Introduction
In the world of trading where emotions often override logic, automated trading robots like MACD Intraday Trend MT4 seem like a breath of fresh air. The robot promises to take the hard work off our hands and make trading a breeze. But is it all as fantastic as it sounds? Let's dive in and find out.Description of Functions
The MACD Intraday Trend MT4 robot bases its trading decisions on the MACD (Moving Average Convergence Divergence) indicator. It's designed to pick up on any trend in the market and trade accordingly. Sounds simple enough, right? But let's not forget that the devil is always in the details.Results Analysis
Based on the reviews and a rating of 4.61, it seems that some traders are getting some joy out of this robot. Yet, as one user (raulovalle) points out, marking the OPEN LONG and CLOSE LONG lines are manual processes that can become quite tedious. The second user (zika79rus) mentioned inconsistency in the signals which is indeed a concern.On the plus side, the other reviewers have summarized their experience with the robot as good and even very useful. However, let's not forget that trading is a long-distance race, not a sprint.
Pros and Cons
The MACD Intraday Trend MT4 seems to be easy to use, with both beginners and seasoned traders finding it useful. However, inconsistency of signals and the manual processes involved can be a downside for some.Source code of MACD Intraday Trend MT4
We do not possess the actual source code of the original robot that is sold on MQL5. But a code can be created based on the description available on the MQL5 site where the algorithm is sold. This should, however, be taken with a grain of salt since the actual working might be quite different from the description provided.
Code:
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If you have questions on the code, feel free to ask us. Please understand that this is just a sample code from easytradingforum.com based on the description of the robot MACD Intraday Trend MT4 selling on MQL5. EASY Trading Team does not sell the robot MACD Intraday Trend MT4 but has only created a code based on its description.In conclusion, while the MACD Intraday Trend MT4 has its share of pros and cons, it certainly provides an easy and less time-consuming way of trading. However, traders using it should always tread with caution and not let a robot make all their trading decisions. They say old habits die hard, and skepticism in trading is one habit that I suggest we all hold on to. Happy trading!