Introduction
Honey Bee Scalping - an EA that has created its own buzz in the Forex trading world. With an average user rating of 3.67, it has attracted widespread attention. Some praise its consistent small profits whilst others cast doubt on its viability in real market conditions. As part of the EASY Trading Team, we always approach any trading algorithm with a healthy dose of skepticism. So, let's dissect this one.Description of Features
Honey Bee Scalping is promoted as a low-risk scalping robot, aiming at generating small but consistent profits. It lacks the thrill of huge wins but offers the stability many traders seek. Apart from that, this EA seems to have a problem with setting a magic number, an issue commonly pointed out by its users.Analysis of Results
As a trader, you should always know that backtesting results might not always reflect the true performance of an EA. In case of Honey Bee, it indeed shows perfect results in 99% modeling quality. However, when put under real spread and slippage simulation, the profits seem to evaporate as Wan Suryolaksono mentioned. You can check the full statistics here.Pros and Cons
- Safe and consistent profits
- Low-risk scalping strategy
- Profits might not materialize under real trading conditions
- Difficulty in setting a magic number
Source Code of Honey Bee Scalping
It's important to note that we don't have access to the original source code of this EA sold on MQL5. We can only develop our code version based on the description available on the MQL5 website.
Code:
You don't have permission to view the code content. Log in or register now.Download Honey Bee Scalping – A Low-Risk, Consistent Profit Maker?
If you still want to give Honey Bee Scalping a trial, feel free to download and test it. Any questions or issues regarding the code? Don't hesitate to ask them. Please bear in mind that this is an example code from easytradingforum.com, based on the description of the robot sold on MQL5. In the interest of full disclosure: our team at EASY Trading does not sell the Honey Bee Scalping EA. We merely provide a code based on its description.In conclusion, Honey Bee Scalping may be worth exploring if you're a trader seeking more stable, less risky returns. We always encourage users to test EA's thoroughly in live market conditions and share their results. Remember, successful trading requires more than a fancy EA; it requires strategy, discipline, and never-ending learning.