Introduction
Let's cut to the chase. AW BW Strategy Based MT5 is yet another trading robot on the market with a 5-star rating from a single user named jing2017. Should you be impressed? Probably not. Let's dissect this robot and see what it actually offers.Description of Features
The AW BW Strategy Based MT5 robot is designed for MetaTrader 5 and claims to use a combination of the Awesome Oscillator (AO) and Bill Williams (BW) strategy. Here's a quick rundown of the key features:- Automatic trading using AO and BW indicators
- User-defined risk management
- Adjustable parameters for optimization
- Backtesting capabilities
- Alerts and notifications
Sound familiar? It should. Most robots offer similar features, but the devil is in the details. Or in the lack thereof.
Analysis of Results
According to the detailed statistics available at Forex Robot Easy, the robot has performed reasonably well over the last year. However, we know that past performance is not indicative of future results. The robot shows steady gains with low drawdown, which, while promising, should still be taken with a grain of salt.Strengths and Weaknesses
Strengths:- User-friendly interface and easy setup
- Consistent performance as per backtests
- Customizable risk settings
- Effective use of AO and BW indicators for signal generation
Weaknesses:
- Limited user feedback - Only one review? Suspicious.
- Overreliance on specific market conditions - Good luck during a trendless market.
- Lack of transparency regarding the algorithm - What exactly is happening under the hood?
Conclusion
In summary, the AW BW Strategy Based MT5 appears to be a functional trading robot, but don't get too excited. It has some decent features and a relatively good track record for the past year, but the limited user feedback and lack of algorithm transparency are red flags.Source Code of AW BW Strategy Based MT5
We don't have the original source code for the AW BW Strategy Based MT5 robot being sold on MQL5, but we can provide a version based on the description from the MQL5 listing. If you're serious about using this strategy, you might want to tweak this code and test it extensively.
Code:
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Want to dig deeper? Download the AW BW Strategy Based MT5 and share your thoughts. Visit Forex Robot Easy and join the discussion. If you have any questions about the code we've provided, feel free to ask. Remember, our team at EASY Trading Team does not sell this robot but has created a version based on its MQL5 description.Let's see what you've got.