Introduction
Pardon me for not bubbling over with enthusiasm, but we're here to discuss the trading robot HeikenashiSMA, a name that for some might inspire hope of limitless riches and for the rest of us, a skeptical eyebrow raise. A trading robot, for those blissfully unaware, is essentially a program that executes trades automatically based on a pre-set strategy. For this particular piece of software, the reviews are as sparse as hens' teeth with a conspicuous absence of ratings. So, in an exercise of quasi-heroic bravery, we're about to dissect this enigmatic machine and invite your valuable feedback.Description of Functions
As we venture into the bowels of HeikenashiSMA, let's get acquainted with its functions. This bot combines the Heiken Ashi and Moving Average indicators to generate signals for potential trades. It's an algorithm with 'innovative' risk management that stops trades at a pre-determined loss level. It also has the facility to close trades at specific profit levels to secure gains. Oh, and before you ask, it does promise a ton of customizable parameters for those who enjoy fiddling around with settings.Analysis of Results
Okay, let's shed some light on this bot's performance. Well, over the past year, it appears to have displayed a reasonably steady performance, with a moderate drawdown level. The profit factor, however, is not as high as one might hope, which means that the bot is not churning profits left and right. But let's not get all negative here, it's only fair to mention that this bot has managed a decent number of consecutive wins.Pros and Cons
Every bot has its strengths and weaknesses, and HeikenashiSMA is no exception. Its use of the Heiken Ashi technique to visualize market trends can be considered a plus, giving traders a simple and efficient way of following the market. The bot's risk management strategy is another potential strength.However, its lack of a robust profit factor could be a deal-breaker for some. Plus, public opinion, as reflected by the lack of reviews and ratings, is quite frankly, disconcerting.
The Source Code of HeikenashiSMA
Hold your horses, we do not have the actual source code of the original HeikenashiSMA bot that's up for sale on MQL5. What we can do is provide a rendition of the code, extrapolated from what is described on the MQL5 website. This way, you can craft your own interpretation of this bot, knowing full well that this is not the real MQL5-endorsed product but a code sample from your friendly neighborhood easytradingforum.com.
Code:
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Have we whetted your curiosity? If so, be bold and grab yourself a version of this bot from the link. Test it out, experience it, and let us know what you think about it on our forum. Don't be shy to pepper us with questions regarding the code, we're here to help. Remember, this is a community effort from the EASY Trading Team, and we are not selling the HeikenashiSMA bot, merely dissecting it for the benefit of inquisitive minds like yours.Your experience and feedback matter! So, head to forexroboteasy.com and let's start unraveling this mystery together.