Introduction
Let's take a closer look at a so-called trading marvel, the Extreme Exhaustion Levels for Turning Points bot. Rated at a neat 4.8 in reviews, it's raising a few eyebrows and turning heads. But let's cut through the noise and delve into the nitty-gritty.Function Description
The trading bot claims to identify extreme exhaustion levels in the market, presumably prime times to go against the trend. It has settings that can be tweaked, which suggests a flexible backtesting opportunity.Beware, however, as user gnanos123 warned, it's an average indicator. Be careful not to be seduced by the hype, folks.
Analysis of Results
Examine our professional analysis of its performance over the past year, available here. As we see there, do pay heed to babypipskid's feedback, it's repaints very badly and keep drawing new signals on new candles even and arrow disappear over night.Pros and Cons
Its strongest suit, according to DTE81183, is that it's Very accurate & combined with supply & demand blocks makes for some great trades. It seems to show prowess in certain market conditions; however, your mileage may vary.Weakness lies in the bot's tendency to repaint, altering its track record. Plus, as pointed out earlier, it's not all it's cracked up to be on indices and commodities.
Source Code of Extreme Exhaustion Levels for Turning Points
Now, we don't have the concrete source code of the original Extreme Exhaustion Levels for Turning Points robot sold on MQL5, but we can create a code based on its description on MQL5. Remember, we don't sell the robot, we just delve into its workings.
Code:
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