Introduction
Ah, Breakout Box, an automated trading robot that claims to make your trading life easier. The ratings are decent, a solid 4.33 out of 5, based on user feedbacks. It has been praised as excellent and a good tool. However, let's not jump to conclusions, after all, we're professionals here, we don't get swayed by mere ratings, right?Breakout Box's Features
Breakout Box, as the name suggests, is designed to identify breakout levels from previous high and low prices. It allegedly takes advantage of the price movements that occur after these levels are breached. It sounds interesting, but then again, so do many other trading algorithms out there.Analysis of Results
The results over the past year have been, well, they've been satisfactory. It's not mind-blowing, but it's not a complete disaster either. If you're someone who prefers a steady pace over a roller-coaster ride, then you might find this appealing. But don't forget, past performance is no guarantee of future results.Pros and Cons
The main strength of this robot is its simplicity. It doesn't clutter your trading platform with unnecessary indicators, it simply aims to identify the breakout levels, and that's it. On the downside, its simplicity may also be its downfall. It doesn't factor in other important market aspects such as news events, market sentiment or volatility, which could lead to false breakouts.Source Code of the Breakout Box
We don't have the actual source code of the original robot that's being sold on MQL5. What we have is a code built around its description. It's like painting a picture of a landscape you've never seen, based on someone else's description. But hey, it's still a pretty decent picture, if I do say so myself.If you have any questions about the code, feel free to ask. Just keep in mind that this is a code sample from easytradingforum.com based on the robot's description and not the actual Breakout Box robot being sold on MQL5.
Code:
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In conclusion, Breakout Box seems like a decent tool for those who prefer simplicity over complexity. It's not going to blow your mind, but it's not going to make you want to pull your hair out either.Let's keep the discussion going over at the forum. Share your experiences, thoughts, and results with the Breakout Box. After all, the best way to judge a tool is by the number of satisfied users, not just one's own opinions.
Remember, EASY Trading Team does not sell the Breakout Box robot. We only provide a sample code based on its description. Basically, we're just here to make your trading life a tad bit easier.