Introduction
So, you’re interested in the CAP Ichimoku EA Pro MT5. Another trading robot, another claim to make you rich, right? Let's break this down and see if there's more to it than meets the eye.
Description of Functions
CAP Ichimoku EA Pro MT5 is an Expert Advisor based on the Ichimoku Kinko Hyo indicator. Yeah, another one of those. The key functions of this robot include:
- Trading based on the Ichimoku Kinko Hyo indicator.
- Automatic lot sizing based on account balance.
- Fully customizable trading parameters.
- Includes multiple exit strategies and stop-loss settings.
- Capability to trade multiple currency pairs.
Not exactly earth-shattering, but let’s keep an open mind, shall we?
Analysis of Results
Let’s delve into its performance over the last year. According to the available statistics on Forex Robot Easy, the CAP Ichimoku EA Pro MT5 has shown moderate success. We have a user, 'RKZINGADE,' giving it a solid 4-star rating with the rather enlightening comment: “EA is good.” Groundbreaking review, RKZINGADE, thanks for that.
Here’s the kicker: while the historical data shows consistent performance, the robot hasn’t exactly set the trading world on fire. Small, steady profits, but nothing that screams buy me now.
Pros and Cons
So, what’s good and bad about this robot? Let’s break it down.
Pros:
- Easy to set up and user-friendly.
- Fully customizable settings.
- Stable performance with controlled risk.
- Supports multiple currency pairs.
Cons:
- Performance is moderate, not exceptional.
- Heavily reliant on Ichimoku, which may not suit all market conditions.
- Lacks robust long-term data to assure potential buyers.
Source Code for CAP Ichimoku EA Pro MT5
Here’s a fun fact: we don’t have access to the original source code of CAP Ichimoku EA Pro MT5 that’s up for sale on MQL5. However, it's not rocket science to craft a similar algorithm based on the description provided. If you’re seriously into coding, why not share your version on forums like easytradingforum.com?
Code:
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Considering all the highs and lows, CAP Ichimoku EA Pro MT5 is decent but not spectacular. If you’re using it, or if you think you can improve it, join the conversation on trading forums and share your results. Got questions about coding this EA? Feel free to ask.
Remember, the EASY Trading Team doesn’t sell this robot; we’ve merely thrown together an example code based on its description. Have fun trading, and keep those expectations in check.