Introduction to Pro Support Resistance MT5
In the world of Forex trading, identifying major levels of support and resistance is as essential as your morning cup of coffee. And when you have a trusty robot such as Pro Support Resistance MT5 taking care of this task, trading becomes a more calculated process. It's amusing how users try to pass off this well-engineered trading robot as a divine prophecy. Let's be real, it's just a tool, albeit a rather effective one.This tool can provide some insight into the direction of the market and aid in decision-making. However, like every other trading tool, it's not infallible. Now that we've established this, let's get into the nuts and bolts of it.
Installation and Configuration of Pro Support Resistance MT5
The installation and configuration process of Pro Support Resistance MT5, believe me, is not rocket science.1. Download the indicator from our website, Pro Support Resistance MT5.
2. Open your MT5 platform.
3. Click on File -> Open Data Folder -> MQL5 -> Indicators.
4. Paste the downloaded file and restart your MT5 platform.
5. Navigate to Navigator -> Indicators -> Pro Support Resistance MT5 and drag it to your chart.
Our dear users have suggested some additions like entry points, push notifications and equilibrium addition. While the idea isn't bad at all, remember, even a well-functioning bot isn't a magic bullet.
Experience Using Pro Support Resistance MT5
Considering its ratings, it seems Pro Support Resistance MT5 has been performing rather well. Understandably, users get thrilled with the sudden boost in their trading performance. Although, it's worth noting that the bot doesn't generate cash out of thin air. It simply utilizes the Smart Money Concept (SMC).Bijae suggested customizing the SMC aspect of the indicator. Well, that's precisely the kind of critical thinking I appreciate. It's something worth exploring, though no promises here.
Tips to Enhance the Effectiveness of Pro Support Resistance MT5
Remember, the bot is just a tool. It's not going to make you a millionaire overnight. You still need to use your judgement. Always crosscheck the bot's suggestions with your own analysis. And never trade beyond your risk tolerance, no matter how certain the bot seems.Source Code of Pro Support Resistance MT5
So, you are curious to know about the source code of Pro Support Resistance MT5. For your information, we at EASY Trading Team haven't laid our hands on the original code. We don’t sell this bot; we just provide a code based on its description from the MQL5 site.Got questions? Feel free to ask. But remember, the code provided by easytradingforum.com is just an imitation based on the description of the original algorithm available at MQL5.
Code:
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