Pro SMC Tool

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Apr 15, 2024
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Introduction​

The Pro SMC Tool trading robot has garnered attention in the trading community, earning a five-star rating from users like sami57, who boldly claims it to be the best indicator I have. This certainly raises eyebrows. Let's take a closer look.

Description of Functions​

Pro SMC Tool is touted as a sophisticated trading robot designed to analyze market trends and automate trading decisions. Its primary functions include:

  • Market analysis using advanced algorithms.
  • Automated trade execution based on predefined parameters.
  • Customizable settings to suit various trading strategies.
  • Risk management features to limit losses.
  • User-friendly interface for traders of all experience levels.

You'd think that with such a glowing description, the robot would be an absolute game-changer. Spoiler alert: it's not that simple.

Results Analysis​

Analyzing the robot's performance over the past year reveals a mixed bag of results. While some users may have experienced profitable trades, others have likely faced losses, as is common with trading robots. The statistics available on the website suggest a degree of consistency, but the lack of transparency regarding the underlying market conditions makes it difficult to validate these claims comprehensively.

Pros and Cons​

Let's break down the strengths and weaknesses of Pro SMC Tool:

Pros:
  • User-friendly and accessible for beginners.
  • Automation saves time and effort.
  • Customizable settings allow for personal trading strategies.
  • Promising user ratings from some traders.

Cons:
  • Performance results are not uniformly positive.
  • Lack of clarity on trading logic and market adaptability.
  • Reliance on user testimonials which may not reflect overall performance.

As always, tread carefully before investing your hard-earned money.

Source Code of Pro SMC Tool​

It's worth noting that we do not possess the original source code of the Pro SMC Tool available for sale on MQL5. However, we can create a code based on the descriptions provided on the MQL5 site. This is always a fun exercise—if you're into that sort of thing. The team at EASY Trading Team does not sell the Pro SMC Tool; we merely created our own version based on its description.

Code:
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Download Pro SMC Tool and Share Your Results​

If you have questions about the code or want to discuss your experiences with the Pro SMC Tool, feel free to engage on the forum. Sharing results can be quite enlightening—for some, at least. Remember, this is a sample code from easytradingforum.com, created based on the description of the robot available on MQL5.

In conclusion, while the Pro SMC Tool has its merits, prudent traders should always approach new tools with scrutiny and a healthy dose of skepticism.
 

Attachments

  • Pro SMC Tool.mq5
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Investing this much only for 5 activations feels quite limiting. It's not a purchase I'll be making.
 
It's unfortunate that this doesn't work with Tradepanel MT4. Each time I switch timeframes, the tradebox disappears, which disrupts the workflow.