Supply and demand

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Apr 15, 2024
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Introduction​

Alright, folks, let's cut to the chase. You're here because you're curious about the Supply and Demand trading robot. Does it work? Is it reliable? Can it really make you money? Well, buckle up, because we're going to dissect this bad boy, bit by bit, with a dash of skepticism and a sprinkle of sarcasm. Oh, and we've got a glowing review from a user named Artem1997artem, who, unsurprisingly, rated it a perfect 5. Classic.

Installation and Setup​

So, you’ve taken the plunge and decided to try out the Supply and Demand trading robot. Here's how you can install and set up this piece of genius.

  • Download the Robot: Head over to Forex Robot Easy and get your hands on the robot. Make sure you’ve read the description, even though we all know you’ll probably skip it.
  • Install on MT5: Open your MetaTrader 5 platform, navigate to File > Open Data Folder, and then drop the robot file into the Experts folder.
  • Activate the Robot: Restart MetaTrader 5, go to the Navigator panel, find your robot under Expert Advisors, and drag it onto your chart.
  • Configure Settings: Set your risk parameters, lot size, and any other preferences from the robot's settings menu. Don't worry, you can tweak these settings as you go.

Easy enough? Yeah, we'll see.

Experience of Use​

In the spirit of transparency, I’ve put this robot through its paces. Here's the lowdown:

- Pros: The robot is pretty good at identifying supply and demand zones, I'll give it that. It's also user-friendly, so even your grandma could probably figure it out.
- Cons: While the robot does identify zones, it doesn't always make the most profitable decisions. And let's be real, you're likely to experience some drawdowns. But hey, who doesn't love a bit of risk?

The statistics and performance data are available at Forex Robot Easy. Check it out if you’re into numbers and spreadsheets.

Tips for Improving Performance​

Ah, improvement. The never-ending quest. Here are some tips to get the most out of the Supply and Demand robot:

  • Manual Intervention: Don't rely on the robot alone. Keep an eye on the trades and manually intervene if necessary.
  • Backtesting: Run extensive backtests to understand how the robot performs under different market conditions.
  • Adjust Settings: Ensure that your risk management settings align with your trading strategy. Tweak lot sizes and stop-loss parameters as needed.
  • Stay Updated: Keep an eye out for updates and tweaks from the developers. Sometimes, they actually do make things better.

Source Code of Supply and Demand​

Let's clear something up. The original source code for the Supply and Demand robot is locked up tighter than Fort Knox. We don't have it, and frankly, we're not losing sleep over it. However, based on the algorithm description from MQL5, we’ve cooked up an example code that mimics its functionality.

If you have questions about the code, feel free to ask. Remember, this is just an example from easytradingforum.com, and the team is not selling the original robot. We simply created a version based on what we know.

Code:
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Download Supply and Demand Robot for MT5​

If you're still eager to try your luck with the Supply and Demand robot, go ahead and download it from Forex Robot Easy.

So, there you have it. A no-nonsense guide to the Supply and Demand robot. Feel free to dive in, but as always, tread carefully. It's a jungle out there.