Introduction
Well, here we go again, another trading robot to evaluate. This time it's Elastic Grid MT5, boasting a user rating of 5 and generating some excitement in the user comments. All right, let's suspend disbelief for a moment and dive in.Description of Features
Elastic Grid MT5 presents itself as a Double Grid EA. The Grid trading strategy functions by placing buy and sell orders at regular intervals around a set price. The elastic aspect? It's supposed to adjust to market volatility. Sounds fancy, doesn't it?In theory, it should handle fluctuating markets better than a standard grid. But remember, what's on paper doesn't always translate to success in the market.
Analysis of Results
Our review wouldn't be complete without results' analysis. The users, in their wisdom, have bestowed upon Elastic Grid MT5 a rating of 5. Some claim it's a 'Must Have' (their words, not mine), while others commend its bug-free operation.However, one user highlighted the susceptibility of the robot to user settings and market conditions. As always, it's not just about the EA; how you use it and the market status also play significant roles.
As for actual performance? You can check the meticulously detailed statistics over the last year on this site. Remember to take them with a grain of salt.
Pros and Cons
On the pro side, Elastic Grid MT5 seems to be a flexible instrument, adjusting to market volatility with what seems to be a user-friendly interface.And the cons? Well, there were complaints about complexities in setting a trailing stop loss. Furthermore, outcomes appear to depend heavily on the user's experience and settings, which could be a stumbling block for novices.
Source Code of Elastic Grid MT5
Now, let's talk about the elephant in the room - the source code. Here's the thing, we don't have the original code of the bot sold on MQL5. What we have is a replica based on the descriptions on MQL5.So before any aspiring developer gets any ideas, remember that the code from easytradingforum.com is written based on a description, not the original source.
If you have questions about the code we've assembled, feel free to ask. Just remember, we don't sell Elastic Grid MT5, we merely made our own version based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download Elastic Grid MT5 Trading Robot: A Must-Consider Tool
So, there you have it. Elastic Grid MT5, in all its pomp and glory. Whether it's worth the attention, only time and market will tell.If you feel adventurous, give it a whirl and share your findings on our forum, we're always eager to see real-world results. Remember, it's your experience, expertise and settings that will determine your success, Elastic Grid MT5 is just a tool. Oh, and don't forget to visit the website for more stats and information.
Finally, as you continue exploring the world of Forex trading, remember - keep your emotions in check, your strategies adaptable, and your expectations realistic. Until the next evaluation, trade easy.