Introduction to Sweet VWAP - The Gritty Trading Bot
Sweet VWAP, where VWAP stands for Volume-Weighted Average Price, is a fair exchange tool that doesn't compromise on the practicality or effectiveness of your trading strategies. However, it is not a miracle worker. Do not expect it to turn fool's gold into real gold. With a rating of 3.67, some traders find it helpful, while others seem to be stuck in the mud. This guide is here to help you use this enigmatic trading robot efficiently and to steer clear of common pitfalls.Installation and Configuration - The Devil is in the Details
Installation is straightforward. Visit our website and download the Sweet VWAP trading bot. Once downloaded, open your MT5 and click on Open Data Folder. Navigate to MQL5/Experts, and drop the downloaded file there. Simple, right?Configuration, though, is where it gets interesting. According to user nukulum, Sweet VWAP is not a standalone tool. Do not forget to download 'Sweet VWAP Aux' to ensure premium functionality. Ignoring this piece of advice is like trying to paddle your canoe without an oar. By fixing the VWAP line on different positions and using candles stick action, the bot becomes a potent trading tool.
Experience Using Sweet VWAP - All That Glitters Is Not Gold
The general consensus is that Sweet VWAP is effective, but it isn't without hiccups. User ardeetoo2 raised concerns about the bot disabling the account manager when the 'aux' version is online, which indeed seems like a pretty significant oversight. Should your account manager become incapacitated, consider it a hiccup and not a bolt out of the blue. Some traders find Sweet VWAP to be the bee's knees, while others hold a different opinion. In a nutshell, the bot's efficiency will solely depend on your trading strategies and understanding of the market.Improvement Tips for Sweet VWAP - Not Every Silver Lining Has a Cloud
Perhaps adjusting the bot's settings to your personal preference could yield more satisfactory results. Consider utilizing a combination of the VWAP line positioning and candlestick action to maximize efficiency. As they say, Trading is not just about strategy, but also about navigation.Sweet VWAP Source Code - A Word of Caution
While we might be able to provide a sample code based on a detailed description from MQL5, always bear in mind, this will not be the exact source code from the original trading bot sold on MQL5. The EASY Trading Team does not sell any trading robots, including Sweet VWAP. Our business is coding trading robots based on their descriptions.
Code:
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