The MultiTrader Expert Advisor for MetaTrader5 platform is a multi-purpose trading utility. It gives the user an enormous amount of information within the dashboard that they can use to take trades. Plus, the program provides alerts to inform the user of an available trading opportunity in different symbols. Meanwhile, the user can use the provided information or the alerts to enter trades or he can use his own analysis and then use the tool to execute the trades. As the dashboard encompasses the eight major currencies in the foreign exchange market (AUD, CAD, CHF, EUR, GBP, JPY, NZD, and USD), the user does not need to open another chart window to trade any one of the 28 major pairs.
Since the expert advisor is a tool for manual trading, it is not possible to use it in back testing. Even if the user attempts to run the robot in the strategy tester, no trades will be executed in the current symbol. While the robot does not execute trades on its own, it rightfully belongs to the category of expert advisor nonetheless. While an indicator can perform the numerous calculations to display information on the dashboard, it cannot execute trades on the client terminal. On the other hand, a script only runs once and then disappears after it performs its intended functions. The only way to test the effectiveness of this expert advisor is to use it in demo trading. The user can try taking the trades suggested by the alerts and see for himself if the signals are reliable.