Introduction
We are going to take a hard look at the trading robot, Mega Dashboard. According to the user reviews and its inconsistent 5-star rating, Mega Dashboard stands tall in the trading robot arena. But, as the EASY Trading Team, we always approach each trading strategy with a healthy dose of skepticism, no matter how high it may be rated.
Description of Functions
Going by the user reviews, it seems that Mega Dashboard is more of a technical toolbox rather than a trading bot. Users find it easy to set up and customize, and it comes with an appealing interface that is easy on the eyes.
With this tool, if you have good strategies, you can easily set up your templates. Sounds good till you realize that the bot is as good as your trading strategy. In other words, it’s heavily dependent on your trading tactics, making it somewhat less of a 'bot' and more of a 'toolbox'.
Analysis of Results
In a review of its last year’s performance, we didn’t see anything surprising. The essence of its performance boils down to the trading strategy input by the user. If the strategy is good, the robot performs well. If not, then well, you know the rest.
However, one thing is clear: this is not a magic solution to all your trading problems. It is merely a tool that can make your trading a little easier.
Pros and Cons
- Pros:
1. Easy to set up and customize.
2. User-friendly interface.
3. Great technical toolbox for traders with good trading strategies.
- Cons:
1. Heavily dependent on user’s trading strategy. Not quite autonomous.
2. Does not guarantee profitable returns.
Source Code of Mega Dashboard
Given that we do not have access to the actual source code of the original robot that's being sold on MQL5, we have created a code based on the description provided on MQL5. If you have any questions about this code, feel free to ask. Please remember that this is a code example from easytradingforum.com and the EASY Trading Team does not sell the Mega Dashboard robot.
Code:
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In conclusion, Mega Dashboard seems to be a versatile and user-friendly toolbox that can, in the right hands, aid in making more informed trading decisions. But always remember, a toolbox is only as good as the person using it.