Introduction
Well, here's another one from the seemingly endless list of trading robots. This time around, we have the Market Screener for MT5. One of our users, a certain Mr. JamesWoods, gave it a 4-star rating and seemed fairly impressed. But don't get your hopes up too high just yet. We at the EASY trading team have seen too many “shiny objects” turn into nothing more than scrap metal.
Description of Market Screener for MT5 Functions
According to JamesWoods, this bot helps to filter market symbols efficiently. It shows the symbols whose market is open while conveniently leaving out those in the closed markets. The workflow comports well with 1-minute chart trading. A single click on the result in the screener takes you directly to the chart. The bot apparently doesn't guzzle much CPU either.
Analysis of Results
Based on the user's review, this tool seems to create competitive signals compared to other screeners. However, let's not forget it's still early days. No one knows how it will fare in the long run. The detailed statistics available at https://forexroboteasy.com/trading-robot/market-screener-for-mt5/ show some promising figures but we would advise you to take it with a pinch of skepticism, as we do with any backtest results.
Pros and Cons
On the upside, the bot seems to have a user-friendly workflow. It shows market open symbols only, works well with the symbols you have in the market watch, and is reputed to be light on the CPU. However, we are yet to see if these merits hold water over time. On the downside, there isn't much to talk about yet, but a cautious genie whispers in my ear that we shouldn't celebrate too soon.
Market Screener for MT5 Source Code
If you're hoping to find the actual source code of the Market Screener for MT5 here, I'm afraid I have to disappoint you. We don't have it. But based on the bot's description on MQL5 where it's sold, we can create a sample code. If you have any questions on the code, feel free to raise them. Just bear in mind that it's a sample code from easytradingforum.com, based on the bot's description. The EASY Trading Team isn't selling the Market Screener for MT5. We merely created a bot code based on its specifications.
Code:
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The Market Screener for MT5 seems to be making some waves, but only time will tell if it can withstand the high tides and storms. We encourage you to discuss this bot on our forum and share your results. Your experiences, whether sparkling or grim, will be greatly appreciated. Don't forget to check the detailed statistics at https://forexroboteasy.com/trading-robot/market-screener-for-mt5/. Happy trading!
Note: All views expressed herein are purely speculative, based on user reviews and product descriptions. Always conduct thorough research before investing in any trading robot.