Introduction
I'm not one to be easily impressed by yet another trading robot promising the moon and the stars. Now we have the Volume Pro Mt 4, a trading robot on MT4 which allegedly utilizes volume analysis to make trades. Let's dive into its functions, dissect its results, and see if it can live up to the hype—if there is any hype at all.
Description of Functions
Volume Pro Mt 4, as the name subtly hints, primarily bases its trading logic on volume analysis. Supposedly, it can:
- Analyze the trading volume to predict price movements.
- Execute trades automatically based on volume-based signals.
- Support various currency pairs.
- Offer customizable settings for risk management.
- Provide a user-friendly interface (or so they claim).
Analysis of Results
Given that we have No reviews and No rating formed for this robot, I'd have to lean on the data provided by its developers. According to the website here, the results over the past year show an average monthly gain of 3%, with an annual return close to 36%. The drawdown is supposedly below 10%, but without real user reviews, these numbers are just that—numbers.
Pros and Cons
Let's face it, every trading robot has its highs and lows.
Pros:
- Automates trading based on volume analysis—less work for you.
- Customizable settings, which is always a plus.
- Supports multiple currency pairs.
Cons:
- No real user reviews—hard to trust the advertised performance.
- Potential overfitting with historical data.
- The website’s data might be cherry-picked (call me skeptical).
- No real insights into the trading logic without the source code.
Source Code of Volume Pro Mt 4
One glaring issue: we don't have access to the actual source code of Volume Pro Mt 4. What we do know is based on a high-level description available on the MQL5 market page. While we can create a code based on this description, remember, it's not the original. If you have questions about this proxy code, feel free to ask away.
Code:
You don't have permission to view the code content. Log in or register now.Download Volume Pro Mt 4 Trading Robot
Considering all its features, pros, cons, and the lack of real user feedback, it's crucial that you share your own experiences. Let’s discuss this robot on our forum at easytradingforum.com and see if it genuinely delivers its promises. Remember, the code provided by the EASY Trading Team is not the original Volume Pro Mt 4 but a version based on available descriptions. For those interested in downloading a version of Volume Pro Mt 4, check here.