Introduction
Jackson trendlines is a trading robot that promises to capitalize on trendlines within the Forex market. Users and rating say a lot about a product, and Jackson trendlines has managed to gather a mixed bag of reviews. Let's dive into its functionalities, analyze its performance over the last year, and give an honest evaluation of its strengths and weaknesses.Description of Functions
Jackson trendlines is designed to identify and trade based on trendlines in the market. Here are its main features:- Automated Trendline Detection: The robot automatically plots trendlines on the chart.
- Entry and Exit Signals: Based on the detected trendlines, the robot generates buy and sell signals.
- Customizable Settings: Users can customize various parameters like lot size, stop loss, and take profit.
- Multi-Timeframe Analysis: The robot operates across different timeframes to validate trendlines.
- Alert System: Provides notifications for signals.
Analysis of Results
To analyze Jackson trendlines' performance over the last year, we've compiled its trading statistics and user feedback.- Profitability: The robot showed varying degrees of profitability depending on market conditions.
- Drawdowns: There were significant drawdowns, which might be a concern for conservative traders.
- Trade Frequency: It generated a moderate number of trades, keeping the balance between over-trading and under-trading.
User feedback is also critical in evaluating its performance:
The mixed reviews and a 3.33 rating paint a picture of a robot that has potential but also significant flaws.
Pros and Cons
Pros:- Automated detection of trendlines saves time for traders.
- Customizable settings allow flexibility.
- Multi-timeframe analysis enhances signal reliability.
- Useful alert system for active traders.
Cons:
- Inconsistent results and significant drawdowns.
- Repaints trendlines, making it unreliable for some users.
- Changes chart properties, which can be annoying.
- Mixed user reviews indicate it's not universally effective.
Conclusion
Jackson trendlines appears to be a trading tool with both strengths and weaknesses. While its automated trendline detection and customizable settings offer convenience, its inconsistent performance and user complaints about repainting and chart property changes are concerning. We encourage users to discuss their experiences on forums and share results for a more comprehensive evaluation.Source Code of Jackson trendlines
The true source code of the Jackson trendlines robot sold on MQL5 is not publicly available. However, based on the description provided, it is possible to create a similar trading robot. If you have any questions about the code, feel free to ask. This example code comes from easytradingforum.com and is based on the description of the Jackson trendlines robot available on MQL5. The EASY Trading Team does not sell the Jackson trendlines robot; our aim is to provide a code based on its description.
Code:
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