Introduction to Using the Trading Robot Stop Guardian
Browsing the trading corridors of MQL5, you will inevitably stumble upon the Stop Guardian trading robot. A piece of software that promises to run quietly in the background, absorbing all the market's hard knocks so you don't have to. Works perfect for me in the background. Every trade I take is now supported by a simple trailing stop. You can take trades with confident, says 'Correcttrader FONT'. Sure, it sounds promising, but let's not get carried away. Behind every shiny robot exterior, there's bound to be some nuts and bolts needing a bit of tweaking for optimum performance. So let's roll up our sleeves and dig in, shall we?Setting Up and Optimizing the Stop Guardian
First and foremost, remember that robots are not wizards. They can't produce magic out of thin air. You'll need to feed this one a specific set of parameters before it can start doing its job. Here's how:- Download Stop Guardian from forexroboteasy.com.
- Install it into your MetaTrader 5 platform. You'll find instructions for this step on the download page.
- Open the settings interface and configure parameters such as the lot size, the trailing stop, and the break-even point. This isn't exactly rocket science, but it does require some thought. We recommend starting small and adjusting as you get familiar with the software.
Experience Using Stop Guardian
Once you've got your Stop Guardian up and running, you'll be able to sit back and watch it in action. In our experience, the robot performs its duties admirably, providing a safety net for every trade you make. Now, don't let this lull you into a false sense of security. Every trade I take is now supported by a simple trailing stop, says Correcttrader FONT. Sadly, not all trades will end with you swimming in profit. That's where the trailing stop comes in, it adjusts depending on the market's movement, securing your profit while limiting your losses. Clever, isn't it?Tips for Enhancing the Stop Guardian's Performance
Having tested the Stop Guardian extensively, we've identified a few areas where you can fine-tune its performance. Correcttrader FONT mentioned a break-even stop. That's one way to go about it, but we believe there's always room for improvement. By adjusting the trailing stop and the break-even point, you can strike a balance between risk and reward. We suggest keeping an eye on market trends and adjusting your settings accordingly.The Source Code of Stop Guardian
No, we don't have the original source code of the Stop Guardian sold on MQL5, you might hear us sigh in exasperation. However, we've created a code based on the description from MQL5 website. It's just for fun and comes with no guarantees. So, if you have any queries regarding the code, or you fancy a little challenge, drop us a line on our website, easytradingforum.com.
Code:
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