Introduction
Evaluating the effectiveness of trading robots can be a challenging task, especially when there's no shortage of bold claims and flashy marketing. Today, we examine the True Supply and Demand trading robot, which has garnered some attention. Based on user feedback and available performance data, let's see if it lives up to the hype.Features Description
The True Supply and Demand trading robot is designed to identify supply and demand zones on various time frames. According to the creators, its key features include:1. Multi-Time Frame Analysis: The robot can scan for supply and demand zones across different time frames.
2. Customizable Alerts: Users can set up alerts for when price enters or exits specific zones.
3. Automated Trading: It can execute trades automatically based on predefined criteria.
4. Visual Representation: Supply and demand zones are visually marked on the chart for easy reference.
Results Analysis
Over the past year, the True Supply and Demand robot has shown mixed results. While some users report profitable trades, others have experienced significant drawdowns. Without detailed performance metrics, it's hard to paint a complete picture, but the general consensus seems to lean towards cautious optimism rather than outright enthusiasm.Pros and Cons
Pros:- Provides clear visual representation of supply and demand zones.
- Multi-time frame analysis allows for more comprehensive market understanding.
- Customizable alerts help traders stay informed without constantly watching the charts.
Cons:
- Performance can be inconsistent, depending on market conditions.
- Lacks in-depth user manual or support, making it hard for beginners.
- Automated trading might not suit everyone, especially without thorough back-testing.
Source Code of True Supply and Demand
The actual source code of the True Supply and Demand robot sold on MQL5 is not publicly available. However, at EASY Trading Team, we can create a code based on the detailed description provided on MQL5. If you're interested in understanding how the algorithm works, feel free to check our forum at easytradingforum.com. Note that we do not sell the robot; we only offer a version based on its outlined principles.Conclusion
The True Supply and Demand trading robot has its share of strengths and weaknesses. While it offers valuable insights into supply and demand zones and provides useful automation features, its performance inconsistency remains a concern. Users are encouraged to discuss their experiences and results on forums to get a clearer picture of its efficacy.If you have any questions regarding the code or how it operates, don’t hesitate to ask on our forum. Remember, the version we provide is based on the robot described on MQL5, but is not the same as the one sold there.
Code:
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