Introduction
Welcome, fellow traders and skeptics of the financial world. Today we're diving into the abyss of algorithmic trading, examining an alleged prodigy of a trading robot called EA meatvers. With an eye-watering rating of 4.75, the robot claims to defy the odds. But hold on! Before you jump into the bandwagon, follow me through a thorough review of this virtual trader.Description of EA meatvers' functions
According to its creators, EA meatvers is a free-to-use trading robot designed to make steady profits. It employs a Stop-loss strategy to minimize losses and can trade on a real account. It apparently doesn't use grid and martingale strategies and trades against the trend. It also increases positions continuously. However, as we all know, coding and trading are two separate beasts. Let's see how EA meatvers performs in the trading arena.Analysis of the results
Now, the individual who goes by the moniker 'kenken832' claims to make a steady profit with EA meatvers. Another user, 'ahbadr', labels it safe for use with a real account due to its reasonable profit. However, 'mianmaloka786' had the robot backfire when trading on a real account after six months of successful demo trading. 'Kankrz' also confirms this rogue behavior, stating that it constantly increases positions against the trend.In essence, EA meatvers' performance varies significantly between demo and real account trading. Hence, I can't help but question its consistency.
Pros and Cons
Pros:- Free to use
- Employs a Stop-loss strategy
- Able to trade on a real account
- Praised highly by some users
Cons:
- Potential inconsistencies between demo and real account trading
- Some users report experiencing losses instead of gains
- Increases positions against the trend
The Source Code of EA meatvers
Please note, we don't have the actual source code of the original EA meatvers that is for sale on MQL5. Instead, what we can provide is a version of the code based on the description of the bot from the MQL5 site. If you have any concerns or queries about the code, feel free to question us. Remember, it's an approximate code from easytradingforum.com based on the bot's description and not the actual product from MQL5.
Code:
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