DI Support resistance

[TopicStarter]

Introduction​

Well, here we go again. Another trading robot on the block with a fancy name: DI Support Resistance. Apparently, this masterpiece is so elusive that there are no user reviews or ratings available for it. What a surprise. But let's not waste time on sarcasm alone. I'll dive into the core components of this trading robot and offer my professional take on its performance over the last year.

Function Description​

The DI Support Resistance trading robot supposedly excels at identifying support and resistance levels. It’s designed to:

• Analyze historical price data to determine key support and resistance levels
• Place trades based on breaks and bounces off these levels
• Adjust stop-loss and take-profit levels dynamically
• Utilize trailing stops for better risk management

Sounds impressive, right? Let's dissect this further.

Analysis of Results​

According to the available data (or lack thereof), the robot has been operational for the past year. Here's a breakdown:

• Monthly Average Return: Moderate at best
• Maximum Drawdown: Quite high for comfort
• Win Rate: Inconsistent, varies significantly month-to-month
• Number of Trades: More than you'd care to micromanage

Looking at these results, it's clear that DI Support Resistance is not the Holy Grail of trading bots. Its performance is fluctuating and, frankly, does not inspire much confidence.

Pros and Cons​

Pros:

• Identifies key market levels effectively
• Automates trade entries and exits
• Dynamic risk management features

Cons:

• Inconsistent performance
• High drawdown
• Lack of user reviews and independent verification

Conclusion​

Ah, another trading robot with lofty promises but less-than-stellar execution. DI Support Resistance shows potential but falls short in consistent performance and reliability. If you're adventurous and have money to spare, give it a shot. Otherwise, maybe hold off until it proves itself with some solid user reviews and ratings.

Source Code of DI Support Resistance​

Here's the kicker: the original source code for DI Support Resistance is a mystery. But don't fret, we've created a sample code based on the description available on MQL5. This isn't the original, but it can provide a decent starting point for those interested in coding their own version.

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Download DI Support Resistance Trading Robot Code​

So, you want to download a version of the DI Support Resistance trading robot? You can find the example code here. If you have any questions or run into issues, feel free to ask away on easytradingforum.com. Just remember, this is a recreated version based on public information and not the official robot being sold on MQL5. The EASY Trading Team doesn't sell the DI Support Resistance robot; we've simply provided this code based on its description.