Introduction
Due to the growing interest in automated trading systems, we'll scrutinize another trading product today: the FractalZones bot. This bot operates on the MQL5 platform, but apparently, some users are longing to get it on MT4. The FractalZones bot, according to user feedback and its rating of 4.86, has demonstrated robust performance. Let's cut through the hype and delve into its actual functions and performance.Description of Functions
The FractalZones bot is built around the concept of support and resistance levels. The bot identifies these levels by using fractal analysis, which is why users have deemed it the best indicator for such a purpose. It eases the understanding of market fluctuations and the perception of potential trend reversals.Analysis of Results
The FractalZones bot, as per user reviews, seems to have a pretty good standing. Users find it useful and easy to understand, seeing excellent visualization on charts. However, we should take this with a grain of salt. Remember, in trading, there is no 'one-size-fits-all' solution. We always advise testing any bot on a demo account before risking real money.
Pros and Cons
FractalZones bot's strengths lie in its simplicity and its ability to identify support and resistance levels. This can yield profitable trades if used correctly. However, its limitation to only MQL5 is a drawback. Many users have expressed their desire for a version compatible with MT4.Source Code FractalZones
Let me be clear: We do not have the actual source code of the original FractalZones bot sold on MQL5. However, we can create code based on the description provided on the MQL5 site where the algorithm is sold. If you have any queries about this pseudo-code, feel free to ask. Remember, this is just an example from easytradingforum.com, based on the bot's description. EASY Trading Team does not sell the FractalZones bot; we only create code for a trading bot based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download FractalZones Expert Advisor Now!
If you're as curious as we are about the FractalZones bot's potential, download it and put it to the test. We encourage you to share your results and opinions on our forum.Remember, by sharing, we can all learn and grow as traders. Happy trading!
Please note: the source code provided is an example from easytradingforum.com, based on the bot's description. The EASY Trading Team does not sell or endorse the FractalZones bot.
