Pivot Levels of Day Or Week Or Month

[TopicStarter]

Introduction​

As a seasoned trader and MQL5 programmer, I've bore witness to the rise and fall of numerous trading robots. The latest one to garner attention is Pivot Levels of Day Or Week Or Month. Before we dive into the details, allow me to remind you that reviews and ratings are merely the subjective views of users. They do not guarantee a robot's performance in actual trading situations.

Description of Functions​

Pivot Levels of Day Or Week Or Month is designed specifically to determine and trade on pivot levels. It's capable of identifying daily, weekly or monthly pivot points - hence the name. It operates by analyzing historical and current market trends, then determines the pivot points where market reversal is highly likely. Weeding out the noise, this robot focuses on significant movements that could yield profits.

Analysis of Results​

Turning to its performance over the past year, the robot seems to have garnered a decent following with a rating of 5. But in trading, past performance is hardly indicative of future outcomes. Users arashemami and csantana68 have praised the robot but without any concrete data to support their ratings, their reviews remain largely subjective.

Detailed performance statistics can be perused at Forex Robot EASY.

Pros and Cons​

The major advantage of this robot is its ability to identify pivot points over varying timeframes which provides versatility. However, its achilles heel lies in its singular focus on pivot points, a strategy that excludes other potentially profitable trading signals. Its performance in volatile or unpredictable markets is also unknown.

Original Code of Pivot Levels of Day Or Week Or Month​

While the source code of the original robot remains elusive, you can attempt to code your own based on the description provided on the MQL5 website. Feel free to post your coding efforts and inquiries on easytradingforum.com. Remember, this is just a sample code provided by EASY Trading Team, not the actual robot being sold on MQL5.

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Download Pivot Levels of Day Or Week Or Month​

If you feel this robot aligns with your trading strategy, you can download Pivot Levels of Day Or Week Or Month for testing. For any questions and clarifications, engage the ever-ready-to-help users on Easy Trading Forum. However, a gentle reminder, the EASY Trading Team does not sell this robot, we simply provide a sample code based on its MQL5 description. Happy trading!