Introduction
Alright, let's dive into the wonderful world of the Simple Trading Controller. As someone who's been around the block a few times, it's not easy to impress me, but let's see what this tool can bring to the table. With a user rating of 5 and glowing reviews like Great for scalping! Simple and effective. Highly recommend from motexture, it seems like it's worth a look. But remember, numbers don't lie – people do.Function Description
The Simple Trading Controller, as the name suggests, is focused on simplicity. It’s designed for scalping – a strategy that requires speed and precision. Here are the main features:- Automated Trading: Executes trades automatically using predefined criteria.
- Scalping Focus: Optimized for short-term trading to capitalize on small price movements.
- Risk Management: Basic stop-loss and take-profit settings.
- User-friendly Interface: Minimal setup required, making it accessible for beginners.
- Backtesting: Capability to test the strategy with historical data.
Performance Analysis
Based on last year's results, here's a snapshot:- Average Monthly Return: 4.5%
- Max Drawdown: 15% (a bit steep for my taste)
- Win Rate: 65%
- Trades per Month: Approximately 100
Pros and Cons
Pros:
- Easy to set up and use
- Good for beginners
- Automates repetitive tasks
Cons:
- High drawdown
- Moderate win rate
- Limited advanced features
Source Code of Simple Trading Controller
Ah, the juicy part. Unfortunately, we don’t have access to the original source code of the Simple Trading Controller sold on MQL5. However, we could whip up a similar code based on its description. If this piques your interest, visit forexroboteasy.com for more details.
Code:
You don't have permission to view the code content. Log in or register now.Download and Test Simple Trading Controller
For those eager to dissect and test the Simple Trading Controller, head over to forexroboteasy.com. If you’ve got any questions or need further code examples, feel free to ask. Remember, this is just a rendition based on available descriptions, not the actual product sold on MQL5.The EASY Trading Team doesn’t sell the Simple Trading Controller – we’ve just created a model based on its description. Happy trading and keep the discussions going on the forum!