Introduction
As an experienced trader and MQL5 programmer from the EASY Trading Team, I would like to share some real-world cases of using the trading robot True Supply and Demand. This powerful tool has been instrumental in helping traders make informed decisions based on supply and demand levels in the market. By highlighting both the successful and unsuccessful trades executed with this robot, we aim to provide a comprehensive overview and analysis. Additionally, we encourage readers to share their own experiences on our forum. Detailed statistics can be found on the official site - True Supply and Demand Forex Software Review.
Examples of Successful Trades
The True Supply and Demand robot has facilitated numerous successful trades for our users. One notable example comes from a trader who reported a significant profit by capitalizing on a major supply level identified by the robot. The robot accurately predicted a reversal, allowing the trader to enter a short position at a prime price point. The trade resulted in a 10% return within a week.
Another success story involves a user who leveraged the robot's demand level signaling to enter a long position during a market dip. The trader saw a 15% profit as the market rebounded and hit the suggested take-profit level. The robot's ability to identify robust demand zones proved crucial for this achievement.
User feedback: 'The True Supply and Demand robot has been a game-changer for my trading strategy. Its accuracy in highlighting key levels has helped me make more informed and profitable trades.' - John D.
Examples of Unsuccessful Trades
Despite its strong track record, the True Supply and Demand robot is not infallible. One trader faced a notable loss when the robot identified a supply level that eventually got breached. The trader entered a short position expecting a reversal, but the market continued its upward trend, resulting in a 5% loss.
In another instance, a user encountered a demand level that seemed promising but ultimately didn't hold. The trader entered a long position, but the market continued to drop, triggering the stop-loss and resulting in a 7% loss. This highlights that while the robot provides valuable signals, market conditions can change unpredictably.
User feedback: 'While I've had some great trades with the True Supply and Demand robot, it's important to remember that no tool is perfect. Sometimes the levels don't hold, and it's crucial to manage risk effectively.' - Sarah T.
Analysis of Reasons
The success and failure of trades using the True Supply and Demand robot can often be attributed to several factors:
- Market Volatility: High volatility can lead to rapid changes in supply and demand zones, making it challenging for any algorithm to maintain accuracy.
- External Influences: News events and economic announcements can significantly impact market movements, sometimes leading to breaches of identified levels.
- Risk Management: Effective use of stop-loss orders and proper position sizing are crucial to mitigate potential losses when trades go against predictions.
Source Code of True Supply and Demand
It's important to note that we do not have access to the original source code of the True Supply and Demand robot sold on MQL5. However, we can create a similar code based on the description provided on the MQL5 marketplace. This allows traders to understand and potentially customize the bot according to their own strategies.
For those interested in exploring the code, the EASY Trading Team has developed an example version on easytradingforum.com. This is not the exact robot but a version built on the principles described.
Code:
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For those keen to try out the True Supply and Demand robot, detailed information and download options are available on our website. Should you have any questions regarding the code, feel free to ask them on our forum. Keep in mind, the EASY Trading Team does not sell the True Supply and Demand robot; we only provide a version based on its description.
In conclusion, the True Supply and Demand robot has shown significant potential in aiding traders. However, as with any tool, it must be used with proper risk management strategies. We encourage users to share their success stories and challenges on our forum, fostering a community of learning and improvement.