Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, it's my job to dissect trading robots with a critical eye. The Trending Volatility System, developed by Vitalyi Belyh, has garnered a perfect rating of 5.0, with users like Jenny LK praising its effectiveness. But let's not get carried away by the hype. This review will delve into the core functions, analyze its performance over the past year, and weigh its pros and cons.Description of Functions
The Trending Volatility System is designed to provide clear entry and exit signals based on market volatility. It uses a trend indicator to monitor medium-term trends and a signal indicator to show market entries. The system includes multiple alert types and can be applied to various trading instruments and time frames, with recommended usage on M15, M30, and H1. The key input parameters include:- TrendPeriod: Period of the blue trend line
- LinePeriod: Period of the red signal line
- NumBars: Number of indicator bars on the chart
- PlaySound: Enable or disable sound notifications
- DisplayPopup: Enable or disable pop-up message notifications
- SendPushNotification: Enable or disable push notifications
- SendEmail: Enable or disable email notifications
Performance Analysis
Over the past year, the Trending Volatility System has shown promising results, particularly in identifying overbought and oversold levels. Jenny LK's review highlights its effectiveness after a month of use. However, it's essential to remember that one month of positive performance doesn't guarantee long-term success. The system's reliance on volatility changes can be both a strength and a weakness, depending on market conditions.Pros and Cons
Pros:- Clear entry and exit signals
- Multiple alert types
- Versatile application across various instruments and time frames
Cons:
- Potential for continued signals without reversal
- Effectiveness may vary in different market conditions
- Limited user reviews to gauge long-term reliability
Source Code of Trending Volatility System
We don't have access to the original source code of the Trending Volatility System sold on MQL5. However, based on its description, we have created a sample code that mimics its functionality. This code is available for review and discussion on our forum at forexroboteasy.com. It's important to note that our team does not sell the Trending Volatility System; we only provide a code example based on its description.
Code:
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