Introduction
Automatic Trendline is yet another trading robot that claims to simplify your life by identifying and trading based on trendlines automatically. This piece aims to scrutinize its features, analyze its performance over the last year, and weigh its pros and cons. If you've used this robot or have feedback, feel free to leave a review.Description of Features
Automatic Trendline focuses on identifying and trading trendlines, a fundamental yet often overcomplicated aspect of technical analysis. Its primary functions include:- Automatic identification of trendlines on various timeframes.
- Entry and exit signals based on trendline interaction.
- Customizable risk management settings.
- Compatibility with multiple currency pairs.
The robot purports to handle a crucial part of technical analysis without much human intervention, but let’s see how it stacks up in practice.
Performance Analysis
Without any user reviews or ratings to go by, we’re left to analyze the results posted on the official website. Over the past year, the performance metrics indicate:- Average monthly return: 3.5%
- Maximum drawdown: 12%
- Win rate: 48%
While these stats aren't earth-shattering, they aren't terrible either. The robot seems to offer steady, albeit modest, gains with a relatively low risk profile. Still, I wouldn’t start celebrating just yet.
Pros and Cons
Pros:- Automates a tedious but essential part of technical analysis.
- Customizable settings allow for tailored risk management.
- Performs reasonably well across multiple currency pairs.
Cons:
- No user reviews or ratings available, which raises some red flags.
- Performance is relatively modest—won’t make you rich overnight.
- Subject to the usual pitfalls of automated trading (e.g., over-optimization, market shifts).
Conclusion
Automatic Trendline seems like a decent robot for those who need help with trendline trading but don’t expect miracles. Its performance metrics are solid but not spectacular. The lack of user reviews and ratings remains a concern, so buyer beware.Source Code for Automatic Trendline
We don’t have access to the original source code of the Automatic Trendline trading robot sold on MQL5. However, we can create a sample code based on its description available on MQL5. If you have any coding questions, feel free to ask. This is an example of code from easytradingforum.com based on the description of the robot being sold on MQL5. Note that the EASY Trading Team does not sell the Automatic Trendline robot; we only created this code based on its description.
Code:
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