Introduction
The Perfect Algorithm MT5 trading robot has caught some attention, primarily due to the 5-star rating from users like Yuta Hidaka. However, as a professional trader and MQL5 programmer, it's essential to examine such claims skeptically. After all, a shiny rating doesn't always mean the sword is sharp.Description of Functions
The robot claims to operate efficiently with a low Stop Loss (SL), which is a plus. It supposedly exhibits a profit factor akin to other established EAs, such as Power of Unity or SiC. The primary functions appear to revolve around generating trading signals and executing trades with minimal user intervention. Of course, how it does that is where the devil lies in the details.Analysis of Results
Evaluating the performance over the last year, we notice that the claims made by the users regarding profitability and SL are enticing. But let’s not forget—backtesting and live trading can yield vastly different outcomes. Performance statistics can often look appealing on the surface but may hide crucial elements like drawdowns or periods of underperformance. It is advisable to check the detailed statistics available at Forex Robot Easy - Perfect Algorithm MT5 to make an informed judgment.Pros and Cons
Let’s break down the shining aspects and potential pitfalls of this trading robot:-
Pros:
- Low Stop Loss, which might be more comfortable for some traders.
- Positive user feedback suggesting accountability and performance.
- Profit factor comparable to other EAs.
Cons:
- Lack of transparency regarding the actual trading strategies used.
- Potential discrepancies between backtesting and live results.
- No access to the original source code, raising questions about its reliability and adaptability.
Source Code of Perfect Algorithm MT5
Here’s a fun fact: the actual source code of the original robot available on MQL5 is a mystery to us. What we know is primarily derived from descriptions on the MQL5 site. Nevertheless, the EASY Trading Team can certainly whip up a version of the algorithm based on these descriptions, but that doesn’t mean we vouch for its performance or reliability.
Code:
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If you’re curious about getting your hands on the Perfect Algorithm MT5, remember that our team does not sell this robot. We’ve only created sample code inspired by its description found on MQL5. If you have any questions regarding the code or anything else, don't hesitate to ask.In conclusion, we encourage users to discuss their experiences with the Perfect Algorithm MT5 on the forum. Sharing results could shed light on its real-world effectiveness. After all, in trading, collective insight can be invaluable.