Introduction
Aster, the latest forex trading robot designed for the EURCHF pair on the M5 timeframe, has been making waves—both good and bad. With a trade frequency of about two trades per week and a price tag of $299, it's essential to evaluate its performance critically. Let's dive into its features, analyze its results, and see if it's worth your time and money.Description of Features
Aster operates by opening one trade at a time, using equal stop loss and take profit levels. It calculates lot sizes dynamically based on user-defined parameters, ensuring that both beginners and experienced traders can find a comfortable risk level. The robot is optimized for an initial deposit of 100-150 USD and includes features to control the maximum allowed spread. The setup is straightforward: launch the bot on the M5 EURCHF chart, set your initial and maximum lot sizes, and you're good to go.Performance Analysis
User reviews paint a mixed picture. According to Justin The Trader, who has been using Aster for over a month, the robot has been losing most of the time. He mentions that while backtests showed promising results, the robot's performance has deteriorated since its publication. This raises questions about the robot's long-term viability and whether it has been overfitted to past data. With a rating of 2.0, it's clear that Aster has its fair share of critics.Pros and Cons
- Pros:
- Simple setup process
- Dynamic lot calculation
- Controlled trading environment
- User-defined risk parameters
- Cons:
- Poor recent performance
- Mixed user reviews
- Potential overfitting issues
- Limited advanced features
Source Code of Aster
We don't have access to the original source code of the Aster robot sold on MQL5. However, based on its description, we have created a sample code that mimics its functionalities. This code is available for free on easytradingforum.com. If you have any questions about the code, feel free to ask on our forum. Remember, the EASY Trading Team does not sell the Aster robot; we only provide a code example based on its description.
Code:
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