Introduction to PZ Market Profile
PZ Market Profile is an intriguing trading robot that has caught the attention of traders and coding savants alike. The robot, designed for identifying market value areas and price action, has left many users on MQL5 with a mixed bag of impressions. In this tutorial, we will walk you through its installation and setup process, while also providing tips to optimize its performance. Let’s get started, shall we?Installation and Setup
Step 1: First, you need to download the PZ Market Profile. The robot is available at PZ Market Profile at Forex Robot Easy. Make sure to save the .ex4 or .mq5 file into the MQL4/5 indicators folder of your MetaTrader platform.Step 2: Refresh your MetaTrader platform's navigator window or restart the platform to bring the newly added PZ Market Profile into effect.
Step 3: Attach the PZ Market Profile to any chart from the navigator window. Customize your settings in the input tab to suit your trading strategy and risk levels.
Experience using the Bot
PZ Market Profile's performance has been quite a topic of conversation. Some users, like our friend 'farzadteimoori' and 'jb30786a', seem quite pleased with its performance. Others have voiced concern about its tendency to slow down the MT4 platform, with 'gin-tonic' reporting a laggy transition between time frames. Our advice? It is wise to have a reasonably good PC to handle this robot. 'mcshad', too, found this tool useful for identifying zones but experienced similar performance issues.Tips for Improvement
Our two cents? Keep a keen eye on the bot's performance. If you see the robot slowing down your platform, consider reducing the number of bars for calculation. Besides, it may also be beneficial to have stop loss and take profit levels in place to manage risks better.Source Code of PZ Market Profile
For those looking to get their hands dirty with the code, we hate to burst your bubble, but the original source code of PZ Market Profile is not publicly available. However, you can develop your version of the code based on the bot's description on MQL5. Please note that our team at EASY Trading doesn't sell PZ Market Profile but has provided an example code based on its description. Got questions about the code? Feel free to ask.
Code:
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Are you ready to step up your trading game with the PZ Market Profile? Head over to our website today and give it a try! Feel free to share your thoughts and experiences about the robot on our forum. Remember, the EASY Trading Team's forum code is based on the bot's description from MQL5. We neither sell nor own the original PZ Market Profile.Still, we hope our guide brings some clarity about the PZ Market Profile. Remember, trading is not a sprint but a marathon, and every tool that can assist your journey is worth exploring. Happy trading, folks!