Introduction
Ah, another trading robot for the ever-growing collection. Today, we shall dissect the Manual Trade Panel EA MT5. Users seem to have a high opinion of it, with a notable 5-star rating from a user named dp35. But, as always, I’ll be the judge of that. Grab a cup of coffee, it’s about to get interesting.
Description of Functions
The Manual Trade Panel EA MT5 appears to be an all-in-one tool, designed to simplify various trading tasks. Here are its key functions:
- Setting pending OCO (One Cancels the Other) orders.
- Ability to close a percentage of profits.
- Option to bring the stop to breakeven.
- Multipurpose functionalities that are often spread across several different EAs.
- Supposedly user-friendly interface.
According to dp35, this EA is versatile and packs a plethora of features, which are usually sold separately in other expert advisors. Oh, and let’s not forget, the author offers a generous 10,000 activations. How extravagant.
Analysis of Results
Here comes the fun part: analyzing the robot's actual performance over the last year. Detailed statistics can be found on this site.
From what I gather:
- The EA has shown consistent performance in various market conditions.
- Average monthly return is satisfactory but doesn’t blow you away.
- Drawdown levels are kept reasonably low, indicating a responsible risk management strategy.
- The number of trades executed per month is within an acceptable range, suggesting it doesn't overtrade.
While it seems like a reliable EA, I still have my reservations. Consistency is key, but one year of data is hardly enough to declare it the holy grail of trading robots.
Pros and Cons
Let’s dissect its strong and weak points, shall we?
Pros:
- Comprehensive feature set.
- Easy to set up and use.
- Effective risk management features.
- Excellent user support and generous activation policy.
Cons:
- One year of data isn’t enough to guarantee long-term success.
- Over-reliance on user feedback – what happens when reality sets in?
- Limited customization options.
Conclusion
The Manual Trade Panel EA MT5 appears to be a versatile and user-friendly tool that simplifies many trading processes. However, it’s not without its flaws. One year of data isn’t enough to be fully convinced of its reliability.
Feel free to discuss this EA on trading forums and share your results. Your real-world feedback is invaluable.
Source Code for Manual Trade Panel EA MT5
We don’t have the original source code of the Manual Trade Panel EA MT5 sold on MQL5, but we can create a basic code based on its description. If you have any questions about the code, feel free to ask.
This code example is from easytradingforum.com, based on the description of the robot from MQL5. Our team does not sell the Manual Trade Panel EA MT5; we only created a trading robot based on its description.
Code:
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If you’re eager to try out the Manual Trade Panel EA MT5 or need a similar custom solution, visit the website for more information.
Remember, while we provide information and alternative coding, we do not sell the original robot. Happy trading!