Introduction
In the world of forex trading, where uncertainty is the only certainty, there exist trading robots that promise to make the task easier. One such algorithmic system is the Ticks Bands. However, as we all know, not everything that glows is gold. This article aims to critically analyze the Ticks Bands trading robot and share an impartial view of its strengths and weaknesses, based on our knowledge and experience as part of the EASY Trading Team.
Description of Functions
As a trading robot, Ticks Bands is designed to automate the trading process based on predefined scenarios. However, the specifics of its function are somewhat shrouded in mystery due to a lack of detailed information. According to the official website, the robot seeks to take advantage of market liquidity and execute trades based on the best market conditions. It is said to use a range trading strategy, focusing on intra-day trades.
Analysis of Results
Coming to the robot's performance, there's quite a bit of fog surrounding the past year's results. No user reviews or any rating formed at all. A bit strange, wouldn't you say? A product claiming to revolutionize trading, yet no one seems to have used it or left any mark about its performance. Makes you ponder, doesn't it?
Pros and Cons
On a speculative note, advantages might include automated trading freeing up your time and potentially reducing emotional decision-making. On the flip side, its opaque operating strategy and lack of user reviews are pretty clear red flags from where I am standing.
Source Code of Ticks Bands
Now onto the matter of the source code. We do not know the actual source code of the original robot sold on MQL5. However, at easytradingforum.com we can create a code based on the description available on the MQL5 website. Remember, this is just an example code, not the original one. Any questions related to the code, feel free to throw them our way.
Code:
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While the EASY Trading Team can't provide you with the actual Ticks Bands trading robot, we can share an example of the algorithm based on its description. This code is offered as a courtesy from our team and is meant to serve as a starting point for your own trading ideas. Remember, we don't sell Ticks Bands or any other trading robots; we simply offer a glimpse into the possibilities of algorithmic trading.
We encourage you to discuss this robot on our forum and share your results. Further discussions and shared experiences can end up being beneficial for all. After all, in the sandbox of trading, every grain of information matters.