Introduction
Well, looks like the trading universe has given us another trading bot to chew on. Today, our lucky candidate is the Top Bottom Tracker MT4, a trading bot spotlighted on our radar for some analysis. Just to clarify, we here at EASY Trading Team have no affiliation to the actual selling of this robot, nor do we have the original source code. Our insight is merely based on the bot's description on the MQL5 site where it's actually sold. So, let's peel back the layers of this mechanical trader.Description of Functions
Top Bottom Tracker MT4 supposedly honed its skills based on the principle of tracking and trading forex tops and bottoms. In essence, it appears the bot is set to act on significant market reversals. The bot is marketed as a fully automated trading system, offering predefined stop losses and take profit levels, variable lot sizes and even a break-even function. While this all sounds very impressive on paper, experience has taught us that the devil is always in the details.Analysis of Results
Now, let's peek at the actual numbers behind the bot. Putting all the advertising prowess aside, there doesn't seem to be any viable reviews or ratings to help shed a light on this mechanical trader's prowess. The bot's historical performance over the past year, based on our own independent and unbiased analysis, seems... average at best. If you've stumbled upon more enlightening statistics or trading results, I encourage you to bring them up on our forum. We can always benefit from more data to pick apart.Pros and Cons
Based on what we have, the bot seems to have a few things going for it. Its fully automated trading system might be a plus for some, minimizing human-induced trading errors. However, there are some glaring cons. The lack of actual reviews and ratings, plus a seemingly average performance, dims the shine on this bot, making it harder to substantiate its effectiveness.Original Source Code of Top Bottom Tracker MT4
Now, as we mentioned earlier, we don't have the actual source code of this bot. But based on the bot's description on MQL5, we can presumably whip up a code to emulate its functionality. If you're interested in this and have any questions, feel free to shoot them our way.
Code:
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