Introduction
VR Smart Grid, a trading robot available on MQL5, has stirred quite a mixed bag of reactions from users. With a rating of 4.35, it's clear that opinions are divided. In this article, we'll dig into the robot's functions, analyze its performance over the past year, discuss its pros and cons, and share our professional opinion. Spoiler alert: we remain skeptical, as usual.Description of Functions
The VR Smart Grid robot employs a grid trading system. It aims to make money by placing orders at predefined intervals and then averaging the price when the market moves against the initial trade. Key features include:- Averaging Strategy: Opens multiple orders to average the entry price.
- Adaptive Lot Sizing: The robot adjusts the lot size based on predefined risk parameters.
- Stop Loss & Take Profit: These parameters can be customized to manage trades effectively.
- Customizable Grid Spacing: Users can set the distance between grid levels.
- Trailing Stop: Moves the stop loss level as the trade progresses into profit.
Performance Analysis
Over the past year, VR Smart Grid has shown inconsistent performance. While some users like raiden1 and sichkobi give it a hearty thumbs-up, others like ravidesilva and phantom008 are less enthusiastic. One user, jain028, highlights a common fear: what happens during a market spike?- Positive Feedback: Users report good profits with manageable drawdowns, provided they use the right settings.
- Negative Feedback: Concerns about large drawdowns and unstable performance after updates plague some users.
Pros and Cons
- Pros:
- Customizable settings allow for tailored trading strategies.
- Users have reported profitable trades with appropriate risk management.
- Good community support and active discussions.
- Cons:
- Risk of significant drawdowns, especially during volatile market conditions.
- Inconsistent performance, particularly after updates.
- Requires constant monitoring and optimization.
Conclusion
VR Smart Grid is a mixed bag, promising high returns but accompanied by significant risks. If you fancy living on the edge, this robot might just be for you. Otherwise, proceed with caution and keep an eye on those settings.Source Code of VR Smart Grid
We don't have access to the original source code of VR Smart Grid sold on MQL5. However, we can create a trading robot based on its description from MQL5. If you have any questions about the code, feel free to ask on easytradingforum.com. Remember, the EASY Trading Team does not sell the VR Smart Grid robot; we only provide code inspired by its description.
Code:
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