Introduction
Welcome traders. If you have been searching for a reliable tool to leverage your Forex trading, you are in the right place. We are going to talk about the WaveTrend Oscillator Indicator in this guidance. A tool that has won the hearts of many traders including 'lauro1956', who graced it with a 5-star rating and 'Very good indicator' comment. Now let's embark on this journey with a pinch of skepticism and a dose of our usual sarcasm.Installation and Settings
To begin, you will need to download the WaveTrend Oscillator Indicator from our website given here. Make sure your MetaTrader 5 platform is open and ready for the installation.Step 1: After downloading the MT5 file from our site, open your MetaTrader 5 platform.
Step 2: Click on 'File', go to 'Open Data Folder' and open the 'MQL5' folder.
Step 3: Open the 'Indicators' folder and paste the downloaded MT5 file.
Step 4: Restart your MT5 platform and click on Navigate -> Indicators -> Custom.
Step 5: You should now see the WaveTrend Oscillator Indicator on the list.
Experience with WaveTrend Oscillator Indicator
Having used this Forex robot for a while now, I can attest that it's a decent trading tool. But remember, in this trading business, over-enthusiasm can be fatal. So, you might want to cool your jets a bit and listen to the voice of experience. This tool is not a magic wand. It requires some level of analytical skills and understanding of the market trends to get the best out of it.Tips for Improvement
Monitor your trades, keep your emotions in check, and understand that this tool is not THE solution to all your trading needs, but a helping hand. Backtesting and adjusting the parameters according to your trading strategy will serve you well in the long run.Original Code of WaveTrend Oscillator Indicator
Let's clear one thing - we do not have the original source code of the WaveTrend Oscillator Indicator sold on MQL5. What we provide at easytradingforum.com is a code based on the indicator's description. Questions about the code? Feel free to ask.
Code:
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Finally, if you wish to download the WaveTrend Oscillator Indicator, get it from here. Make sure you understand that this is not an official MQL5 product but an efficient trading robot code created by EASY Trading Team based on the indicator's specifications.Do not hesitate to reach out to us for further inquiries, and let's trade smart, shall we?