Introduction
So, you've stumbled upon WaveTrend Plus, huh? Well, welcome to the labyrinth. With its impressive array of positive reviews, like those from our friends Chispa2023, Wayne Cloete, and pino, you'd think this is the Holy Grail of trading. Spoiler alert: there's no such thing. But, let's see what this bad boy can do.
Installation and Setup
Let's cut to the chase. Here’s how you set up WaveTrend Plus:
- Download the Indicator: Grab it from this link.
- Add to MetaTrader 5: Open MT5, go to 'File' -> 'Open Data Folder' -> 'MQL5' -> 'Indicators'. Drop your downloaded file in there.
- Restart MT5: Always a good idea. It's like rebooting a stubborn PC.
- Attach to Chart: Navigate to 'Navigator', find WaveTrend Plus, and drag it to your chart.
- Configure Settings: Adjust parameters to fit your trading style. Defaults are there for a reason—but who follows defaults?
- Enable Algo Trading: Turn on automated trading from the toolbar. No point in having a robot if you're still doing the legwork.
Experience Using WaveTrend Plus
Contrary to the euphoric reviews, our experience has been, let’s say, grounded. The indicator does its job, but remember, it's not a fortune-teller.
It's excellent in confirming trends and spotting potential reversals. However, it’s just one piece of the puzzle. A full trading strategy requires more than a single indicator, no matter how excellent it is.
Tips for Improving Performance
If you think you can just install WaveTrend Plus and retire to a beach—you’re in for a surprise. Here are some tips to squeeze the most out of this robot:
- Optimize Parameters: Use MT5’s Strategy Tester to find the best settings for your trading pairs.
- Combine Indicators: Use WaveTrend Plus along with other indicators like RSI or MACD for confirmation.
- Money Management: Practicing proper money management can be the difference between success and failure.
- Regular Updates: Make sure your software is always up to date. Bugs don’t fix themselves.
Source Code of WaveTrend Plus
Ah, the elusive source code. No, we don’t have access to the original code sold on MQL5. But who needs it when you can whip up your own based on its description?
Our team at EASY Trading Team has done just that. If you’re curious or want to make tweaks, feel free to ask for the code on easytradingforum.com. Remember, our version is based on observations and descriptions; it’s not the original code.
Code:
You don't have permission to view the code content. Log in or register now.Download WaveTrend Plus Trading Robot for MetaTrader 5
Ready to dive in? Download WaveTrend Plus Trading Robot from this link.
If you have any questions or run into any issues, drop them in the comments. Just remember, the EASY Trading Team does not sell the WaveTrend Plus robot. We've simply created a version based on the provided descriptions. Now go on, give it a spin. But don’t blame us if it doesn't turn you into the next trading prodigy.