Introduction
So, you've stumbled upon the Percent B Indicator trading robot. Judging by the user comments and its rating, it seems like we're off to a rocky start. But hey, let's dive in and see what this thing can actually do (or can't).
Function Description
The Percent B Indicator trading robot is designed to automate trading based on the Percent B Indicator, which is a modification of the Bollinger Bands. Here's a quick rundown of its core functionalities:
- Automated execution of trades when certain conditions are met.
- Customizable parameters like periods and deviation settings.
- Designed to take advantage of overbought and oversold market conditions.
- Integration with MT4 for streamlined trading execution.
Performance Analysis
Considering the past year's performance, the results are anything but stellar. The robot has seen a series of highs and lows, with more of the latter. User reviews like Hector Manuel's comment about MT4 freezing up don't exactly inspire confidence. It’s clear this robot has technical issues — and not just minor bugs, but deal-breaking glitches that can halt your trading platform.
Pros and Cons
Pros:
- High customization potential, allowing traders to tweak settings to their preference.
- Automates trading, potentially saving you time and effort.
Cons:
- Buggy performance, especially when adjusting periods as per user feedback.
- Low user rating, indicating a general lack of satisfaction.
- Poor optimization, which can lead to system crashes.
Conclusion
In summary, the Percent B Indicator robot seems more like a gamble than a viable trading strategy. Between the performance issues and lackluster user reviews, it’s clear this robot has a long way to go. We always encourage traders to discuss tools and share their results, so feel free to head over to the forums and enlighten us with your experiences.
Source Code for Percent B Indicator
We don't have access to the original source code for the Percent B Indicator robot being sold on MQL5. However, based on the description provided, we can whip up a similar code. If you have any questions on the coding aspect, you're welcome to ask them. Remember, the code is a creation by easytradingforum.com, inspired by the robot's description on MQL5. Our team at EASY Trading Team does not sell the Percent B Indicator robot; we simply developed a code based on its publicly available specifications.
Code:
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If you're still curious and brave enough to give it a try, the detailed statistics can be found at Percent B Indicator Trading Robot.