Introduction
The AW Double Grids EA is another trading robot from the ever-popular marketplace MQL5. Trading robots are a dime a dozen, and each claims to be the key to financial freedom. So, let's delve into the functionality, performance, and user feedback of this particular EA to see if it lives up to its reputation.
Functionality Overview
AW Double Grids EA employs a strategy focused on grid trading combined with Martingale principles. Key features include:
- Multiple strategies: Capable of running multiple grid strategies simultaneously.
- Drawdown control: Implements methods to minimize drawdown.
- Customizable settings: Allows traders to tweak settings according to their risk appetite.
- Forward and Backtesting: Can be run on strategy testers for optimization.
- Supports all pairs: Versatile enough to operate on various currency pairs and CFDs.
- Detailed statistics: Comprehensive performance metrics to evaluate effectiveness.
Performance Analysis
User reviews from MQL5 provide a mixed bag ranging from high praise to cautious optimism:
- One user, apprenticepress, claims it has transformed their trading to successful levels after years of failures, attributing much of their success to another EA by the same developer.
- Joluone Onejoly offers a vague yet positive It wort more and mo and more.
- Apeder specifies that the EA is aggressive, highlighting a 10% drawdown with a $10,000 account.
- Tomkat1970 mentions its versatility across different pairs but seeks confirmation on strategy tester compatibility.
- Andrew provides a detailed account of a 72% gain with a 58% drawdown on 3,000 trades, emphasizing the importance of a global stop loss and monthly profit withdrawals.
Overall, the robot maintains a 4.56 rating on MQL5, indicating a generally favorable reception.
Pros and Cons
Pros:
- Versatile, supporting multiple currency pairs and CFDs.
- Customizable settings for personalized risk management.
- Positive user feedback highlights its profitability and support.
Cons:
- High drawdown risks as highlighted by user experiences.
- Relies heavily on Martingale principles, which can amplify losses.
- User feedback suggests the need for careful management and monitoring.
Source Code of AW Double Grids EA
We do not possess the original source code of the AW Double Grids EA sold on MQL5. However, based on descriptions available on MQL5, we could create a similar code to match its functionalities. If you're interested in understanding or recreating this algorithm, asking specific questions on code implementation would be beneficial.
Code:
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For those looking to download AW Double Grids EA, it's essential to conduct thorough research and read multiple reviews. If you have any questions about a sample code based on the EA’s description, feel free to ask on our forum easytradingforum.com. Please note that the EASY Trading Team does not sell the AW Double Grids EA, but we have created a trading robot code inspired by its official description. For detailed statistics, visit AW Double Grids EA Statistics.
In conclusion, while AW Double Grids EA offers high potential as suggested by user feedback, it is not without its risks. Always conduct your due diligence, and happy trading!