Introduction
Let's dissect the performance and features of the Grid Manual MT4 trading robot. With a user rating of 4.71 and glowing reviews, it’s easy to get carried away. But let's keep our feet on the ground and our skepticism sharp.Description of Features
Grid Manual MT4 offers several features, most relevant to grid traders:- Manual grid placement: Allows users to place grid levels manually.
- Automated cost averaging: Optimizes the average cost of trades.
- Customizable parameters: Users can set distance between grids, take profit, and stop loss levels.
- Fill or kill orders: A feature suggested by users for high volatility scenarios.
- Flexible pending orders: Adjustments for managing orders during market volatility.
Performance Analysis
Analyzing the performance data from the last year:- Return on Investment (ROI): A mixed bag. While some months have shown positive returns, the overall ROI has fluctuated.
- Drawdown: The robot did witness significant drawdowns, indicative of the inherent risks associated with grid trading.
- Trade Execution: The grid execution logic seems sound, but high volatility scenarios have shown to affect performance.
Pros and Cons
As with any trading tool, Grid Manual MT4 has its strengths and weaknesses.Pros:
- High customizability
- User-friendly interface
- Responsive support from the developer
- High drawdown potential
- Dependence on market conditions
- Risk of significant losses in volatile markets
Source Code of Grid Manual MT4
We don't have access to the original source code of the Grid Manual MT4 robot sold on MQL5. However, we have created an example code based on its description available on MQL5. This is purely for educational purposes and is not the same as the commercial product. Feel free to ask questions about this example code on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download Grid Manual MT4 - Professional Insights and Evaluations
For those interested in diving deeper into the Grid Manual MT4 trading robot, visit this link and read user reviews and performance statistics. Remember, while this robot has its merits, caution and due diligence are always necessary in trading.If you have any questions or need further clarifications, join the discussion on easytradingforum.com, where traders like you share insights and seek advice. Note that the EASY Trading Team does not sell the Grid Manual MT4 robot; we merely provide a code based on its publicly available description.