Introduction
Meet the BotAGI MT5, a trading robot that's making waves in the MQL5 community. With a user rating of 4.49, it surely piques interest. But remember, numbers can be deceptive. Let's dive deeper into what this robot brings to the table, analyze its performance, and understand its strengths and weaknesses based on user feedback and my professional skepticism.Features Description
BotAGI MT5 is designed as an automated trading solution for the MetaTrader 5 platform. Some of its key features include:- Compatibility with various financial instruments (although some users wish it was unlocked for all).
- Ease of use with minimal setup required.
- Supposedly high win rate, as per some user comments.
- No settings needed, making it user-friendly for beginners.
- Free updates, promising continuous improvement.
Performance Analysis
User reviews provide a mixed bag of feedback. Let's break it down:- 60483073 gives it a 4-star rating but wishes for more flexibility in trading different instruments.
- Reza Danandeh rates it 5-stars but complains about the unavailability of the 'set' file.
- AspidSerg is clearly not impressed, giving it a 1-star rating, stating it neither trades nor tests.
- David Vitez seems overly optimistic with a vague a beautiful day and a 5-star rating.
- Leo Goigoux provides a more grounded review, citing a $100 profit on a $300 demo account over two months and praises the no-settings feature.
It's clear that the robot has its fans and its detractors. Looking at the statistics available on Forex Robot Easy, BotAGI MT5 appears to have had a relatively stable performance over the last year. However, the lack of detailed, transparent backtesting raises questions about its long-term viability.
Pros and Cons
Pros:- User-friendly, minimal setup required.
- Free updates.
- Positive returns reported by some users.
- No complicated settings.
Cons:
- Inconsistent user feedback.
- Lacks flexibility in trading multiple instruments.
- Reported issues with certain brokers.
- Limited transparency in performance statistics.
The Code of BotAGI MT5
A significant point to note is that the original source code of BotAGI MT5, as sold on MQL5, is not publicly available. However, if you're interested, we at EASY Trading Team can provide a code based on its described functionalities. Keep in mind, it's built on the description and not the exact original code.Download BotAGI MT5 Trading Robot
If you're intrigued by the potential of BotAGI MT5 and want to give it a try, you can download it from here. Should you have any questions about the code or need support, feel free to ask on our forum. Remember, our version is a derivative based on the description provided on MQL5 and not the original BotAGI MT5 robot sold there.
Code:
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