Introduction
So, you've stumbled upon TPSproTREND PrO MT5, another trend indicator that promises to revolutionize your trading. With a perfect rating of 5 and glowing reviews, it sounds almost too good to be true. But let's not get carried away. We're here to dissect this tool, install it, and see if it lives up to the hype.Installation and Setup
Installing TPSproTREND PrO MT5 is straightforward, but don't expect it to be a magic wand. Follow these steps:- Download the indicator from here.
- Open MetaTrader 5 and go to File > Open Data Folder.
- Navigate to MQL5 > Indicators and paste the downloaded file.
- Restart MetaTrader 5.
- Attach the indicator to your desired chart and configure the settings.
Set the SignalPeriod to 14, adjust the RiskPercentage according to your risk tolerance, and customize the colors for buy and sell signals. Enable alerts if you like being bombarded with notifications.
User Experience
Users like Sky777777 and Marcos Yuge have praised the developer's responsiveness and the indicator's effectiveness. Sky777777 mentioned, The developer is always in touch, which is very convenient. The instructions are available in two languages. Very satisfied with the indicators. Marcos Yuge added, It is an indispensable tool for analyzing an asset. Complements any strategy.However, John Fox brings us back to reality: Like all indicators, you have to learn how to use them. So, don't expect instant riches. You'll need to invest time to understand how this tool works.
Tips for Improvement
Here are some tips to get the most out of TPSproTREND PrO MT5:- Combine it with other technical analysis tools like support and resistance levels.
- Use it on higher timeframes for identifying long-term trends and lower timeframes for precise entries.
- Always backtest the indicator on historical data before going live.
- Adjust the stop loss and take profit zones based on market conditions.
Remember, no indicator is foolproof. Always use sound trading principles and risk management techniques.
Source Code of TPSproTREND PrO MT5
We don't have access to the original source code of TPSproTREND PrO MT5 sold on MQL5. However, based on its description, we've created a sample code that mimics its functionalities. If you have any questions about the code, feel free to ask. Note that this is a sample code created by the EASY Trading Team and not the original TPSproTREND PrO MT5.
Code:
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