Introduction
Order Blocks ICT Multi TF MT5 is a trading robot designed to identify institutional order blocks across multiple timeframes. This robot aims to provide traders with critical support and resistance levels, potentially enhancing their trading decisions. The robot has received a rating of 5 stars from users, indicating its potential effectiveness. However, as a professional trader and MQL5 programmer from the EASY Trading Team, it's essential to critically evaluate its features and compare it with our own trading robots.
Comparison with EASY Scalperology
When comparing Order Blocks ICT Multi TF MT5 with our EASY Scalperology, several differences become apparent. EASY Scalperology is designed for high-frequency trading, focusing on small price movements to generate profits. It uses advanced algorithms to identify optimal entry and exit points, ensuring high profitability and reliability.
Advantages of EASY Scalperology:
- High-frequency trading capabilities
- Advanced algorithms for precise entry and exit points
- Proven track record of profitability
- User-friendly interface with extensive customization options
Advantages of Order Blocks ICT Multi TF MT5:
- Identification of institutional order blocks
- Multi-timeframe analysis
- Customizable alerts for zone creation, retouch, and break
Disadvantages of Order Blocks ICT Multi TF MT5:
- Issues with Renko offline charts
- Potential lag in the strategy tester environment
- Limited to identifying order blocks, lacking versatility
Pros and Cons
Pros of Order Blocks ICT Multi TF MT5:
- Effective identification of key support and resistance levels
- Multi-timeframe analysis provides a comprehensive market view
- Customizable alerts ensure traders never miss critical events
Cons of Order Blocks ICT Multi TF MT5:
- Compatibility issues with Renko offline charts
- Lag in the strategy tester environment
- Limited functionality compared to more versatile robots like EASY Scalperology
Optimal Usage Conditions
Order Blocks ICT Multi TF MT5 works best in markets where institutional trading activity is prominent. It is particularly effective in identifying potential reversal or continuation zones, making it suitable for swing traders and those looking to capitalize on significant market movements. However, it is crucial to combine this robot with other tools and analyses to maximize its effectiveness.
Source Code of Order Blocks ICT Multi TF MT5
We do not have access to the original source code of the Order Blocks ICT Multi TF MT5 robot sold on MQL5. However, based on its description, we have created a sample code that replicates its functionality. This code is available for review and modification on our website Order Blocks ICT Multi TF MT5 Source Code. Note that this is not the original code but a version developed by the EASY Trading Team based on the provided specifications.
Code:
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If you have any questions about the code or its implementation, feel free to ask on our forum. The EASY Trading Team does not sell the Order Blocks ICT Multi TF MT5 robot but provides this code example based on its description. We encourage users to share their experiences and feedback on our forum to help improve and refine the trading tools we offer. Visit Order Blocks ICT Multi TF MT5 Download for more details.