Introduction
Ah, Trading Chaos Chart, another trading robot promising the moon and the stars. Let's dissect this glorified Excel macro, shall we? Based on the rave review from user argo17 who gave it a perfect rating and called it a Classy product, 5 stars, let's not get too carried away just yet. We'll look at its main functions, analyze its results over the past year, and see if this robot truly lives up to its hype.
Description of Functions
This robot supposedly leverages Bill Williams' Chaos Theory, which is an amalgam of technical indicators designed to identify market trends and potential reversal points. Here's a breakdown of what it's supposed to do:
- Alligator Indicator: Uses moving averages to show market trends.
- Awesome Oscillator: Measures market momentum.
- Wisdom Bar: Indicates potential reversal points.
- Fractals Indicator: Identifies potential high and low points in the market.
- Gator Oscillator: Helps in identifying the strength of a trend.
All fancy names, but do they actually work? Let’s delve into the results.
Analysis of Results
Over the past year, Trading Chaos Chart has delivered mixed results. According to the statistics available on this website, the robot claims to have an average monthly return of around 5%. Not bad, but let’s not ignore the drawdowns. It is reported that the maximum drawdown reached a spine-tingling 20% at one point.
Strength of Strategy: Given the year's data, it seems the robot performs consistently in trending markets but struggles during periods of low volatility and when the market enters a sideways range.
Pros and Cons
Pros:
- Implements multiple indicators for better decision making.
- Backed by Bill Williams' Chaos Theory, giving it a strong academic basis.
- Positive user reviews, for what it's worth.
Cons:
- High drawdown risk during sideways markets.
- Dependent on market conditions; not a one-size-fits-all solution.
- The review sample size is too small to be reliable.
Conclusion
So, is Trading Chaos Chart the holy grail of trading robots? Hardly. It appears promising in theory but suffers from the same pitfalls as most automated trading systems - dependency on market conditions and risk of drawdowns. If you're planning to invest, be cautious and diversify.
Source Code of Trading Chaos Chart
We do not have access to the original source code of the Trading Chaos Chart sold on MQL5. However, you can create a similar algorithm based on its description available on MQL5. This would involve coding the Alligator Indicator, Awesome Oscillator, Wisdom Bar, Fractals Indicator, and Gator Oscillator into a cohesive bot. If you have questions about the code, feel free to ask on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download Trading Chaos Chart Robot - Free Trading Bot
For those intrigued enough to try out a version of the Trading Chaos Chart, you can visit our site easytradingforum.com. Remember, this is a reconstructed version based on publicly available descriptions. We, the EASY Trading Team, do not sell the Trading Chaos Chart robot but have created this example based on its description.
Feel free to share your results and experiences with this robot on our forum. Your insights could be invaluable to fellow traders still on the fence.