Introduction
Zenith MT5, a trading robot developed by Enrique Enguix, has been making waves in the forex community. With a perfect rating of 5.0 and a price tag of $149, it's hard not to be curious. But does it live up to the hype? Let's dissect this robot and see if it's worth your hard-earned money.Description of Features
Zenith MT5 is designed to operate on the EURUSD H4 timeframe, utilizing advanced data mining techniques to identify trading patterns. It integrates custom-developed technical and fundamental indicators, ensuring real-time data analysis for adaptability. The robot employs a non-martingale, non-grid strategy, focusing on:- Calculating supply and demand levels
- Evaluating liquidity absorption
- Assessing daily relative performance
- Analyzing impactful news in real-time
Robust protections like Take Profit (TP) and Stop Loss (SL) are in place to safeguard each trade.
Performance Analysis
Based on user reviews, Zenith MT5 has shown consistent performance with low drawdown. Dipak Mohanrao Gulhane trusts Trendex products and has had profitable trades so far. Savell Martin and MiguelEn also report positive experiences. However, let's not get carried away. User reviews are promising, but past performance doesn't guarantee future results. Thorough research and demo testing are always recommended.Pros and Cons
Pros:- Advanced data mining techniques
- Multi-strategy integration
- Robust risk management with TP and SL
- Positive user feedback
Cons:
- High price tag
- Requires a deep understanding of market dynamics
- Limited to EURUSD H4 timeframe
Source Code of Zenith MT5
We don't have access to the original source code of Zenith MT5 sold on MQL5. However, we can create a code based on its description available on the MQL5 website. If you have any questions about the code, feel free to ask. Remember, the EASY Trading Team does not sell Zenith MT5; we only provide a sample code based on its description.
Code:
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