Introduction
Trade Panel Pro by RunwiseFX is a comprehensive trade management EA (Expert Advisor) designed for serious traders. With a staggering rating of 4.89 and glowing reviews from users like Payman, Seyedmohammad Alhosseini, and Owais Pervaiz Adeeb, it's clear that this tool is highly regarded in the trading community. If you're looking to optimize your trading strategy, this guide will walk you through the installation, setup, and effective use of Trade Panel Pro, based on real experience and feedback.
Installation and Setup
Installing Trade Panel Pro is straightforward, provided you follow these steps:
- Download the EA from the official site.
- Open your MetaTrader 5 platform.
- Navigate to File > Open Data Folder.
- Place the EA file in the MQL5/Experts directory.
- Restart MetaTrader 5.
- Locate the EA in the Navigator panel.
- Drag and drop it onto your desired chart.
For configuration:
- Set the trading parameters as per your strategy.
- Adjust the Stop Loss, Take Profit, and Trailing Stop settings.
- Enable news filtering if you wish to avoid trading during high-impact events.
- Utilize the partial closing features to manage risk.
Experience Using Trade Panel Pro
In my experience, Trade Panel Pro excels at providing a user-friendly interface while offering robust trade management features. The flexibility is admirable, though I can't help but question if the plethora of options might overwhelm novice traders. Despite that, the tool's capability to handle trades opened from mobile devices, as mentioned by Owais Pervaiz Adeeb, is a significant advantage.
Tips for Improving Trade Panel Pro
Here are some strategies to get the most out of Trade Panel Pro:
- Regular Updates: Ensure your EA is always up-to-date to benefit from the latest features and bug fixes.
- Backtesting: Always run extensive backtests on different market conditions to understand the EA's behavior.
- Risk Management: Utilize its advanced risk management settings to protect your capital.
- Custom Scripts: If you're comfortable with coding, consider writing custom scripts to extend its functionality.
The Original Code of Trade Panel Pro by RunwiseFX
Unfortunately, the actual source code for Trade Panel Pro by RunwiseFX isn't available to the public. While this might be a deal-breaker for some, the description and functionality details provided on the MQL5 marketplace can guide you in creating a similar EA. If you're ambitious enough to write your own version, bear in mind it's no small feat.
Code:
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If you're ready to take your trading to the next level, downloading Trade Panel Pro by RunwiseFX is a significant first step. Should you face any issues with the custom code, feel free to ask questions. Remember, this example code by easytradingforum.com is based on the description and functionality of Trade Panel Pro sold on MQL5. The EASY Trading Team does not sell Trade Panel Pro but offers a custom trading robot based on its described features. Happy trading!