AV Monitor MT5

[TopicStarter]

Introduction​

AV Monitor MT5 is a trading robot designed to provide a comprehensive visual analysis of closed orders. With a rating of 5 and positive user feedback, it appears to be a promising tool for traders. However, as a professional trader and MQL5 programmer, I approach every trading strategy with a healthy dose of skepticism. Let's dive into the features, analyze the results, and see if AV Monitor MT5 truly lives up to its reputation.

Description of Features​

AV Monitor MT5 offers a range of features aimed at providing detailed insights into trading performance:

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  - Historical analysis of closed orders, displaying profit/loss, entry/exit points, and duration.
  - Visual representation of trading performance with balance and equity curves.
  - Separation of long and short positions for more granular analysis.
  - Filtering options by symbol, magic number, and order comment.
  - Customizable display settings for text color, size, and position.
  - Support for multiple indicators on one chart.
  - Optional price labels for balance and equity curves.
  - Zero line for reference.

These features are designed to give traders a clear and customizable view of their trading activities, making it easier to compare different expert advisors.

Analysis of Results​

Over the past year, AV Monitor MT5 has shown consistent performance in providing accurate visual representations of trading data. Users like Ilse Finanz have praised its structured and easy-to-understand interface, along with its extensive customization options. The ability to filter and analyze specific trades has been particularly appreciated, allowing for a more focused evaluation of trading strategies.

However, it's essential to remember that while the tool provides valuable insights, its effectiveness ultimately depends on the user's ability to interpret and act on the data. A structured trading monitor is indeed half the battle, but the other half lies in the trader's skill and experience.

Pros and Cons​

Pros:

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  - Comprehensive visual analysis of trading performance.
  - Extensive customization options.
  - Ability to filter and focus on specific trades.
  - Positive user feedback and high rating.

Cons:

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  - Complexity may be overwhelming for less experienced traders.
  - Effectiveness depends heavily on the user's ability to interpret data.
  - Not a magic bullet for instant profitability.

Conclusion​

AV Monitor MT5 is a robust tool for traders looking to enhance their performance analysis. Its extensive features and customization options make it a valuable asset for those willing to invest the time to master it. However, it's not without its challenges, and traders should approach it with realistic expectations. We encourage users to discuss this robot on our forum and share their results.

Source Code of AV Monitor MT5​

We do not have access to the original source code of the AV Monitor MT5 robot sold on MQL5. However, based on its description, we have created a sample code available on easytradingforum.com. This example is intended to help traders understand how such a robot might be implemented. Please note that the EASY Trading Team does not sell AV Monitor MT5; we only provide this code based on its description.

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Download AV Monitor MT5 - Get Your Copy Now​

For those interested in exploring AV Monitor MT5 further, you can download it from the official MQL5 marketplace. If you have any questions about the code or its implementation, feel free to ask on our forum. Remember, this is a sample code created by the EASY Trading Team based on the description of the robot available on MQL5. We do not sell the AV Monitor MT5 robot, but we aim to provide valuable insights and tools for the trading community.