Introduction
As part of the EASY Trading Team, I've run my experienced and somewhat skeptical eye over the Advanced Stochastic Scalper MT5. Based on user reviews and a commendable rating of 4.25, let's dive deep into its functions, performance, strengths, and weaknesses. Remember, trading robots, like humans, are far from infallible.Description of Functions
The Advanced Stochastic Scalper MT5 is a tool designed to automate trading strategies related to scalping. It operates chiefly on the Stochastic Indicator, creating trade signals based on key points within the indicator's fluctuating range. In essence, it's supposed to take the guesswork out of identifying potentially profitable trades. But as we know, trading is rarely so straightforward.Analysis of Results
Looking at the past year, the Advanced Stochastic Scalper MT5 has had its moments of brilliance. However, there are complaints about late signals, which in turn miss the optimal entry point. This suggests that this robot may be better used as a supplement to a well-crafted trading strategy, rather than a standalone solution.For detailed results, you can visit https://forexroboteasy.com/trading-robot/advanced-stochastic-scalper-mt5/.
Pros and Cons
Pros:
It performs well when used in higher time frames.
Seamless integration with other indicators.
User-friendly and relatively error-free.
Cons:
Delayed trade signals.
Some users report that it's non-operational.
Source Code of Advanced Stochastic Scalper MT5
While we don't have the actual source code of the original robot being sold on MQL5, we can certainly create code based on the robot's description on the MQL5 site. Remember: this is only a demonstration from easytradingforum.com. If you have questions about this code, don't hesitate to ask in the forum.
Code:
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