Introduction
MiloBot PRO MT5, a trading robot developed by Sergey Ermolov, claims to offer an advanced algorithmic strategy designed to deliver stable monthly profits. With a rating of 5 and positive user feedback, it certainly piques interest. But let's not get carried away. We'll dissect its features, analyze its performance, and see if it lives up to the hype.Description of Features
MiloBot PRO MT5 boasts several key features:- Advanced algorithmic strategy using proprietary indicators to identify market turning points.
- Three distinct profit-making strategies executed sequentially.
- Automated trade execution with parameters for adjusting the initial order lot based on deposit size.
- Dynamic risk management tools, including trailing stops and drawdown control.
- Robust error handling and logging mechanisms.
Performance Analysis
User reviews paint a mixed picture. chpolitis finds the bot too conservative, with a small drawdown of about 25% and limited lot size options. cazz223 advises starting small and letting the EA run, noting its ability to generate profits from trading and rebates. watju reports a 28% gain since May 2023 and praises the stable drawdown and quick support from Sergey.So, the robot seems to perform well in terms of stability and support, but its conservative nature might not suit everyone. The claimed annual interest rate of 103% and an average of 181 transactions per month with a 68% success rate are impressive, but let's not forget that past performance is not indicative of future results.
Pros and Cons
- Pros:
- Stable drawdown
- Advanced algorithmic strategy
- Good user support
- Dynamic risk management tools - Cons:
- Conservative trading approach
- Limited lot size options
- Performance may vary based on market conditions
Conclusion
MiloBot PRO MT5 offers a robust trading solution with advanced features and stable performance. However, its conservative nature and limited lot size options might not appeal to all traders. As always, it's crucial to conduct your own due diligence and consider using a demo account before committing real money.Source Code of MiloBot PRO MT5
We don't have access to the original source code of MiloBot PRO MT5 sold on MQL5, but we can create a code based on its description. If you have any questions about the code, feel free to ask. This is an example code from easytradingforum.com, based on the description of the robot sold on MQL5. Note that the EASY Trading Team does not sell MiloBot PRO MT5; we only created a trading robot code based on its description.
Code:
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