Neon Shadow MT5
- Experts
- Evgeniy Ilin
- Version: 2.3
- Updated: 22 July 2024
# Neon Shadow MT5
We present to your attention Neon Shadow – a unique innovation in the field of algorithmic trading that utilizes advanced machine learning methods.
Our advisor is fully autonomous and ready to go after being installed on any chart and timeframe. It operates on the principle of "set it on the chart and forget it."
This is a light version of the paid advisor Neon Trade MT5, which can work either independently or in tandem with the paid version (recommended).
!!! Version for MetaTrader 4 !!!
COMPLETE GUIDE TO INSTALLATION AND OPERATION
## Settings for DYNAMIC mode ##
## Advantages for Traders:
- Ready to use immediately after installation on any chart (if you bought Neon Trade MT5 or Neon Trade MT4, you have an advantage! Contact me in private and I'll help set up the advisor for more efficient operation)
- Ideal for both beginners and experienced traders.
- Dynamic Adaptation: (if you buy Neon Trade MT5 or Neon Trade MT4).
- Risk Minimization: Various settings for capital and position management allow keeping the risk at a comfortable level.
- The advisor executes trades at the appearance of a new bar, which makes it equally effective in both demo and real accounts
- Thanks to the concept of bar trading, the advisor performs consistently across different accounts and is not sensitive to ticks
## Features of Neon Shadow:
- Intelligent Auto-Tuning: Immediately after activation, the advisor automatically sets up by either loading static settings embedded in the advisor or dynamic ones (can be synchronized with Neon Trade MT4 or Neon Trade MT5, after buying one of them).
- Multi-Currency: Neon Trader works with multiple currency pairs simultaneously.
- Very fast backtesting in the strategy tester (you can select OHLC on M1 to speed it up, which won't affect the test result)
## Characteristics and Settings:
- Static mode or dynamic mode (embedded settings/auto-update of settings (downloading setup files from the product page))
- The ability to hold losses or use a simple martingale strategy (optional).
- Adjustable stop loss and take profit settings.
- Optimal balancing of currency pairs using volatility
- The ability to trade only on instruments with positive swaps (optimal for the carryover of losses mode)
## Recommendations:
- Optimal deposit: $1000+
- Account type: ECN, Raw, or Razor with minimal spreads and swaps.
- Account mode: hedging
- Trading mode: static or dynamic (if you buy Neon Trade MT5 or Neon Trade MT4 or you can manually update setup files)
## Bonuses
- The public Telegram channel of the project with automatic generation of settings for DYNAMIC mode.
- Buy just one copy of Neon Trader and trade on one hosting or home PC using as many trading terminals as you want together with Neon Shadow!
- By purchasing the version for MetaTrader 4 or MetaTrader 5, there is no need to buy a version for the other terminal 4/5 (in such a case, you can boldly use Neon Shadow for both versions of the terminal (MT4 or MT5))
- Neon Shadow is a free version of this advisor, which only differs in that it does not have an API connection, which is provided by the paid version.
- Neon Trade and Neon Shadow were developed with the possibility of joint use (in simple terms, you can pool money with friends or colleagues to buy one copy, I'll show you how to use it on multiple accounts at once, write to me in private and I'll explain everything if you're interested)
## Main ideas and theoretical background (our unique articles and research preceding the development of the advisor, for those who have the time to delve into it)
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