Introduction
Multiversal, another fancy name in the world of trading bots. Let's see what this one claims to offer and if it stands up to scrutiny based on user reviews and available statistics.Functionality Overview
Multiversal promises to be a versatile Expert Advisor (EA) with features designed to adapt to various market conditions. Here’s a brief rundown of its primary functionalities:- Multiple Trading Strategies: The EA ostensibly integrates several trading strategies to diversify risks and maximize gains.
- Low Drawdown: One of its selling points is maintaining a low drawdown while delivering consistent profits.
- User-Friendly Interface: Simplified settings for ease of use even by traders without much technical knowledge.
- 24/7 Trading: Claims to operate round the clock, capitalizing on market opportunities as they arise.
Performance Analysis
Based on available statistics over the last year, Multiversal shows mixed results. We have several five-star reviews praising its effectiveness and low drawdown:- MattyTrading: Finds the EA perfect on ICM with low DD, highly recommending it.
- Siew Hung: Experienced good profits within weeks.
However, not everyone shares the enthusiasm:
- cindy2912: Criticizes its performance in real trading conditions, pointing out that the promising backtest results are not replicated due to high spreads during live trading.
From this, it's clear that while some users find it effective, others aren't seeing the same results.
Pros and Cons
Pros:
- Positive feedback regarding its performance with certain brokers.
- Ease of use with a user-friendly interface.
- Low drawdown as per some user testimonials.
Cons:
- Questionable performance under real trading conditions as highlighted by some users.
- High dependence on broker conditions like spread, which can affect its effectiveness.
- Inconsistent results between backtesting and live trading scenarios.
Source Code of Multiversal
We don't have access to the original source code of the Multiversal robot that’s sold on MQL5. However, based on its description and functionalities detailed on the MQL5 market page, it’s possible to create a similar EA. If you have any questions about coding such an EA, feel free to ask. Remember, the code provided by EASY Trading Team is not the original Multiversal but a created version based on its described behavior.
Code:
You don't have permission to view the code content. Log in or register now.Download Multiversal EA
Looking to download Multiversal EA? While EASY Trading Team doesn't sell this robot, we've created a code inspired by its functionalities described on MQL5. Visit Multiversal EA download page for more details. Don't hesitate to join the forum and discuss your results or ask questions about the code.In conclusion, while Multiversal EA shows promise with positive reviews and low drawdown claims, its performance in real trading conditions can be inconsistent. Always test thoroughly before committing to live trading.