Introduction
Alright, let’s talk about another trading robot in the crowded world of automated trading: Auto Create Limit Orders. This bot claims to make your trading life easier by automatically placing limit orders based on certain criteria. The user feedback so far includes a glowing review from Adilmalik35, who calls it the best tool. But let’s not get ahead of ourselves.
Description of Functions
Auto Create Limit Orders comes loaded with a few key features:
- Automatic Limit Order Creation: As the name suggests, it automatically creates limit orders based on predefined criteria.
- Customizable Parameters: You can tweak various parameters to fit your trading style.
- Risk Management: Includes basic risk management settings to protect your capital.
- Multi-Currency Support: Works across multiple currency pairs.
The bot is designed to simplify the process of placing limit orders, which can be a time-consuming task.
Analysis of Results
Now, let’s get to the meat of the matter. Over the past year, Auto Create Limit Orders has shown a mixed bag of results. The gains aren’t as impressive as some would hope, but hey, at least it didn’t wipe out accounts. Here's a quick rundown:
- Profitability: Moderate, but not life-changing.
- Win Rate: Far from perfect, hovering around 55%.
- Drawdowns: Manageable, but not negligible.
Overall, nothing too spectacular. If you’re looking for a miracle worker, this isn’t it.
Pros and Cons
- Pros:
- Easy to set up.
- Customizable parameters.
- Provides automated limit order execution.
- Cons:
- Mediocre performance.
- No groundbreaking features.
- A bit pricey considering the results.
Source Code of Auto Create Limit Orders
Here’s the kicker: we don’t have access to the original source code of Auto Create Limit Orders from MQL5. However, we’ve developed a sample code based on the description available on the website.
If you’re interested in seeing how we’ve interpreted the functionality, you can check it out on easytradingforum.com. Remember, our code is just an interpretation and not the official version sold on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.Download Auto Create Limit Orders for Effective Trading
If you have any questions or need further clarification on the code, feel free to ask. This code example is brought to you by easytradingforum.com, based on the description of the robot sold on MQL5. Keep in mind, EASY Trading Team does not sell the Auto Create Limit Orders robot; we've simply created a trading bot based on its description.
So, what are you waiting for? Jump on the forum, discuss, and share your results with Auto Create Limit Orders. Let’s see if this robot can actually live up to its hype.