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Market Pulse Beta

September 28, 2024

Market Pulse Beta

Description: Market Pulse Beta is a sophisticated MT5 trading robot designed to harness the power of market momentum and trend analysis. Utilizing advanced indicators, including the Money Flow Index (MFI) and moving averages, this robot identifies profitable trading opportunities across multiple timeframes. It is ideal for traders looking to automate their trading strategies while minimizing risk through smart stop loss and take profit settings.

User Manual

Installation Guide:

Download the Robot:

    1. Obtain the MarketPulse Beta robot file (.ex5 format).

Install the Robot:

    1. Open your MetaTrader 5 platform.
    2. Go to File > Open Data Folder.
    3. Navigate to MQL5 > Experts and place the .ex5 file in this directory.
    4. Restart MetaTrader 5.

Activate the Robot:

    1. Open a new chart for the desired currency pair.
    2. Find MarketPulse Beta in the Navigator window under Expert Advisors.
    3. Drag and drop the robot onto the chart.
    4. Ensure the “Allow live trading” option is checked in the settings.

Settings

  • InpSL: Stop Loss (in points)
  • InpTP: Take Profit (in points)
  • InpSlippage: Maximum slippage allowed (in points)
  • InpMagicNumber: Unique identifier for the expert advisor
  • InpPeriodMFI: Period for the Money Flow Index (MFI)
  • InpMAPeriod: Period for the moving average
  • InpLot: Lot size for trading
  • InpVolume: Volume setting for MFI calculations
  • InpAverBodyPeriod: Period for averaging body sizes in candlestick analysis

FAQ

  1. How does Market Pulse Beta determine when to trade?
    Market Pulse Beta analyzes market trends and momentum using the MFI and moving averages. It opens buy/sell positions based on specific signals derived from these indicators.
  2. Can I customize the settings?
    Yes, you can adjust settings like Stop Loss, Take Profit, and lot size according to your trading strategy and risk tolerance.
  3. What currency pairs can I trade with this robot?
    Market Pulse Beta can be used on any currency pair supported by MT5. However, it is advisable to back test on the pairs you intend to trade.
  4. Is there a recommended time frame for using this robot?
    Market Pulse Beta is optimized for M1, M5, M15, and M30 time frames. Adjust your settings based on your preferred trading style.
  5. What should I do if the robot does not trade?
    Ensure that:
  • Live trading is enabled in the robot’s settings.
  • The robot is correctly attached to the chart.
  • Market conditions are suitable for trading based on the set parameters.
  1. How can I monitor the robot’s performance?
    You can monitor the robot’s performance in the Account History tab on your MT5 platform. The robot logs all trading activity, including profit and loss.

Conclusion

Market Pulse Beta offers traders a reliable automated trading solution that adapts to dynamic market conditions. With its comprehensive settings and user-friendly interface, you can enhance your trading efficiency and potentially maximize your profits. Start trading with Market Pulse Beta today and experience the future of forex trading!

 

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