price Action Pro EA. Instead, we've created a trading robot based on the descriptions available. It's always a good idea to understand what you’re buying or using, so make sure you do your homework.
Code:
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