Introduction
Evaluating the efficiency of a trading robot is like walking through a minefield: one misstep, and you could be in for a nasty surprise. Today, we'll dissect the Yesterday High Low robot, which, based on the less-than-elaborate user feedback from laredo35 and an impeccable rating of 5, appears to be one of those robots that could either be a hidden gem or just another fancy tool. So, let's see what all the fuss is about.Functions Overview
The Yesterday High Low robot allegedly takes advantage of the high and low prices from the previous trading day to make its move. The robot employs a breakout strategy, placing buy and sell orders at these critical levels. Here are the main functions:- Order Placement: Places buy orders above the previous day's high and sell orders below the previous day's low.
- Stop Loss and Take Profit: Predefined levels to manage risk and reward.
- Trailing Stop: Adjusts the stop level to lock in profits as the market moves in favor.
- Parameters Customization: Adjustable settings for traders to tweak according to their preferences.
- Multi-Currency Support: Capable of trading multiple currency pairs simultaneously.
Performance Analysis
Let's get to the meat of it. The stats for the last year show a mixed bag. While the bot showcased promising peaks, it also demonstrated some worrying valleys. Here are some key points:- Drawdown: Not too heavy, but also not negligible.
- Profitability: Showed consistent, albeit modest, monthly gains.
- Risk-Reward Ratio: Balanced, but on a tighter scale.
- Win Rate: Approximately 60%, which is decent but not extraordinary.
Pros and Cons
It's not all rainbows and butterflies. Here's a no-nonsense look at what works and what doesn't:Pros:
- User-Friendly: Easy setup and configuration.
- Consistent Performance: Steady gains without too many sleepless nights.
- Risk Management: Built-in stop loss and trailing stop features.
Cons:
- Mediocre Returns: Not exactly life-changing.
- Limited Adaptability: Functions well in stable markets but struggles in volatile conditions.
- Lack of Transparency: The rating from laredo35 is rather vague - good doesn't really cut it.
Source Code of Yesterday High Low
We don't have access to the original source code of the Yesterday High Low robot sold on MQL5. However, based on the detailed descriptions and functions provided on the MQL5 listing, we could create a similar robot. If you're willing to go down this path, feel free to ask questions on our forum at easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download Yesterday High Low Trading Robot
For those eager to experiment with the Yesterday High Low robot, you can download it from the official website. Note that the EASY Trading Team doesn't sell this robot; we merely replicated its functionalities based on publicly available descriptions.Feel free to share your experiences and results on our forum. Let's separate the wheat from the chaff together.