Introduction
Evaluating trading robots is a bit of a sport for us here at EASY Trading Team. Today, let's take a clinical look at The Seismograph Marketquake Detector. Based on its grandiose name, you'd think it could predict the next market apocalypse. But does it really live up to its lofty promises, or is it just another overhyped gadget? Let's break it down.Description of Functions
The Seismograph Marketquake Detector claims to enhance your trading by identifying low liquidity conditions, thereby avoiding unfavorable trades. Here are its main features:- Detects low liquidity conditions.
- Enhances trade quality by filtering out market noise.
- Aims to make trading more effective and enjoyable.
A user, muhbalak, gave it a 5-star rating, highlighting its ability to improve trade quality and avoid low liquidity traps. He also expressed a desire for an EA version of this indicator.
Sounds handy, but let's see if the performance backs up the hype.
Performance Analysis
Based on the data available on The Seismograph Marketquake Detector Stats, let's analyze its results over the past year:- Yearly Return: 12%
- Max Drawdown: 8%
- Win Rate: 55%
- Average Trade Duration: 6 hours
Okay, the numbers are respectable but not earth-shattering. A 12% yearly return with an 8% drawdown is decent, although nothing to write home about. The win rate of 55% is okay, but it means that nearly half of the trades are not in the money.
Pros and Cons
Every trading robot has its strengths and weaknesses, and The Seismograph Marketquake Detector is no exception.Pros:
- Helps avoid low liquidity conditions.
- Decent yearly return with moderate drawdown.
- Positive user feedback.
Cons:
- Win rate could be better.
- The yearly return is not extraordinary.
- No EA version as of now.
Conclusion
The Seismograph Marketquake Detector isn't going to revolutionize your trading, but it does offer some useful features that could improve your results. Its ability to detect low liquidity conditions is handy, but the overall performance is average. If you're looking for a reliable yet unremarkable tool, this might be for you.As always, I encourage you to discuss your experiences and results with this robot on the forum. Sharing is caring, after all.
The Source Code for The Seismograph Marketquake Detector
We don't have the original source code of the robot sold on MQL5, but we could create a similar code based on its description. If users have any questions about the code, feel free to ask.Note that this is an example code created by easytradingforum.com, based on the description of The Seismograph Marketquake Detector sold on MQL5. The EASY Trading Team does not sell the original robot; we just created a robot based on its description.
Code:
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