Trend Scanner MT4

[TopicStarter]

Introduction​

MQL5 traders, here we go again with another trading robot. It seems like there's no end to the supply of these money making algorithms. Our latest contender is the Trend Scanner MT4 robot. Not sure about you, but the team here at EASY Trading are always skeptical when it comes to trading robots. However, we like to give every tool a fair shake, so let's get into the nitty-gritty of this Trend Scanner MT4.

Installation and Setup​

Firstly, if you're still around, let's kick off with how to setup this fabled tool. The Trend Scanner MT4 robot can be found at https://forexroboteasy.com/trading-robot/trend-scanner-mt4/. It's fairly straightforward to install, but if you find yourself lost in the chaos of coding, feel free to drop us a line.

Once you've installed this magic robot, it’s time to adjust the settings. Paramount among these are the 'Stop Loss' and 'Take Profit' settings. I suggest starting with a stop loss equal to two times the Average True Range and a take profit equal to the Average True Range. Don't go overboard with the settings though. You know the saying, too much of a good thing...

Trading Experience​

Now, let's talk about my personal experience with the Trend Scanner MT4. I won't sugarcoat it, the results have been, well, interesting. But before you start making any drastic decisions, remember that trading is a game of patience and strategy. So, keep an eye on that Trend Scanner MT4's performance.

Improvement Tips​

Like anything else in life, the Trend Scanner MT4 could use some improvements. Here's a novel idea: how about adding some artificial intelligence into the mix? Implementing machine learning algorithms could potentially optimize the strategy based on previous trading data. Just a thought.

Trend Scanner MT4 Source Code​

Now, I'm sure you're all thinking, How do I get my hands on the Trend Scanner MT4 source code? Well, the answer might disappoint you. The original source code isn't currently available for public viewing. However, our brilliant minds here at EASY Trading Team have put together a sample code, based on the description provided on the MQL5 website. Head over to easytradingforum.com to check it out. Do remember, questions are always welcome.

Note: Our team does not sell the Trend Scanner MT4; we have simply created code based on its description.

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Download Trend Scanner MT4 for Optimal Forex Trading​

There you have it, folks! The Trend Scanner MT4 in all its glory. While we can't guarantee it'll make you a millionaire, it's certainly an interesting tool to add to your trading arsenal. Remember, it's a tough world out there in the forex market, so arm yourself with the best tools and knowledge possible. Don't forget, you can always download the Trend Scanner MT4 and see for yourself how it performs.