Introduction
Let's put on our trading goggles and get ready to scrutinize another trading robot: Grid Hlevel MT5. With an average user rating of 4.64 and a mix bag of reviews, this should be quite an interesting exploration. Sit tight everyone, this won't be a walk in the park.Description of Functions
Grid Hlevel MT5, for those in the trading circuit who like to keep things fancy, is an Expert Advisor (EA) that applies the grid trading strategy. The unique angle with this one is its apparent ability to work without stop losses and take profit settings. It also supposedly has a zigzag grid start strategy option, which, honestly, sounds a tad too good to be true. But hey, we're here to observe, not judge. Well, not yet anyway.Analysis of Results
Wrapping our heads around the bot's performance over the past year, we can see mixed results - which isn't surprising given its lack of stop losses and take profit settings. While some users boast stellar returns, others have been left in the lurch without deals for days. So, let's just say the jury is out on this one.Pros and Cons
On the positive side of the ledger, users have praised its performance on both demo and real accounts. We even have some who are eager to invest in more products from the same creator. The standout negatives, however, include the bot's tendency to idle without initiating deals, as well as its frustrating wait for the market to reverse before closing trades.Grid Hlevel MT5 Source Code
Alright folks, let's cut the chase. We don't possess the original source code of the Grid Hlevel MT5 sold on the MQL5 marketplace. However, what we do have is a code based on the bot's description on MQL5. If you have any questions or suggestions about this, feel free to shoot them our way on easytradingforum.com.Now, don't get it twisted. The EASY Trading Team doesn't sell the Grid Hlevel MT5. We're just here to create and discuss trading algorithms based on their descriptions.
Code:
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