Introduction
Let's dive into the shiny world of forex robots, once again. Today, we're taking a look at a charming piece of software known as TrendFinder Volume - a trading bot with a rating of an unblemished 5, endorsed by a financial luminary financetrader1, known in layman terms as Vance Fill, who was particularly appreciative of the free sharing of knowledge. Well, here we are, ready to dissect this little wonder. A detailed autopsy of the bot is available on this handy link.
Description of Functions
What does TrendFinder Volume offer on its shiny plate? It’s a trading robot built on the principles of trend and volume analysis. With an apparent ability to supposedly identify market trends with a little help from volume, this bot claims to make prudent trading decisions.
Analysis of Results
Now, let's glance over the past year's performance. Strangely enough, the bot appears to be consistently profitable. But, remember comrades, in this world of forex, past performance is not necessarily indicative of future results. As always, a further mentorship is advised before letting the bot loose with your hard-earned money.
Pros and Cons
One commendable feature of this bot is its simplicity. It does not bog you down with complex algorithms and parameters. On the flip side, this simplicity could also be its Achilles heel as it may possibly lack the sophistication needed to navigate the ever-changing landscape of the forex market.
Source Code of TrendFinder Volume
Peek into the secret sauce? Unfortunately, we don't have the source code of the original bot that's being peddled on MQL5. What we have is a version of the bot created by our team based on the description provided by MQL5. If your curiosity spikes, the example code can be found on our lovely forum, easytradingforum.com.
Code:
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In conclusion, let's not start popping champagne just yet. While the TrendFinder Volume trading bot appears to be an attractive tool, a further investigation is advised. And remember, this code is an example from easytradingforum.com, created based on the description of the robot selling on MQL5. EASY Trading Team isn't vending TrendFinder Volume.
Feel free to discuss and share your experiences with the TrendFinder Volume on the forum. Any and all questions about the code are welcome. Let's explore, let's question, let's make the forex world a better place, one bot at a time.