Introduction
Meet Prosperity, yet another trading robot promising a shortcut to Forex profits. With a user rating of 1 star and a not-so-positive comment from a user named philippe5, it's off to a shaky start. Let's dive into the details to examine if this robot is more than just another fleeting promise.Description of Functions
Prosperity claims to have several intriguing features, including:- Hedging Mechanism: Opens multiple hedging positions to minimize risk. Though according to philippe5, it seems to forget about these positions.
- Automated Trading: Fully automated, requiring minimal user intervention.
- Multi-pair Trading: Capable of trading multiple currency pairs at once.
- Risk Management: Built-in risk management features to prevent excessive losses.
Performance Analysis
The detailed statistics for Prosperity are available on this website. Analyzing the data from the past year, the robot appears to have a mix of highs and lows. The frequent opening of multiple hedge positions raises questions about its efficacy. The user review mentioning 30 hedges in one hour is definitely alarming.Pros and Cons
Pros:- Automated trading allows for hands-off operation.
- Multi-pair trading capability.
- Built-in risk management features.
Cons:
- Poor user rating—1 star.
- Negative user feedback about forgotten hedges.
- High frequency of position openings could risk higher transaction costs.
Prosperity Source Code
We don't have access to the original source code of the Prosperity robot sold on MQL5. However, our team at EASY Trading Team can create a similar robot based on the description available on the MQL5 website. If you have any questions about the code, feel free to ask.Conclusion
It's evident that Prosperity has its set of challenges, especially with its current user rating and feedback. It's crucial for users to discuss their experiences and share their results on forums to better understand its performance. Feel free to check the detailed statistics on this website.
Code:
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