Introduction
The world of Forex trading is filled with countless trading bots, each promising to bring a revolution in the way we trade. Today, we’re going to put the microscope on one such bot, the Virtual Grid. Now, before you get excited, keep in mind that there is no holy grail when it comes to trading bots. The effectiveness of a bot depends largely on its strategy, settings, and more importantly, the current market conditions.Description of Functions
The Virtual Grid trading robot runs on the MQL5 platform. The bot uses the grid strategy, opening virtual orders instead of real ones. This means that it uses less margin and reduces the level of risk associated with grid trading, compared to traditional grid bots.The bot has customizable parameters for lot size, stop loss, take profit, and grid step. Additionally, it also comes equipped with a news filter which can be set to stop trading during high impact news times.
It’s worth noting, that despite the virtual nature of the orders, trading with any grid bot has its risks. High volatility can cause a significant drawdown and it's essential to keep that in mind while using such bots.
Analysis of Results
Well, this is where it gets tricky. Apparently, Virtual Grid does not have any user reviews or ratings on MQL5. To make matters worse, there’s no performance data available for the last year. This lack of transparency makes it difficult to give a fair assessment of its performance.You might be wondering, how is that possible? Well, welcome to the world of Forex where things aren’t always as they seem.
Pros and Cons
Pros:- Reduced risk due to virtual orders
- Adjustable parameters
- News filter
Cons:
- No user reviews or ratings
- Lack of transparency in performance data
Source Code of Virtual Grid
We don’t have the source code of the original Virtual Grid bot sold on MQL5. However, we can create a similar bot based on the strategy and functions described on the MQL5 page.Please note that this is just a code example from easytradingforum.com and not the original Virtual Grid bot. The EASY Trading Team does not sell the Virtual Grid robot; we simply provide a reference trading algorithm based on the description of the bot.
If you have any questions or need further clarification about the code, feel free to ask.
Code:
You don't have permission to view the code content. Log in or register now.Download Virtual Grid Trading Robot
If you wish to try the Virtual Grid trading robot, do so with proper caution. Remember, while trading bots can help automate trades, they are not magic money-making machines. Perform backtests, forward tests and always ensure to follow good risk management.We invite you to share your results and discuss them on our forum. Let’s learn and grow together in this ever-changing world of Forex trading.