Introduction
Ah, MMTrade. Another shiny tool in the vast ocean of Forex trading robots. Developed by Alexander Martynov and boasting a rating of 5.0, this robot has caught the attention of many traders. But does it really live up to the hype? Let's dive in and dissect its features and performance.Description of Features
MMTrade is designed to simplify the lot calculation process based on Stop Loss levels. It offers intuitive hotkey controls for setting Limit Order Price Level, Stop Loss Level, and Take Profit Level. The hotkeys include:- 1 - Set Limit Order Price Level
- 2 - Set Stop Loss Level
- 3 - Set Take Profit Level
- Space Bar - Open an Order
- Escape - Cancel All
- 9 - Open 2 Orders
Analysis of Results
User reviews are overwhelmingly positive. Allfreeman suggests downloading it, Philip Mbonge Malama calls it the most perfect simple RR tool, and mssgarrison is in awe of its functionality. With a rating of 5.0, it seems like a dream come true. But let's not get carried away. The real test lies in its performance over the last year. Unfortunately, detailed statistics are not available in this review, but you can find them on the official website here.Pros and Cons
Pros:- Free to use
- Intuitive hotkey controls
- Simplifies lot calculation and risk management
- Positive user feedback
Cons:
- Limited advanced features compared to other bots
- Issues reported with certain assets like gold
- No detailed performance statistics available in this review
Source Code of MMTrade
We don't have access to the original source code of the MMTrade robot sold on MQL5. However, based on its description, we have created a sample code. If you have any questions about the code, feel free to ask. This is a sample code created by easytradingforum.com, based on the description of the robot sold on MQL5. Note that the EASY Trading Team does not sell the MMTrade robot; we only created this code based on its description.
Code:
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