Introduction
In the world of automated trading, efficiency and profitability are paramount. The New Smarthedge trading robot claims to deliver on both fronts, drawing considerable attention and high user ratings. However, as with any trading strategy, skepticism is crucial. Let's delve into the specifics of this robot, analyzing its functions, user feedback, and performance over the last year.Description of Features
The New Smarthedge robot comes loaded with an array of features designed to optimize trading outcomes. Some of its key functionalities include:- Simple Setup: Users have highlighted its ease of installation and the availability of profitable preset configurations for various currency pairs and deposit sizes.
- Optimization Compatibility: The robot can be optimized quickly on MT5, allowing traders to have a ready-to-use set of configurations overnight.
- Lot Size Management: It offers the ability to adjust lot sizes as a percentage of the deposit, which theoretically limits profit only by the size of the deposit.
- Versatile Performance: Works effectively on multiple currency pairs.
Performance Analysis
User feedback on multiple platforms suggests the New Smarthedge robot is indeed profitable. Here's a breakdown of user comments:- Cloud999: Claims a profitability of around 5% with easy setup and quick optimization.
- Marcelo Rodrigo Maggi: Praises the excellent backtest results and responsive support from the EA author, including access to optimal setup files.
- Aming Chen: Hails it as the best EA ever purchased, notably highlighting its safety.
- Andrei Prokhorov: Reports good demo account results, especially on ECN accounts with no spreads.
While these reviews are overwhelmingly positive, they should be taken with a grain of salt. Real-world trading always carries inherent risks and past performance is not necessarily indicative of future results.
Pros and Cons
Pros:- Ease of setup and use
- Quick optimization on MT5
- High user satisfaction and support
- Flexibility in lot size management
Cons:
- Positive reviews may be subject to survivorship bias
- Past performance is not a guarantee of future results
- Real trading environments present variables that backtests cannot simulate perfectly
Conclusion
The New Smarthedge trading robot, with its high user ratings and promising features, certainly seems like a tool worth trying. However, no trading strategy is foolproof. Continual monitoring, proper risk management, and realistic expectations are key.Source Code of New Smarthedge
While we do not have access to the original source code of the New Smarthedge robot sold on MQL5, we can create a code based on its description provided on the MQL5 marketplace. This example code can be discussed and further refined on easytradingforum.com.If you have any specific questions about the code or need modifications, feel free to ask. Note that EASY Trading Team does not sell the New Smarthedge robot; instead, we provide a coded version based on its description.
Code:
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