Introduction
Let's take a moment to examine this scrappy little trading bot called Dark Mimas MT5. Apparently it's been earning its keep, garnering a respectable user rating of 4.48 and a flurry of mostly positive comments. However, being the eternal skeptics we are, let’s put this contraption under the microscope and see if it's worth its weight in code.Description of Functions
Dark Mimas MT5, to its credit, is a rather run-of-the-mill trading bot. It monitors market conditions and makes buy/sell decisions based on its built-in algorithms. The bot seems to have its fans, with several users reporting decent profits and stability, particularly with the GBPJPY on M5. However, one user did raise concerns about the spread filter not functioning as expected.Analysis of Results
The consensus among users seems to be that Dark Mimas MT5 is capable of generating steady profits, at least in the short term. One user reported a profit of $117.98 on a demo account with an initial balance of $200, which is quite remarkable. However, without a longer-term analysis, we should take these results with a grain of salt.Pros and Cons
Pros:- Reported to generate steady profits
- Users have found it to be stable
- Questionable spread filter functionality
- Lack of long-term performance data
Source Code of Dark Mimas MT5
Those of you looking for the source code, I hate to be the bearer of bad news, but we don't have the original code of Dark Mimas MT5. But don’t fret, we’ve got the next best thing. We’ve created a code example based on the description provided on the MQL5 website. You can find our rendition of the code on easytradingforum.com. And before you ask - no, we're not selling this bot. We're just trying to demystify the seemingly complex world of trading bots for you.
Code:
You don't have permission to view the code content. Log in or register now.Download Dark Mimas MT5 & Join the Discussion
Looking to give this bot a spin? Download Dark Mimas MT5 and let us know how it goes. Got questions about the code? Fire away. But keep in mind our forum is no place for starry-eyed romantics - we're here for hard-nosed analysis and skeptical scrutiny. See you on the forum, guys!Remember, this is EASY Trading Team. We’re here to make trading comprehensible and accessible, not to be a vending machine for trading bots. So tread carefully, ask tough questions, and as always, happy trading!