Introduction
So, you’ve stumbled upon Trade Dashboard MT5, a tool that promises to make your trading life easier. With glowing reviews like Great product and friendly seller from Lei Wang and Very useful product and friendly seller! For every trader! from Nathaan24, it’s hard not to be intrigued. But let's cut through the fluff and see what this tool really offers.Installation and Setup
Installing Trade Dashboard MT5 is as straightforward as it gets. Download the .ex5 file from this link and place it in the 'Experts' folder of your MetaTrader 5 directory. Restart MT5, and you should see Trade Dashboard MT5 in the Navigator panel. Drag it onto your chart, and voila, you’re ready to go.Configuration:
- Risk Management: Set your risk as a percentage of your balance or equity. You can also set it as a total amount of money.
- Order Placement: Use the one-click order placement feature to set stop loss and take profit levels at the time of order placement.
- Trailing Stop Loss: Choose from eight types of trailing stop loss options.
- Virtual Levels: Enable virtual levels to keep your stop loss and take profit hidden from your broker.
Experience Using Trade Dashboard MT5
After using Trade Dashboard MT5 for a while, I can say it’s a mixed bag. The user interface is intuitive, making it easy to place orders and manage trades. The risk management features are robust, allowing you to set precise stop loss and take profit levels. However, don’t expect this tool to make you a trading genius overnight. It’s a tool, not a magic wand.Jaime De Castro mentioned, I've been using the application for a short time but it's very good and it's essential to have it, lots, stops, profits, risk management...etc. While this is true, the effectiveness of these features depends on how well you use them.
Tips for Improving Performance
Here are some tips to get the most out of Trade Dashboard MT5:
- Test in Demo Mode: Before going live, test the tool in a demo account to understand its features and limitations.
- Customize Settings: Adjust the risk management settings to suit your trading style.
- Use Virtual Levels: Enable virtual levels to avoid broker manipulation.
- Regular Updates: Keep an eye out for updates from the developer to ensure you’re using the latest version.
Source Code of Trade Dashboard MT5
We don’t have access to the original source code of Trade Dashboard 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. Remember, this is a sample code created by the EASY Trading Team and not the original robot sold on MQL5.
Code:
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