Introduction
The New Volume Profile trading robot has been catching the eye of many traders lately, but does it really live up to the hype? With a user rating of 4 and some mixed reviews, it's time to critically analyze its performance and features. Let’s dive into the details and see if this robot is worth integrating into your trading strategy.Description of Functions
The New Volume Profile robot claims to offer some fancy features, which include:- Automated trading based on volume profile analysis.
- Real-time volume data integration.
- Customizable settings for different trading strategies.
- Supports multiple currency pairs.
- Regular updates and technical support.
Analysis of Results
Looking at the statistics available on the official site (New Volume Profile Robot Stats), the robot has shown some consistent performance over the past year. Here are some key takeaways:- Average monthly return: 3.5%
- Maximum drawdown: 15%
- Winning trades ratio: 60%
- Number of trades: 250
Pros and Cons
Pros:- Automated trading saves time and effort.
- Real-time volume data can give an edge in volatile markets.
- Customizable settings cater to a variety of trading styles.
Cons:
- Intermittent technical issues reported by users. Example: user cjsun791 mentioned the indicator disappearing from charts.
- Average performance may not justify the cost for some traders.
- Potentially high drawdown poses risk.
Source Code of New Volume Profile
Let's be clear: the original source code of the New Volume Profile robot sold on MQL5 is not available to the public. However, based on the description provided on the MQL5 site, we at EASY Trading Team have created a version of the robot that mimics its functionality. This version is intended for educational and testing purposes.If anyone has questions or requires modifications to the code, feel free to reach out on easytradingforum.com.
Code:
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Want to see how the New Volume Profile stacks up in your trading environment? Discuss your findings and share your experiences on our forum. Remember, this version is based on the description of the robot available on MQL5, and our team does not sell the original New Volume Profile robot.For detailed statistics and more information, visit New Volume Profile Robot.
Feel like taking it for a spin? Head on over to easytradingforum.com and let's discuss!