Introduction
Let's cut to the chase and dig into the matter, no fluff, no nonsense. Here, we're discussing and analyzing a trading robot named Copy Cats Trade Copier MT5. Its rating is a solid 4.88, which is quite impressive, dare I say. But as seasoned traders and skeptics, we don't let ratings blind us, do we?Features of Copy Cats Trade Copier MT5
This is more than just a robot; it's a duplicator of trading actions. In layman's terms, it does what you do, but on another platform or account. An intriguing concept, I must confess, but let's not get swept off our feet just yet.Now, the first user, Kwong Yuan, raises a curious point about not wanting to replicate closing trades. Interesting approach, but maybe the robot isn't designed that way, the details of which we will discuss later.
Then there's Hamed Arfaee, another satisfied user, who talks about the difference in symbol names in different brokers. Now, that’s a problem as old as trading itself. The tool's ability to resolve this discrepancy could be a game-changer.
Finally, The Vu van is concerned about the compatibility between MT4 and MT5. Not an uncommon issue, but one worth addressing. He also enquires about copying from investor accounts. Our little robot sure has quite a bit on its plate, doesn't it?
Analysis of Results
Our take on this bot's performance is based on user reviews and last year's data, the details of which you can check on this link (no affiliate sales here, just plain facts). The performance does seem to match the high rating, but should we take it at face value? I would suggest not.Pros and Cons
The Copy Cats Trade Copier MT5 appears adaptable to different brokers and accounts, which is a plus. However, the issues on symbol translations and compatibility between MT4 and MT5 might need some work. But then again, no tool is perfect.Source Code of Copy Cats Trade Copier MT5
Here's the thing, we don't have the original source code of this bot. You heard it right. But based on its description on MQL5, we have created our own version. Our code is available for discussion, dissecting, and criticism on easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download Copy Cats Trade Copier MT5: Questions and Answers
Got any questions about the code or the bot? Feel free to ask on our forum. Please remember, this code is a creation of EASY Trading Team, based on the bot's description. We're not selling the Copy Cats Trade Copier MT5, we've just made our own version of it.So, if you're up for some trading robot talk, let's get the discussion started. And remember, keep it real and keep it skeptical. We're here to trade, not to marvel at fancy tools.
And if you would like to take this bot for a spin, just download Copy Cats Trade Copier MT5 and see how it fares.