Introduction
The trading robot under the microscope today is the AW Breakout Catcher MT5. As customary, we'll probe its functions, analyze its performance over the last year, and even give it a bit of our characteristic easytradingforum.com skepticism. In short, we're not here to be bedazzled by shiny ratings and flattering user comments, but to shed some professional light on the actual merit of this MT5 trading bot.Description of Functions
This MT5 trading robot is designed to detect and exploit breakout patterns in the forex market. Presumably, it monitors price action for sudden spikes and then executes trades based on these breakouts. A pretty standard tactic in the forex trading universe, so nothing exactly groundbreaking here. Still, execution is what matters in this game. So let's crack on.Analysis of Results
Our intrepid users have generously bestowed a perfect 5-star rating on this breakout wizard. Users like ixoi and muroh laud its quality and effectiveness. holmes2020 and zual1234, in particular, seem to be raking in profits.The caveat? We're taking their word for it. If I were a cynic, I'd point out that user reviews are hardly an objective, scientific measure of a bot's performance.
Strengths and Weaknesses
The AW Breakout Catcher MT5 appears to be performing well for our respondents. Its user-friendly interface and ability to detect profitable breakout patterns are commendable. However, its effectiveness may vary across different market conditions. Some skepticism is warranted without concrete backtesting data or a more transparent algorithm.The Source Code of AW Breakout Catcher MT5
You won't get the original source code of the Breakout Catcher MT5 from us. That's proprietary to the developers selling it on MQL5. What we can do, though, is create a similar bot based on the available description. If you're interested in that, you're welcome to ask questions about the code on our forum.Please remember, this is just an example from easytradingforum.com based on the description of the bot and not the actual code from the robot sold on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.Download AW Breakout Catcher MT5 and Test it Yourself
Rather than taking our word for it, why not give the AW Breakout Catcher MT5 a spin yourself? Grab it here and join the discussion on our forum. Remember, we all have to start somewhere, so don't be shy to ask questions or share your results.And no, we at EASY Trading Team aren't selling any trading bots, including the AW Breakout Catcher MT5. We merely provide a forum for open discussion and sharing of trading ideas.