Introduction
Let's take a moment to examine PRO Fibonacci Tool MT5, yet another trading robot claiming to be the ultimate tool for successful trading. As a professional trader, there's nothing that piques my interest more than a bit of scepticism. So let's dive in, shall we?Description of Functions
According to the official description, PRO Fibonacci Tool MT5 uses the classic Fibonacci retracement strategy as its base. It automatically identifies support and resistance levels, and combines these with Fibonacci levels to generate trading signals. It’s supposed to automate every step of the trading process, from the placing of the orders, to the closing of positions.Analysis of the Results
Given the lack of user reviews and ratings, it's hard to assess the efficacy of this robot objectively. Hence, it would help if users could share their experience with this tool. However, basing on the statistics provided at forexroboteasy.com, the robot had quite an eventful trading year. We would appreciate more community input on this.Pros and Cons
One advantage of PRO Fibonacci Tool MT5 is that it adds a level of automation to your trading activity, saving you time and effort. However, the downsides include the reliance on back-testing data and the lack of real-time user reviews and ratings.Source Code PRO Fibonacci Tool MT5
Just a heads-up, folks, we don't know the actual source code of the original robot that's being sold at MQL5. But, fret not, we can generate a code based on the description provided on the MQL5 site where this algorithm is sold.That being said, remember that this is an example code from easytradingforum.com, based on the description of the robot PRO Fibonacci Tool MT5 sold by MQL5. In case of any questions, feel free to ask. Our team, EASY Trading Team, does not sell the PRO Fibonacci Tool MT5, but has created the code of the trading robot based on its description.
Code:
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