Introduction
PZ Ichimoku EA is one of those flashy trading robots you might stumble upon in your never-ending quest for the holy grail of trading. With a user rating of 3.91, it's clear that not everyone finds it a reliable companion. But then again, what trading robot ever is? This guide aims to walk you through the steps for setting up and using PZ Ichimoku EA, direct from the trenches of the trading world.Installation and Setup
So, you're ready to give PZ Ichimoku EA a shot. Here’s what you need to do:- First, download the PZ Ichimoku EA file from the official website.
- Open your MetaTrader 5 platform.
- In the platform, go to File > Open Data Folder.
- Navigate to MQL5 > Experts and paste the PZ Ichimoku EA file.
- Restart your MetaTrader 5 platform.
- Head to the Navigator panel, find PZ Ichimoku EA under Expert Advisors, and drag it onto the chart of the asset you want to trade.
Now, for the settings:
- Input the Ichimoku parameters: Tenkan-Sen, Kijun-Sen, Senkou Span B. These are usually set as 9, 26, and 52 by default.
- Adjust risk management settings such as lot sizes, Stop Loss, and Take Profit levels.
- Enable AutoTrading in your platform.
- Optionally, you can tweak the advanced settings to better align with your trading strategy.
User Experience
Ah, the joy of trading with a robot that doesn’t quite live up to the hype. With mixed reviews like Fails in 2020 and С текущими параметрами убыток, it’s clear this robot isn't for everyone. Still, Henk Wijncoop seems to enjoy it, rating it 5 stars. My personal experience? It's like betting on a horse with three legs. You might catch a winning streak, but don't bet the farm.Tips for Improving Performance
Let’s not kid ourselves; here’s how you might milk a bit more out of PZ Ichimoku EA:- Backtesting: Always test your settings on historical data before going live.
- Parameter Tuning: Don't just stick with defaults. Adjust the Ichimoku settings and risk parameters based on market conditions.
- Diversification: Use it on multiple currency pairs to spread the risk.
- Regular Updates: Keep an eye out for any updates to the EA and integrate them.
- Use Filters: Implement additional technical indicators to filter out poor trades.
Source Code of PZ Ichimoku EA
Unfortunately, the exact source code of the original PZ Ichimoku EA sold on MQL5 is not publicly available. However, the EASY Trading Team can create a similar code based on the description and functionalities listed on the MQL5 website. If you have questions or need a specific implementation, feel free to ask. Remember, we don’t sell the PZ Ichimoku EA; we just bring the code to life based on descriptions.
Code:
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