Introduction
In the ever-evolving world of forex trading, tools can make or break your strategy. Today, we'll delve into the Supply And Demand Zones Detector, a trading robot with mixed reviews and a modest average rating of 2.67. Is it worth your time? Let's break it down and find out.Installation and Setup
To get started with the Supply And Demand Zones Detector, follow these steps:- Download the Robot: Visit this link and download the robot.
- Install the Robot: Open your MetaTrader 5 platform, click on File, then Open Data Folder. Navigate to the MQL5 folder and drop the downloaded robot file into the Experts directory.
- Activate the Robot: Restart your MetaTrader 5 platform, head to Navigator, right-click on Expert Advisors, and hit Refresh. You should see the Supply And Demand Zones Detector in the list. Drag and drop it onto your desired chart.
- Configure Settings: Adjust the settings to suit your trading strategy. You can tweak parameters like timeframe, sensitivity, and level display options.
Experience Using the Robot
My experience with the Supply And Demand Zones Detector has been, shall we say, educational. Pete080368 swears it works perfectly on higher timeframes if you want to trade on lower ones. Thomas Bradley Butler, on the other hand, finds it confusing with too many recalculations. And let's not forget 8601567, who reminds us to rent it first before committing $50.Personally, I find the robot somewhat overcomplicated. The recalculations can be a headache, especially when switching timeframes. It's like the robot has a mind of its own and insists on showing off its recalculating prowess.
Tips for Improving Performance
If you insist on using this robot, here are a few tips to make it more tolerable:- Higher Timeframes: As Pete080368 suggests, use higher timeframes to minimize the recalculation mess.
- Test Before Purchase: Follow 8601567's advice and rent it first. This will save you from potential buyer's remorse.
- Simplify Settings: Reduce the number of levels displayed to avoid a cluttered screen.
- Stay Updated: Regularly check for updates. Sometimes the developers surprise us with improvements.
Source Code of Supply And Demand Zones Detector
We don't have access to the original source code of the Supply And Demand Zones Detector sold on MQL5. However, you can create a similar algorithm based on the descriptions available on the MQL5 marketplace. If you have specific questions about coding, feel free to ask. Keep in mind that the code provided by EASY Trading Team is purely a replication based on the available descriptions and not the exact algorithm sold.
Code:
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