Introduction
As a professional trader and MQL5 programmer, evaluating trading robots is part and parcel of the daily grind. Today, let's dissect the Supply and Demand Order Blocks MT5 robot, focusing on its functionality and performance over the past year. This robot, boasting a user rating of 4.94, has garnered acclaim from users, but as always, I remain cautiously skeptical.
Features of Supply and Demand Order Blocks MT5
The Supply and Demand Order Blocks MT5 robot leverages support and resistance zones to identify trading opportunities. It aims to automate the detection of supply and demand zones, providing a hands-free trading experience. Key features include:
- Automated Supply and Demand Detection: Highlights zones where price is likely to reverse.
- Customizable Parameters: Adjust sensitivity and other settings to suit trading styles.
- Real-Time Alerts: Notifies users of potential trade opportunities via various channels.
- Multi-Timeframe Analysis: Assesses zones across different timeframes for better accuracy.
Performance Analysis
Over the past year, the Supply and Demand Order Blocks MT5 robot has shown mixed results. It has experienced periods of high profitability, especially in trending markets. However, its performance in sideways markets leaves much to be desired. Detailed performance statistics can be found on the website: forexroboteasy.com.
Pros and Cons
Pros:
- High rating from users indicates overall satisfaction.
- Effective in trending markets.
- Customizable parameters increase flexibility.
Cons:
- Struggles in ranging markets.
- Requires ongoing user intervention to tweak settings.
- Lack of clear SL/TP settings as pointed out by some users.
Our Opinion on Supply and Demand Order Blocks MT5
Despite its high rating and positive user feedback, I remain skeptical. The robot's performance is highly market-dependent, excelling in trends but faltering in ranges. The absence of built-in SL/TP settings is a glaring oversight. However, the high degree of customization is a redeeming feature.
Source Code of Supply and Demand Order Blocks MT5
We don't have access to the original source code of the Supply and Demand Order Blocks MT5 sold on the MQL5 marketplace. However, at EASY Trading Team, we can create a robot based on its described functionality. If you have questions about the code, feel free to ask. Remember, we don't sell this robot; we only provide a coding service based on its features.
Code:
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For those interested in exploring the potential of the Supply and Demand Order Blocks MT5 robot, detailed information and download links are available at forexroboteasy.com. If you have questions or need assistance, don't hesitate to join the forum discussions and share your experiences.