Introduction
The Waiting Night MT5 robot is a trading algorithm that claims to optimize trading during night hours. With a rating of 3.73, opinions are divided. Some users report successful experiences while others struggle with setup issues. A detailed analysis based on user reviews and performance statistics will clarify this robot's effectiveness.Description of Functions
Waiting Night MT5 is designed to function as a scalper, focusing on short-term trades during the night. The key features include:- Automatic trading during predefined night hours.
- Utilization of various broker accounts for optimal performance.
- Scalping strategies with small take profit targets.
- Trade management with attention to market conditions.
- Compatibility with ECN brokers.
Performance Analysis
Based on user experiences over the last year, we can summarize the performance of Waiting Night MT5 as follows:- **User waxmay** encountered significant issues with getting the robot to trade, leading to frustration over a lack of support from the creator.
- **User johnsteed** conducted backtesting with a high level of tick data accuracy, highlighting the broker-sensitive nature of the robot. He eventually transitioned to live trading with mixed results, primarily affected by VPS latency.
- **User dtp2021** expressed satisfaction with the robot's performance, indicating that a non-greedy approach could yield good returns.
Overall, the robot's performance appears heavily dependent on individual user setups, broker selection, and market conditions. The inconsistency in trading activity, as noted by various users, raises questions about reliability.
Pros and Cons
**Pros:**- Potential for good returns if used correctly.
- Supports multiple broker types.
- Tries to avoid trades when market opportunities are not favorable.
**Cons:**
- Setup issues reported by users.
- Inconsistent trading activity leading to user frustration.
- Performance varies greatly between brokers.
- Lack of responsive support from the developer.
The mixed feedback clearly indicates that while some users find value in the robot, others are left dissatisfied.
Source Code of Waiting Night MT5
It's important to note that the actual source code of the original Waiting Night MT5 robot sold on MQL5 is not publicly available. However, we can create a code example based on the description provided on the MQL5 site. The team at EASY Trading Team does not sell the Waiting Night MT5 robot but has constructed a code sample inspired by its features. Users interested in coding or customizing the robot are encouraged to reach out with their questions.
Code:
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