Introduction
In the vast world of trading, it's about as common to find a unicorn as it is to stumble upon a consistently profitable trading robot. Today, we're dipping our toes into the realm of mythical creatures as we assess the performance and functionality of one such robot, the OsMA Arrow. Ranked at a 4.36 rating, our task is to scrutinize, and perhaps, debunk the hype surrounding this particular piece of automated trading wizardry.Description of Functions
The OsMA Arrow, a trading robot that operates on the ever popular MetaTrader platform, relies on the Moving Average of Oscillator (OsMA) to direct its trading decisions. This oscillator, quite simply, shows the difference between a moving average (MA) and the oscillator itself. The robot uses this reading to generate buy and sell signals, aiming to optimize entry and exit points.But is it really all roses and no thorns? Let's dive deeper.
Analysis of Results
Based on the past year's performance and taking into consideration comments from our dear users, it seems that the OsMA Arrow robot has managed to maintain a decent level of performance. User Tufail Shahzad commented that the indicator was always profitable when used with his strategy and other indicators, reflecting a certain level of satisfaction among users. However, without the specific hard data to support these claims, it's hard not to take these reviews with a pinch of skepticism. After all, in trading, facts triumph over feelings - always.Pros and Cons
The OsMA Arrow, seemingly, has proven itself as a solid performer in specific contexts, indicating that it can be a useful tool when paired with an effective trading strategy. However, the dearth of detailed feedback is alarming – I mean, who wouldn’t want to gush over a consistently profitable trading robot?Source Code of OsMA Arrow
Now, let's address the elephant in the room - the source code. We don't have the original source code of the OsMA Arrow, and don't we wish we did! What we do have is a code based on the description of the robot from MQL5, where this algorithm is sold. This code is available at easytradingforum.com. If you do have any issues or questions about the code, feel free to ask away.
Code:
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Truth be told, we may have taken the OsMA Arrow apart, but we're not the sellers. This robot is available for purchase over at MQL5. As for the code we've conjured, that's available for free on our forum. Remember, it's based on our interpretation and understanding of the robot’s description. So, take it with a measured dose of reality.In the end, every trading strategy is as good as the trader who wields it.
- So, visit the OsMA Arrow page to analyze the robot yourself.
- Join our forum to discuss your experiences.
- Keep sharing the results.
Your experience might be just the reality check we all need.