Introduction
Today, we have a curiously monikered trading robot to scrutinize, the Higher Time Frame Bars. This little number apparently caught the eye of user 'krisnara123' and managed to earn a solid 5-star rating. Then again, let's not get our hopes up just yet and dive right in, shall we?Description of Functions
The Higher Time Frame Bars robot, as the name somewhat suggests, focuses on the higher time frame scenario in the Forex market. It's chiefly designed to provide a clear picture of the bigger time frames which can often elude the attention of traders engrossed in the micro-scale.The user 'krisnara123' vouches for its robust coding and flawless functionality, pretty strong words indeed. He's also quite taken with the developer's quick response time, but let’s not get sidetracked by the customer service here.
You can find the detailed rundown of this robot's modus operandi on the given site.
Analysis of Results
Ah, the moment of truth, let's talk numbers. From the last year's performance, this robot seems to be playing its cards right. However, we'll hold back from passing a verdict as, trust me, I've been in the trading business long enough to know that a year's good run doesn’t necessarily predict future success.Pros and Cons
Higher Time Frame Bars does have its strong points; user-friendly, responsive developer, and allegedly, a sturdy coding base. But, let's not forget about the ever-present flip-side. Its focus on higher time frames might blindside it to quicker, short-term opportunities, and well, we're essentially taking a user's word on its performance, not exactly the hard data we'd prefer.Original Code of Higher Time Frame Bars
As we venture into the inner workings of the Higher Time Frame Bars, a small disclaimer, the actual source code of the robot sold on MQL5 is not available. What we have here is more of an educated guess, a code crafted by EASY Trading Team based on the robot's description on the MQL5 site. If there are any queries or perhaps, criticism, feel free to bring them forward on easytradingforum.com.
Code:
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Finally, if you wish to try your hand at Higher Time Frame Bars, download it from the given link. Remember, this is not the original version from MQL5, but a recreation by EASY Trading Team.So, why don’t we get the ball rolling? Share your experiences, critiques, and let's dissect this robot together on our forum. After all, constructive criticism never hurt any bot!