Introduction
Meet the Supply and Demand Assistant, an EA that has made quite a buzz among traders, if you believe the user reviews. With a rating of 4.88 and comments singing its praises, one might mistakenly think this robot is a miracle worker. But let's take a closer look, shall we?Features
Supply and Demand Assistant comes packed with features that are supposed to make your trading life easier. Here's a quick rundown:- Automatic Detection of Supply and Demand Zones: Allegedly identifies critical zones for potential market reversals.
- Multiple Timeframes: Analyzes zones across various timeframes, providing a broad market perspective.
- User-Friendly Interface: Simplistic interface for easy navigation and quick setup.
- Alert System: Provides alerts for zone touches, breaks, and reversals.
- Customizable Settings: Allows traders to tweak parameters to fit their strategy.
Performance Analysis
Over the past year, Supply and Demand Assistant has delivered mixed results. While some users rave about its effectiveness, others... not so much. Here's a professional breakdown:- Profitability: The EA has shown to generate profit, but mostly under specific market conditions.
- Consistency: Inconsistent. Some months are stellar, others, less so.
- Drawdown: Occasional deep drawdowns. Not for the faint-hearted.
- Adaptability: Requires frequent parameter adjustments to stay effective.
Strengths and Weaknesses
Let's cut through the fluff. Here are the real pros and cons:Pros:
- User-Friendly: Easy to set up and navigate.
- Multi-Timeframe Analysis: Provides a comprehensive market view.
- Customizable: Flexible parameters to suit various trading styles.
- Free: Yeah, it doesn't hurt that it's free.
Cons:
- Inconsistent Performance: Not reliable across all market conditions.
- Drawdowns: High drawdowns can wipe out profits.
- Requires Supervision: Not a set-and-forget solution.
- Dependent on Market Conditions: Works best in trending markets, struggles in ranging conditions.
Source Code of Supply and Demand Assistant
Unfortunately, we don't have access to the original source code of the Supply and Demand Assistant sold on MQL5. However, we at EASY Trading Team have put together a code based on the description available on the MQL5 marketplace.If you have any questions about the code, feel free to ask. Remember, this is an original piece of code from easytradingforum.com, based on the description of the robot available on MQL5. We don't sell the Supply and Demand Assistant but have created this version for educational purposes.
Code:
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Want to give the Supply and Demand Assistant a spin? Head over to Forex Robot Easy for more details and the download link.Join the discussion and share your experiences. Your insights could help others make an informed decision. Happy trading!