Introduction
In the world of Forex trading, the Rule Plotter has been making some noise. An trading robot that claims to give traders a clearer and easier trading experience has always been something to look into. Convenient, according to some, while others commend its excellent nature despite its initial complexity. With a perfect rating of 5, this could be a gem waiting to be polished. But, as we know in EASY Trading Team, there's no such thing as a perfect trading robot. Let's delve deeper into Rule Plotter's algorithm and features, and see for ourselves.Description of the Functions
Rule Plotter works by letting traders enter and save an existing strategy, and then receive current entry signals in the form of arrows during operation based on the previously entered parameters. To add, you can also do a backtest with the saved parameters using Rule Plotter EA to test the entered strategy. A pretty neat function indeed.Analysis of the Results
The Rule Plotter's performance for the past year can be seen via this link. An impressive output, I must say, but remember to take everything with a grain of salt. Past performance is not indicative of future results. The market's ever-changing rhythm can dance to a tune unknown to any algorithm at a given time.Pros and Cons
Pros:- Helps make trading clearer
- Backtesting is possible
- Customizable entry parameters.
- Complex initial operation
- Lack of nesting feature
The Source Code of Rule Plotter
We don't have the actual source code of the original robot sold on MQL5, and we admit we can’t recreate it perfectly. But based on its description on MQL5, we could make a pseudo-code indicative of its operation. If you have any questions, feel free to ask.Take note, this code is a creation of the EASY Trading Team based on the description of Rule Plotter, and we're not selling it. The original Rule Plotter trading robot is sold elsewhere.
Code:
You don't have permission to view the code content. Log in or register now.Download Rule Plotter: Uncover the Trading Robot's Effectiveness
The unchartered territory of the Rule Plotter is waiting for you. Remember, the end game is to have a successful trading experience, not to find a perfect robot.Discuss Rule Plotter in our forum and share your experiences with us. We are in the market not just for profits, but for learning as well.