Introduction
Trading robots are a mixed bag, aren't they? Some traders swear by them, while others can’t seem to make them work. One such robot making waves, both good and bad, is the M W Pattern Pro. With a rating of 4.14 and mixed reviews, it’s clear there are some success stories and some disappointments. So, let's dive in and see what this robot has to offer, how to set it up, and whether it's worth your time.Installation and Setup
Ah, installing trading robots, the bane of many beginners. But don't worry, even if it feels like rocket science, it’s not. Here’s a step-by-step guide to get you started with the M W Pattern Pro.Step 1: Download the Robot
First, you need to purchase and download the M W Pattern Pro from the MQL5 marketplace. You can find it at forexroboteasy.com.
Step 2: Install the Robot
1. Open your MetaTrader platform.
2. Click on 'File' and then 'Open Data Folder'.
3. Navigate to 'MQL5' and then 'Experts'.
4. Copy the downloaded M W Pattern Pro file to this folder.
Step 3: Activate the Robot
1. Restart MetaTrader.
2. In the 'Navigator' pane, find the M W Pattern Pro under 'Expert Advisors'.
3. Drag and drop it onto the chart of the asset you want to trade.
Step 4: Configure Settings
1. In the settings window, configure your preferred parameters like lot size, risk levels, and specific patterns to be detected.
2. Click 'OK' to activate the robot.
Experience Using M W Pattern Pro
Now, onto the fun part. What does it feel like to use this thing? A user named Dag Ra mentioned scoring 1200 pips on the first day with gold. Great for him, but take it with a pinch of salt. It also has its fair share of bad reviews. Some users have complained about the robot freezing their MT4 platform (looking at you, Tim Rijnbeek and Kenny Michael Smith).So, does it work? Sometimes. And when it does, it can work splendidly. But it’s not bulletproof. Always do your due diligence and keep an eye on your trades.
Tips for Maximizing Efficiency
If you want to squeeze the most out of the M W Pattern Pro, consider the following tips:- Backtest before going live: Always backtest the robot on historical data to see how it performs.
- Use on multiple assets: Diversify your risk by running the robot on multiple trading pairs or commodities.
- Regularly Update: Check for updates and improvements from the developer.
- Manual Overrides: Don’t be afraid to step in and manually adjust trades if the robot is making poor decisions.
Source Code of M W Pattern Pro
Ah, the elusive source code of M W Pattern Pro. We don’t have it. The robot sold on MQL5 has its secrets, but that doesn’t mean we can’t make our own based on the descriptions available. If you're curious about how such a robot might be coded, join us on easytradingforum.com for a breakdown based on public information.
Code:
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For those itching to get started, you can download the M W Pattern Pro from forexroboteasy.com. If you have questions about creating a similar robot, feel free to ask. Remember, this is a sample code created by the EASY Trading Team, inspired by the description of M W Pattern Pro, and we do not sell the actual M W Pattern Pro.So, there you have it. A robot that can be as rewarding as it is frustrating. Proceed with caution, and may your trading be ever in your favor.