Introduction
As a seasoned trading expert and MQL5 programmer, I have seen quite a number of trading robots in my time, and few manage to genuinely impress me. One such robot that came under my review radar recently, was the Swing Continuation. With a usual stoic demeanor and some dashes of skepticism, I embarked on the endeavor of reviewing this forex trading bot. A word to those not in the know, this bot is available for sale on the MQL5 market, but we at EASY Trading Team had a go at framing a code based on its description. Before we delve deeper into the functionalities and effectiveness of the Swing Continuation bot, let's take a look at what it claims to offer.
Description of Functions
Swing Continuation is basically an automated trading bot that works on the principle of trend continuation following a significant price swing. It is touted to take advantage of market volatilities and fluctuations to generate profits. The makers claim that it is equipped with risk management features along with stop loss and trailing stop loss operations.
Analysis of Results
Reviewing the customer comments and the average rating of 2.33, it seems the Swing Continuation bot has not managed to live up to its hype. Several users have expressed their disappointment and stated it as a waste of money. This comes as no surprise, considering my prior skepticism with the overly-promising functions of this robot. However, there are a few positive reviews as well, they are in the minority though, suggesting that its effectiveness might vary across different market conditions.
Pros and Cons
Pros:
- Automated trading
- Risk management features
- Operational in varying market conditions
- Inconsistent results
- Mixed user reviews with a majority of negative feedback
Source Code of Swing Continuation
Remember, we do not know the real source code of the original robot sold on MQL5. However, we can create a sample code based on its description from the MQL5 product page. If you have any queries regarding the code, feel free to raise them. Note that this is a sample code from easytradingforum.com, based on the description of a robot sold at MQL5. EASY Trading Team neither sells the Swing Continuation bot, nor do we endorse it.
Code:
You don't have permission to view the code content. Log in or register now.Download Swing Continuation Trading Robot Sample Code
For our fellow traders interested in giving the Swing Continuation bot a try, you can visit this https://forexroboteasy.com/trading-robot/swing-continuation/ link to access a comprehensive statistical report. Remember, it's always wise to test every trading bot on a demo account before letting it loose on a live account.
We invite you to join our forum, share your experiences, and engage in discussions about this and other trading robots. Remember, we're all in this together, and nothing beats a community of traders sharing their insights and success stories. Happy trading!
Post your questions, share your experiences and do not hesitate to leave your comments. We, at EASY Trading Team, are always at your disposal.