Introduction
In the vast universe of trading robots, there exists a non-descript automat called MT5 Time Range Breakout EA. Perplexingly, it appears to have missed the fickle eye of reviewers, with the user comments section offering a desolate landscape of silence. A rating is yet to be formed, which leaves us in a curious state of speculation. But you didn't come here for my musings, you're here for a lowdown on the robot's efficacy, aren't you?Description of Functions
MT5 Time Range Breakout EA is essentially a software that executes trades once specific time ranges are breached. It's like a sniffer dog trained to sniff out breakout opportunities. It is purported to work best on the EURUSD pair set on a 5-minute timeframe. The trading robot has the capability to calculate and incorporate both the number of lots to trade with and the stop loss level. It can even factor in trailing stops for those who prefer their trades with a dash of dynamic strategy.Analysis of Results
A journey to our favorite destination, forexroboteasy.com, reveals a detailed account of the robot's performance over the last year. The overall picture is a rather mixed bag, much like picking a random assortment of chocolates. Some periods show decent profits, and others...well, let's just say it's not the prettiest sight, not unlike an overcooked steak. Still, the overall performance seems to be stable with a decent profit factor and low drawdowns.Pros and Cons
The asset of MT5 Time Range Breakout EA lies in its simplicity; it's a no-frill method that does not burden itself with complex algorithmic loops. The detractor, however, lies in its seeming dependence on one currency pair; a scope that screams of bubble-wrapped vulnerability.Source Code of MT5 Time Range Breakout EA
As for the source code of MT5 Time Range Breakout EA, we are kept in the dark. We could make an educated guess based on the description on MQL5, but who wants to buy a pig in a poke? Remember, this code is a rough sketch by the EASY Trading Team, originating from the description provided by forexroboteasy.com.
Code:
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As for the question of downloading MT5 Time Range Breakout EA, it's time for you to take the reins and share your experiences. Let's sow the seeds of discourse on easytradingforum.com and see what grows. And if you have a burning question about the code, feel free to express your curiosity.Disclaimer: The EASY Trading Team is not selling MT5 Time Range Breakout EA. We provide a code based on the EA's description. So, trade wisely and always remember that past performance cannot predict future results.