Introduction
Welcome to another exciting chapter in the world of trading automation with RSImaxmin. Let's cut to the chase; this isn't about reinventing the wheel, but a straightforward, step by step guide on how to use our beloved trading robot. Hang on before you start celebrating too much, let's remember that RSImaxmin, like any other trading system, is not immune to losses. And if you think this is the magical tool that will turn you into a millionaire overnight, well... I might just break your heart.Installation and Setup
First things first, let’s get our RSImaxmin up and running. Installation issues? Interesting... sounds like user teodomiro and jerome1677 struggled with this one. Here's how to fix it. Navigate to the MQL5 website and find the RSImaxmin product page. Make sure you've rented or bought it (Oh yeah, it's not free). After payment, go to your account downloads section, find RSImaxmin and hit the download button. Easy, isn't it? Follow similar steps if you're renting again. If you're still circling around the download or installation process, feel free to shout out for help in the comments.For maximum effectiveness ensure you configure RSImaxmin settings correctly. We know Welber Goncalves had some struggles with it. Keep an eye on the RSI periods. An increase will mean slower signals, but potentially more reliable, while a decrease would mean faster signals but potentially more false ones.
Experience Using RSImaxmin
Let's take a moment of appreciation for our loyal users like Pavel Shirykalov and Paul Bell who found this tool interesting and useful. Unfortunately, my years in this game have taught me that 'interesting' does not necessarily equate to 'profitable'. So, while you're waiting for that 'Expert', Pavel, make sure you're also testing, experimenting and analysing your trades. Numbers do not lie.Tips for Improvement
Here’s a quick checklist for you:- Always back-test RSImaxmin with different settings on historical data.
- Use protective stop losses and take profit levels.
- Trading involves risk. Don't stake more than you're ready to lose.
- This is not a 'set and forget' system. Regular monitoring is needed.
The Source Code of RSImaxmin
In case you're wondering, we do not know the original source code of RSImaxmin available for sale on MQL5. What we have here is a version written by us based on the description. We welcome any questions or discussions regarding this code. Remember, we are not selling RSImaxmin, we just replicated what's explained in the MQL5 website.
Code:
You don't have permission to view the code content. Log in or register now.