Introduction
So, we have the SX Advanced MACD MT4 trading robot on the docket. This little piece of programming has managed to grab the attention of traders across the world. Now, I'm not easily impressed, but let's take a look at the thing and see what it has to offer.Description of Functions
Based on Moving Average Convergence Divergence (MACD), this EA allegedly takes advantage of price fluctuations and volatile markets. According to the official description, this EA supposedly identifies trends efficiently and enables traders to execute trades based on these trends. But, as we all know, the proof of the pudding is in the eating.Analysis of Results
Diving into the user comments, we see that the efficiency of the robot is rated as '5'. One user euiz7449 was generous enough to leave us with a detailed review, OK. No much ado there. The official results over the past year are impressive on paper. But again, real-life trading can be a whole different ball game.Pros and Cons
On the bright side:- The system allegedly identifies trends efficiently.
- It can operate in different market conditions.
- It supposedly provides traders with the ability to execute trades based on these trends.
On the darker side:
- The EA seems to be available exclusively on the MQL5 platform.
- Without a clear description of the strategy used, the trustworthiness of the robot is debatable.
The Source Code of SX Advanced MACD MT4
Here's the thing about the source code of the SX Advanced MACD MT4 - we don't actually have it. The original code is not revealed by the developers. But, based on the description on MQL5, we can produce a similar code. If you have questions or need further explanation regarding the code, feel free to ask. Keep in mind, this is the EASY Trading Team's interpretation of the original code.
Code:
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