Introduction
Trading robots have dramatically changed the Forex landscape. One such artificial trader that has gained popularity recently is TrendPlus. Despite the mere 4.21 rating and mixed reviews, it has been described by some users as a 'very good indicator.'
However, as in every strategy, there's room for skepticism. Some deem it 'simply rubbish.' Is there a middle ground? Perhaps. Using and optimizing TrendPlus effectively could be the key.
Installation and Setup
Step 1: Download TrendPlus. It is available at the official website (https://forexroboteasy.com/trading-robot/trendplus/).
Step 2: Install and enable the robot. Once downloaded, the installation process is straightforward. Fire up your trading platform, navigate to the 'Expert Advisors' tab, click on 'Install New EA,' and select TrendPlus from your downloads folder. Ensure the EA is enabled to start trading.
Step 3: Set up the robot. The best parameters depend on your trading preferences. Experiment with the stop-loss and take-profit levels, lot size, and maximum spread until you find a setup that optimizes your potential profit but doesn't unnecessarily risk your account balance.
Using TrendPlus
TrendPlus works by analyzing the market trends using its undisclosed algorithm. Although it is automated, it doesn't mean you set it and forget it. Remember to monitor it frequently to ensure it's trading as expected.
A user proposed that a sound notification be added every time a trade is executed. Not a bad idea. However, until the developer implements it, ensure to check on it manually.
Tips for Improvement
With a potentially effective trading robot, regular monitoring, appropriate setup, and a bit of experience, TrendPlus can be a useful tool in your trading arsenal. Testing different setups may optimize your trading efficiency.
Perhaps integrating the TrendPlus with other indicators could be beneficial. Maybe using TrendPlus as part of an Expert Advisor could be the key.
TrendPlus Source Code
We don't know the original source code of the TrendPlus robot sold on MQL5. However, we can attempt to create a code based on its description. Any questions about the code? Feel free to ask. Remember, the code is an example from easytradingforum.com, based on the description of TrendPlus on MQL5.
Code:
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TrendPlus might be the tool you need to ease your trading process. But remember, the EASY Trading Team does not sell TrendPlus. We merely provided a code based on its description. Remember, trading is a game of probability. Even the best strategies are not bulletproof. That includes TrendPlus. Use it wisely, adapt with time, and remember that the end goal is to maintain a consistently profitable strategy.