Introduction
Mirror Chart Trading Robot is an intriguing addition to the world of automated trading. While some users, like krutov64, might find it fascinating with its potential for huge profits if timed correctly, remember: every strategy has its flaws. With a rating of 4.8 and comments like A good indicator shows clearly the levels of correlation, it's hard not to give it a shot. But, in the world of trading, skepticism is a valuable asset.Installation and Setup
Here's where the rubber meets the road. Installing and setting up the Mirror Chart is straightforward, but ensuring it works to its maximum potential is a different story.- Download the Mirror Chart robot from https://forexroboteasy.com/trading-robot/mirror-chart/.
- Open MetaTrader 5.
- Go to File > Open Data Folder.
- Navigate to MQL5 > Experts.
- Paste the downloaded file into this directory.
- Restart MetaTrader 5.
- In the Navigator panel, find the Mirror Chart under Expert Advisors.
- Drag it onto the chart you wish to trade on.
- Adjust the input settings according to your trading style and risk tolerance.
Experience Using Mirror Chart
Using Mirror Chart, you might experience what some users like Nafik1 and lia have noted: clarity in correlation levels and an appreciation for the indicator's performance. However, don't let the initial success blind you. Continually monitor its performance and be prepared for market conditions where its magic might falter.Tips for Improving Performance
Optimizing a trading robot is an ongoing process. Here are some tips to get the most out of Mirror Chart:- Backtesting: Before deploying it live, extensively backtest the robot on historical data.
- Risk Management: Never risk more than you're willing to lose. Adjust stop-loss and take-profit levels wisely.
- Regular Updates: Keep an eye on updates from the developer to ensure you're using the latest version.
- Diversification: Don't rely solely on one robot. Use a combination of strategies to hedge your positions.
Source Code of Mirror Chart
The true source code of the original Mirror Chart robot sold on MQL5 is not available to the public. However, based on the algorithm descriptions from MQL5, our team at EASY Trading Team has developed a similar code. Please note, we do not sell the Mirror Chart robot; we only provide our version based on the descriptions available.
Code:
You don't have permission to view the code content. Log in or register now.