Introduction
Welcome, esteemed traders! We're about to delve into the ever-so-exciting world of algorithmic trading, specifically revolving around the trading robot known as Trader Novus. This machine coded for profit by MQL5 seems to have had many in our community impressed, with a consistent 5-star rating. Bellissimo! However, as our team's professional skepticism goes, we won't just believe it – we have to test it. So, sit tight as we explore the installation, tune-up, and navigation of this fancy bit of wizardry.Installation and Configuration
So, you've got your hands on Trader Novus. Good for you. The first task is to successfully install and configure it. To those who've never done this before, you might find this slightly challenging, but certainly not impossible. After all, you've conquered Forex, haven't you?Your first step is to log into your MetaTrader 5 account. Go to the 'Tools' menu and click on 'Options.' From there, you access the 'Expert Advisors' tab. Check the box that reads 'Allow automated trading'.
Next up, you've got to install Trader Novos. Thankfully, you don't need to be a tech genius for this. Simply drag and drop the .ex4 file into the 'Experts' folder under the 'MQL5' directory in your MetaTrader 5 installation.
Hopefully you're still with me, because after installation, you need to configure the settings. I suggest adjusting the time settings yourself, just like our friend @5fox5, who diligently sets the time manually before the release of global news.
Experience of Use
Our dear Spanish-speaking comrade, @MattyTrading, seemed quite satisfied with the equity remaining near the investment, which the robot apparently manages to maintain. Impressive, if true. You'll find more reviews at forexroboteasy.com.Remember, however, that we trade in a volatile market. There are no guarantees of profits, so always exercise critical judgment and continuously monitor your robot's performance.
Tips for Improvement
You know what they say – there's always room for improvement. With Trader Novus, unfortunately, we come face to face with the reality that it's a black box system, meaning we have no concrete knowledge of its internal workings.However, it is crucial to ensure risk management is in place. For instance, you might set a maximum loss limit per trade or adjust the standard lot size depending on your risk tolerance.
Trader Novus Source Code
Oh, the source code. Lovely stuff, if only we knew what's inside the Trader Novus' original one, sold on MQL5. But we can make a code based on its description from MQL5 and serve you a similar dish. If you have coding questions, feel free to ask. But don't misinterpret our intentions. We are not selling the Trader Novus – we're merely teaching you how to cook a similar meal based on its ingredients' description.
Code:
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For those who, after this enlightening commentary, still wish to download Trader Novus, may the Forex gods be with you. You'll find necessary information at forexroboteasy.com. Should you need more insights, the good folks at EASY Trading Team are always ready to help. May your algorithmic trading bring you nothing but pips.And remember: don't just follow the numbers – question them.
This sample code is provided by easytradingforum.com, based on the description of Trader Novus sold on MQL5. The EASY Trading Team does not sell Trader Novus. We just created a trade robot based on its description.