Introduction
Greetings to all strapping traders and fleeting scalpers in the Forex community. Today, we'll be pulling apart yet another trade automaton that goes by the name Volatility Index Scalper. It has been causing quite a stir in the community, amassing a perfect 5 stars rating and receiving some mixed reviews. Let's attempt to dissect this machine and see what it's truly made of, shall we?Description of Functions
Volatility Index Scalper, as its name suggests, is a trading robot designed to profit from volatility in the market. However, the specifics of the algorithm are locked away in the brains of its developers, a minor detail that leaves room for a fair bit of speculation.That said, the bot is designed to exploit short-term price changes by breaking down larger orders into smaller chunks, executing these trades to minimize market impact and trailing the market to seize any beneficial price movements.
Analysis of Results
According to the data found on the official site, this scalper has produced a decent performance over the past year. However, it's worth noting that past performance is not indicative of future results, especially considering the turbulent nature of Forex markets.As with any trading strategy, while it may seem bulletproof on paper, real-world application often tells a different story. A user by the name oj2ad noted unclear entry points and excessive noise. My fellow quants would agree, these issues can make all the difference between a successful scalper and a poorly-executed order splitter.
Pros and Cons
On the bright side, Aravind Kolanupaka finds it to be a Good indicator. Plus points for simplicity and evidently, it has garnered some favourable reviews. On the darker side of things, potential issues with clarity of entry points and algorithmic noise could cause some major distress in certain market conditions.The Source Code of Volality Index Scalper
Let's turn our focus to the source code of this cybernetic trader. We don't have access to the original source code, as it's safely stored in the fortress that is MQL5's marketplace.However, we can offer you a code, developed by our own team, based on its description on MQL5. Remember, this is a rough simulation of the Volatility Index Scalper, and as such, may not function entirely in the same manner as the original.
Code:
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For those interested in testing the waters with this bot, you can download our simulation version. If you encounter issues or have questions about the code, please feel free to ask. However, bear in mind that EASY Trading Team does not sell the original Volatility Index Scalper, nor do we have any affiliation with the original code.Always remember, as fascinating as these trading bots might be, they are tools, not silver bullets. Wield them wisely and may the pips be with you.