Introduction
The Manual Scalping Trading Bot is an automated trading system designed to facilitate manual scalping strategies. It has received mixed reviews from the community, with an average rating of 3.67. Its effectiveness and functionality seem to vary greatly depending on user's experiences and understanding of the product.Description of Features
The Manual Scalping Trading Bot offers several features to assist traders in their scalping strategies. Notably, it provides a trailing function designed to lock in profits, and a TP in R functionality. However, users have expressed confusion about what some of these features actually mean, and how they are calculated.For instance, TP in R presumably refers to a take profit function measured in a certain quantity, while Floating at 2R in Profit and SL moved 1R away from SL appear to be stop loss and take profit adjustments measured in the same quantity. Unfortunately, without clear explanations, we can only guess at what these actually mean.
Analysis of Results
Given the lack of detailed statistics and figures from the users, we can't provide a comprehensive result analysis. However, based on the user's reviews, it seems that the performance and effectiveness of this bot can be inconsistent, possibly due to the lack of clarity in its functions.Pros and Cons
Pros:- Provides tools for manual scalping trading
- Includes a trailing function to lock in profits
- Lack of clear explanations for its functionalities
- The trading panel gets obscured by other indicators
- Unclear how to adjust settings, making it difficult for some users to operate
Source Code of Manual Scalping Trading Bot
While we do not have access to the original source code of the bot sold on the MQL5 platform, we have created a version based on the description provided on the MQL5 website. This should give a fair idea of how this bot may operate. However, remember that this is merely illustrative, and not the original code.
Code:
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For any questions or issues with the bot or the code, feel free to ask on the forum. Just be aware that this code is a creation of the EASY Trading Team and is only based on the description of the bot that is sold on MQL5. The team does not sell the Manual Scalping Trading Bot itself.
Talking about scalping bots and sharing your experiences and results on the forum would be a great way to spread knowledge and learn from each other. So don't hesitate to share your thoughts!