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Trading in the Forex market demands a reliable, efficient, and advanced trading platform. The Peace Of Mind MT5 fulfills these needs, serving as a robust Forex trading software that facilitates real-time Forex market analysis. It’s not just a trading robot or a social trading tool, it is a comprehensive suite packed with advanced Forex tools designed for both technical and fundamental aspects of Forex trading.
Real-Time Analysis with Professional Insights
The unique selling point of Peace Of Mind MT5 is its real-time analysis feature. The software is geared with a professional team of expert traders who remotely provide their analysis. This includes breaking news and other factors that could directly impact the Forex market, providing traders with a robust tool for Forex market analysis.
Setting Up Peace Of Mind MT5
Setting up Peace Of Mind MT5 is fairly straightforward. Upon attempting to attach the Expert Advisor (EA) to a graph for the first time, an alert message pops up with a server address. This address needs to be entered in the MetaTrader 4/5 platform under the expert tab in the options menu. The software allows for WebRequests, which need to be enabled for the provided server address. Once set, the options window can be closed, completing the initial setup process.
Using Peace Of Mind MT5
Once setup is complete, the Peace Of Mind MT5 software can be downloaded from the MQL5.COM and attached to any currency pair graph, irrespective of the time frame. For brokers using symbols suffix, the suffix needs to be entered in EA’s properties field. All other parameters can be left at default unless the user wishes to customize them.
Account Requirements
Peace Of Mind MT5 is compatible with any broker and any account type, however, there are a few requirements. The minimum required balance is $400 in a Cent Account or $40,000 in a Standard/ECN Account, although an ideal recommended balance would be $1,000 in a Cent Account or $100,000 in a Standard/ECN Account. The software requires a minimum leverage of 1:500, and the broker should support a minimum lot/volume size of 0.01.
Cost and Availability
Another notable feature of Peace Of Mind MT5 is its cost. The software is being distributed free of cost, with the creators seeking to improve their ratings and receive valuable feedback on the MQL5.COM platform. This provides an excellent opportunity for traders to experience advanced Forex tools without any financial commitment.
Independent Testing and Updates
Interested users can watch independent testing of Peace Of Mind MT5 on the forexroboteasy.com website. Subscribing to updates on the results of testing this product is also an option, providing users with a comprehensive understanding of the product’s capabilities and effectiveness.
Users of the Peace Of Mind MT5 are invited to share their experiences and feedback. This not only helps potential users make an informed decision but also aids in improving the software based on user feedback and experiences.
FAQ
Is Peace Of Mind MT5 a trading robot?
No, Peace Of Mind MT5 is more than just a trading robot. It comes packed with advanced Forex tools for comprehensive technical and fundamental analysis of the Forex market in real time.
How much does Peace Of Mind MT5 cost?
Peace Of Mind MT5 is being distributed free of cost as the creators seek to improve their ratings and receive valuable feedback on the MQL5.COM platform.
Can I use Peace Of Mind MT5 with any broker and account type?
Yes, Peace Of Mind MT5 is compatible with any broker and any account type.
Remember, this is an independent product review. It doesn’t endorse any product but aims to provide comprehensive, unbiased information to help you make an informed decision.
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