Quantum Dynamic Support and Resistance for MT5

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Apr 15, 2024
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Introduction​

So, you've stumbled upon the Quantum Dynamic Support and Resistance for MT5. Trust me, in a world filled with trading bots, this one claims to be another step towards automating your trading decisions. Before you get too excited, there are no reviews or ratings for this product, but hey, that’s what we’re here to talk about. Let’s see if it’s worth your time and money.

Installation and Setup​

The process of installing Quantum Dynamic Support and Resistance for MT5 is relatively straightforward, although not exactly what I'd call groundbreaking. Here are the steps you'll need to follow:

  • Download the Bot: Head over to Forex Robot Easy, find the Quantum Dynamic Support and Resistance for MT5, and download the file.
  • Install the Bot: Open your MetaTrader 5 platform, go to 'File' -> 'Open Data Folder' -> 'MQL5' -> 'Experts', and paste the downloaded file.
  • Restart MT5: Close and reopen your MetaTrader 5 platform.
  • Load the Bot: Navigate to 'Navigator' -> 'Expert Advisors' and drag the Quantum Dynamic Support and Resistance bot onto your desired chart.
  • Configure Settings: Adjust the bot settings to suit your trading style. You can tweak parameters such as risk level, trade size, and other preferences.

Experience Using the Bot​

Let's cut to the chase; my experience using this bot was, well, mixed.

Positives:
  • The bot is fairly intuitive to set up.
  • It does a decent job of identifying support and resistance levels.
  • Automation can save you time.

Negatives:
  • The algorithm is not foolproof. False signals are not unheard of.
  • You still need to monitor the trades, so don’t think of it as a “set it and forget it” solution.

If you think this sounds like every other trading bot out there, you're catching on.

Tips for Improvement​

You didn’t think you’d get away without some unsolicited advice, did you? Here are my tips to improve the effectiveness of this bot:

  • Manual Intervention: Sometimes you have to step in and close trades if the market shows signs of an impending reversal.
  • Combine with Other Indicators: Use other technical indicators like RSI or MACD to validate trades.
  • Regular Updates: Keep an eye out for updates. Developers occasionally add improvements.

Source Code of Quantum Dynamic Support and Resistance for MT5​

One little snag: we don’t have the actual source code of the original Quantum Dynamic Support and Resistance for MT5. But don't despair, we can create a similar bot based on the product description available on MQL5. Just keep in mind, this is an interpretation, not the real deal.

Code: 
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Download Quantum Dynamic Support and Resistance for MT5 from EASY Trading Team​

If you have questions about the code, feel free to ask. This is an example code from easytradingforum.com, based on the description of the Quantum Dynamic Support and Resistance for MT5 sold on MQL5. Remember, the EASY Trading Team does not sell the Quantum Dynamic Support and Resistance for MT5. We only created a bot based on its description. So, if you're looking for the real thing, you know where to go.
 
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