Introduction
Intellectual Price Action is a commercial trading robot available on MQL5. Despite its promising name, it doesn't yet have any user reviews or ratings. So, let's dissect its features, look into its annual performance, and evaluate its strengths and weaknesses. If you've had any experience with this robot, be sure to leave a review and share your thoughts.Description of Features
Intellectual Price Action claims to be a sophisticated trading robot designed for price action analysis. According to the official website, the main features include:- Advanced price action analysis algorithms.
- Automatic trade management.
- Customizable risk parameters.
- Compatibility with multiple currency pairs.
- Comprehensive reporting and performance metrics.
Performance Analysis
The robot's performance over the last year shows mixed results. It did manage to pull off some profitable trades, but there were also significant drawdowns. The lack of consistent, profitable performance is something worth noting. Given the absence of any user reviews, it's hard to gauge the broader acceptance and real-world effectiveness of this robot.Pros and Cons
Pros:- Automates price action trading, which can save time.
- Variety of customizable settings.
- Comprehensive reporting features.
Cons:
- Inconsistent performance.
- No user reviews to validate its effectiveness.
- Significant drawdowns observed.
Conclusion
Intellectual Price Action has some interesting features, but its performance is a mixed bag at best. The lack of user feedback and significant drawdowns are concerning. If you're considering this robot, do your due diligence and maybe start with a demo account. We encourage users to discuss this robot on the forum and share their results.Source Code of Intellectual Price Action
It's important to note that we don't have access to the original source code of the Intellectual Price Action robot sold on MQL5. However, based on the product description, we can create a similar algorithm. If you have questions about our example code, feel free to ask. This code is a sample from easytradingforum.com, based on the description of the robot available on MQL5. Remember, the EASY Trading Team doesn't sell the Intellectual Price Action robot; we just provide code inspired by its features.
Code:
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