Introduction
In the world of trading robots, there are countless options vying for your attention. Today, we will cast our skeptical eye on the Supertrend by KivancOzbilgic, a trading robot with a 5-star rating. Some users like Darz and Khulani have given it glowing reviews. Let's not get carried away. We'll evaluate its features, analyze its performance over the past year, and give you a no-nonsense breakdown of its strengths and weaknesses. If you want to dive deeper, detailed statistics are available on the Supertrend by KivancOzbilgic's page: here.Description of Functions
The Supertrend by KivancOzbilgic encompasses a variety of features designed to simplify your trading experience:- Trend Following: Implements the Supertrend indicator to follow market trends.
- Entry and Exit Signals: Automatically generates buy and sell signals.
- Compatibility: Works seamlessly with MetaTrader 5.
- Customization: Offers various parameter settings for user customization.
- Alerts: Notifies you of potential trades via alerts.
Analysis of Results
Over the past year, the Supertrend by KivancOzbilgic has shown mixed results. On the one hand, it has had periods of significant profitability during strong market trends. On the other hand, its performance during sideways markets has been rather underwhelming. The overall return rate has been moderated by drawdowns, which raises questions about its risk management.Pros and Cons
Let's dissect the strengths and weaknesses of this robot:Pros:
- High customization options for more control over trades.
- Good performance during trending markets.
- User-friendly interface and easy integration with MetaTrader 5.
- Positive user reviews that hold some weight.
Cons:
- Struggles in non-trending or volatile markets.
- Potentially high drawdowns.
- Risk management features could be more robust.
- User feedback, while positive, is limited.
Conclusion
The Supertrend by KivancOzbilgic offers a mixed bag. While it has had its moments of profitability, its performance is highly dependent on market conditions. Users are encouraged to discuss their experiences with this robot on forums and share their results.Supertrend by KivancOzbilgic Source Code
The actual source code of the Supertrend by KivancOzbilgic sold on MQL5 remains undisclosed. However, if you're the adventurous type, you can try to create a similar robot based on its description available on the MQL5 website. If you have any questions about the code, feel free to ask. This is an example code from easytradingforum.com, based on the robot's description. Note that the EASY Trading Team does not sell the Supertrend by KivancOzbilgic robot; we merely provide a code inspired by its description.
Code:
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