Introduction
Breakout Scanner Multi Pair And Multi Time Frame – an automated trading robot that claims to offer a multi-pair, multi-time frame trading strategy. Let’s dissect this marvel with cold, hard facts, and see if it really delivers the goods, or if it's just another hype.Description of Functions
The Breakout Scanner Multi Pair And Multi Time Frame boasts several promising features:- Multi-Pair and Multi-Time Frame Monitoring: As the name suggests, it scans multiple currency pairs and time frames for breakout opportunities.
- Customizable Settings: Adjustable parameters to cater to different trading styles.
- Alerts and Notifications: Sends alerts when a potential trade setup is identified.
- Comprehensive Reports: Generates detailed reports on trading performance.
Analysis of Results
According to the detailed statistics available on their website Breakout Scanner Performance, the robot has had a decent performance over the last year. However, scrutinizing the data reveals some inconsistencies and periods of drawdown that are worth noting. While the overall trend appears positive, the variability in monthly returns suggests that this isn't the holy grail of trading.Pros and Cons
Pros:- Versatility in monitoring multiple pairs and time frames.
- Customizability to fit individual trader preferences.
- Strong support, as highlighted by the user “blupuzzle.”
- Detailed performance reports.
Cons:
- Inconsistent performance metrics.
- Periods of significant drawdown.
- Dependency on market conditions – susceptible to volatility.
Source Code for Breakout Scanner Multi Pair And Multi Time Frame
Unfortunately, the original source code for the Breakout Scanner Multi Pair And Multi Time Frame, which is sold on MQL5, is not available for public review. However, based on the description provided on the official MQL5 listing, we at EASY Trading Team have reverse-engineered a similar trading robot.If you have any questions regarding the code, feel free to discuss it on our forum. Remember, this is just an example code from easytradingforum.com, inspired by the original robot sold on MQL5. Our team does not sell Breakout Scanner Multi Pair And Multi Time Frame; we simply created a trading robot based on its description.
Code:
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For all those intrigued by the Breakout Scanner Multi Pair And Multi Time Frame, your best bet is to fully analyze its historical performance and engage in discussions on forums. The more you share, the better we all get at dodging those elusive market pitfalls.And remember, trust, but verify – especially in the world of trading robots.