Introduction
Evaluating the efficiency of trading robots is always an interesting exercise, mostly because every new revolutionary tool claims to be the answer to all our trading woes. The trading robot in question today is the Tsi Ergodic William Blau. With a name that screams complexity, it's worth seeing if it offers more than just fancy terminology. The robot has gathered positive user reviews and boasts a perfect rating of 5. But let's dig deeper than just surface-level feedback.
Description of Features
The Tsi Ergodic William Blau combines elements from True Strength Index (TSI) and the Ergodic Oscillator, originally developed by William Blau. Its primary functions include:
- Calculating the price momentum to identify overbought and oversold conditions.
- Improving the accuracy of entry and exit points through advanced filtering.
- Providing visual cues on charts for better decision-making.
- Automatic adjustment of sensitivity based on market conditions.
These features are designed to enhance your trading strategy by providing more reliable signals.
Analysis of Results
Let's get to the meat of it—how has this robot performed over the past year? According to detailed statistics available on forexroboteasy.com, the robot has shown:
- An average monthly return of 2.5%
- A maximum drawdown of 12%
- A win rate of 65%
- A Sharpe Ratio of 1.5
These results are decent but not eye-popping. A 2.5% average monthly return is stable but won't make you rich overnight. The 12% drawdown is manageable, suggesting some level of risk control. A win rate of 65% is respectable but not extraordinary.
Pros and Cons
Let's break down the pros and cons of the Tsi Ergodic William Blau:
Pros:
- Highly customizable settings.
- Good balance between risk and reward.
- Positive user feedback.
Cons:
- Performance can be underwhelming in volatile markets.
- Requires a proper understanding of its settings for optimal use.
- Not a miracle worker—don't expect to get rich quickly.
Conclusion
In summary, the Tsi Ergodic William Blau is a solid tool that won't revolutionize your trading but will add value if used correctly. Its features are rich, and the performance metrics are stable, though not spectacular. If you're looking for a reliable, customizable trading robot, this could be a good fit. However, always employ it as part of a diversified strategy.
Source Code of Tsi Ergodic William Blau
Unfortunately, we don't have access to the original source code of the Tsi Ergodic William Blau sold on MQL5. However, it's possible to develop a similar algorithm based on the descriptions available. If you're interested in creating your own version, stay tuned to easytradingforum.com where we often share examples of how to code such algorithms.
Code:
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If you have any questions about the code or its implementation, don't hesitate to ask. Remember, this example code is provided by easytradingforum.com and is based on the publicly available description of the Tsi Ergodic William Blau. Note that EASY Trading Team does not sell the robot but provides the code based on its description.
Feel free to share your experiences and discuss the Tsi Ergodic William Blau on the forum. Let's see if this robot is as good as its reviews suggest.