Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I approach every trading robot with a healthy dose of skepticism. Entry Points Pro EA MT5 is no exception. With a rating of 4 and mixed user reviews, it's clear that this robot has both its fans and detractors. Let's dive into its features, analyze its performance, and see if it lives up to the hype.Description of Features
Entry Points Pro EA MT5 boasts several features designed to make trading easier and more efficient. The robot is compatible with any broker and asset, making it versatile for various trading environments. It uses the Entry Points Pro indicator to autonomously open and close trades, with customizable risk management settings, including initial lot size, compound risk, stop-loss, and take-profit levels. The robot also includes a news filter to avoid trading during high-impact news events, and it offers both automatic and semi-automatic trading modes.Performance Analysis
Over the past year, Entry Points Pro EA MT5 has shown mixed results. Some users, like Mtrade78 and Betty Suarez, have praised its performance, with Mtrade78 calling it promising and Betty Suarez expressing happiness with the EA. However, others, like Anthony Ka-jiun Ng, have been less impressed, suggesting that users might be better off using the indicator alone. This disparity in user experiences highlights the importance of proper configuration and market conditions.Pros and Cons
- Pros:
- Versatile and compatible with any broker and asset
- User-friendly setup and customizable settings
- Proven trading algorithms based on the Entry Points Pro indicator
- Includes a news filter to avoid high-impact events
- Cons:
- Inconsistent performance in volatile markets
- Requires continuous monitoring and adjustment
- Mixed user reviews and experiences
- Steep price tag of $555
Conclusion
Entry Points Pro EA MT5 is a trading robot with potential, but it's not without its flaws. While some users have found success with it, others have been disappointed. Its versatility and user-friendly setup are commendable, but the inconsistent performance and high price may be deterrents for some traders. As always, it's crucial to approach with realistic expectations and a willingness to monitor and adjust the EA as needed.Source Code of Entry Points Pro EA MT5
We don't have access to the original source code of the Entry Points Pro EA MT5 sold on MQL5. However, based on its description, we have created a sample code available on easytradingforum.com. This code is an example based on the provided specifications and is not the original robot being sold.
Code:
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