Introduction
Here we are again, dwelling into the wonderland of trading robots. Today, we’re dissecting the much-hyped (and apparently good, according to user 'gloriasarpong') Panda Fractal Symbols. While rating is a solid 5, let's not get carried away too soon, we've seen miracles turn into mirages before. Now, shall we?Description of Functions
Panda Fractal Symbols' primary function is to detect certain patterns or formations in the price action, known as fractals. The robot takes these fractals into account to make trading decisions. It's all about number crunching, pattern spotting and a bit of precision, really.Analysis of Results
Now, the million-dollar question - how well does it do its job? As far as the website stats tell us, it's doing pretty well over the past year. But remember folks, past performance is not indicative of future results. It's crucial to run rigorous backtesting on your historical data to get a concrete idea of how this bot behaves under different market conditions.Pros and Cons
So, the strengths of this bot appear to be its simplicity and its adherence to fractal patterns which, as some say, tend to repeat themselves more often than not. However, the downside? Exactly the same. This bot might not fare well during market upheavals and significant news events when the price patterns go bonkers. It may miss possible trade opportunities as fractals are a lagging indicator. The fact that it only relies on past price data is also a cause for scepticism.Source Code of Panda Fractal Symbols
Now, here’s the deal - we don’t know the original source code of Panda Fractal Symbols sold on MQL5. But we can create a code based on its description from the MQL5 website. This is a sample code provided by easytradingforum.com, made according to the bot description. Do keep in mind that we from EASY Trading Team are not selling the Panda Fractal Symbols bot, just providing a code based on its description. It's up to you to tinker with it and see if you can innovate on top.
Code:
You don't have permission to view the code content. Log in or register now.Download Panda Fractal Symbols: Professional Trader's Review
So traders, ready to dip into this fractal world with the Panda? Test it out, experiment with it and don’t hesitate to raise your questions or share your results on our forum. We would like to hear your experience with the Panda Fractal Symbols bot. Remember, it's all about sharing and learning, after all.Ask your code-related questions on the forum, there are plenty of tech-savvy traders around to help you out. The best part about this? It's a community where we learn and grow together. So, let the bot-fever begin!
In case you're interested in checking out the piece of code from us, head here https://www.easytradingforum.com/panda-fractal-symbols-code/. Please keep in mind that this is just an example code based on the bot's description on MQL5, we are not selling the original Panda Fractal Symbols bot.
And here you go, just remember, tread carefully. A bot is only as good as the strategy behind it. Happy trading!