Introduction
Let's flick through the pages of this so-called promising trading robot, Insight Flow MT5. A quick glimpse reveals that it's touted as an efficient scalping trading system in several currency pairs. With an absolute absence of user reviews and rating, it seemingly floats on a lonely boat in the sea of trading software. Nevertheless, every trading strategy deserves a fair evaluation.Description of Functions
According to the developer, the Insight Flow MT5 operates on a combination of trend following and counter-trend algorithms. It supposedly utilizes a form of breakout strategy, with a high level of precision in determining opportune moments to enter the market. Furthermore, it’s equipped with features like news filter, time filter, and an option to operate in stealth mode in order to hide from brokers.Analysis of Results
To be honest, with the lack of unbiased user reviews and rating, it's challenging to gauge the effectiveness of this trading robot. However, based on the data available on the developer’s website, the results over the last year generate a mixed feeling. The robot seems to be quite profitable, however, the drawdown is considerably high, and hence, the risk-reward ratio leaves a lot to be desired.Pros and Cons
The major advantage of Insight Flow MT5 appears to be its well-rounded functionality with provisions for tuning to market news and trading sessions. However, its inability to keep the drawdown levels under control is a significant setback. The tradeoff between risk and reward is a crucial aspect that this robot seems to overlook.Source Code of Insight Flow MT5
Let's be clear, we don’t have access to the original source code of the bot sold on MQL5. But yes, we potentially could create a code based on the description given on the MQL5 page where this algorithm is sold. Any queries regarding the code, bring it on. Remember, this is just an illustrative example from easytradingforum.com based on the robot's description available on MQL5. To clarify, it's not the Insight Flow MT5 we sell, but a code constructed on its description.
Code:
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