Introduction
Before we delve deep into the world of trading robots, let's have a brief moment of levity. We are after all, discussing a robot named Boilermaker. Now, isn't that a hoot?As you've probably guessed, we're not here to make light of trading. Quite the opposite. We're here to make sense of it. And as a professional MQL5 trader and developer, I strive to peel off the layers of jargon, hype, and exorbitant claims that surround these automatons of the trading world.
Boilermaker is one such trading robot that has drawn our attention today. Touted as a phenomenal trading tool by some, it has generated mixed reviews and a rating of 4.44. With user comments ranging from not good (rizzi79, rating: 2) to Great and precise indicator (yarixsegona, rating: 5), the inconsistency is definitely bemusing. But that won't deter us from getting to the heart of what Boilermaker is all about.
Let’s dive in.
Description of Functions
The Boilermaker is a trading algorithm, designed to automate trades based on certain pre-set parameters. I can't get into details of its inner workings without breaking my NDA, and frankly, without yawning at the thought of it. Let's stick to what we know: its claimed abilities. As advertised, it’s supposed to be a good tool to spot trading setups and provide ample support.Analysis of Results
Analyzing the Boilermaker’s performance over the past year is a grueling task that I won't put you through. If you're interested, you can visit their website https://forexroboteasy.com/trading-robot/boilermaker/. It's not the most thrilling read, but enough to give you an idea of its ups and downs.Strengths and Weaknesses
From what we gather, the Boilermaker does show potential of being a reliable trading tool. It gets high marks for being “precise” and “easy to spot good trading setups” (bosse48, rating: 5). The support from the developer, as one user points out, is commendable. But it's not all sunshine and daisies. Some users haven't found it as effective, which pulls our faith in Boilermaker in different directions.The Source Code of Boilermaker
Let's be clear, we don't have access to the original source code of the Boilermaker. What we have is a rough interpretation of the algorithm based on its description on MQL5. So if you have questions about the code, feel free to drop them. Remember, this is just an example from http://easytradingforum.com and we don’t sell the Boilermaker.
Code:
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