Introduction
Alright, so you've decided to dive into the world of automated trading with VR Locker MT5. With reviews ranging from great potential to extremely dangerous, one can’t help but be a little skeptical. But hey, let's face it, if you're already here, you must be curious enough to give it a shot. So, let’s get down to business.
Installation and Configuration
Setting up VR Locker MT5 is fairly straightforward, but like anything worth doing, it requires attention to detail.
Steps to Install VR Locker MT5:
- Download the EA from the official MQL5 website.
- Open your MetaTrader 5 platform.
- Navigate to File > Open Data Folder.
- Place the downloaded EA file into the MQL5/Experts directory.
- Restart MetaTrader 5.
- Drag the VR Locker MT5 EA onto your desired chart.
Configuring VR Locker MT5 for Maximum Efficiency:
1. Currency Pairs: The EA is often recommended for certain currency pairs. Users like szanielec and marcel.outros praise its potential, but be cautious. Do your own backtesting.
2. TP and SL Settings: Based on user aspct's review, take note — it might not always set the TakeProfit on live accounts, especially with brokers like Deriv. Keep an eye on this.
3. Lot Size: Customize your lot sizes to fit your risk tolerance.
4. Backtesting: Always backtest on demo accounts before going live. This advice isn’t just for rookies.
Experience Using VR Locker MT5
From personal experience, VR Locker MT5 is a mixed bag. While it offers substantial gains when it gets it right, the losses can be catastrophic if not managed properly. User alexmgarcia points out the risks accurately — high gains can be offset by significant losses. This is not a set it and forget it EA; it demands your attention.
Tips for Improvement
Even the best trading robots aren't perfect. Here are some suggestions to optimize VR Locker MT5:
1. Regular Monitoring: Don’t leave it running unattended for too long. Monitor its performance and adjust settings as needed.
2. Broker Compatibility: Different brokers have different execution speeds and spreads. Test with multiple brokers to find the best fit.
3. Diversification: Don't rely solely on VR Locker MT5. Diversify your portfolio with other EAs and manual trading strategies.
4. Stay Updated: Keep an eye out for updates from the developer. New releases might fix existing issues.
Source Code of VR Locker MT5
Let's get one thing straight. The original source code of the VR Locker MT5 available on MQL5 is not disclosed. However, if you're looking to create a similar EA based on its advertised functionalities, you've come to the right team. Here at EASY Trading Team, we've crafted our own version based on the public description and functionalities mentioned in the MQL5 listing.
Feel free to reach out if you have questions about the code. Keep in mind that our version is a representation, not the original. We’re not here to sell you the VR Locker MT5, but we can show you a pathway to create your own version.
Code:
You don't have permission to view the code content. Log in or register now.Download VR Locker MT5 Robot
If you're intrigued and wish to download VR Locker MT5, head over to the official Forex Robot Easy website. Remember, trading robots are tools, not magic wands. Use them wisely, and always stay informed. Happy trading, folks.