Introduction
As an experienced trader and MQL5 programmer from the EASY Trading Team, I have had the opportunity to explore various trading robots, with the Supply and Demand Monster MT4 being one of the most notable. This robot is designed to leverage supply and demand zones to make informed trading decisions, potentially leading to profitable trades. However, trading robots, like any trading tool, come with their own set of successes and failures. In this article, I will share real-life cases of using the Supply and Demand Monster MT4, analyze both successful and unsuccessful trades, and provide insights into the reasons behind these outcomes. Additionally, I invite readers to share their own experiences on our forum.Examples of Successful Trades
One of the standout cases involved a trader who utilized the Supply and Demand Monster MT4 on the EUR/USD pair. By accurately identifying supply and demand zones, the robot executed a buy order at a demand zone during a period of market consolidation. The market soon rallied, resulting in a substantial profit for the trader. The key to this successful trade was the robot’s precise identification of a strong demand zone and the subsequent market movement in the trader's favor.Another example involved trading the GBP/JPY pair. The robot detected a major supply zone and placed a sell order right before a significant retracement. The pair dropped sharply, allowing the trader to secure a handsome profit. The success of this trade can be attributed to the robot’s ability to recognize a significant supply zone and the timing of the market’s reaction to it.
Examples of Unsuccessful Trades
Not all trades, however, result in profits. A trader reported a failed attempt using the Supply and Demand Monster MT4 on the USD/CHF pair. The robot identified a demand zone and placed a buy order. Unfortunately, due to unexpected market news, the price plummeted through the demand zone, resulting in a loss. This case highlights the unpredictability of the markets and the impact of external factors that the robot cannot foresee.Another case involved the AUD/USD pair, where the robot identified a supply zone and placed a sell order. However, the market continued to rise, breaking through the identified supply zone and triggering a stop loss. The failure of this trade was due to the robot’s misidentification of the strength of the supply zone and the overall market trend.
Analysis of Reasons
The reasons behind the success and failure of trades executed by the Supply and Demand Monster MT4 can be summarized as follows:Reasons for Success:
1. Accurate Identification: The robot's ability to accurately identify strong supply and demand zones.
2. Market Conditions: Favorable market conditions that support the identified zones.
3. Timing: Perfect timing of the market's reaction to the zones.
Reasons for Failure:
1. External Factors: Unforeseeable events, such as economic news, that affect market direction.
2. Misidentification: Incorrect identification of the strength of supply and demand zones.
3. Market Trends: Overall market trends that overpower localized supply and demand zones.
Comments from Users
User feedback on the Supply and Demand Monster MT4 has been varied, reflecting the mixed results of trading robots. Here are some comments from users:John D. - 'The robot has been a great addition to my trading arsenal. Accurate identification of zones has led to some profitable trades.'
Alice K. - 'While I've had some wins, unexpected market news has sometimes turned potential profits into losses. It's important to stay vigilant.'
Michael T. - 'I find the robot useful, but it's not foolproof. Understanding market conditions is still key.'
We encourage readers to share their experiences on our forum and engage with fellow traders.
Source Code of Supply and Demand Monster MT4
It's important to note that the true source code of the original Supply and Demand Monster MT4 robot sold on MQL5 is not available to the public. However, based on the detailed description provided on the MQL5 marketplace, our team at EASY Trading Team has developed a script that mimics the functionality of the original robot. This version is not intended for sale but serves as an educational tool for those interested in understanding how such algorithms operate.
Code:
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For those interested in experimenting with trading robots, you can find a detailed review and download information for Supply and Demand Monster MT4 on our website: https://forexroboteasy.com/forex-robot-review/review-supply-and-demand-monster-mt4-forex-software/. If you have any questions regarding the code we developed, feel free to ask. Remember, this is an example code created by easytradingforum.com based on the description of the Supply and Demand Monster MT4, not the original code sold on MQL5. The EASY Trading Team does not sell the Supply and Demand Monster MT4 but offers an educational tool based on its described functionality.Let’s continue to share our trading experiences and insights to grow together as a trading community.