Introduction
Welcome to the world of automated trading with the TrendyFollow FX robot. While many are quick to praise such tools, let's navigate through the clouds of optimism and focus on practical insights. This guide will provide you with a step-by-step approach to installing and configuring the robot for optimal performance, along with some real-life tips—or as close to real-life as one can get with algo-trading.
Installation and Setup
To get started with TrendyFollow FX, follow these steps:
1. **Purchase the EA**: Head over to the official site and make your purchase. Remember, you’re not buying a magic bullet; it’s a tool.
2. **Download and Install**:
- Open your MetaTrader 5 platform.
- Navigate to the File menu, select Open Data Folder, and then open the MQL5 folder.
- Inside the Experts directory, paste the downloaded TrendyFollow FX files.
- Restart your MetaTrader 5 platform.
3. **Attach the EA to a Chart**:
- Open the chart for the currency pair you intend to trade.
- From the “Navigator” window, drag and drop TrendyFollow FX onto the chart.
- Configure the settings according to your risk appetite. Adjust parameters like lot size and risk management features, remembering that more settings do not necessarily mean more profits.
4. **Activate Auto-Trading**: Ensure that the “Auto-Trading” button is activated on your MetaTrader 5 toolbar. If it’s off, the robot will be as effective as a brick.
Experience Using the Robot
Based on user feedback and our own experience, TrendyFollow FX displays some interesting traits. For instance, user comments reveal:
- A mix of optimism and realism. Users like Yurii Horodetskyi rave about its potential, while cybergodgh points out a lack of profit locking mechanisms.
- The robot can identify trends before they happen, but that doesn’t guarantee you’ll be sipping piña coladas on a beach anytime soon.
Remember, this is trading. No guarantees, only probabilities.
Tips for Improvement
To enhance your experience with TrendyFollow FX, consider the following:
- **Adjust Settings**: Don’t just stick to default settings. Tailor them based on your trading style and market conditions. A trailing stop might be beneficial, as highlighted by users.
- **Stay Informed**: Keep an eye on market news that can affect trading conditions. The robot might predict trends, but it doesn’t read the news headlines.
- **Backtest Frequently**: Run simulations to see how the robot would have performed historically under varying conditions. This process may help you manage expectations and understand potential risks.
- **Monitor Regularly**: Even the best robots need oversight. Check in regularly to evaluate performance and make necessary adjustments.
TrendyFollow FX Source Code
Now, let’s talk about the elephant in the room—the source code. The original code of the TrendyFollow FX robot, which is sold on MQL5, is not available to the public. However, based on the detailed descriptions and features provided on the MQL5 site, our team at EASY Trading Team can create a code that mimics those functionalities.
Rest assured, we are not in the business of selling this robot; we simply provide coding examples and insights for educational purposes. If you have any questions regarding code, feel free to ask.
Code:
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In conclusion, if you're intrigued by algorithmic trading and see potential in the TrendyFollow FX robot, don’t hesitate to download it today. Just remember that no robot is a set-it-and-forget-it solution. Being an informed trader is half the battle.
Happy trading, and may your profits be ever in your favor!