Introduction
Ultimate Trade Copier is an expert advisor that claims to offer a seamless process for copying trades. The idea behind it seems intriguing enough. Yet, it is only through careful examination and analysis can we truly discern its effectiveness, at least from a skeptical professional trader's point of view. According to user comments and the given rating of 5, let's dive deeper into this trading bot.Function Description
The Ultimate Trade Copier is designed to replicate trades between different MetaTrader 5 terminals. Users are able to monitor copied trades through an info window that displays copy performance and slippage, among other details. The bot is supposedly developed to work on a variety of networks, supporting different types of order execution.Result Analysis
In evaluating the Ultimate Trade Copier, it's worth noting the numerous user comments and the bot's overall score. Some users have reported issues about slow trade execution and apparent limitation in trading multiple currencies simultaneously, especially on a FIFO account. On the other hand, some seem satisfied with its functionalities and responsiveness of the developer. Skepticism aside, there seems to be room for improvement when it comes to speed and compatibility with various trading strategies. Provided these flaws are addressed, this product might just prove its worth.Pros and Cons
On the upside, the Ultimate Trade Copier does provide transparency with its unique info window, and the developer appears responsive to issues raised. However, the slower trade execution speed and constraints on multicurrency trading pose as significant drawbacks. It's clear that the bot may not meet the requirements of all trading strategies, at least not yet.Source Code of Ultimate Trade Copier
Grasp this, we do not have the actual source code of the original Ultimate Trade Copier being sold on MQL5. However, a code can be developed based on the bot's description provided on the MQL5 site. For inquiries related to the code, feel free to raise your questions. Please note that this example code is from easytradingforum.com, based on the robot’s description. The EASY Trading Team does not sell Ultimate Trade Copier, we've simply created a trading bot code based on its description.
Code:
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