Wise MT5

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Apr 15, 2024
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Introduction​


Welcome to the not-so-thrilling world of Forex trading with the Wise MT5 trading robot. If you've ever wanted to watch paint dry while making or losing money, this is your lucky day. In all seriousness, Wise MT5 has potential, just don't expect it to be the Holy Grail. Let's dive into the boring details, shall we?

Installation and Setup​


To get Wise MT5 up and running, you’ll need a stiff drink and some patience. Just follow these steps:

  • First, go to this lovely URL.
  • Download the Wise MT5 trading robot file.
  • Open your MetaTrader 5 platform. If you don’t have it, well, you’re really late to the party.
  • In the MT5 platform, go to 'File' -> 'Open Data Folder'.
  • Navigate to 'MQL5' -> 'Experts', and paste the downloaded file into this folder.
  • Restart MT5. Seriously, it's like turning your computer off and on again.
  • Navigate to 'Navigator' and find Wise MT5 under 'Expert Advisors'. Drag and drop it onto your desired trading chart.
  • Set the parameters according to your trading style. Or guess. Either works.
  • Hit ‘OK’ and start hoping for the best.

Usage Experience​


Using the Wise MT5 robot has been more of a mixed bag than a box of chocolates. You'll see both losing and winning trades because, shocker, it's not perfect. If you're expecting a win every time, prepare for a reality check. The robot performs well in trending markets but might struggle during choppy conditions. If you're still here, keep reading.

Tips for Improvement​


If you made it this far, you're probably looking for ways to make Wise MT5 slightly less disappointing. Here are some tips:

  • Regularly update the robot settings to align with current market conditions.
  • Use proper risk management. It’s not magic; it’s just smart.
  • Combine Wise MT5 with other indicators. A one-trick pony won’t win you the race.
  • Monitor the robot. Automation is great until it isn't.

Source Code of Wise MT5​


Here’s the kicker: we don’t know the actual source code of the original Wise MT5 robot sold on MQL5. But hey, we can create a version based on the description from MQL5. If you’re feeling adventurous, why not try asking your burning questions about the code? You never know; you might learn something.

Code:
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Download the Wise MT5 Trading Robot Now​


Curious about this not-so-magical trading robot? Feel free to download it from forexroboteasy.com/trading-robot/wise-mt5/. If you have any questions about the code, fire away. Just remember, the EASY Trading Team doesn’t sell Wise MT5. We just created a robot based on its description. Because why not?

No reviews yet? Be the first. I dare you.
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