Introduction
So, you stumbled upon John Carters TTM Squeeze with MACD trading robot, eh? Being a professional trader and programmer, it's my job to break down this algorithm to its nuts and bolts. Based on your comments and a 4.5 rating, let's dive in and see if this bot is worth its salt.Description of Functions
John Carters TTM Squeeze with MACD, as the name suggests, blends two popular trading indicators – TTM Squeeze and MACD. Here's the rundown of its main features:- Combines momentum and volatility for trade signals.
- Uses TTM Squeeze to identify periods of low volatility, followed by large price moves.
- Incorporates MACD to verify the direction and strength of the move.
- Settings are customizable, to fit various trading styles.
- Compatible with multiple timeframes and currency pairs.
Sounds fancy, right? Sure, but let's not get ahead of ourselves.
Analysis of Results
Now, let's talk about the results. Over the last year, this robot has been performing decently, but let's peel back the layers.Detailed statistics show that it has a steady win rate, albeit with periods of drawdowns that could make a novice trader lose sleep. It’s driven some solid profits, but it’s not exactly a goldmine.
Comments are mixed too:
- sagor23 – “super” (5 stars)
- hoang2309 – “hi. it not work free now?” (4 stars)
- wilsonpinheiro88 – “Olhando as movimentações no M2 com as médias 26 e 13 exponencial, tem funcionado muito bem.” (3 stars)
Seems like there's some love for it, but the enthusiasm isn't overwhelming.
Pros and Cons
Let's break it down:Pros:
- Combines TTM Squeeze and MACD, offering more robust signals.
- Customizable settings.
- Multi-timeframe and multi-pair compatibility.
- Good user feedback with a 4.5 rating.
Cons:
- Not free – clearly a pain point for some users.
- Periods of drawdown.
- Performance varies across different market conditions.
Conclusion
John Carters TTM Squeeze with MACD isn't a bad bot by any means, but it's not the holy grail either. It's reliable and configurable, but buyer beware – no robot is ever completely risk-free. If you’re using it or considering it, join the discussion on forums to share your experiences and get tips from fellow traders.John Carters TTM Squeeze with MACD Source Code
Now, about the source code. The original robot's code, sold on MQL5, isn’t available to us. However, we can create a similar bot based on the detailed description provided here.If you have questions about the code, let us know. Remember, this is an example code by easytradingforum.com, inspired by the John Carters TTM Squeeze with MACD sold on MQL5. We're not selling this robot; we’ve just crafted our version based on public descriptions.
Code:
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