Introduction to Smart Trade and Order Manager Trading Robot
Welcome, fellow traders. Today we'll dive into the intricacies of the Smart Trade and Order Manager trading robot. Equipped with an aura of 'simplicity and magic', as user Dimitri Nepomniachtchi (@dimanep) puts it, this tool has managed to grab a five-star rating. Impressive? Perhaps. But let's dig a little deeper.
Installation and Configuration of the Smart Trade and Order Manager
To get started, we proceed to download the trading robot. That's the easy part. But remember, even the smartest tools need guiding hands. We are those guiding hands.
Upon installation, you'll need to configure the robot settings. Be sure to test different configurations on a demo account before jumping into live trading. Trust me; you don't want a smart robot to outsmart you with your own money.
Experience of using Smart Trade and Order Manager
User @tore507 described it as a 'smart tool'. I couldn't agree more. But a smart tool's efficiency largely depends on how smartly it's used.
In essence, the robot offers a way to manage trades instantly and automatically. However, it doesn't guarantee profits. No tool does. You'll need a blend of your market instincts, the appropriate settings, and a tad bit of luck for that.
A word of caution: Always use stop loss and take profits, do not rely solely on the robot for this.
Tips to Improve the Functioning of Smart Trade and Order Manager
Firstly, set a reasonable risk percentage per trade. Secondly, make sure to adjust settings according to the specific trading pair. Too often, traders neglect this. Don't be one of them.
Remember, no system is foolproof. Regularly monitor the robot to check its performance and make adjustments where necessary. Always be ready to intervene manually if things go south.
Source Code of Smart Trade and Order Manager
Now, let’s address the elephant in the room: the original source code. The thing is, we don't know it. What we do have is a piece of code on easytradingforum.com that's based on the description of this robot. It's not the exact Smart Trade and Order Manager's code available on MQL5, but it's a close cousin.
If you have questions about the code, feel free to ask. Remember, replication is not our aim, understanding is.
Code:
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In conclusion, Smart Trade and Order Manager can be a handy tool. But like any tool, it's only as good as the person using it. So download, configure and proceed with caution. Happy trading!
Please note that EASY Trading Team does not sell the Smart Trade and Order Manager. This guide is based on a version of the robot's code created by our team.