Introduction
Let's pull back the curtains on the trading robot - GraphicShapes. But first, a friendly reminder for my dear readers - don't let your guard down. Reviews and ratings? Well, there aren't any available yet, hence your feedback will make a difference to the community. If you've had any experience with this bot, leave a review. No experience? Stay put and read this review.
Description of Functions
GraphicShapes trading robot is designed to operate on the Metatrader 5 platform. Its strategy is based on the use of graphical shapes only. No indicators, no price action patterns, just simple geometry. Supposedly, it takes trading to the simplest form possible, but let's not get ahead of ourselves.
Analysis of Results
Despite the lack of user reviews and ratings, we are not left completely in the dark. The trading results over the past year can be found on their website, here.
However, we take all result claims with a grain of salt. In the financial marketplace, past performance is not indicative of future results, and this is something seasoned traders understand all too well. Unfortunately, without reviews and ratings, we can't cross-check whether the results are consistent with user experiences.
Pros and Cons
Pros:
- Simple design - The simplicity of this bot is its strength.
- No indicators - It makes decisions based on simple geometry, which could mean fewer false signals.
Cons:
- Lack of user experiences - Without any user reviews or ratings, it's difficult to gauge this bot's real-world effectiveness.
- Dependence on market conditions - As with any other strategy, changing market conditions can affect effectiveness.
Source Code of GraphicShapes
While we don't have the original source code of this MQL5 bot, we can create code based on the description provided on the MQL5 site where it's sold. If you have questions about this code from easytradingforum.com, feel free to ask. Remember, EASY Trading Team doesn't sell GraphicShapes, we've just created a code based on the bot description.
Code:
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Ready to give GraphicShapes a try? It's your lucky day because you can download it from here. Remember, this is just our interpretation of the bot based on the description from MQL5. We encourage you to share your experiences in the forum. And before you plunge headlong into the markets, remember the trading mantra – past performance doesn't guarantee future results. Happy Trading!