Introduction
Let's take a look at this trading robot called Two Snakes, a charming creature that has received a perfect rating of 5, according to user kalyana shriram and with a pleasing comment about its responsiveness. Yet, we all know how deceiving appearances can be, so let's put this slithering automaton under the microscope.
Description of Functions
The Two Snakes EA, as per the details presented on forexroboteasy.com, seems to function based on two indicators - the MACD and RSI. This serpentine bot hunts for volatile market trends in both bearish and bullish markets.
Analysis of Results
Now, this slippery EA boasts some impressive performance over the past year. Although we have to take into account that past performance does not guarantee future results. So, I invite you, fellow traders, to take this data with a grain of salt. After all, when dealing with these 'snakes', one should remain cautious.
Pros and Cons
Pros: The dual indicator approach gives the Two Snakes an edge in identifying potential market trends, and its reported responsiveness is an attractive feature.
Cons: However, heavily relying on indicators makes it susceptible to false signals and unpredicted market movements, such as surprise news events. Plus, its source code remains as elusive as a snake in the grass.
Source Code of Two Snakes
I regret to inform you that the original source code of the Two Snakes trading robot remains a mystery, much like the slithering creature's way through the grass. However, at easytradingforum.com, we can whip up a code based on the description provided by MQL5. Note that codes are like unique DNA, we can only attempt to create something similar, but it can never be a perfect replica.
Code:
You don't have permission to view the code content. Log in or register now.Download Two Snakes - Questions and Discussions
Let's get to the point, shall we? Questions about our example code? Shoot. But remember, this isn't the original Two Snakes EA sold on MQL5. This is our attempt to understand its workings. We, the EASY Trading Team, aren't the sellers of Two Snakes. We're like snake charmers, trying to make sense of its movements based on the tune played. Gather 'round, traders, and share your Two Snakes experiences, discuss strategies, and navigate potential pitfalls on our forum. Happy trading!