Introduction
Welcome to the world of UGenesys Volume MT4, a trading robot that claims to revolutionize your forex trading experience. With a user rating of 5 and glowing reviews like it’s an amazing indicator especially on 4-hour timeframe from users such as joinbehar, it’s hard not to be intrigued. But let's be real, in the forex world, skepticism is a trader's best friend. So, let's dive into how to install, configure, and use this robot effectively, while keeping a critical eye on its performance.Installation and Setup
Installing the UGenesys Volume MT4 is straightforward, but for the uninitiated, here’s a step-by-step guide:- Download the UGenesys Volume MT4 from forexroboteasy.com.
- Open MetaTrader 5 and navigate to the File menu, then select Open Data Folder.
- Copy the downloaded UGenesys Volume MT4 file into the MQL5/Experts directory.
- Restart MetaTrader 5.
- Navigate to the Navigator panel, find UGenesys Volume MT4 under Expert Advisors, and drag it onto your desired chart.
- Configure the input parameters such as VolumePeriod, BullishColor, and BearishColor to suit your trading strategy.
Once installed, you’ll see the robot’s interface, which is designed to be beginner-friendly. Adjust the settings according to your trading preferences and let the robot do its magic.
Experience Using UGenesys Volume MT4
Using UGenesys Volume MT4 is like having a seasoned trader whispering in your ear. The robot excels in identifying high-volume zones and distinguishing between bullish and bearish signals. The green and red histograms are particularly useful for quick visual analysis. However, don't let the simplicity fool you. While it’s easy to use, the real challenge lies in interpreting the signals correctly and integrating them into your broader trading strategy.In my experience, the robot performs best on the 4-hour timeframe, as noted by joinbehar. It’s not a magic bullet, but it does provide valuable insights that can help you make more informed trading decisions.
Tips for Improvement
Even the best tools can be optimized. Here are some tips to get the most out of UGenesys Volume MT4:- Combine it with other indicators: Use it alongside other technical indicators like RSI or MACD to confirm signals.
- Customize alerts: Set up custom alerts for high-volume zones to stay ahead of market movements.
- Backtest: Always backtest the robot on historical data to understand its performance under different market conditions.
- Stay updated: Regularly check for updates and improvements from the developer to ensure you’re using the latest version.
Source Code of UGenesys Volume MT4
While we don’t have access to the original source code of the UGenesys Volume MT4 sold on MQL5, we’ve created a sample code based on its description. This code is available on easytradingforum.com. It’s important to note that this is not the official code but a version developed by the EASY Trading Team to help traders understand how such a robot might work.
Code:
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