Introduction
The Easy Parabolic Sar trading robot promises to leverage the Parabolic SAR indicator for effective trading. But how effective is it really? Given the mixed reviews and a rating of 4.2, let's dive into its real-world performance and see if this robot is worth your time and investment.
Description of Features
The Easy Parabolic Sar robot employs the Parabolic SAR (Stop and Reverse) indicator to identify potential entry and exit points in the market. The primary features include:
- Automatic trading based on Parabolic SAR signals.
- Opening and closing orders based on trend changes.
- Configurable parameters for risk management and trading style customization.
- User-interface for easy configuration.
It sounds fancy, but let's look under the hood.
Performance Analysis For The Last Year
When evaluating trading robots, historical performance is crucial. Over the last year, the Easy Parabolic Sar showed some interesting results. Here's a summarized analysis based on available data:
- Number of Trades: Over 100 trades in a span of 8 hours, as noted by a user.
- Average Loss Per Trade: Approximately $0.34.
- Net Loss on Demo Account: Almost $5.
- Win Rate: Not explicitly provided but implied to be low given the loss.
Yeah, those aren't exactly the most inspiring figures, are they?
Strengths and Weaknesses
Strengths:
- Easy to set up and use.
- Decent user support.
- Configurable to fit different trading styles.
- Good ratings from some users, indicating potential in certain market conditions.
Weaknesses:
- High frequency of trades, which isn't always a good thing.
- Trend-following strategy that can lead to losses in a volatile market.
- Demo account performance indicates potential real-world losses.
- Mixed user reviews with some mentioning consistent losses.
Source Code of Easy Parabolic Sar
Unfortunately, the original source code for Easy Parabolic Sar isn't available. However, based on the description from the MQL5 website, we can approximate its functionality. While it's not an exact replica, it's a close enough approximation for those interested in experimenting or understanding the logic.
Code:
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For those intrigued and wanting to test the waters, visit this link. If you have any questions about the code, feel free to ask. Note that this is an example of a code from easytradingforum.com, based on the description of the robot sold on MQL5. The EASY Trading Team does not sell the Easy Parabolic Sar, only creates codes based on its description.
In conclusion, the Easy Parabolic Sar trading robot has its merits but also significant drawbacks. Its mixed reviews and inconsistent performance suggest it may not be the holy grail of trading bots. If you decide to give it a shot, do so cautiously and in demo mode first. And, of course, share your experiences on the forum!