Introduction
Well, here we are again, evaluating another masterpiece of trading automation. This time, it’s the Supply Demand Zone Pro. Sure, it's got a 5-star rating with glowing comments, but let's not get carried away just yet. I'm going to dissect this thing piece by piece, just like any other robot, and see if it lives up to the hype.Description of Functions
Supply Demand Zone Pro is designed to do exactly what its name suggests: identify supply and demand zones on your charts. According to the marketing material, it uses historical price data to pinpoint key levels where the market has shown significant buying or selling pressure. The main functions include:- Identification of supply and demand zones.
- Non-intrusive display on charts.
- Multi-timeframe analysis.
- Customizable alert settings.
- Compatibility with multiple asset classes.
It's all very neat and tidy, which makes it sound promising. But, as we all know, the devil is in the details.
Analysis of Results
Now for the fun part. Over the last year, the robot's performance has been, shall we say, intriguing. Detailed statistics are available on their website (Supply Demand Zone Pro Stats), but I'll summarize the key points:- Annual Return: 35%
- Max Drawdown: 15%
- Win Rate: 65%
- Total Trades: 120
These results are decent, but nothing to write home about. A 35% annual return is fine if you're managing risk meticulously. However, a 15% drawdown is a bit on the high side, especially for conservative traders. The win rate of 65% is solid, but it’s the total number of trades that makes me raise an eyebrow. Only 120 trades in a year? For a robot that operates on supply and demand principles, you'd expect more activity.
Pros and Cons
Alright, let’s break down the strengths and weaknesses of this robot.Pros:
- User-friendly interface.
- Accurate identification of key zones.
- Customizable alerts to suit trading styles.
- Positive user feedback.
Cons:
- Limited number of trades.
- Higher than average drawdown.
- Potential over-reliance on historical data.
Source Code of Supply Demand Zone Pro
It's always fun to talk about source code, especially when you don't have access to the original. We don't know the exact source code of Supply Demand Zone Pro sold on MQL5, but we can create a similar one based on the available description. If you're the DIY type, you might want to head over to MQL5.com and check out the details. Although EASY Trading Team doesn't sell this robot, we can certainly help you write something similar.
Code:
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Given the mixed bag of results, it's clear that Supply Demand Zone Pro has its merits but isn't without flaws. If you’re intrigued and want to see for yourself, feel free to check it out and give it a whirl. While you're at it, come join the discussion on our forum. Share your experiences, ask questions, and let's see if this robot can stand up to professional scrutiny.Remember, this article is brought to you by the EASY Trading Team. We don't sell Supply Demand Zone Pro; we simply provide an independent review and have written our own version based on the description. Feel free to ask questions or share your thoughts on easytradingforum.com.
Til next time, keep your trades tight and your expectations realistic. Cheers.