Introduction
Welcome to this no-nonsense review of the trading robot, the Awesome ATR Indicator. As a professional trader and MQL5 programmer from the EASY Trading Team, I'm here to dissect this tool without any sugar-coating. Given that there are no reviews and no rating formed for this product, I encourage you to leave a review and help others make an informed decision.Functionality Overview
The Awesome ATR Indicator robot is purported to combine the functionalities of the Awesome Oscillator and the Average True Range (ATR). This robot aims to provide buy and sell signals based on the confluence of these two indicators. Below are the fundamental features it claims to offer:- Generates trade signals based on AO and ATR
- Automated buy and sell execution
- Adjustable trading parameters
- Risk management settings
- Backtesting capabilities
Performance Analysis Over the Last Year
Without user reviews or ratings, the analysis leans heavily on its claimed statistics and available performance metrics. According to the promotional data available on this site, the robot has shown inconsistent profitability over the past year. While it did capitalize on some market trends, its performance was marred by periodic drawdowns and inconsistent returns.Pros and Cons
Pros:- Automated execution of trades
- Combination of AO and ATR for signal generation
- Customizable parameters suited to different trading styles
Cons:
- Inconsistent performance
- No user feedback for additional validation
- High-frequency drawdowns
Source Code for Awesome ATR Indicator
We don't have the actual source code of the Awesome ATR Indicator robot sold on MQL5. However, based on its description on the MQL5 marketplace, you can create a code that mimics its functionality. Feel free to visit our forum at easytradingforum.com for an open discussion, coding tips, and further insights.
Code:
You don't have permission to view the code content. Log in or register now.Download the Awesome ATR Indicator Trading Robot
For more details and to download the Awesome ATR Indicator, visit our website at forexroboteasy.com. If you have any questions about the code, drop a message on our forum. Note that the EASY Trading Team does not sell the Awesome ATR Indicator; we only provide an indicative code based on the description from MQL5.Inviting all users to discuss and share their results on our forum could help in collectively understanding the robot's strengths and weaknesses better.