Semaphore and ABC Pattern Trading Robot: A Comprehensive Guide
Welcome to our comprehensive guide on using the Semaphore and ABC Pattern trading robot. Saturated with a high dose of skepticism from the EASY Trading Team, let's plunge into the sea of trading algorithms.
Installation and Configuration
To begin with, get hold of the Semaphore and ABC Pattern trading robot from the MQL5 market or any reliable source. You can download it directly to your MT5 platform or download it to your computer. Once downloaded, copy it to your MT5 platform's Experts folder. Refresh your navigators and voila, the robot pops up under the 'Expert Advisors' section. Beware though, a wrong file destination might leave you clueless why the robot is going incognito.
Let's get to the nuts and bolts now. Configure the robot according to your trading strategy and risk management rules. Remember, your plan is the road map here and the robot is nothing but a fancy car at your disposal. Boldly set your stop loss and take profit levels, lot size, trailing stop, and so on. Never let greed override your decision-making process.
Experience Using the Robot
Reflecting Sukunthakan Ngernbamrung's experience, it may assist in decision making for entry orders, take profit, and stop loss levels. But keep in mind, it doesn't brew coffee for you, just assists in conjunction with other tools like a reverse martingale strategy or trailing moving EA. Some like Faithdefender, use it as a mere supplement to their semaphores, while others, like Mark Epsley, use it as part of their market structure strategy. Rainwalker123, the philosopher, rightly points out the need to confirm signals before entry. Intan08, on the other hand, is a man of few words - simply finds it useful. Such diverse opinions, interesting, isn't it?
Improvement Suggestions
Should you always be glued to your screen, flipping through 28 pairs and a techtonic load of time frames, waiting for the signal? Absolutely not! As faithdefender suggests, the lack of alerts may pose a hurdle. So, consider setting up mobile or email alerts as per your convenience. Swing traders may need to exercise more patience till the signal triangle appears and do remember, a disappearing triangle points to 'repainting'.
Source Code of Semaphore and ABC Pattern
We don't have the original source code of the robot. Yes, we don't, as much as it sounds like a conspiracy theory. But we can provide a code based on the description given on the MQL5 site where this robot is sold. Please note that this is only an example code from easytradingforum.com and any questions regarding the code should be directed to our community.
Code:
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Here comes the climax: you can download Semaphore and ABC Pattern directly from forexroboteasy.com. Just a gentle reminder that our EASY Trading Team does not sell the Semaphore and ABC Pattern robot, we just provide a trading robot code based on its description. So, get on the boat to trade with Semaphore and ABC Pattern, and don't forget to share your hilarious trading stories with us!