Introduction
MultiCurrencyWPR is a trading robot available for purchase on MQL5. Based on users' feedback—or lack thereof—we have no ratings or reviews to gauge its performance. This leaves us to dissect the robot's features, analyze its results over the past year, and provide a somewhat skeptical review. We invite readers to leave their own reviews after trying it out.Description of Functions
MultiCurrencyWPR is designed to trade multiple currency pairs using the Williams' Percent Range (WPR) as the primary indicator. Here are the key features:- Multi-currency trading: It operates across various pairs to diversify risk.
- WPR Indicator: Uses Williams' Percent Range to identify potential overbought or oversold conditions.
- Risk Management: Implements stop-loss and take-profit settings to control losses and lock in gains.
- Timeframe Flexibility: Can be customized for different timeframes.
Performance Analysis Over the Last Year
Given the absence of user reviews and ratings, we had to rely on the detailed statistics available on the website forexroboteasy.com/trading-robot/multicurrencywpr/. Here are some key observations from the data:- Average Monthly Return: 3%
- Maximum Drawdown: 20%
- Number of Trades: 500+
- Win Rate: 60%
Pros and Cons
Let's get to the nitty-gritty:Pros:
- Diverse Currency Trading: Spreads risk across various pairs.
- Risk Management: Incorporates stop-loss and take-profit mechanisms.
- High Customizability: Flexible regarding timeframes.
Cons:
- No User Reviews: Lack of community feedback.
- Average Performance: Nothing groundbreaking in the results.
- Unknown Reliability: Without reviews, the robot's reliability is unproven.
Source Code of MultiCurrencyWPR
Unfortunately, we don't have access to the original source code of the MultiCurrencyWPR robot sold on MQL5. However, based on the descriptions available, we can create a similar robot. If you're interested in a custom-coded version, you can find a step-by-step guide on our forum easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download MultiCurrencyWPR Robot
If you have any questions about the code or need further assistance, feel free to ask on our forum. Remember, this is a basic example from easytradingforum.com, based on the description provided for the robot available on MQL5.Our team at EASY Trading Team does not sell the MultiCurrencyWPR robot but has created a code sample based on its description. If you've used this robot, please share your experiences and results on our forum.