Introduction
So, you've stumbled upon another trading robot, AW Donchian Trend, and you're wondering whether it’s worth your time. Let's just say I've seen my fair share of trading algorithms, and I remain skeptical until proven otherwise. Interestingly, there are no reviews or ratings for this robot yet. So, consider this an open invitation to leave your own review after you’re done reading.Description of Features
The AW Donchian Trend robot primarily focuses on the Donchian Channel indicator, which tracks the highest high and lowest low over a specific period. Here are its main functions:- Automatic trading based on Donchian Channel breakouts.
- Configurable parameters like period length and risk settings.
- Trailing stops and take profit features.
- Compatibility with multiple timeframes and currency pairs.
- Supposedly intelligent entry and exit points.
Analysis of Results
The last year's performance? Interesting question. According to the detailed statistics available on this site, the robot has shown mixed results. The wins are there, but so are the losses. Not exactly shocking, but I have to admit, it's neither the best nor the worst I've seen.Pros and Cons
Pros:- Fully automated, so you can focus on other things.
- Adjustable parameters for those who like to tinker.
- Claims to work on multiple timeframes and currency pairs.
Cons:
- No reviews or ratings available, which is a red flag.
- Results over the past year are not entirely consistent.
- Dependency on a single trading indicator could limit its effectiveness.
Conclusion
The AW Donchian Trend robot has its set of features and a mixed bag of results. While it offers automation and some level of configurability, the lack of reviews and the inconsistent performance raise some eyebrows. If you're using it, share your experience. Let's get the conversation going on the forum.Source Code of AW Donchian Trend
We do not know the actual source code of the original robot sold on MQL5. However, based on the description available on the MQL5 site, we can create a similar code. If you have any questions about the code, feel free to ask. Remember, this is a sample created by easytradingforum.com based on the description of the robot, and we do not sell the AW Donchian Trend robot.
Code:
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