Introduction
Let's dive into the world of WH DrawFib Pro MT4, another miraculous trading robot promising to make your trading life easier. With user ratings soaring high, one might wonder if it’s all rainbows and butterflies or just another well-marketed fluff. If you're expecting a sugarcoated review, you might want to look elsewhere.Description of Functions
The WH DrawFib Pro MT4 is designed to automatically draw Fibonacci retracement levels on your charts. But wait, there's more!- Automatic drawing of Fibonacci retracement levels
- Customizable number of candles
- High-quality details
- Alerts at Fibonacci levels
- Option to hide or show Fibonacci levels
Sounds like a Swiss Army knife of Fibonacci tools, right? Let’s see if it really delivers.
Analysis of Results
Based on the data available from Forex Robot Easy, the past year has been quite a ride:- Average monthly gain: 3.5%
- Maximum drawdown: 15%
- Winning trades: 65%
- Losing trades: 35%
- Risk/Reward ratio: 1.5
Not bad, but nothing that would make you jump out of your seat. A solid performance, but the occasional drawdown might give some traders a heart attack.
Pros and Cons
So, what's the deal with WH DrawFib Pro MT4? Let's break it down.Pros:
- Easy to use and set up
- Automates the boring task of drawing Fibonacci levels
- Customizable to fit individual trading styles
- Provides alerts, keeping you on your toes
Cons:
- No source code availability
- Dependent on market conditions—Fibonacci levels aren’t always reliable
- Can experience significant drawdowns
Conclusion
In conclusion, the WH DrawFib Pro MT4 is an interesting tool for traders who love their Fibonacci levels. While it does deliver on most of its promises, it’s not without its drawbacks. If you rely solely on this tool for your trading decisions, you might want to reconsider. As always, skepticism is your best friend.Source Code WH DrawFib Pro MT4
The original source code of WH DrawFib Pro MT4, sold on MQL5, is not available. However, we, the EASY Trading Team, can create a robot based on the description provided on the MQL5 website. If you have any questions about the code, feel free to ask.
Code:
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