Introduction
Oh, another trading robot. Surprise, surprise. This time it's the FVG Finder, a piece of software that's apparently a godsend for some traders. Let's dive into its functionalities, shall we?Description of Functions
The FVG Finder is designed to locate Fair Value Gaps (FVG) in the market. It offers:- Automatic detection of FVGs
- Ability to trade based on FVG signals
- Customizable settings for FVG parameters
- Integration with MetaTrader 5
Analysis of Results
According to the overjoyed traderspeed and his sterling 5-star rating, the indicator is excellent. Compelling, isn't it? But one gushing review doesn't make a robust analysis. For some hard data, we’d need to look at detailed statistics, which you can find at this link.The robot allegedly performed well over the last year. But without seeing the nitty-gritty, like win rate, drawdown, or profit factor, let's just say I'm not convinced.
Pros and Cons
Pros:- Automated gap detection reduces manual effort
- Customizable parameters offer some flexibility
- Integration with MT5 is always a plus
Cons:
- Limited user reviews to gauge widespread effectiveness
- Unknown long-term reliability
- Potential over-reliance on a single market principle
Conclusion
Does FVG Finder sound like the Holy Grail of trading robots? Hardly. Its pros make it a convenient tool, but its cons loom large. You'd be wise to test it thoroughly before deploying it on a live account.Source Code of FVG Finder
The original source code of FVG Finder remains a mystery. We've created a code based on the description available on MQL5, but remember, the original is not for sale by EASY Trading Team. If you have questions about the code, feel free to ask on easytradingforum.com.
Code:
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