Introduction
We have something to scratch your trading itch today, folks. It's the Spider ZIGZAG trading robot. With an overwhelming rating of 5, this 'interesting tool', as one user puts it, seems to be quite the favorite. However, let's not be carried away by user ratings alone. Our job here in the EASY Trading Team is to pick apart these tools and look at them under our skeptical lens. So, let's dive right in.Functionality Overview
Spider ZIGZAG, as its name suggests, is based on the zigzag market pattern. The robot aims to capitalize on the market's cyclic movement, buying and selling at the 'zigzags' of the market. Sounds simple, doesn't it? But the beauty is in its execution. Various settings allow users to customize the robot according to their trading style.Performance Analysis
To give our verdict, we examined the trading results of Spider ZIGZAG for the past year using the data available at forexroboteasy.com.What we saw was a mixed bag. The robot showed considerable profits on some trades while incurring losses on others. It's very much like watching a tightrope walker. A delicate balance indeed.
Now, some might say, Wait a minute, isn't trading all about profit and loss? Of course, it is. But our concern is with the consistency of the robot's performance. If it's as shaky as our tightrope walker, then we might have a problem.
Pros and Cons
Most certainly, Spider ZIGZAG has its strengths. It's simple, user-friendly, and caters to a well-known market pattern. But here is where we raise our eyebrows. Its inconsistent performance is a worry. As one user traderspeed noted, the robot didn't work in certain market conditions. This could be a potential pitfall for traders using Spider ZIGZAG.Original Source Code of Spider ZIGZAG
As for the original source code of Spider ZIGZAG, it's a mystery. Sure, we could create a replica code based on the description from MQL5, but it's like recreating a Picasso from a description - you're never sure if you nailed it. So, if you have a question about the code we'll create, feel free to shoot. Keep in mind, though, this is a sample code, courtesy of easytradingforum.com and based on the robot's description on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.How to effectively download and use the Spider Zigsag Trading Robot
Finally, we come to the interesting part - the download of Spider ZIGZAG. Once again, we at EASY Trading Team only provide a code based on the robot's description. We do not sell the original Spider ZIGZAG. You can find it on MQL5. As such, our created tool is purely for educational and testing purposes.So, comrades, let's keep this conversation going. Try our code, share your results on the forum, and let's see if Spider ZIGZAG is truly the rockstar it's touted to be or just a one-hit-wonder. Happy trading!