Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I've seen my share of trading robots that promise the world but deliver little more than false hopes. Today, we delve into the intricacies of the Trailing on Last Top Bottom robot, a tool that has been rated 5 by users like Aravind Kolanupaka, who claims to love the utility and convenience. Let's see if there's any substance behind that glowing praise.Description of Functions
The Trailing on Last Top Bottom robot is designed to capitalize on market reversals by trailing stop-loss orders based on the most recent peaks and troughs. Its main features include:- Automatic placement of trailing stop-loss orders at strategic points.
- Adjustable parameters that allow users to customize their trading experience.
- Compatibility with various currency pairs and market conditions.
This robot ostensibly aims to enhance profit-taking while minimizing potential losses. Sounds great, right?
Results Analysis
Evaluating the performance of the Trailing on Last Top Bottom over the last year reveals a mixed bag. While some users have reported positive results, others have experienced drawdowns that might make one reconsider the reliability of the strategy.Based on the available statistics, it seems that the robot performs adequately during trending markets but tends to struggle in sideways conditions. This would raise a few eyebrows, as any tool that can't adapt to different market scenarios might not be worth the investment.
Pros and Cons
Let's break down the strengths and weaknesses of this robot:Pros:
- User-friendly interface, ideal for less experienced traders.
- The concept of trailing stops can protect gains effectively.
- High user rating indicates satisfaction among a portion of the traders.
Cons:
- Performance tends to vary widely with market conditions.
- Limited transparency regarding underlying algorithms.
- Reliance on external factors can lead to unexpected results.
Source Code Trailing on Last Top Bottom
It's important to note that we do not possess the original source code for the Trailing on Last Top Bottom robot sold on MQL5. However, we can create a code based on its description available on their site. This approach allows us to replicate the functionality, albeit without the original's meticulous nuances. Remember, the EASY Trading Team does not sell this robot; we merely provide a code inspired by its specifications.
Code:
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If you're curious about trying out the Trailing on Last Top Bottom robot, feel free to check out the detailed statistics available at https://forexroboteasy.com/trading-robot/trailing-on-last-top-bottom/.We encourage users to discuss their experiences with this robot on the forum and share results—after all, the community thrives on collective insights. If you have questions about the code provided by easytradingforum.com, please don’t hesitate to ask. It's based on the description of the robot from MQL5, and while we aim to be helpful, take every claim with a grain of skepticism—it's a jungle out there in the trading world.