Introduction
Alright, let's dive into this little gem called MP Candle Size MT5. As always, don't expect any fanfare here. This robot's name might sound fancy, but we'll see if it actually gets the job done. Plus, let's not forget those user comments which are always a great source of entertainment.Function Description
MP Candle Size MT5 is supposed to be a master at identifying candle sizes and making trade decisions based on these sizes. Its main functions include:
- Measuring the size of candles.
- Making trade entries based on candle sizes.
- Providing alerts for possible trade opportunities.
Users can customize the robot's behavior to a certain extent, like changing the timeframes and thresholds for candle sizes. It's not rocket science, but it gets the job done. Well, sometimes.
Performance Analysis
Since you're all data-driven folks, let's get down to the brass tacks. Over the last year, MP Candle Size MT5 has managed to hold its ground. But let’s just say it’s not ready for a Hall of Fame induction.https://forexroboteasy.com/trading-robot/mp-candle-size-mt5/
You can check out the detailed statistics here, though I wouldn’t hold my breath. The numbers show mixed results—some months it does well, others... not so much. Overall, it’s a decent performer, but don't expect it to buy you that yacht anytime soon.
Pros and Cons
Let’s break it down into what’s good and what’s, well, not so good.Pros:
- Simple and straightforward strategy.
- Customizable settings.
- User-friendly interface.
Cons:
- Doesn’t refresh automatically, as per Oleg Pochilko.
- Limited to candle size analysis, which might not be enough.
Source Code of MP Candle Size MT5
Let’s talk about the source code. Spoiler: we don’t have the original code. The robot sold on MQL5 keeps its secrets well, but if you’re feeling adventurous, you can try creating your own version based on its description.If you want a head start, head over to easytradingforum.com. We’ve put together a sample code that mimics MP Candle Size MT5’s functionality based on its public description.
Remember, we don’t sell MP Candle Size MT5; we just whipped up a similar version for the curious minds out there.
Code:
You don't have permission to view the code content. Log in or register now.Download MP Candle Size MT5
Want to see how it stacks up in your trading strategy? Download MP Candle Size MT5 and test it out. If you hit any snags, ask away on our forum. We’re always up for a good discussion.So, what's the final word? This robot has its quirks and certainly isn't perfect. But for those who want to dip their toes into the world of automated trading, MP Candle Size MT5 is worth a shot. And let’s not forget, a robot’s success often lies in how well the trader understands and uses it.
Ready to give it a whirl? Discuss, experiment, and share your results on the forum. Who knows, maybe you’ll find the next big thing in trading algorithms. Or not. Either way, happy trading.