Support Resistance Propulsion Targets

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Apr 15, 2024
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Introduction​

Alright, folks, let's cut to the chase. You want to know how to use the Support Resistance Propulsion Targets trading robot effectively. No fluff, no sugarcoating. Just the cold, hard facts. This robot, despite the fanfare, is like any other tool – it’s as good as the hand that wields it. So, let’s get started.

Installation and Setup​

You’ve bought the robot, now what? Follow these steps religiously to get it up and running.

  • Download the Robot: Head to this page and grab the robot.
  • Install: Open your MetaTrader 5 platform. Go to File > Open Data Folder. Navigate to MQL5 > Experts and drop your newly downloaded file there.
  • Restart MT5: Close and re-open the platform. This ensures the robot gets loaded into the system.
  • Attach to Chart: Drag the Support Resistance Propulsion Targets robot from the Navigator pane to your desired chart.
  • Configure Settings: Adjust the robot’s parameters. This is where the magic happens (or doesn’t). Input your stop loss, take profit, and other risk management parameters.
  • Enable Auto-Trading: Make sure to enable auto-trading for the robot to do its thing.

Usage Experience​

Experience, you ask? Well, let's just say I've seen it all. The robot does its job, but don’t expect it to turn water into wine. The Support Resistance Propulsion Targets robot is decent at identifying key levels. But, it’s not going to predict every market movement with pinpoint accuracy. Surprised? You shouldn’t be.

Tips for Improvement​

Want to squeeze every drop of performance from this bad boy? Here are a few tips:

  • Optimize the Settings: Constantly tweak the parameters based on backtesting data. Static settings are for lazy traders.
  • Blend with Discretionary Trading: Don't let the robot run wild. Combine its signals with your own market analysis.
  • Monitor Regularly: Keep an eye on the robot’s performance, especially during significant market events.
  • Update Regularly: Stay updated with any patches or improvements from the developer. Last thing you need is an outdated tool.

Source Code for Support Resistance Propulsion Targets​

Curious about the source code? Sorry to disappoint, but we don’t have access to the original code of the Support Resistance Propulsion Targets robot sold on MQL5. However, you can create a similar one based on its description. If you want to take a stab at it, knock yourself out. But remember, it’s all about translating the strategy into effective code.

Code:
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Download Support Resistance Propulsion Targets Now​

Ready to take the plunge? Download Support Resistance Propulsion Targets from here. If you have any questions about the code or the robot itself, feel free to ask. Remember, this is an example code created by the EASY Trading Team, not the original robot sold on MQL5. We don’t sell the Support Resistance Propulsion Targets robot; we've merely created a code based on its description.

Now, off you go. Happy trading, if that’s even a thing.
 

Attachments

  • Support Resistance Propulsion Targets.mq5
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I've recently acquired this indicator, and I must say, it's impressive! One enhancement that I believe could improve user experience is the ability to customize the colors for PrevDaily H/L. It would make tracking levels much easier and visually intuitive!