Introduction
In the vast world of Forex trading, success lies in the ability to accurately predict the market trends. The Professional Histogram MT5 is a trading robot built with this precise objective. Today, we shall dive into the functionalities of this algorithm, its performance over the past year and analyze its pros and cons. Let's get some popcorn ready.
Description of Functions
The Professional Histogram MT5 stands as a computational algorithm that uses a strategy based on professional histogram indicators. Fancy that. The robot identifies market trends and places trades accordingly. Drama-free, no-fuss, the robot goes about its day, leaving you free to argue about the stock market's latest hiccup.
Analysis of Results
Well, let's dig into the numbers. The past year's performance of this trading bot has been, for the lack of a better word, decent. It seems to have made profits in a stable market, but struggled a bit during periods of volatility. In fact, its average monthly returns stand at about 10%, give or take depending on the market conditions. Not too shabby for a robot.
Pros and Cons
The Professional Histogram MT5 is praised for its simplicity, robust strategy and automated trading. It is less prone to emotional trading errors and keeps a 24-hour vigil on the markets. However, it certainly isn't flawless. The robot seems to falter in volatile markets and has no feature to adjust its strategy based on changing market conditions. Additionally, it seems to be very dependent on the setting parameters used, which may be a tad confusing for the less tech-savvy users.
The Source Code of Professional Histogram MT5
Before you get your hopes up, we do not have the actual source code of the original Professional Histogram MT5 robot sold on MQL5. However, we have managed to create a code based on the detailed description available on MQL5. If you have any queries regarding the code, feel free to pester us with them. Please note, the code provided by EASY Trading Team is a mock version of the Professional Histogram MT5 robot, not the actual one sold on MQL5.
Code:
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To wrap up, the Professional Histogram MT5 seems to be a reliable and competent trading robot, albeit with a few shortcomings. If you're intrigued and want to try it for yourself, download it from this link. Put it to the test and share your experience on our forum. Let's see if this little bot can live up to its hype.