Introduction
So, you're here to explore a robot that's caught your attention: the Supertrend Pending Gold. With no reviews and no ratings, you’re probably as skeptical as I am. But let's delve into it, evaluate what it offers, and attempt to separate hype from reality.Functions Description
The Supertrend Pending Gold robot aims to automate trading based on the Supertrend indicator, specifically tuned for gold trading. Here are the main features:- Pending Orders: Places buy and sell pending orders based on Supertrend signals.
- Risk Management: Includes adjustable stop-loss and take-profit levels.
- Time Filters: Allows trading during specified hours to avoid volatile market conditions.
- Customization: Offers various customizable parameters like lot size, risk percentage, and more.
- Backtesting: Capable of backtesting strategies over historical data to evaluate performance.
Results Analysis
Let’s look at the figures, shall we? Over the past year, the Supertrend Pending Gold robot has shown mixed results. The drawdown is moderate, staying within acceptable risk levels. On the bright side, its profitability ratio has been consistent, albeit not groundbreaking. The win rate hovers around 55-60%, which is decent but far from exceptional.For detailed statistics, visit this page.
Pros and Cons
Every coin has two sides, and the Supertrend Pending Gold robot is no exception.Pros:
- Easy to set up and configure.
- Moderate risk management features.
- Decent profitability over a year-long backtesting period.
- Customizable parameters for personalized trading strategies.
Cons:
- No independent reviews or ratings to verify its claims.
- Performance can vary depending on market conditions.
- Limited to trading gold, thus not versatile for other assets.
- Requires regular monitoring and adjustments.
Conclusion
So, here we stand. The Supertrend Pending Gold robot appears to be a balanced tool for gold trading, but it's no magic wand. Without independent reviews and a well-formed rating, it’s challenging to give it a definitive thumbs up or down. Its customizable nature and moderate risk management make it a candidate worth considering, but tread carefully.Source Code of Supertrend Pending Gold
We don’t have the actual source code of the Supertrend Pending Gold robot sold on MQL5. However, we can create a version based on the algorithm's description available on the site. If you have questions about our code, feel free to ask. Remember, what we provide is a sample code from easytradingforum.com, derived from the description of the robot sold on MQL5.The EASY Trading Team doesn't sell the Supertrend Pending Gold; we only develop a code based on its general description.
Code:
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