Introduction
As a part of the EASY Trading Team, we're constantly digging into the depths of various trading robots to evaluate their performance. Today, let's tackle the mysteriously efficient robot called 'Takeandstop'. With a user rating of 5 and comments like Nice, working for me, it's hard not to have a closer look, right?Description of Functions
Takeandstop is an intriguing trading beast. Unfortunately, we don't have the original source code that is sold on MQL5, but based on the specifications listed on the site, we've made some intelligent guesses. It seems to operate on a combination of trend following and reversal strategies.The actual operation of the bot remains a bit elusive. However, this is common with most trading robots sold on MQL5, and it's part of the game. What we can tell for certain is that take profit and stop loss levels are hard coded, maintaining a risk/reward ratio that aligns with the trading strategies.
Analysis of Results
Delving deep into the results, it seems that Takeandstop has had quite the year. The detailed statistics can be found at the following https://forexroboteasy.com/trading-robot/takeandstop/.It's always wise to question the validity of results posted on a website, but if we assume that these are real trading results, they are impressive! But remember, past performance is not indicative of future results. The only way to truly evaluate this robot is to test it in a live account.
Pros and Cons
The advantages of this robot appear to be its solid performance and robustness across various market conditions. The trading logic, while not completely transparent, seems to be sound.However, not knowing the exact limitations or the actual algorithm is a potential downside. We also need to stress that the efficacy of the bot might vary depending on the broker, execution speed and numerous other factors.
Source Code of Takeandstop
As previously noted, we don't have the actual source code of the original trading robot. But based on the description provided on the MQL5 page, an approximate code can be created. If you have any questions about the code or need guidance, feel free to ask on easytradingforum.com.Please note, this is just an example code based on the description of the bot []. It's not designed to perfectly mimic the original performance of the bot. The EASY Trading Team doesn't sell Takeandstop, we simply provide this code as an educational resource.
Code:
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Now that we've uncovered the enigma that is Takeandstop, it's up to you to take the next step. Discuss, explore, and share your results with this robot on our forum. Whether you're curious to test this mysterious trading aid or wish to delve into its theoretical underpinnings, we're here to support your journey.Remember: Only by questioning will we truly learn. Now, let's unpack the mysteries of Takeandstop together!