Introduction
Welcome to the no-nonsense guide to using the Trades Manager MT4 trading robot. Whether you're new to the world of trading robots or a seasoned pro looking to streamline your trading operations, this guide is going to walk you through every aspect of installing, configuring, and optimizing Trades Manager MT4. But don't get your hopes up too high; every trading strategy has its pitfalls.
Installation and Setup
So, you've decided to use Trades Manager MT4. Let's get to the nuts and bolts of installing and setting it up for maximum efficiency.
- Step 1: Download the Robot
First, download the Trades Manager MT4 robot from the official website - Forex Robot Easy.
- Step 2: MetaTrader 4 Installation
Make sure you have MetaTrader 4 installed on your system. If not, download it from MetaTrader 4 official site.
- Step 3: Adding the Robot to MT4
Once downloaded, move the robot file to the 'Experts' folder in your MetaTrader 4 directory. Restart MetaTrader 4.
- Step 4: Loading the Robot
Go to the Navigator window, find the Trades Manager MT4 in the 'Expert Advisors' section, and drag it onto a chart.
- Step 5: Configuring Settings
Set your parameters such as risk percentage, stop loss, take profit, and other settings according to your trading strategy. Save the settings if you think you're smart enough to get it right the first time.
Experience with Trades Manager MT4
User feedback is generally positive, with comments like verry good, thank you Yohana (Frank Paetsch) and GREAT TOOL (pnutfx503). Yet, as a professional trader, I would advise you to take such reviews with a grain of salt. Be skeptical and put the robot through rigorous backtesting before you even think about going live.
Tips for Improvement
Trust me, Trades Manager MT4 isn’t the Holy Grail of trading robots. Here are some tips:
- Perform Backtesting
Always backtest your strategies with historical data.
- Regular Updates
Check for updates and new features regularly.
- Combine with Other Tools
Use it in conjunction with other analytical tools to confirm its entries and exits.
- Risk Management
Never risk more than you're willing to lose. Set realistic risk management parameters.
Source Code of Trades Manager MT4
We don’t have access to the original source code of the Trades Manager MT4. But don’t fret; you can actually create a similar robot based on the description available on MQL5. Just remember, the code we offer is an example based on publicly available information, and we don't sell the Trades Manager MT4.
Code:
You don't have permission to view the code content. Log in or register now.Download Trades Manager MT4 (SEO Optimized Key Phrase)
If you have any questions about the code or its implementation, don’t hesitate to ask them at easytradingforum.com. Just a reminder, our team at EASY Trading Team doesn’t sell the Trades Manager MT4 robot. We created a similar algorithm based on its detailed description available on MQL5.
And there you have it. Enjoy the roller coaster ride that is automated trading.