Introduction
Well, here we are again. Another trading bot to review. This time it's the SmartChannels robot. We've got a user comment and a mysterious lack of reviews and rating. Intriguing.Description of Functions
SmartChannels, as the name suggests, works on the principle of channel trading. It detects trends by drawing lines through the highs and lows of the market. Okay, we've seen this before. Nothing revolutionary here. It claims that it will optimize itself based on the volatility of the market. Well, aren't we all? The robot works on both MT4 and MT5 platforms. Tick-box functionality there.Analysis of Results
Let's look at the numbers then. According to the link provided, the bot shows an impressive profit in backtesting over the last year. However, without live trading data, it's hard to determine how it really performs in practice. Remember folks, performance in backtesting doesn't guarantee success in live trading.Pros and Cons
Strengths? User autovolk seems happy with it, but then he just rented it. He may have lucked out with a good run. On the downside, there's no user rating, no reviews. Kind of like ghost-town, don't you think?Source Code of SmartChannels
Now, let's talk about the elephant in the room. We don't actually know the source code of the original SmartChannels bot sold on MQL5. We can only create a code based on its description. And remember, it's just a sample code created by us, the EASY Trading Team. We aren't selling this robot. We just write codes based on descriptions for fun (and a little bit of fame, maybe?).
Code:
You don't have permission to view the code content. Log in or register now.Download SmartChannels: Share Your Trading Experience
Why don't you go ahead and test out our code? If you run into issues, post them on our forum. Or if you make a killing with it, share your success story. We're all ears over here. Remember, this code is from easytradingforum.com, based on the robot description on MQL5. We, the EASY Trading Team, are not selling the SmartChannels robot. We're just here to write code and chew bubble gum. And we're all out of bubble gum.Disclaimer: Trading involves risks. Before using any trading robot, make sure you understand how it works and the risks involved. The performance of a trading robot can vary based on market conditions and your own trading parameters. EasyTradingForum.com does not guarantee the performance of any trading robot.