Owl Smart Levels MT5

[TopicStarter]

Introduction​

As a professional trader and MQL5 programmer from the EASY Trading Team, it's my job to cut through the fluff and get to the heart of any trading strategy. Today, we're dissecting the Owl Smart Levels MT5 trading robot. With a user rating of 4.46 and mixed reviews, it's time to see if this bot is a game-changer or just another overhyped tool.

Description of Features​

Owl Smart Levels MT5 combines several popular market analysis tools into one indicator. It includes Bill Williams' advanced fractals, Valable ZigZag, and Fibonacci levels. The robot promises to:

• Display trend direction on main and higher timeframes.
• Send real-time notifications for trade signals.
• Mark levels for order placement, stop setting, and profit fixing.
• Identify potential reversal points and trend continuation signals using fractals.
• Build the correct wave structure of the market with ZigZag lines.

In theory, these features should make trading more straightforward and profitable. But let's not get ahead of ourselves.

Analysis of Results​

Over the past year, Owl Smart Levels MT5 has shown mixed results. According to user reviews:

• Kyle Lee Fox gave it a 5-star rating, praising its effectiveness and support.
• AshBurn166 also rated it 5 stars, eager to get the owl bonus.
• DNkRockzzzzZ, however, rated it 1 star, claiming it only caused losses.

The robot's overall rating of 4.46 suggests that while many users find it useful, it's not without its flaws. Detailed statistics are available on the website here.

Pros and Cons​

Pros:

• Combines multiple market analysis tools.
• User-friendly interface suitable for both beginners and professionals.
• Real-time notifications to keep you updated.

Cons:

• Mixed user reviews, indicating inconsistent performance.
• Technical glitches reported by some users.
• Not a one-size-fits-all solution; requires additional market analysis.

Conclusion​

Owl Smart Levels MT5 offers a blend of useful features but isn't without its drawbacks. While it can be a valuable tool in your trading arsenal, it's essential to manage your expectations and use it in conjunction with your own market analysis. We encourage users to discuss this robot on our forum and share their results.

Source Code of Owl Smart Levels MT5​

We don't have access to the original source code of the Owl Smart Levels MT5 robot sold on MQL5. However, based on its description, we can create a similar code. If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com and is based on the description of the robot sold on MQL5. Note that the EASY Trading Team does not sell the Owl Smart Levels MT5 robot; we only created the code based on its description.

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Download Owl Smart Levels MT5 for Free​

If you're interested in exploring the Owl Smart Levels MT5, you can download a sample version from our website. Visit Download Owl Smart Levels MT5 to get started. Share your experiences and results with us on the forum.

 

[Diego Sanchez]

Is there any plan to advance the EA to automate trade placements instead of relying on manual buttons? This would enhance trading efficiency significantly!