Introduction
Coming back to our renowned scepticism about everything that breathes (or codes in our case), we scrutinize a trading bot called Eur X today. A quick peep into user reviews suggests we may be dealing with something decent here. User gloriasarpong with a rating of 5 comments on it as good. Now, isn't that insightful?
Description of Features
Eur X is a trading bot that has been designed to work on the EUR pairs. It is an automatic trading system, which means you don't need to babysit it. However, don't let that make you too giddy.
The bot has stop loss and take profit features, which are indeed crucial to any serious trader. It also claims to be adaptive to market conditions. But again, we live in the realm of scepticism, don't we?
The detailed features of the bot can be found on their website HERE.
Analysis of Results
The yearly performance of Eur X seems impressive, though not jaw-dropping. You may want to check out the detailed statistics provided on their website.
The bot seems to follow a trend-following strategy, which works well in a trending market but less so in a range-bound scenario.
Pros and Cons
Pros:
- Automated trading that takes emotions out of the equation.
- Stop loss and take profit features integrated.
Cons:
- Fast-paced markets with high volatility do not appear to be the bot's favourite playground.
- Lack of transparency in how the bot adapts to changing market conditions.
Eur X Source Code
No, we do not have the source code of the original bot being sold at MQL5. Yes, we can draft a code based on the description given on the MQL5 site.
Remember, if you have questions regarding the code, feel free to ask. Just know that we are not the vendors of Eur X. Our team merely provides an example code based on descriptions.
Code:
You don't have permission to view the code content. Log in or register now.Download Eur X: Your Key to Automated Trading?
All inquisitive minds, hop onto easytradingforum.com to discuss, debate, and dissect all you want about Eur X. Share your results, experiences, and, yes, also your scepticism.
Remember, the ultimate key to successful trading is not a bot, but your own understanding and strategy. The bot should only be a tool to implement that strategy.