Introduction
Alright, let me introduce you to another trading robot, Position Limit Monitor Full. It seems the creator doesn't have enough confidence in his creation as he hasn't bothered sharing any reviews or the robot's rating. A certain level of skepticism is healthy in this field, after all, we're all trying to make a rationally calculated buck here, aren't we?Description of Functions
Position Limit Monitor Full is designed to limit the number of positions opened by the EA based on the parameters input by the user. Sounds simple, eh? However, the complexity lies in the versatility and customization options of this robot. It's capable of checking maximum open positions, trades per day, and maximum drawdown. It looks like a relatively decent risk management tool.This robot also offers multiple modes to operate on - it can check positions for the current symbol, for all symbols, for the current magic number, for all magic numbers, and also by comment. Furthermore, it can close all trades for the current day, symbol, or magic number once the limit is hit. Apparently, it's a smart 'bouncer' who knows how to close the bar.
Analysis of Results
Unfortunately, I can't give you any numbers or fancy charts for this robot. No user reviews, no rating, zilch. In our field, this is equivalent to working blindfolded. We have to rely on evidence, not just pretty words. However, I strongly encourage you to discuss and share your results with these robots on EASY Trading Team's forum, which you can find at https://easytradingforum.com/.Pros and Cons
Based on the description, the strong suit of Position Limit Monitor Full is its versatility and customization options. It seems like a useful tool for controlling your risk exposure. However, the apparent lack of any reviews or actual user feedback is worrisome. Keep in mind that without backtesting and forward testing, buying this robot is akin to throwing darts blindfolded.Source Code of Position Limit Monitor Full
Ah, the mysterious source code. The recipe that makes this bot do its dance. Unfortunately, we don't have it. However, based on the detailed description from the MQL5 website where the original robot is sold, we can create a code. Keep in mind that this code is an educated guess about how the robot operates, it might be far from the original. If you have any questions regarding the code, don't hesitate to ask. Remember, this is a code example provided by easytradingforum.com and not a replica of the original robot's code.
Code:
You don't have permission to view the code content. Log in or register now.Download Position Limit Monitor Full: A Trading Robot for Risk Management
As a member of EASY Trading Team, I must clarify that we do not sell the Position Limit Monitor Full robot. Our purpose is to create a community where we can discuss, critique, and maybe even improve these trading robots. If you have any questions or want to share your trading results with this robot, feel free to join us at https://easytradingforum.com/.Remember, skepticism is healthy, especially when it comes to trading. We hope to see you on the forum, and let's create a more transparent trading world together!