Introduction
The Time Range Breakout trustfultrading robot is yet another attempt to automate the elusive art of Forex trading. With a rating of 5 and mixed user reviews, this EA promises dynamic lot sizing, trailing stop loss, and a day-of-week filter. But does it really deliver? Let's dive in and find out.Description of Features
The robot comes with a set of features that are supposed to make your trading life easier:- Dynamic Lot Size: Choose between fixed lots, fixed amount, or a percentage of your account balance.
- Time Range Breakout Entry Signal: Trades are triggered when the price breaks out of a specified time range.
- Day of Week Filter: Allows you to disable trading on specific days.
- Trailing Stop Loss: Automatically adjusts to lock in profits as the market moves in your favor.
Performance Analysis
Analyzing the results over the past year, the robot has shown mixed performance. Some users, like xamaicafx, found the strategy insightful, while others, like Varush, simply rated it Great without much elaboration. Agus Santoso gave it a thumbs up with a rating of 5. The robot's performance seems to be highly dependent on market conditions, which is hardly surprising.Pros and Cons
- Pros:
- Dynamic lot sizing offers flexibility.
- Trailing stop loss helps in locking profits.
- Day of week filter can avoid trading on volatile days.
- Cons:
- Performance can be inconsistent.
- Highly dependent on market conditions.
- User reviews are mixed, indicating variability in performance.
Conclusion
The Time Range Breakout trustfultrading robot is a mixed bag. While it offers some useful features, its performance is not guaranteed. If you're considering using it, make sure to test it thoroughly and adjust its settings to match your trading style. And remember, no robot can replace a well-thought-out trading strategy.Source Code of Time Range Breakout trustfultrading
We don't have access to the original source code of the Time Range Breakout trustfultrading robot sold on MQL5. However, based on its description, we have created a sample code available on easytradingforum.com. This is not the original code but a version based on the publicly available description.
Code:
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