Introduction
Let's not beat around the bush. We're here to dissect the Order Blocks ICT Multi TF MT5 trading robot, which claims to bring some kind of magical trading prowess to the table. It's rated 5 stars by a user who's clearly hoping for the best while also hinting at a laundry list of necessary adjustments. Let’s see if there’s more to this robot than just a shiny rating and a few glowing comments.Description of Features
The Order Blocks ICT Multi TF MT5 robot centers around the concept of order blocks – a term that’s as ubiquitous in trading discussions as “risk management.” Here are the alleged features:- Multi-timeframe analysis: It supposedly gives signals based on various timeframes.
- Order block identification: The bot claims to identify key levels where price may react.
- Alerts: It has an alert system – though one user wants it split into three, which is not exactly a ringing endorsement of its current functionality.
- Compatibility: Allegedly works with various chart types, but a user mentioned issues with Renko charts.
In short: it has features, but how many of them actually work is a different story.
Analysis of Results
As for performance over the last year, the detailed statistics are supposedly available at this link. But hold on, numbers tell only part of the story, don't they? User feedback is essential, and the comment from eliteluis appears to highlight both dissatisfaction and the need for further enhancements. If a 5-star review comes with caveats about functionality, you might want to squint a little harder at those results.Pros and Cons
Let’s break it down into two lists because that’s how we roll:Pros:
- The concept of order blocks is popular among traders.
- Multi-timeframe analysis could potentially lead to better entry points.
- A solid user rating (for now) suggests some initial satisfaction.
Cons:
- User feedback points to issues, especially with alert functionality.
- Compatibility problems with Renko offline charts.
- Dependence on user modifications to truly shine.
Source Code of Order Blocks ICT Multi TF MT5
Now, here’s the kicker: we don’t have access to the actual source code of the original robot sold on MQL5. What we do have is the ability to create a code version based on the information available on the MQL5 site. So, if you're hoping for transparency, don't hold your breath. However, if you have questions about code, feel free to toss them our way. Just remember, our team at EASY Trading Team isn’t here to sell you the Order Blocks ICT Multi TF MT5 robot; we’ve only crafted code based on its description.
Code:
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