Introduction
Well, here we go again. Another day, another trading robot to evaluate. Today, we have the Stop And Close EA on our plate. As a trading bot coded in MQL5, it apparently assists with risk management by stopping trades and closing them out after a certain specified condition. Its overall rating stands at 2.75, a lukewarm reception from the trading community. Let's dive deeper into its functions, shall we?Description of the Functions
It seems user Gaelou has praised the robotic assistance this EA provides. He believes it safeguards his positions, allowing him to have a good night's sleep without the anxiety of unexpected losses. In essence, the Stop And Close robot will take over your trades, with the aim of limiting losses and safeguarding your capital. If you ask me, that's a tall order.Analysis of Results
Our dear users have shared their mixed experiences with the EA's effectiveness. While Gaelou has had a positive experience, other traders haven't been as lucky. User blendo reported the robot wiped out his charts and failed to close trades as promised. Marcel Machado Gumiero called the EA a fake. Numerous issues seem to be present here, suggesting the robot is, at best, inconsistent.Pros and Cons
Looking at the bright side, it appears to offer a sense of security for some traders by managing risk. However, issues of functionality and reliability significantly cloud the effectiveness of this EA. Its claim to protect your capital is ambiguity at its finest.Source Code of Stop And Close
With our black box of secrets, we don't have the actual source code of the original Stop And Close robot sold on MQL5. However, in the spirit of true traders, we could decipher a similar code based on the EA's description on MQL5.
Code:
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For more in-depth discussion and user experiences, head over to our forum at easytradingforum.com. If you have any code-related queries, don't hesitate to ask. Remember, this code example is provided by EASY Trading Team based on the EA's description. We do not sell the Stop And Close robot. Instead, we have devised a trading bot code based on its description.Feel free to download the Stop And Close trading robot and share your experience. We are all ears, waiting to hear about your latest trading adventure.