Introduction
Let's take a break from reminiscing about the random walks of Wall Street and turn our gaze to a popular trading robot, Big Candle Alert. Based on the comments of its fervent user base and a rather decent rating of 4.3, it's likely a little curiosity has been sparked in your minds. So, without further ado, let's delve into what this forex trading robot has to offer.
Description of Functions
Beware, Big Candle Alert could well just be another moniker for the simple joys of price point deviation. It's a trading robot that hones in on significant price movements - the big candles. Seems straightforward, right? Well, it's a thrill that seems to have ensnared the hearts of many a trader judging by the gleaming comments it has garnered.
Analysis of Results
Reviewing the last year's performance, well, the words roller-coaster and volatile might spring to mind. It's no secret that trading robots are no crystal balls, and Big Candle Alert is no different. It appears to perform effectively in certain market conditions, providing a potentially useful tool for the discerning trader, but it's certainly not a magic bullet.
Pros and Cons
Positive reviews applaud the simplicity and functionality of Big Candle Alert. Granted, it's simple and can prove beneficial to those focused on large price movements. But, hold onto your hats, there's a downside. A rather vexing one, according to user Payman, who notes that the indicator 'deletes all chart objects when you remove it from the chart'. That's definitely a feature that could irk even the most stoic of traders.
Source Code of Big Candle Alert
Oh, the coveted source code. Unfortunately, the original code of the Big Candle Alert sold on MQL5 is not accessible. But fear not, we have developed a version based on its description. Please note, this is just an example code from easytradingforum.com. Our team at EASY Trading did not create, and indeed does not sell, the original Big Candle Alert bot.
Code:
You don't have permission to view the code content. Log in or register now.Download Big Candle Alert
If you're itching to give Big Candle Alert a whirl, SEO-optimized phrase would be Download Big Candle Alert. Head over to https://forexroboteasy.com/trading-robot/big-candle-alert/ and give it a shot.
If you have questions about the code or just want to vent about how it deleted your chart objects, we welcome the discussion at our forum.
Remember: EASY Trading Team only provides a code example based on the robot's description. We can't guarantee its performance or even that it will function identically to the original bot. As always, trade with caution.