Introduction
So, you've stumbled upon the trading robot Lot by Risk MT5 and want to know if it's worth your time and money. With a solid rating of 4.33 and glowing user reviews, one might think it's the holy grail of trading robots. But hold your horses; let's dive deeper into this marvel (or not-so-marvel) of trading technology.Function Description
The Lot by Risk MT5 robot supposedly calculates your lot size based on your risk parameters. In theory, this sounds excellent. It’s particularly geared towards manual trading, ensuring that you're not just throwing darts in the dark when it comes to lot sizes. Here are the basic functions:- Calculates lot sizes based on user-defined risk levels
- Integrates seamlessly into the MT5 trading platform
- Allows for more consistent risk management
- Easy to set up and use, apparently
In essence, if you're the kind of person who wants to take some risk without ending up in a cardboard box, then perhaps this robot has something going for it.
Analysis of Results
So, what do the results say? Well, we can't ignore the user reviews:- User trendsniper rated it a perfect 5 and expressed gratitude.
- User prabilm also gave it a 5, praising it for manual trading and accurate lot calculation.
- User Владимир simply went with Excellent! with another 5-star rating.
These rave reviews might make you think this robot walks on water, but let’s get real for a second. User reviews are good for gauging general sentiment but aren’t the gospel truth.
Detailed statistics available on the official site forexroboteasy.com indicate that this robot has shown consistent performance over the last year. However, consistent performance does not necessarily mean huge returns. The stats indicate a focus on stable, moderate gains rather than high-risk, high-reward scenarios.
Pros and Cons
Pros:
- Easy to use
- Reduces manual errors in lot size calculation
- Helps maintain consistent risk management
Cons:
- Limited functionality - primarily focuses on lot size calculation
- Lack of customization for more advanced trading strategies
- Reviews, while positive, do not provide detailed performance metrics
Source Code of Lot by Risk MT5
What’s in the black box? The truth is, we don't have access to the original code of the Lot by Risk MT5 robot being sold on MQL5. But we do have a blueprint. Using the description provided on MQL5, one can create a similar algorithm. Remember, if you’re going to write or modify trading robots, having a good grasp of MQL5 is crucial.We recommend that you discuss this on the forum. Share your results, and let’s get a dialogue going. The community's collective brain can be more powerful than any single developer.
Code:
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Interested in obtaining the Lot by Risk MT5? The official version is available for purchase on MQL5, but be cautious and do your due diligence. If you have any questions about an example code based on its description, feel free to ask. Remember, this example code provided by easytradingforum.com is purely educational. We do not sell the Lot by Risk MT5 robot but can help you understand its workings based on the available description.So, what are you waiting for? Hit the forums, ask questions, and happy trading!