Introduction
Trading in Forex market can be as thrilling as it is risky and a trading robot like Event Horizon MT5 is often viewed as a potential helper in this volatile world. However, without any reviews or ratings from real users, all we have to rely on is the hard, raw data provided by the developers. So, let's roll up our sleeves and get down to a meticulous analysis of this trading robot.Description of Functions
As per the site, Event Horizon MT5 has been designed to work on the MetaTrader 5 platform. This presumably fully automated Expert Advisor claims to work on the principle of market volatility detection and profit from the price movements. However, without a proper insight into the trading algorithm or strategy it uses, it's like shooting in the dark.Analysis of Results
Going by the information provided on the developer's website, there is no mention of any verified live trading results or backtesting data. In the world of algorithmic trading, past performance is an important criterion and in this case, the lack of historical trading data is concerning.Pros and Cons
Pros:- Celebrates simplicity and easy to use setup
- Claims to work based on market volatility
- Lack of user reviews and ratings
- No verified live trading results
- Absence of detailed trading strategy information
Source code of Event Horizon MT5
As we do not have access to the original source code of the Event Horizon MT5 sold on MQL5, we can only guess how it may be structured based on its description. If you have any questions regarding the coding part or need assistance to create your own version of it, feel free to ask on our forum. Please note that we at the EASY Trading Team do not sell the Event Horizon MT5, and our code is simply an interpretation based on publicly available information.
Code:
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