Introduction
We are used to seeing a surge of trading robots in the market, each promising high returns. Let's play along and consider one of them, a trading robot called The art of Forex MT5. Apparently, some users find it impressive, and it has even secured a rating of 4.5. However, it's far from a surprise to a team like us. We're about to dissect this trading robot and determine if it's genuinely as impressive as users claim it to be. So, buckle up for a rollercoaster ride of trading robot analysis.Description of Features
The art of Forex MT5 is an algorithmic trading system designed to work on the MetaTrader 5 platform. The primary job of this robot is to execute trades based on its built-in algorithms after analyzing market trends and factors. It supposedly uses an advanced risk management system to minimize losses and ensure profitability. However, I must remind you that without inside knowledge, it's merely a hearsay.Analysis of Results
According to the data available on the website, the performance over the last year seems to be fairly good. But keep in mind, past performance is not indicative of future results. The robot might have performed well in the backtesting or even in a specific period, but it doesn't guarantee anything for the upcoming trades.Pros and Cons
The plus points of The art of Forex MT5, as users claim, are good support and supposedly excellent price performance. But remember, these are subjective observations. What one user finds great, another might find just average or worse.The negatives, well, that's a pretty long list. As a seasoned trader and programmer, the lack of transparency is worrying. We really don't have any clue about the strategies employed by the robot or any detailed description of how its algorithms work.
Source Code of The art of Forex MT5
One important aspect of this discussion is the source code of The art of Forex MT5. Unfortunately, we don’t know the original source code, as it is not disclosed by the developer. However, we form our own code based on the robot's description on MQL5.Remember, this is just a sample code from easytradingforum.com based on the description of the robot. Our team, EASY Trading Team, is not involved in any way with the selling or developing of The art of Forex MT5.
Code:
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