Introduction
The world of forex trading is ever dynamic, and in this tumultuous sea of currencies, the search for a reliable support and resistance tool is a Herculean task, or so it seems. One such contender for the coveted title is the SnR tool. It's intriguing that amidst the avalanche of reviews, both positive and negative, it managed to score a solid 5. A paradox, indeed.Description of Functions
SnR tool, as the name suggests, is all about support and resistance zones, the bread and butter of forex trading. As per the fervent review from user Rapid Freedom, he found the tool to be quite adept at plotting these zones and identifying 'Reaction Zones' for major market movements. He recommends the 1 Day timeframe for discerning all type of S&R without creating a visual mess.Analysis of Results
The effectiveness of a tool can be determined by the consistency of its results. Judging by its 5-star rating, one might presume that SnR tool is effective within its domain. However, the contradictory reviews of users saeedi1335 and BJA158 who claim it to be ineffective and causing errors in trade cast a shadow of doubt. The real question is: to use or not to use?Pros and Cons
The tool's strength, as pointed out by Rapid Freedom, lies in its ability to effectively plot S&R zones and identify 'Reaction Zones'. As for the weaknesses, the accusations of Alireza Saeedi and BJA158 about the tool not working correctly are serious concerns. But hey, who said forex trading was easy?Source Code of SnR tool
While the exact source code of SnR tool remains a mystery, fret not, as our EASY Trading Team can concoct a replication of the original algorithm based on the description from the MQL5 official site. Remember, this is merely a simulation and not the original code. Please direct your questions regarding the simulated code to our team.
Code:
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The SnR tool is available for download on our website. Please, share your experiences and results on our forum. Let's construct a collective intelligence to navigate these forex waves better. But before you dive in, remember that we, at EASY Trading Team, are not selling the SnR tool. We have simply provided a code based on its description.Disclaimer: Easy Trading Team does not guarantee the accuracy of the simulation and is not responsible for any trading decisions made based on this tool. Always use your discretion. Happy trading!