Introduction
Candle by Seconds is an intriguing trading robot that has garnered a fair amount of attention within the MQL5 community. With a user rating of 4.63, it seems to have generated both praise and criticism. Let's peel back the layers and assess its effectiveness based on user comments and available data.
Functionality Overview
Candle by Seconds specializes in generating second-based candles for charting purposes. While this is not tradable in its current form according to user are1971, it does provide a unique perspective on market movements that typical minute-based charts cannot offer. Here are some of its core functions:
- Generates second-based candles for granular market analysis.
- Compatible with multiple symbols.
- Works seamlessly with EURUSD pairs (though not without reported errors).
- Free to use, which is always a plus.
Performance Analysis
Analyzing the results from the past year, we see mixed feedback. User srihari46 gives it a rating of zero but claims it works flawlessly. Confusing, isn't it? On the other hand, pofak4ever highlights recurring symbol selection errors, a glaring issue that needs addressing. Overall, the robot has potential but is marred by bugs and limitations in its current form. For a more detailed analysis, visit this site.
Pros and Cons
Pros:
- Provides unique granular analysis with second-based candles.
- Free to use, reducing entry barriers.
- High average user rating indicates overall satisfaction.
Cons:
- Not tradable in its current form.
- Frequent errors and bugs.
- Limited to specific symbols.
Source Code for Candle by Seconds
Unfortunately, the original source code of Candle by Seconds remains a mystery, tightly held by its creator. However, if you're keen on dissecting its functionalities, the MQL5 sales page provides enough information to create a similar version. The site mentions detailed descriptions that can guide you in building your own version. Remember, our team at EASY Trading Team does not sell this robot; we merely provide educational content based on its description.
Code:
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Are you intrigued by Candle by Seconds? Do you want to delve into second-based market analysis? Download it today and share your results. If you encounter any issues or have questions about the code, feel free to drop them on the forum. Remember, the code provided by us is an educational example based on the information available from MQL5. Join the discussion and help improve this intriguing piece of trading software.
For more details and to download, visit this link.