Introduction
So, you've got your hands on the Asian Scalper trading robot and you're eager to know whether it's worth your time and money. I'll provide a no-frills analysis of this trading robot, taking into account user comments and statistical data.
Features of Asian Scalper
Asian Scalper, as the name suggests, is designed to capitalize on market movements during the Asian trading session. Here are the main features:
- Automated trading during specific hours of the Asian session.
- Utilizes scalping strategies to capture small price movements.
- Risk management settings, including stop loss and take profit.
- Compatibility with ECN accounts to reduce slippage and improve execution.
- Backtesting capabilities for evaluating performance over historical data.
Performance Analysis
Let's get down to brass tacks. The user feedback is mixed, to say the least. Here's the rundown:
carol440: Complaints about no trading activity for days—definitely not a good sign when you're paying for an active trading robot.
imWald: Running for three weeks and lost money on an ECN account—ouch.
Pakorn Thienthong, luigimacr, Andreas Peters: These users gave glowing reviews, touting profits and effective scalping.
Now, considering the overall rating is 4.2, it seems there's a bit of a split. You have some users who are experiencing less than stellar results and others who are singing its praises. It's not exactly a slam dunk case for or against it.
For a detailed performance breakdown, refer to this page.
Pros and Cons
As with any trading robot, there are upsides and downsides.
Pros:
- Automates trading, reducing emotional involvement.
- Operates during a less volatile trading session, lowering risk.
- Backtesting to validate strategies.
- Positive feedback from certain users.
Cons:
- Inconsistent performance—some users report losses.
- No trading activity reported by some users.
- Limited to Asian session, restricting potential trading opportunities.
Source Code of Asian Scalper
It's worth mentioning that the true source code of the Asian Scalper available on MQL5 is not publicly disclosed. However, if you're curious about creating a similar robot, you can find a detailed description on the MQL5 marketplace, which can give you a good starting point.
If you're up for the challenge, you can refer to the information provided on the MQL5 website and try to piece together a version of the Asian Scalper yourself. Just remember, coding a successful trading bot isn't exactly child's play.
Code:
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For those interested in diving deeper into the mechanics and effectiveness of the Asian Scalper, review the available data thoroughly before making a purchase. If you have any questions or issues with a code example based on the description, feel free to ask them. Remember, the EASY Trading Team does not sell the Asian Scalper robot but provides examples based on its description. Visit our website for more information.
Feel free to jump into the forum discussions and share your results and experiences with the robot. Only through collective scrutiny can we gauge its real effectiveness.