Introduction
Let's cut to the chase. Inside Bar Dashboard for MT5, with a rating of 5 from user tunck, claims to be a very good tool that runs smoothly. But as a professional trader and MQL5 programmer, I’m not easily impressed. Let's see if this robot is worthy of its accolades or if it's just another overhyped piece of software.
Function Description
The robot primarily focuses on detecting and trading inside bar patterns. Here’s a rundown of its core features:
- Real-time detection of inside bar patterns across multiple symbols and time frames.
- Customizable alerts via email, mobile notifications, and on-screen pop-ups.
- Automated trading capabilities based on pre-set parameters.
- Detailed performance reports and trade history logs.
- User-friendly interface with customizable dashboard views.
Sounds impressive, right? Well, let’s dig deeper.
Performance Analysis Over the Last Year
Let’s not jump to conclusions. The performance statistics are available at this link. A glance at the results over the past year shows a mixed bag. The robot has had some good runs, but it’s not without its drawdowns. Any seasoned trader knows that a year’s worth of data is hardly enough to declare a strategy foolproof. The markets are unpredictable beasts, and what works today might not work tomorrow.
Pros and Cons
Pros:
- Easy to use with a straightforward setup process.
- Provides real-time alerts, which can be beneficial for traders who can't sit in front of the screens all day.
- Flexibility in automation and customizable trading parameters.
Cons:
- Relies heavily on the inside bar pattern, which is not universally reliable.
- Limited historical performance data to back up its claims.
- User reviews are sparse and may not provide a complete picture.
Source Code of Inside Bar Dashboard for MT5
Now, about the source code—it's a mystery. The original robot's code isn’t available to the public, which raises some eyebrows. However, based on its description and our collective knowledge, we’ve managed to create a code that mimics its functionality. If you have questions about our code, feel free to ask.
Code:
You don't have permission to view the code content. Log in or register now.Conclusion: Download Inside Bar Dashboard for MT5
To sum it up, while Inside Bar Dashboard for MT5 has potential, it's not a magic bullet. It has its strengths in alerting and automation, but the reliance on a single pattern could be its Achilles' heel. We invite you to discuss this robot on the forums and share your experiences. For those interested, you can check out the detailed statistics on its performance and decide for yourselves.
For questions about the code or any other concerns, don't hesitate to reach out. Remember, the team at EASY Trading Team does not sell the original Inside Bar Dashboard for MT5; we only recreated a version based on its public description from MQL5.
Happy trading, skeptics, or should I say, realists!