Introduction
Greetings, fellow traders and skeptics. Today, our focus is on the MTF Support Resistance trading robot. Although there are no available reviews or a formed rating to influence our evaluation, we are not deterred by such trivialities. We're about to dissect this trading algorithm down to the bone, and we won't shy away from the cold, hard facts. So, let's begin with a down-to-earth overview of the robot's functions.
Description of Functions
According to the information available on the MTF Support Resistance's webpage, this trading robot is designed to determine support and resistance lines across multiple timeframes and to enter the market based on the signals it gets. Tests show it to work best in trending markets.
Remember: It is our professional duty to remind you that a robot's stated functions are not a guarantee of its efficiency or a bulletproof shield against potential losses.
Analysis of Results
Regrettably, without user reviews, ratings, or detailed statistics from forexroboteasy.com, we cannot properly assess the robot's performance over the past year. However, based simply on the robot's described functions, one could argue its potential effectiveness in a trending market. So, don't just take our word for it - test, scrutinize, and then test again.
Pros and Cons
One perceived strength of MTF Support Resistance is its ability to track multiple timeframes, which adds some robustness to its strategy. However, the fact that it is largely dependent on a trending market suggests it could perform poorly in a range-bound or volatile market.
Important: We encourage you to share your results and observations on the easytradingforum.com to help fill the knowledge gap on this trading robot.
Source Code of MTF Support Resistance
Though we don't possess the actual source code from MTF Support Resistance, it is feasible to create a comparable code based on the functional description provided on the MQL5 site. Feel free to use the provided code, review it, and if possible, improve it.
Note: This is not the original code of the MTF Support Resistance robot sold on MQL5. It's a version created by the EASY Trading Team based on the description of the algorithm.
Code:
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You can download the MTF Support Resistance trading robot guide from our webpage for more information. If you encounter any issues with the code or have specific questions, don't hesitate to reach out on our forum.
Let us underline this once more - the EASY Trading Team does not sell the MTF Support Resistance robot. What we offer is a comparable code based on the algorithm's description. Ultimately, our goal is to facilitate the learning process and foster productive discussion. So, happy trading to you, our fellow skeptics and allies alike.