Introduction
So, here we have another trading robot, VirtualDealer. It has a rating of 5 and a singular glowing review by bastienppn on MQL5. I’m sure you’re already intrigued. But before you get too excited, let’s dig deeper and see if this robot is worth its salt. You know, the usual - go through its functions, analyze some results, and poke at its strengths and weaknesses.
Description of Functions
The VirtualDealer robot comes with several interesting functions:
- Order Execution Control: Claims to manage execution speed to avoid slippage and requotes.
- Spread Monitoring: Monitors and adjusts trading behavior based on current spread conditions.
- Latency Arbitrage: Takes advantage of latency differences between brokers.
- Virtual Stops: Uses virtual stop losses and take profits to avoid broker manipulation.
- News Filter: Avoids trading during significant news events to reduce risk.
Big promises, but let’s see how it holds up in the real world.
Analysis of Results
Over the past year, the VirtualDealer has shown some interesting results. According to the detailed statistics on Forex Robot Easy, here’s the breakdown:
- Annual Return: 25%
- Maximum Drawdown: 15%
- Winning Trades: 65%
- Losing Trades: 35%
- Average Trade Duration: 2 hours
- Profit Factor: 1.75
Not bad, but these are just numbers. Let’s critically analyze these figures.
Pros and Cons
Pros:
- Good annual return of 25%, which is generally above average.
- Reasonable drawdown, indicating risk management is somewhat under control.
- Decent profit factor of 1.75, suggesting it's profitable.
Cons: - The winning trade percentage isn’t spectacular. 65% is good, but not “amazing”.
- Average trade duration of 2 hours might be problematic for those who prefer longer trades.
- The true effectiveness of fancy features like Virtual Stops and Latency Arbitrage is always up for debate. Actual performance can drastically differ from backtests.
Conclusion
To sum it up, VirtualDealer has some promising features and decent performance metrics. However, it’s always wise to take such results with a grain of salt. Backtests rarely replicate real-world conditions due to varying market dynamics. Therefore, it’s essential to test this robot on a demo account before committing real money.
I’d encourage you all to discuss your experiences with VirtualDealer on the forums. Share your successes and failures - you know, the usual drill. The more data we have, the better we can judge its true worth.
The Source Code of VirtualDealer
Ah, the source code. Well, we don’t have the actual original source code of VirtualDealer. But based on the description available on MQL5, we can certainly draft a code. Easy Trading Team isn’t selling this robot; we just created a code example based on its description. If you have any questions regarding this code, feel free to ask on the forum at easytradingforum.com.
Code:
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If you’re eager to jump right in, you might want to head over to MQL5 to download VirtualDealer. Don’t forget to come back and share your results. Test diligently and trade wisely.