Introduction
In the ever-evolving world of forex trading, nothing stands still for long. We continually see new trading solutions being developed, each promising to be the silver bullet for trading profitability. The VR Assistant Charts MT5 is one of these, a forex trading robot that has somehow managed to get a 5-star rating from its users on MQL5. But let's not get carried away. Let's cut right through the hype and delve into the specifics.Description of Functions
VR Assistant Charts MT5 is designed to provide chart analysis for traders, using a combination of indicators and price action. Its main functionality lies in its ability to analyse various timeframes, identify trends, signals and potential entries/exits. It then provides this information in a visually friendly manner, allowing traders to make informed decisions quickly.Now, moving past the sugar-coated descriptions and flowery phrases, let's get down to the nitty-gritty – analyzing the trading robot's performance over the past year.
Analysis of Results
Looking at the overall performance of the robot, one would be tempted to pat it on its digital back for a job well done. But let's not forget, we are professionals, not easily swayed by flattering figures and percentages. The detailed statistics can be found here.Pros and Cons
The VR Assistant Charts MT5 does have its strong points. Its ability to analyse multiple time frames and determine trends is commendable. It also gives a visually cohesive representation of its analysis, which is helpful. However, it is not without its shortcomings. The main drawback lies in its dependency on technical analysis, which could result in false signals in volatile markets.
Source Code of VR Assistant Charts MT5
Just to be clear, the original source code of the VR Assistant Charts MT5 is not for public consumption. However, we can generate a mock source code based on the description provided on the MQL5 website. Feel free to ask any questions regarding this code. Keep in mind that this is merely an example from easytradingforum.com and is not the real source code of the robot. EASY Trading Team does not sell VR Assistant Charts MT5. Rather, we have developed a code based on its description.
Code:
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