Introduction
So, you've got your hands on the trading robot Stern. Impressive? Maybe. But before you get too excited, let’s be clear: every trading strategy comes with its own bag of risks and potential mishaps. Even with Stern, skepticism is healthy. In this guide, we'll go through the process of setting up and optimizing Stern for maximum efficiency. After all, why not squeeze every bit of potential out of it, right? For those of you who have used Stern, feel free to leave a review. We are not aware of any reviews for this product. No reviews. No rating formed.Installation and Setup
First things first, you need to get Stern up and running. Here’s a straightforward, no-nonsense guide:- Download Stern: Visit the official Stern page and download the robot.
- Install MT5: If you haven’t already, install MetaTrader 5. This is your trading playground.
- Add Stern to MT5: Move the downloaded Stern files to the 'Experts' directory in your MT5 folder. Restart MT5 to see Stern in your navigator.
- Attach to Chart: Drag and drop Stern onto the currency pair chart you intend to trade. Make sure to enable 'AutoTrading.'
- Configure Settings: Dive into the settings to configure risk management, trading hours, and other parameters. Don’t just go with the defaults, unless you're the kind to play Russian roulette.
Experience Using Stern
Using Stern has been a mixed bag, as expected. It performs decently in trending markets but tends to struggle during high volatility periods. Here’s a bit of insight from personal use:- Risk Management: Stern has decent risk management settings, but always double-check. A robot that can't handle risk is just an expensive paperweight.
- Performance: The statistics available on the official page show reasonable returns. But remember, past performance is no guarantee of future results.
- Customizability: Stern offers various settings for tweaking. This adds layers of flexibility, but also complexity. Know what you're doing.
Tips for Improvement
Sure, Stern is decent, but there's always room for improvement.- Backtest Rigorously: Don’t trust on-face value. Backtest Stern under various market conditions.
- Optimize Periodically: Market conditions change. Regularly optimize the parameters.
- Stay Updated: Keep an eye on updates and community feedback. If everyone jumps ship, you might want to reconsider your choices.
Source Code of Stern
Now, let’s talk code. We don't have access to the original source code for Stern as sold on MQL5. However, we can develop a decent version based on its description. Feel free to visit easytradingforum.com for more info. If you have any questions about coding, ask away. Remember, EASY Trading Team isn't selling Stern. We’re merely offering a custom code version inspired by the Stern robot description.
Code:
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