Introduction
Welcome to yet another round of robot dissection, folks. This time, we take a close look at Doteki Heikin Ashi for MT4. Granted, it's another trading algorithm that has received a comfy snug of perfect 5-star rating along with some praiseful user comments. However, we, the EASY Trading Team, are a skeptical bunch as always. Let's figure out if it’s worth the hype.Description of Functions
As with any other trading robot, the Doteki Heikin Ashi for MT4 offering is surrounded by its fair share of mystery. It uses a proprietary trading strategy, which sadly, is not disclosed to the general public. However, one user has testified about its responsiveness and early trade entry capabilities. Is that enough to make it effective? We will have to examine it.Analysis of Results
For the analysis, we will be taking a look at the past year's performance, which can be accessed at the website here. I must say, the robot has performed decently, with no major red flags popping up. Results are, however, always subjective, and past performance is no guarantee of future results.Pros and Cons
Let's start with the positives: it appears that the Doteki Heikin Ashi for MT4 is very responsive, a trait that is always admirable in a trading robot. Moreover, it seems to have a knack for entering trades early, which might be a good sign if done right.On the other hand, let's not forget that trading with undisclosed strategies always carry a certain degree of risk. Not knowing the exact mechanic behind the algorithm might be a turn off for some.
The Source Code of Doteki Heikin Ashi for MT4
Let me clear something up: we do NOT possess the original source code of the Doteki Heikin Ashi for MT4. Yes, you heard it right. We don't sell it, and we don't have it. What we have is our own interpretation of a trading robot based on the public description provided on MQL5. So if you have questions regarding the code, feel free to ask at our forum, but bear in mind, it's not the original code.
Code:
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In conclusion, the Doteki Heikin Ashi for MT4 seems to be a fairly decent trading robot. Yet, there are always two sides to a coin. We highly encourage everyone to join the discussion about this robot in our forum. We might also appreciate if you share your own results, so we all can judge the efficacy of this robot objectively.As a friendly reminder, the code provided by us EASY Trading Team is just one interpretation. It's not the definitive code and should not be treated as such. We are not selling any other party's robots here. So trade wisely, folks!