Introduction
Ah, the Time Breakout robot. Another one of those hidden gems, or so people claim. Let's dive into this trading robot and see if it really holds its own or if it's just another overhyped piece of code.
Description of Features
Time Breakout is, as the name suggests, primarily based on time-based trading strategies. Its key functions include:
- Identifying breakout times based on historical data.
- Placing trades at specific times when breakouts are most likely to occur.
- Risk management via stop-loss and take-profit settings.
- Customizable trading hours.
Analysis of Results
The performance of Time Breakout over the last year shows mixed results. According to the detailed statistics on their website, the robot has managed to maintain a steady growth curve but with noticeable drawdowns during volatile market conditions.
Here’s a brief summary of its performance:
- Average monthly gain: 3.5%
- Maximum drawdown: 15%
- Win rate: 65%
- Risk-to-reward ratio: 1:1.5
Pros and Cons
Pros:
- Simplicity in strategy without unnecessary complications.
- Customizable trading hours allow users to tailor the robot to their schedules.
- Decent win rate and consistent growth over the year.
Cons:
- Significant drawdowns during high volatility periods.
- Limited by the entirely time-based strategy which might not adapt well to sudden market changes.
- Lack of transparency in the algorithm’s logic.
Conclusion
Time Breakout has its strengths and weaknesses, like any other trading robot. It's designed for traders who prefer a straightforward, time-based approach. However, the significant drawdowns and the reliance on a single strategy could be concerning for some.
For those interested in something unique yet simple, it might be worth a try. But like with any trading robot, skepticism is healthy. If you've used Time Breakout, share your experiences and discuss them on our forum. Let's get a better understanding of its real-world performance.
Source Code of Time Breakout
The original source code of Time Breakout, the one being sold on MQL5, remains a mystery to us. However, based on its description, we at EASY Trading Team can certainly recreate a similar version. If you have any questions regarding the code, feel free to ask. Note, our version is created solely based on the public descriptions and not the exact replication of the original.
Code:
You don't have permission to view the code content. Log in or register now.Download the Time Breakout Robot Source Code from EASY Trading Team
Looking to get your hands on a version of the Time Breakout robot? Download the Time Breakout Source Code from EASY Trading Team today. Our code is constructed based on the publicly available descriptions, and we don't sell the original robot – we just offer a version crafted from its described functionalities. If you have any questions about the code, don’t hesitate to ask!