Introduction to Chart patterns scanner MT5
It seems that another trading robot named Chart patterns scanner MT5 has made its way into the market and created quite a buzz among users with positive reviews and a solid 5-star rating. Alright then, let's dig into it.Chart patterns scanner MT5 Functions
According to the information provided on MQL5, this robot, as the name suggests, is designed to scan chart patterns. It's claimed to offer customizable settings, finding good entry signals that apparently make it a favorite for both beginners and expert traders. It's also mentioned to be compatible with expert advisors (EAs), a noteworthy feature to automate trading based on the robot's signals.Analysis of Results
Well, it's quite challenging to provide an in-depth analysis of the Chart patterns scanner MT5's performance as the detailed statistics are not readily available here. But the trading results on forexroboteasy.com and users' comments point towards a satisfactory performance over the past year.
Pros and Cons of Chart patterns scanner MT5
The good side seems to be its user-friendly interface, customizable settings, and EA compatibility. The bad side? Hard to say. Some users noted the need to read through in order to understand the logic behind it, which might be a hurdle for some.Source Code of Chart patterns scanner MT5
Just to clarify, we do not possess the original source code of Chart patterns scanner MT5 being sold on MQL5. Nevertheless, we might be able to mimic most of its functions based on the description provided on the MQL5 website.If you have any questions regarding the code, feel free to shoot them. Remember, this is a code example from easytradingforum.com, and is based on the description of the robot sold on MQL5. The EASY Trading Team neither sells nor promotes the original robot.
Code:
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So, there you have it, a brief insight into the Chart patterns scanner MT5 functionality and performance. Given the user feedback and the limited analysis that could be made, it seems like a decent tool worth trying out.Feel free to discuss your experiences with this robot on our forum and share your trading results. That’s the only way we can assess these things properly. Remember, in this world of trading, everything should be taken with a pinch of skepticism and a gallon of testing.