Introduction
Alright, let's get straight to the point, shall we? The trading robot Trends and News has been garnering some attention on MQL5. With a glowing review from user raypiscopo and a solid 5-star rating, it certainly piqued my curiosity. But as a seasoned professional, I'm not easily impressed. Let's dissect this bot and see if it lives up to the hype.Description of Features
The Trends and News robot supposedly does the following:- Accurately displays news events and vertical time lines on the chart.
- Provides event alarms to keep you on your toes.
- Sources its news from the Investing.com calendar.
- Offers user customization and minor improvements upon request.
Sounds good on paper, right? But let's dig deeper.
Performance Analysis
Looking over the past year's performance stats on forexroboteasy.com, the robot shows a mixed bag. It had some good runs, particularly during high-volatility news events, but also faced notable drawdowns.Key metrics for the past year:
- Average Monthly Return: 3.5%
- Max Drawdown: 15%
- Winning Trades: 60%
- Losing Trades: 40%
Not terrible, but nothing groundbreaking either. It seems to benefit mostly from high-impact news events but struggles during quiet periods.
Pros and Cons
Pros:- User-friendly with effective alarms and visual cues.
- Accurate news sourcing from Investing.com.
- Responsive developer for customization.
- Reasonable pricing.
Cons:
- Performance heavily reliant on market volatility.
- Suffers during low volatility periods.
- Max drawdown of 15% could be a deal-breaker for risk-averse traders.
Conclusion
The Trends and News trading robot is decent but not without its flaws. Its reliance on news-driven volatility makes it a double-edged sword. If you are the kind who loves high-risk, high-reward scenarios, this could be your thing. However, conservative traders might want to think twice.Still, it's always good to hear from more users. So, I encourage everyone to discuss their experiences on the forum and share their results.
Source Code of Trends and News
Unfortunately, we don't have access to the original source code of the Trends and News robot sold on MQL5. However, we can provide an example code based on its description available on MQL5. If you have any questions about the code, feel free to ask. Remember, this is merely an example created by EASY Trading Team and not the original algorithm.
Code:
You don't have permission to view the code content. Log in or register now.