Introduction
In the vast sea of trading robots, something has caught my eye recently - the Cipher Chase Metals Trader MT5. However, with no reviews or ratings, its performance remains as mysterious as the enigmatic title suggests. The only available data for analysis is provided on the developer's website, here. Therefore, I invite all users to step into this trading arena and share their real-life experiences with this bot.Description of Functions
The bot is designed for trading in metals, a market domain infamous for its volatility. The complex algorithms of Cipher Chase aim to exploit these market movements and generate profits. Presumably, the bot analyses the market and executes trades based on certain conditions. However, the specifics remain under wraps, which is a bit disappointing for a seasoned trader like me.Analysis of Results
Unfortunately, given the lack of user reviews and ratings, we are forced to rely solely on the data provided by the developers. And we all know how subjective and embellished those can be. The claimed win rate and profits seem impressive, but until I see some real user stats, let's just say that my faith is hanging by a thread.Pros and Cons
Pros:- Trades in the volatile metals market
- Advanced algorithms for trade execution
- Lack of transparency in trading strategies
- No user reviews or ratings
Source Code of Cipher Chase Metals Trader MT5
Although we don't have access to the original source code of the Cipher Chase Metals Trader MT5 that is sold on MQL5, it's possible to create a version based on the description provided on the MQL5 page. For any queries about the code, feel free to ask. Bear in mind that this is a code example from easytradingforum.com based on the robot's description. The EASY Trading Team is not selling the original Cipher Chase Metals Trader MT5.
Code:
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