Introduction
Supply and Demand Order Blocks indeed seems to be causing a bit of a stir in the trading community. With a rating of 4.71 and some rather pleased users showering their praise, one might actually think we've once again stumbled upon the mystical trading unicorn everyone's been looking for. But let's not rush into things. As a skeptical coder and trader, I'm a bit like Missouri, the Show-Me State. Don't tell me how great it is, show me.Description of Functions
This trading robot is built on the concept of supply and demand order block zones. These zones, according to our dear trader friends, indicate key areas where significant buying or selling actions have taken place. The robot identifies these zones and attempts to predict price movements based on historical behavior in these specific areas. Fairly standard stuff for a trading bot, if anything.Analysis of Results
Our users are singing this robot's praises, and the numbers seem to support them. Bondzo Bondzanowski, with his succinctly enthusiastic Perfect 5*****, Enver Kurt appreciating the bot’s effectiveness and free price tag, and Adonis Monday Nwammah highlighting its superiority over other tools he used. But remember, every strategy has its drawdowns and what works for one may not always work for another.Pros and Cons
Looking at the statistics, it's clear that the bot can bring in the profits. However, no strategy, no matter how great, can guarantee success all the time. The market is a fickle beast, and even the best indicator can't tame it all the time. So, be mindful of this before making a considered trading decision.The Source Code of Supply and Demand Order Blocks
Just a friendly reminder, folks: we don't have the authentic source code of this renowned robot that's currently being sold on MQL5. But fear not, you can write your own code based on the description provided on the MQL5 website. And remember, you can always ask questions if there are any aspects you can't figure out.
Code:
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