Introduction
Let's dive into the effectiveness of the trading robot Chart Local Time. With a user rating of 4.67, it appears to be well-received by some, but let's look beyond the surface. Analyzing both user feedback and available statistical data, we'll get to the bottom of its capabilities and shortcomings.
Description of Features
Chart Local Time is designed to adjust the time scale on your MT4 charts to local time, addressing a common issue many traders face. The primary functions include:
- Adjusting chart time to match local time
- Working seamlessly with existing charting tools
- User-friendly interface
- Compatibility with MT4 (with users wishing for an MT5 version)
The main attraction here is solving the headache-inducing problem of incompatible time zones, especially for those handling multiple platforms or regions.
Analysis of Results
Based on user feedback and the available data at Forex Robot Easy, the robot has shown mixed performance:
- User rey1234l rated it 0, indicating issues with the robot loading onto charts.
- User gtlfx also rated it 1 due to MT4 crashes and installation troubles.
- Positive reviews from users like florin79 and Daniel C Thompson, who rated it 5, suggest that it works as advertised for some.
- User madwt rated it 0 despite calling it phenomenal, likely frustrated by the lack of an MT5 version.
The robot's performance thus seems inconsistent, potentially reliable for some while problematic for others.
Pros and Cons
Pros:
- Solves the time scale issue on MT4 effectively for many
- User-friendly and easy to implement
- Positive feedback from satisfied users
Cons:
- Inconsistent performance, causing crashes for some users
- No MT5 version, limiting its usability
- Mixed user reviews highlight potential instability
Conclusion
Chart Local Time appears to be a hit-or-miss tool. While it solves a specific problem admirably for some, its inconsistency and the lack of an MT5 version limit its broad appeal. If you decide to use it, be prepared for possible technical difficulties and don't hesitate to seek support.
Chart Local Time Source Code
The original source code for Chart Local Time is not publicly available, meaning the exact implementation details remain unknown. However, we can create a similar code based on its description on MQL5. If you have questions about such a code, feel free to ask us on easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download Chart Local Time for Free
For those intrigued and wanting to try out this robot despite its flaws, you can download Chart Local Time from the MQL5 marketplace or check out the example code created by the EASY Trading Team. Note that this code is based on the robot's description and is not the original version.
If you have any questions or need further assistance, join us on the forum and let's discuss!
Chart Local Time Trading Robot Download and Review