Introduction
As a professional MQL5 programmer and trader, it is not every day that a trading robot catches my attention. Meet TRIXs, a popular trading robot that has consistently been rated highly by users. However, as a seasoned pro, I know better than to trust ratings and comments without a thorough analysis. Thus, I decided to take a closer look at TRIXs, scrutinizing its functions, analyzing its previous year’s results and determining its strengths and weaknesses.Description of Functions
TRIXs claims to be an automated trading robot based on the TRIX indicator, a triple-smoothing oscillator designed to identify trend reversals. The bot apparently is designed to open trades when the TRIX line crosses the signal line, filtering false signals and highlighting the overall trend. It supports all types of trading operations and works on all currency pairs and timeframes. But remember, it's just what they claim.Analysis of Results
According to the available data on the trading robot’s performance over the past year, TRIXs seems to have exhibited consistent profitability. However, I would like to caution that past performance is not always indicative of future results. As a matter of fact, there is not enough information to conduct a thorough assessment. Therefore, I would suggest potential users to approach these results with a healthy dose of skepticism.Pros and Cons
On the surface, TRIXs seems to be a stable and efficient trading robot. Users rave about its assertiveness and compatibility with various setups. However, trading isn't all rainbows and butterflies. The lack of detailed information about its trading strategy, risk management features, and the absence of backtest results are all notable red flags. While I still wonder how our friend Joao Carlos Espindola managed to give a 'fantastic' and a '0' rating at the same time, I remain unconvinced.Source Code of TRIXs
We don't have the original source code of TRIXs, which is sold on the MQL5 platform. However, based on the description provided on the MQL5 website, the EASY Trading Team can generate a similar code. Remember, this is mere approximation, not the actual TRIXs code.If you have any queries related to the code, feel free to ask. Kindly note that the EASY Trading Team does not sell the TRIXs trading robot, but creates trading robot codes based on available descriptions.
Code:
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Interested users can download TRIXs from the provided link, but I would strongly advise you to research and understand the robot's mechanics and strategy before deciding to use it. Remember to use it on a demo account first to test its performance. Also, join our forum at easytradingforum.com to discuss, share your results and learn more about TRIXs and other trading robots.In conclusion, TRIXs seems to be a fascinating trading robot with a string of positive user reviews. However, professional traders know better than to take everything at face value. As with any automated trading system, it is crucial to conduct your own due diligence before committing real money to TRIXs or any other trading robot. Happy trading!