Introduction
So, you stumbled upon another shiny trading robot, Trade Extender, and now you're curious about its so-called promising backtest results. Well, buckle up, let's dissect this marvel of modern algorithmic trading and see if it’s worth your time and money.Robot Features
Trade Extender claims to offer a variety of features aimed at making your trading experience more, let's say, profitable. Here's a breakdown of what it supposedly does:- Automated Trading: Executes trades based on pre-set parameters without manual intervention.
- Backtesting Capabilities: Allows you to test the bot's performance under historical data conditions.
- Customizable Settings: Provides options to tweak its behavior according to your broker and market conditions.
- Risk Management: Implements various risk management techniques to safeguard your investments.
- Technical Indicators: Uses a range of technical indicators to make trading decisions.
- 24/7 Support: Developer assures round-the-clock support, even though you'll probably be left to fend for yourself in case of a market crash.
Analyzing the Results
Over the past year, Trade Extender has shown some results that would make any newbie trader drool. According to the detailed stats available on the website Trade Extender Statistics, this bot has produced consistent returns. But remember, backtest results are like those “before and after” photos you see in weight-loss ads. Reality often paints a different picture.Pros and Cons
No robot is perfect, and Trade Extender is no exception.Pros:
- Customizability: You can tweak almost every parameter.
- Backtesting: Good backtest results, albeit in a controlled environment.
- Support: Developer is supposedly responsive. (We’ll see how long that lasts.)
Cons:
- Overfitting: Like many bots, it might be over-optimized for historical data.
- Unknown Live Performance: User nicom55 hasn't run it on live funds yet, and neither have we.
- Market Adapting: Questionable ability to adapt to varying market conditions.
Source Code of Trade Extender
Ah, the mystery of source code. We don’t have access to the original source code of Trade Extender, the MQL5 robot on sale, and why would we? However, we can certainly create a code based on its description from MQL5 Trade Extender Description. Just know that this isn't the original code but a humble attempt to replicate it.
Code:
You don't have permission to view the code content. Log in or register now.Download Trade Extender Robot
If you're intrigued enough to give it a spin, you can find more information and possibly download the robot from Trade Extender Download. Feel free to discuss your experiences, ask questions, or share your settings on our forum. This code is an example provided by easytradingforum.com, based on the description of the robot available on MQL5.Remember, we at EASY Trading Team do not sell the Trade Extender robot. We just enjoy the thrill of creating code based on vague marketing descriptions.
Time to roll the dice and see if this robot can really extend your trading success. Or at least give you something to curse at during your next trading session.