Introduction
Welcome to another critical review from the EASY Trading Team. Today we will assess the Oracle Wave EA, a trading robot with no current user feedback and no rating. This article aims to cover the bot's main functions, analyze its performance over the past year, and discuss its strengths and weaknesses. We encourage users to leave their reviews and share their experiences with Oracle Wave EA.Description of Functions
Oracle Wave EA claims to offer several key features. These include:- Automated Trading: The robot operates without human intervention.
- Trend Analysis: Uses algorithms to identify market trends.
- Risk Management: Implements various risk management strategies.
- Multi-Currency Support: Can trade across different currency pairs.
- Backtesting Capabilities: Features built-in backtesting functionalities.
Despite these features, the lack of user reviews leaves us skeptical about the actual performance and reliability.
Performance Analysis
Since detailed statistics are available on the official website here, we took a closer look at them. Over the past year, Oracle Wave EA has shown the following performance metrics:- Profitability: Mixed results, with some profitable months and some losses.
- Drawdown: High drawdown levels, which might be concerning.
- Trade Frequency: Moderately active in placing trades.
- Consistency: Inconsistent performance across different months.
Strengths and Weaknesses
Pros:- Automated trading reduces the need for constant monitoring.
- Multi-currency support offers diversified trading opportunities.
Cons:
- High drawdown levels raise questions about risk management.
- Inconsistent performance metrics over the past year.
- Lack of user feedback and rating is a significant red flag.
Source Code of Oracle Wave EA
We don't have access to the original source code of the Oracle Wave EA that is sold on MQL5. However, we at EASY Trading Team can code a trading robot based on its described functionalities on the MQL5 marketplace. If you have any questions regarding the code, feel free to ask us.Conclusion
Oracle Wave EA presents itself as a comprehensive trading robot with automated trading, multi-currency support, and risk management features. However, its mixed past performance and lack of user reviews make it difficult to fully endorse. We invite users to discuss this robot on our forum and share their results.
Code:
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We encourage traders to visit Oracle Wave EA's official site to download the full version and test its capabilities. Remember, our EASY Trading Team does not sell Oracle Wave EA but provides a sample code based on its described functionality.Got questions about the code? Let's chat on easytradingforum.com!