Introduction
The MQLTA Currency Strength Matrix is one of those trading robots that aims to provide traders with an advantage by displaying currency strength data. But as always, let's not get too excited before digging into the specifics. With a user rating of 4.29 and varied feedback, this robot seems to have potential. But remember, potential doesn't pay the bills.
Functionality Overview
The MQLTA Currency Strength Matrix offers a range of features:
- Displays currency strength in real-time.
- Supports multiple currency pairs.
- Allows for scalping and long-term strategies.
- Customizable display settings.
- Options to add additional currencies (e.g., XAU).
In essence, this robot provides a dashboard to help traders identify strong and weak currencies, presumably making it easier to decide on trades.
Performance Analysis
Analyzing the performance of this robot over the past year gives a mixed bag of results. Some users report that it’s very good and accurate, which makes it seem like it’s worth giving a shot. On the other hand, issues with updates and non-functionality on certain platforms have been highlighted. This can't be ignored.
According to the statistical data available on Forex Robot Easy, the robot has shown decent consistency in identifying strong and weak currencies, which can be a valuable data point for traders.
Pros and Cons
Pros:
- Real-time data helps in making timely decisions.
- Supports both scalping and long-term trading strategies.
- Customizable dashboard.
- Receives positive feedback regarding accuracy.
Cons:
- Users face installation issues on certain platforms.
- Update delays can hinder its functionality.
- Some requested features are still in the backlog.
The Source Code of MQLTA Currency Strength Matrix
Now, let's address the elephant in the room — the source code. We don't have access to the original source code of the MQLTA Currency Strength Matrix that's being sold on MQL5. However, with the provided functionality and user feedback, it’s possible to create a similar code. If you're curious about how to go about this or need a starting point, the good folks at easytradingforum.com can be of help. Keep in mind, EASY Trading Team isn’t selling the original robot but has created a code based on its description.
Code:
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Interested in trying out the MQLTA Currency Strength Matrix? Head over to Forex Robot Easy for more details. If you have any questions about coding or functionality, feel free to discuss them on the forum, where experienced traders and programmers can provide insights. Remember, the code provided by EASY Trading Team is just an example based on available information and should be used as such.