Introduction
Well, well, well, what have we got here? Another forex trading robot, hoping to make a mark in the fiercely competitive landscape of automated trading. Legend Of Legends EA, with its lofty name and a field report filled with both laurels and thorns, presents an interesting case to consider. The product seems to be basking in a decent pool of user satisfaction with an average rating of 4.74. A glimpse at the user comments introduces us to a mixed bag of experiences, with most users actually appreciating this little bot, while others...let's just say they might not have been so lucky.Description of Functions
Legend Of Legends EA is an algorithmic Forex trading robot, designed to manage risk while propelling profit margins. Loaded with features like automated trio-strategy trading, adjustable parameters and a free indicator in the comments, this bot attempts to provide a comprehensive solution for both new and experienced traders. Despite the promise of set files provision right from the start, a notable shortfall appears to be the lack of a built-in news filter.Analysis of Results
Judging by the substantial number of positive reviews and a fairly commendable 4.74 average rating, this bot seems to have been doing its job reasonably well. However, user experiences reveal that the bot might have a tendency to engage in actions leading to margin calls and might become absobsolete after opening operations. Interestingly, one user did hint at the possibility of gaining considerable profits with low drawdown, provided the major trend is accurately known and the bot is set to work in that direction.Pros and Cons
Positives include the bot's ability to manage risk effectively, making it cost-effective for beginners. It also avails live signal right from the start and set files without the need to ask for it. A potentially profitable attribute seems to be its capacity to yield great profits with low drawdown when set to work in the direction of the major trend. However, negatives include its apparent vulnerability to crazy movements, the absence of a built-in news filter and possible margin calls due to trigger limitations.Source Code of Legend Of Legends
Ah, the mysterious source code. Contrary to the hopeful, we do not possess the original source code for the Legend Of Legends EA sold on MQL5. However, we took the liberty to develop a version of code based on the bot's description on the MQL5 website. And, needless to say, any anomalies or irregularities found in this code will be on us, not the original developers. The code can be found on our easytradingforum.com website.
Code:
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