Introduction
As one can never be too careful in the world of trading, today we will be evaluating a trading robot that goes by the name Position Limit Monitor. You have to marvel at the creativity that goes into these names. Now, before we dive in, let me remind you that we do not have any user reviews or ratings to fall back on, which means we will be basing our conclusions solely on the information available on the website: https://forexroboteasy.com/trading-robot/position-limit-monitor/. So, if you have used this robot, don't hesitate to share your thoughts – they might just save a fellow trader from a disastrous trade.Description of Functions
According to the information on the website, the Position Limit Monitor has a simple job – to monitor and manage your maximum position. How thoughtful. No more will you have to fret over whether you're overextended on your trades. The robot will do that for you. It does this by alerting you when you're hitting your set limits, and let's just hope that its definition of alert does not involve blasting your speakers at 3 am in the morning.Analysis of Results
Somehow, the developers did not think it necessary to fill us in on how this robot has been performing over the past year. Guess they assumed we all have crystal balls. So, I'm afraid we can't offer any insightful analysis here. For all we know, the robot could be singlehandedly responsible for the last market crash.Pros and Cons
Looking at it from a glass-half-full perspective, the Position Limit Monitor could potentially save you from taking on more risk than you can handle by ensuring that your position does not exceed the set limit. The downside? Without a clear performance history, we're taking shots in the dark here. It's like marrying someone after just seeing their picture.Source Code of Position Limit Monitor
We don't have the original source code of the Position Limit Monitor being sold on MQL5. But don't despair. Based on the description provided on the MQL5 website, our ingenious coders at the EASY Trading Team could whip up a similar code. If you have any questions about the code, feel free to ask them. Remember, this is just a sample code from easytradingforum.com and is not the original code. Also, we do not sell the Position Limit Monitor. We merely formulated a trading robot code based on its description.
Code:
You don't have permission to view the code content. Log in or register now.