Introduction
In the grand arena of automated trading, the MIN MAX of the Day trading robot stands as a commendable contender. It's well liked, that's for sure. But is it effective? Let's peel back the layers and find out.
Installation and Settings
Like any other MQL5 trading robot, the installation process for MIN MAX of the Day is straightforward. Download the file, open MetaTrader 5 platform, click File on the top left, then Open Data Folder. Go to MQL5, Experts, and paste the file there. Restart your MT5 and drag the robot to your chart. Voila, the robot is ready to work for you.
Setting up the MIN MAX of the Day trading robot is just as simple as its installation. The settings allow you to customize the period for the high and low, whether its daily, weekly or yearly, as our friend Pedro Luis Oiaz Villamar has mentioned. Thanks for the tip, Pedro.
Using Experience
Our dear user, Rateixeira76, calls it Simple and efficient. And yes, it is indeed. However, it highly depends on how effectively you can exploit its simplicity to maximize your trading gains. User feedback suggests that the robot does a good job marking out the max and min for your chosen period, which can indeed make trading decision making faster and somewhat more accurate.
Improvement Tips
Now, the elephant in the room. Is the MIN MAX of the Day perfect? Far from it and user parranderosswin's claim that it's a Perfect indicator smacks of youthful exuberance. Fluctuating market conditions could easily alter these levels and one must always manually verify before placing trades. Also, factor in economic news and market sentiment, which this robot fails to consider.
Original Code of MIN MAX of the Day
Oh, the code! Everyone wants the code. But the true origin of the MIN MAX of the Day trading robot's source code remains a mystery to the public. Perhaps, it's locked away in the vaults of MQL5. However, the team at EASY Trading Team, in all its brilliance, has managed to create a code based on the description from MQL5. You can find this example code at easytradingforum.com. But remember, we're not selling it. We just love to crack the code.
Code:
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If you're ready to let the MIN MAX of the Day trading robot grace your screen, go ahead and download it from the official website. And when you do, read the full description and never hesitate to throw questions. As for the code, try the example at easytradingforum.com. Who knows, you might find it useful. But, don't forget, even robots aren't infallible. Happy Trading!