Introduction
Welcome to the world of algorithmic trading. Today, we're diving into a popular trading robot, the Send Orders At Time MT4. With a perfect 5-star rating from users like acer56, this EA draws attention, though not without a grain of skepticism from seasoned traders like myself. You can find a detailed breakdown of its performance on the official website - forexroboteasy.com.Installation and Setup
Setting up the Send Orders At Time MT4 is a straightforward process, though the devil is always in the details.- First, download the EA from the MQL5 marketplace.
- Place the downloaded file into the 'Experts' folder in your MetaTrader 4 directory.
- Restart MetaTrader 4 and navigate to the 'Navigator' window.
- Locate the new EA, right-click and select 'Attach to a chart.'
When attaching the EA, make sure to:
- Enable 'Allow live trading' in the 'Common' tab.
- Set your desired trading parameters in the 'Inputs' tab. This includes specific trade times, lot sizes, and any stop-loss/take-profit levels.
User Experience
The reviews, such as one from acer56, indicate that the EA does what it should. A high rating might suggest robustness, but it doesn't guarantee profits. From my experience, the EA executes orders on time as designed. However, be prepared for market slippage and unforeseen volatility.Tips for Improvement
To truly maximize the benefit of Send Orders At Time MT4, consider the following:1. Optimize Settings Regularly: Markets are ever-changing. The parameters you set initially may not be optimal a month down the line. Regular backtesting can help maintain performance.
2. Use with Other Indicators: Combine this EA with other technical indicators for more robust trading decisions.
3. Monitor News Events: Even a well-timed order can fail during major economic news releases. Stay informed and consider disabling the EA during high-impact events.
Source Code of Send Orders At Time MT4
We don't have access to the original source code of the Send Orders At Time MT4 that is sold on MQL5. However, based on its description, we have created a sample code that mimics its functionality. If you have any questions about the code, feel free to ask. Note that the EASY Trading Team does not sell the Send Orders At Time MT4 robot; we merely provide a sample code based on its publicly available description.
Code:
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If you're intrigued by the possibilities of automation and want to experience it firsthand, you can download the Send Orders At Time MT4 from the MQL5 marketplace. Should you encounter any issues or have questions about the sample code provided by easytradingforum.com, don't hesitate to reach out for support. Remember, while the EASY Trading Team provides the code based on the description, we do not sell the actual robot.By following these guidelines, you'll be well on your way to utilizing this trading tool effectively while keeping your expectations grounded.