Introduction
It's not every day that a trading robot captures the attention of traders with a perfect five-star rating. Yet, here we are, staring at Long Waiting, a piece of code that's got everyone buzzing. Is it really worth the hype? Let's find out.
Function Description
Long Waiting, as the name implies, seems to be a patient hunter in the volatile markets. According to the commentary from Trade Smarts, the robot is versatile enough for trading market volatility, including CFDs on indices and stocks. Here’s a rundown of its key features:
- Supports trading on MetaTrader 5 (MT5), providing the flexibility to trade various instruments like indices and stocks.
- Monitors market volatility to find optimal trading opportunities.
- Employs a set of algorithms to time the entry and exit points in the market.
- Is designed to handle different market conditions, aiming to minimize risks and maximize profits.
Performance Analysis
Looking at the last year’s performance data available on Forex Robot Easy, Long Waiting has shown promising results. The robot has consistently outperformed many other strategies, with a steady upward equity curve and minimal drawdowns.
However, one year isn't exactly a reliable timeframe to judge long-term performance. Market conditions change, and a year is too short to declare any strategy a winner. So, while the results are promising, take them with a grain of salt.
Strengths and Weaknesses
Strengths:
- Adaptable to different market conditions.
- Supports a wide range of trading instruments.
- Designed to minimize risks with calculated entries and exits.
Weaknesses:
- Short performance record – one year isn't enough to guarantee long-term success.
- No information on the underlying algorithm, making it a black box for most traders.
- Market conditions can change, making past performance no guarantee of future results.
Source Code of Long Waiting
Unfortunately, the original Long Waiting robot sold on MQL5 remains a black box. The code isn’t available for public scrutiny, which naturally raises some eyebrows. However, at EASY Trading Team, we’ve developed an example code based on the descriptions available on MQL5.
If you have questions about the code, feel free to ask. This example code is provided by easytradingforum.com, based on the description of the Long Waiting robot available on MQL5. Please note that we do not sell the Long Waiting robot; we only provide a replica based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download Long Waiting Trading Robot Example
Ready to give Long Waiting a test run? Download our example code based on its description and see how it performs. If you have any questions, feel free to bring them up on the forum. Sharing experiences and results will help us all get better at what we do.
So, is Long Waiting a game-changer or just another overhyped piece of software? The jury is still out. But hey, if you’ve got better ideas, let's hear them.