Introduction
So, you've stumbled upon TradeGPT, an Expert Advisor (EA) that's supposedly a game-changer in the world of automated trading. Developed by Aleksei Krasov, this EA combines AI with advanced mathematical models to offer a full-cycle trading solution. With a user rating of 3.32, it's clear that opinions are divided. Some call it a scam, while others sing its praises. Let's dive into the nitty-gritty of installing, setting up, and using TradeGPT, and see if it lives up to the hype.Installation and Setup
First things first, you need to get TradeGPT up and running on MetaTrader 5. Follow these steps:- Download the TradeGPT EA file from here.
- Open MetaTrader 5 and go to File > Open Data Folder.
- Navigate to MQL5 > Experts and paste the downloaded EA file.
- Restart MetaTrader 5.
- In the Navigator panel, find TradeGPT under Expert Advisors.
- Drag and drop TradeGPT onto your desired chart.
- In the settings window, configure the following:
- Risk Percentage: Set your risk tolerance (e.g., 1%).
- News Filter: Enable or disable based on your preference.
- Trading Periods: Set the time periods for trading (e.g., 2 am-14 pm and 15 pm-22 pm).
- Click OK to activate the EA.
Experience Using TradeGPT
Using TradeGPT has been a mixed bag. On one hand, the EA does show potential with its AI-driven strategies and advanced mathematical models. However, the user reviews paint a different picture. Alex Amberger, for instance, claims the EA opens positions randomly and lacks a coherent strategy. On the flip side, Barış kpc has given positive feedback, although it's vague and lacks detail. Amier Al-mahna suggests the need for a news filter and more flexible trading periods, which are valid points for improvement.Tips for Improving TradeGPT's Performance
To get the most out of TradeGPT, consider the following tips:- Backtest Thoroughly: Before going live, run extensive backtests to understand how the EA performs under different market conditions.
- Adjust Risk Settings: Fine-tune the risk percentage to match your risk tolerance. Start low and gradually increase as you gain confidence.
- Use a VPS: For optimal performance, run TradeGPT on a Virtual Private Server (VPS) to ensure it operates 24/7 without interruptions.
- Monitor Regularly: Despite being an automated system, regular monitoring can help you catch any anomalies or issues early.
- Enable News Filter: If you find the EA making poor decisions during high-impact news events, enable the news filter to avoid trading during these times.
Source Code of TradeGPT
Unfortunately, we don't have access to the original source code of TradeGPT sold on MQL5. However, based on the description available on the MQL5 website, we have created a sample code. This code is a representation and should not be considered the original. If you have any questions about the code, feel free to ask. Remember, the EASY Trading Team does not sell TradeGPT; we merely created a code based on its description.
Code:
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