Introduction
Here we are again, another trading bot up for review. This time it's the illustrious GGP Williams Vix Fix MT4. And boy, do we have a lot to talk about. But hey, let's not lose ourselves in a frenzied chat. Let's analyse this little mastermind objectively, and as always, mercilessly.
Functions of GGP Williams Vix Fix MT4
From the first glance, GGP Williams Vix Fix seems to be an ambitious algorithm produced to serve traders' needs. Its main function is to predict changes in the market trend. The bot uses the famous Williams' Vix Fix method, which aims to spot market bottoms. The Vix Fix is calculated as the standard deviation of the difference between the highest price in a specified period and current close price. Sound complicated? Welcome to the world of trading.
Results Analysis
And now, let's get down to brass tacks. According to the statistics provided on the site https://forexroboteasy.com/trading-robot/ggp-williams-vix-fix-mt4/, the results are, umm, not impressive. That's one way to put it. The user reviews are not complimentary either. Our friend Ilya Kravchenko labelled it as an 'Absolutely useless indicator'. Not even sugarcoating it, huh, Ilya?
Pros and Cons
When it comes to the strengths of the bot, the idea of it being based on a respectable theory is appealing on the surface. However, when we dig deeper, we stumble across its glaring weakness. The bot seems to be underperforming, delivering less than satisfactory results.
The Source Code of GGP Williams Vix Fix MT4
Although we don't have the original source code of the GGP Williams Vix Fix bot, we can attempt to build a similar one based on the description available on the MQL5 website. The coders among you are more than welcome to try and replicate it. We, the EASY Trading Team, only provide this code as an example. It is not for sale, so don't get any ideas. We are always ready to help if you get stuck somewhere. So feel free to ask your questions.
Code:
You don't have permission to view the code content. Log in or register now.Your Turn to Test and Discuss GGP Williams Vix Fix MT4
In conclusion, the GGP Williams Vix Fix MT4 seems to be another bot that promises a lot and delivers a little. But hey, don't take just our word for it. Try it out yourselves, crunch your data, and let's discuss it on our forum. After all, trading is not a spectator sport.
