Introduction
Trading box Order Management (TBOM) is touted as an advanced trading tool designed to streamline trading activities. With features like a position size calculator, advanced order types, and comprehensive risk management, it aims to make trading more efficient. Developed by a trader for the trading community, it offers functionalities such as set-and-forget trading, mobile notifications, and price action automation. But does it live up to the hype? Let's dissect this robot with a scalpel.Description of Features
TBOM comes loaded with a variety of features. The position size calculator is designed to calculate lot sizes based on risk percentage, account balance, and stop loss distance, including spread and commission in the calculations. The advanced order types include OCO (One Cancels the Other) and OTO (One Triggers the Other), which can be managed through a trading panel. The risk management module offers risk percentage calculation, gain percentage calculation, and target risk-reward ratio, incorporating spread and commissions in all calculations.The trading panel allows for changing the number of orders, adjusting risk percentages, partial close functionality, and placing and deleting pending orders. Price action tools enable or disable advanced orders at specific price levels, and trade manager functions include locking in profit, moving stop-loss, closing partial positions, surrendering positions, setting stop-loss to breakeven, and setting stop-loss to reaction points. Additionally, the order box defines market orders with entry and stop loss prices, calculating lot size, total stop loss, risk and gain percentages, and total profit from all targets.
Analysis of Results
According to user reviews, TBOM has a rating of 5.0, which is impressive. Users like Iokepa.Arjoh2 and dip_ have praised its efficiency in speeding up trading and its comprehensive risk management tools. Dip_ mentioned using TBOM for about a year and highlighted its complete risk management and trade automation features. Rudy10 found it handy for setting up support and demand zones, take profit, stop loss, and break-even setups. However, it's essential to approach these reviews with a pinch of skepticism.The real test lies in its performance over the last year. While user reviews are overwhelmingly positive, it's crucial to consider that individual trading results can vary significantly. The robot's ability to adapt to different market conditions, such as news spikes and huge spreads, is a significant advantage. However, the lack of transparency in its proprietary algorithms means we have to rely on user testimonials and limited backtesting data.
Pros and Cons
- Pros:
- Comprehensive risk management tools
- Advanced order types (OCO, OTO)
- User-friendly trading panel
- Price action automation
- Positive user reviews and high rating
- Cons:
- Lack of transparency in proprietary algorithms
- Performance can vary based on market conditions
- Over-reliance on user testimonials
Source Code of Trading box Order Management
We don't have access to the original source code of the Trading box Order Management robot sold on MQL5. However, we can create a similar code based on the description provided on the MQL5 website. This example code is developed by the EASY Trading Team and is based on the features described. If you have any questions about the code, feel free to ask. Please note that the EASY Trading Team does not sell the Trading box Order Management robot; we only provide an example code based on its description.
Code:
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