Introduction
Welcome to another skeptical review from EASY Trading Team. Today, we're dissecting the trading robot known as The Kill pips. It's always a hoot to see what bots claim they can do. Sure, it's got a mixed bag of user comments and an average rating of 3.6. Let's see if this bot can actually kill it.Description of Features
The Kill pips robot boasts the following features:- Automated Trading: Executes trades based on pre-defined criteria.
- Risk Management: Comes with adjustable risk settings.
- Backtesting Capability: Allows for historical data analysis.
- Demo Account Testing: Try it out without real money.
- Recommended Pair: EURUSD optimally.
Not a particularly unique set of features, but let's dive deeper.
Analysis of Results
Based on the user reviews, the results of The Kill pips are all over the place:- Pierre Vachichin: Rates it a 1, citing dangerous levels of risk and poor performance on both demo and live accounts.
- Abdulaziz Fahad A Alhalwan: Rates it a 5, finds backtest and demo performance excellent but is cautiously optimistic about live results.
- LinRolover: Rates it a 5, mentions it working on a cent account with some risk management adjustments.
- anda007: Rates it a 5, simply says it's good so far.
- Kazuki Takagi: Rates it a 5, suggests using it exclusively for EURUSD and notes most trades are winners.
The average rating of 3.6 suggests a polarized user base. Some love it, some hate it. What else is new?
Pros and Cons
Pros
- Decent backtesting results according to some users.
- Adjustable risk settings offer some level of control.
- Good performance noted on EURUSD pair.
Cons
- High risk, potentially dangerous for live accounts.
- Inconsistent performance across different users.
- Only one recommended currency pair limits flexibility.
Original Code for The Kill pips
Unfortunately, the actual source code of The Kill pips isn't available, as it's sold on MQL5. However, we can create a similar code based on the description provided.If you have any questions regarding the coding aspect, feel free to ask. Remember, this is an example code from easytradingforum.com, based on the robot description, not the original code.
Code:
You don't have permission to view the code content. Log in or register now.Download The Kill pips Trading Robot - Example Code from EASY Trading Team
For those interested in trying out an example version of The Kill pips, visit the forexroboteasy.com to download. Please note that the EASY Trading Team does not sell The Kill pips robot but has created a code based on its description.In conclusion, while The Kill pips may show promise on paper, its inconsistent performance and high risk make it a robot to approach with caution. Discuss and share your experiences on the forum to help others navigate the murky waters of trading bots.