Introduction
In the world of trading robots, the PS GoldenEye EA MT5 has managed to grab some attention. But as always, I remain skeptical. Let's take a closer look at what this robot claims to offer and how it performs based on user feedback and available statistics.
Description of Functions
PS GoldenEye EA MT5 is marketed as a sophisticated trading algorithm, but marketing fluff aside, it supposedly functions on a combination of parameters including:
- Automated trading based on predefined strategies.
- Adjustable risk management settings.
- Support for multiple currency pairs.
- The ability to analyze price action and indicators.
- Customizable trading hours.
Sounds impressive, right? But I wouldn't bet the farm on it just yet.
Results Analysis
User feedback suggests a mixed bag. The ratings give it a solid 5.0 average, but we know that can be misleading. Let's break down the comments:
1. **Mihai** (5/5): Praises the EA but mentions issues with brokers. Not exactly a glowing endorsement.
2. **Ocean** (4/5): Calls it honest and real with good communication. That's nice, but does it trade well?
3. **Sogeking** (5/5): Claims decent performance over three months with acceptable drawdown but longs for a previous version. If that’s not a red flag, I don’t know what is.
Statistical data from the website claims decent performance over the past year, but without transparency in the actual strategy and drawdown numbers, it’s hard to take those claims at face value.
Pros and Cons
**Strengths:**
- Good user communication.
- Some traders report satisfactory performance and low drawdown.
**Weaknesses:**
- Lack of aggressive trading strategy in the latest version might deter some.
- User feedback hints at potential broker compatibility issues, which is a legitimate concern.
Source Code of PS GoldenEye EA MT5
It's crucial to mention that the original source code of the PS GoldenEye EA MT5 sold on MQL5 is not publicly available. However, we can certainly create code based on the descriptions available on that site. The original's secrecy raises questions about the algorithm's robustness.
For those savvy enough, remember that our EASY Trading Team does not sell the PS GoldenEye EA MT5. What we’ve done is develop a version inspired by its description, so don't expect miracles.
Code:
You don't have permission to view the code content. Log in or register now.Download PS GoldenEye EA MT5 and Share Your Thoughts
If you're tempted to download the PS GoldenEye EA MT5, make sure to dive deeper into its functionalities and share your experiences. Discuss it on the forum and let’s dig into those results together. If you have questions about the code, feel free to ask. This is a prime example of what can be whipped up based on descriptions from MQL5.
Remember, tread carefully in the world of automated trading.