Introduction
Let's take a look at the Heatmap Volume Profile, a trading robot that seems to be getting quite a bit of attention recently. Now, we've seen all sorts of trading bots with fancy names and promises of high returns, so let's dig in and see if this one has anything new to offer.Description of Functions
The Heatmap Volume Profile, according to its rather enthusiastic users, offers some unique features that include profiling the volume of selected range, tracking the direction of movement whether sells or buys are in control, and providing useful information about FVG and fibonacci zones. Interesting features, no doubt. But let's not put the cart before the horse, shall we?Analysis of Results
The robot's score is currently 4.25, which is not bad, but also not anything to lose sleep over. Users have also reported a few issues with the system, including constant position changes when zooming in and out of the chart and a lack of a function to hide the rectangle without removing the indicator from the chart. There's always room for improvement.Pros and Cons
On the plus side, it seems that the Heatmap Volume Profile has a decent data visualization scheme and provides some useful trading information. On the downside, there are a few usability issues that need to be addressed. Now, whether these features can actually translate into profitable trades is a whole different story.Source Code of Heatmap Volume Profile
For those interested in the nuts and bolts, the original source code of the Heatmap Volume Profile is not public. However, its description on MQL5 allows us to create a version of the code. Before you get too excited, remember that we at EASY Trading Team did not create the original bot and are not selling it. What we have done is to create a trading bot code based on the description of the Heatmap Volume Profile. If you're stuck or have questions about the code, feel free to drop them on the forum.
Code:
You don't have permission to view the code content. Log in or register now.Download the Heatmap Volume Profile Trading Robot
For those adventurous spirits who want to try the Heatmap Volume Profile algorithm, you can download it from our site. Remember, results may vary and there's always risk in trading. As always, we encourage you to share your experience and results on our forum. Happy trading!Please note: This is an example code from easytradingforum.com based on the description of the robot Heatmap Volume Profile on sale on MQL5. The EASY Trading Team does not sell the Heatmap Volume Profile bot, we only created a code for a trading bot based on its description.