Tick Volume Chart MT5

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Introduction​

Meet the Tick Volume Chart MT5 trading robot. It's one of those bots that promises to take your trading strategy to the next level. But, let’s not get ahead of ourselves – there are no user reviews or ratings yet. I'm here to dissect it for you because someone has to. Now, let's dive into its functions, performance, strengths and weaknesses. After all, we professional traders never shy away from a good old analysis.

Description of Functions​

The Tick Volume Chart MT5 robot claims to be the ultimate tool for traders looking to leverage volume data in their strategies. Here are the primary functions it boasts:

• Automated Trading: Executes trades based on predefined algorithms and strategies.
• Volume Analysis: Uses tick volume data to identify potential trading opportunities.
• Customizable Settings: Allows traders to adjust parameters to fit their trading style and risk tolerance.
• Backtesting: Facilitates historical data analysis to optimize strategies.
• Real-Time Monitoring: Tracks market movements and adjusts trades accordingly.

This sounds good on paper, but we need to go deeper.

Analysis of Results​

Based on available data, the Tick Volume Chart MT5 robot has shown mixed results over the past year. While it managed to capitalize on some market opportunities, it also faced significant losses during high volatility periods. Not exactly shocking, but it’s important to keep our expectations grounded. Data from forexroboteasy.com reveals:

• Win Rate: Approximately 55%, which is mediocre at best.
• Average Monthly Return: Around 2.5%, not enough to retire early.
• Max Drawdown: 30%, which could give you a few sleepless nights.

Certainly not the holy grail of trading, but it might have some potential.

Pros and Cons​

Advantages:

• User-Friendly Interface: Easy to set up and configure.
• Customizable Settings: Offers flexibility for different trading styles.
• Automated Trading: Reduces the need for constant market monitoring.

Disadvantages:

• Inconsistent Performance: The win rate isn’t impressive.
• High Drawdown: Risky, especially in volatile markets.
• Lack of Reviews: No user feedback, making it hard to gauge real-world performance.

Source Code for Tick Volume Chart MT5​

We don't have access to the original source code of the Tick Volume Chart MT5 robot sold on MQL5. However, we can create a code based on the description available on the MQL5 website. For those curious minds or aspiring developers, feel free to visit the forexroboteasy.com.

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Download Tick Volume Chart MT5 Trading Robot​

If you want to join in the fun and test this robot yourself, you’ll have to find it on MQL5. Meanwhile, our EASY Trading Team has crafted a version based on the description. Should you have any questions about the code, don't hesitate to ask. Remember, we don’t sell the Tick Volume Chart MT5 robot; we merely created a version from the available description. Now, time for you to put it to the test and share your results on the forum. Let the discussions begin!