ARCA bot

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Apr 15, 2024
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Introduction​

ARCA bot is one of those trading robots you've probably heard about in the MQL5 community. With user comments ranging from high praise to outright skepticism, it's time we dive deep and separate fact from fiction about this bot.

Description of Features​

The ARCA bot claims to be a versatile trading solution, integrating several key features:
  • Automated Trading: Executes trades based on predefined algorithms.
  • Multiple Currency Support: Can trade across various currency pairs and even cryptocurrencies like Bitcoin.
  • Risk Management Tools: Includes stop losses and take profit settings to minimize risk.
  • Backtesting Capabilities: Allows users to test the bot against historical data.

Performance Analysis​

Let's analyze the ARCA bot's performance based on user feedback and available statistics:
  • Backtest Results: According to the user chrisvian62, the bot performed fairly well in backtests, giving profitable results even on a small $200 Bitcoin account.
  • Demo Performance: User 15231637 noted good performance on a demo account, but let's be real, demo results don't always translate to live trading.
  • Live Trading Performance: User sergdubov claimed impressive results on a live account, turning $10,000 into $15,300 in just 12 days with a maximum drawdown of $1,000.
Overall, the bot has a mixed bag of reviews, but with an average rating of 4.33, it's clear some users have found it beneficial.

Pros and Cons​

Pros:
  • Automates trading tasks, saving time.
  • Supports multiple currencies and crypto.
  • Incorporates risk management tools.
  • Positive user feedback for demo and live trading.

Cons:
  • Backtest results can be misleading.
  • Performance can vary widely based on market conditions.
  • Limited transparency on the algorithm's logic.

Conclusion​

The ARCA bot appears to be a decent trading tool based on user reviews and its feature set. However, as with any trading robot, it's crucial to approach with caution and conduct your own tests. The mixed reviews and varied performance suggest that while the bot has potential, it’s not without its flaws.

Source Code ARCA bot​

We do not have access to the original source code of ARCA bot sold on MQL5. However, we can create a trading robot based on its description available on the MQL5 website. If you have questions about the code, feel free to ask. Remember, our team at EASY Trading Team does not sell ARCA bot but can provide a code example based on its description.

Code: 
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Download ARCA bot for Profitable Trading​

Looking to download the ARCA bot? Visit the official site at https://forexroboteasy.com/trading-robot/arca-bot/. If you have any questions about the robot or its performance, join the discussion on our forum and share your results. This example code from easytradingforum.com is based on the description of the ARCA bot sold on MQL5.
 
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