Introduction
When it comes to trading robots, it's always a mixed bag of results. We're looking at the Order Block Hunter today, a robot that boasts of a rating of 5, courtesy of a user named yukkim. Amusingly, he used it on Gold, liked the results, and thinks it might work for Bitcoin over weekends. But let's not get ahead of ourselves, shall we?Description of Functions
The Order Block Hunter is designed to identify and trade based on order blocks in the market. It's programmed to work with MetaTrader 5 and is marketed as an easy-to-use automated system that does more than just place trades. It keeps a watchful eye on market trends, and when it spots an order block formation, it springs into action.Analysis of Results
For the last year, the Order Block Hunter has shown potential. However, as any seasoned trader would know, past performance is not indicative of future results. While yukkim reported good results on Gold and speculated it might perform well on Bitcoin, remember, every asset behaves differently. What works for one may not necessarily work for another.Pros and Cons
Pros:- Easy to use, even for beginners
- Pre-programmed to scan for market trends
- Automated system eliminates emotional trading
Cons:
- Limited user feedback
- Potential over-reliance on a single trading pattern (order blocks)
- Lack of transparency about the original source code
Source Code of Order Block Hunter
Here's a thing - we don't have the actual source code of the original Order Block Hunter sold on MQL5. However, we can create a code based on its description on MQL5. Are we on the same page? Good.If you have any questions about the code, pop them in the comments. And remember, this is a code sample from easytradingforum.com, based on the robot's description, which is sold on MQL5. The EASY Trading Team does not sell the Order Block Hunter.
Code:
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