Introduction
Well, fellow traders, today we are going to discuss yet another trading robot named Range Analyzer with alerts for MT4. According to our users' comments and its overall rating of 5, it seems to be a decent robot. But before jumping to any conclusions, let's dive into the details and evaluate its effectiveness based on the available information.
Description of Functions
Based on the user comments and description, this trading robot mainly functions around the ATR (Average True Range) value to predict the market direction. It has a quality and informative dashboard and also provides alerts. The ADR (Average Daily Range) zone of this robot is unique in its functionality, aiming to catch more pips when a pair's ADR is around 100. This robot's simplicity in understanding is also praised by users. Now, this sounds nice on paper, but we all know that not everything that glitters is gold, right?
Analysis of Results
The detailed statistics about its past performance can be found on this website. From the information available, the robot seems to be performing quite well with positive outcomes. But remember, past results do not guarantee future performance. So, scrutinize the information and make your decision wisely.
Pros and Cons
This Range Analyzer with alerts for MT4 seems to be user-friendly and informative. The support from the author is also well-praised. However, as with any trading robot, there could be risks involved. After all, no trading system is foolproof. Besides, the absence of the actual code of the original robot might raise reasonable skepticism.
Source Code of Range Analyzer with alerts for MT4
Here's something to smirk about. We do not have the real source code of the original robot sold on MQL5. But, based on the description on the MQL5 site, we can generate a similar code. But remember, this is only an approximate representation of the original. Any questions about the code can be asked on the forum. Just keep in mind that this pseudo-code is generated by easytradingforum.com.
Code:
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So, there you have it. A range analyzer that is seemingly simple, informative, and in some ways, powerful. Now, if you've got an opinion or some trading results to share, make sure to get involved in the discussion on our forum. Remember, the EASY Trading Team doesn't sell the Range Analyzer with alerts for MT4 but provides a coded version based on its description. Happy trading!