Introduction
The Trade Simplifier trading robot claims to make trading as easy as pie. According to user Majed Tarifi, it’s “very easy and helpful.” But, let’s face it, there's always room for doubt when it comes to trading bots. Here, we'll guide you through the installation and setup, share our experience of using Trade Simplifier, offer some tips for improving its performance, and discuss why the source code is shrouded in mystery.
Installation and Setup
Installing and setting up the Trade Simplifier robot is straightforward. Here’s how you can get started:
- First, download the Trade Simplifier robot from this link.
- Open your MetaTrader 5 (MT5) platform and go to the “File” menu. Select “Open Data Folder.”
- Navigate to the “MQL5” folder and then to the “Experts” folder.
- Copy the Trade Simplifier file into this directory.
- Restart your MT5 platform.
- In the “Navigator” window, find Trade Simplifier under “Expert Advisors” and drag it onto the chart of the asset you want to trade.
- Configure the settings according to your trading preferences. Make sure you enable “AutoTrading” on the toolbar.
If you’ve followed these steps correctly, the Trade Simplifier robot should now be active on your chart.
Experience Using Trade Simplifier
Trade Simplifier does well in making trading accessible for beginners. However, don't expect it to be a magic bullet for all your trading woes. During our tests, it executed trades as per the preset algorithms, but like any trading bot, it has its limitations. The performance can vary based on market conditions, so don't expect consistent profits without monitoring.
Tips for Improvement
To squeeze the most out of Trade Simplifier, consider these tips:
- Regularly Update Settings: Market conditions change, and so should your trading parameters. Regularly update your settings for better performance.
- Backtest Your Strategy: Before diving into live trading, make sure to backtest your strategy to ensure it aligns with your goals.
- Manual Override: Sometimes, a manual override can save you from potential losses. Keep an eye on the bot and intervene if necessary.
- Risk Management: Use risk management settings to limit your losses. Better to be safe than sorry.
Trade Simplifier Source Code
Here’s the kicker – we don’t have access to the original source code of the Trade Simplifier robot sold on MQL5. It’s a black box. However, based on its description and functionalities listed on MQL5, we’ve created a sample code. This is just an educational exercise to give you an idea of what could be under the hood.
If you have any queries regarding the sample code, feel free to reach out. Remember, the EASY Trading Team doesn't sell the Trade Simplifier robot; we only provide educational resources based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download Trade Simplifier Trading Robot - Easy Setup Guide
For those keen on giving this trading bot a spin, you can download the Trade Simplifier trading robot here. If you run into any issues or need further assistance, don’t hesitate to ask. And always remember, while bots can help, they’re not replacements for sound trading knowledge and strategies.
Got questions? We're here to help. This example code from easytradingforum.com is based on Trade Simplifier's description. Happy Trading!