Multi Level ATR and Moving Average Band Indicator

[TopicStarter]

Introduction​

So, you've stumbled upon the Multi Level ATR and Moving Average Band Indicator. Fascinating. Another trading robot promising to make your dreams come true, right? Well, let's cut through the hype and get down to the brass tacks. With no reviews and no ratings, it's a blank slate. Let's dive deeper.

Description of Features​

The Multi Level ATR and Moving Average Band Indicator is essentially a technical analysis tool that uses Average True Range (ATR) and Moving Averages to generate trading signals. The key features include:

• Multiple levels of ATR and Moving Averages to gauge market volatility and trend direction.
• Automated buy and sell signals based on predefined thresholds.
• Customizable settings for ATR and Moving Average parameters.
• Real-time alerts for market movements.
• Backtesting capabilities to test the strategy on historical data.

Nothing groundbreaking, but it's functional.

Analysis of Results​

Over the last year, the robot has shown, well, interesting results, to say the least. According to the data available on forexroboteasy.com, the bot had mixed performance:

• Some months it hit single-digit returns.
• Other months were a stark reminder of the cruel nature of trading, hitting double-digit losses.

Sure, it made some money, but was it consistent? Hardly.

Pros and Cons​

Pros:

• Provides automated, real-time trading signals.
• Customizable settings for tailored strategies.
• Backtesting feature allows you to test before you invest.

Cons:

• Inconsistent performance over the last year.
• No reviews, making it hard to gauge reliability.
• Lack of transparency about the underlying algorithm.

Conclusion​

In conclusion, the Multi Level ATR and Moving Average Band Indicator could be a part of your trading toolkit, but it's not the Holy Grail. It has potential, but also significant pitfalls. Given its inconsistency and lack of user reviews, I'd say proceed with caution.

Source Code Multi Level ATR and Moving Average Band Indicator​

Unfortunately, we don't have the original source code for the Multi Level ATR and Moving Average Band Indicator sold on MQL5. However, we can create a code based on the description provided on their site. Feel free to ask questions about the code. Note, this code is a creation of easytradingforum.com, based on the description of the robot sold on MQL5. The EASY Trading Team does not sell the Multi Level ATR and Moving Average Band Indicator but has developed this code based on its description.

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Download Multi Level ATR and Moving Average Band Indicator Trading Robot​

If you're intrigued by the Multi Level ATR and Moving Average Band Indicator, join the discussion on our forum. Share your experiences and results. We're all ears.