Introduction
Alright, let's cut to the chase. You're probably here to find out whether the Advanced Parabolic SAR Scanner is worth your time and money. I've seen my fair share of trading robots, and skepticism runs deep in my veins. But let's give this one a fair shot.
Description of Functions
The Advanced Parabolic SAR Scanner isn't exactly revolutionary. It's a tool designed to scan multiple timeframes (TFs) and currency pairs using the Parabolic SAR indicator. Here are the main features:
- Scans multiple timeframes and currency pairs simultaneously.
- Customizable parameters for the Parabolic SAR.
- Provides alerts when new signals are detected.
- User-friendly interface.
- Integration with MetaTrader 5 for easy execution.
From the user comments, it sounds like it's easy to use and fairly customizable. Great. But let's not get ahead of ourselves.
Results Analysis
The real meat and potatoes. The results over the past year, according to the detailed statistics on this site, show consistent performance. While consistency is good, our first question is: how sustainable is it? Market conditions change, and any decent trader knows that past performance is no guarantee of future results.
User reviews are glowing, with ratings like:
- Bought this scanner a couple of months ago and it works great... Easy to use and very accurate and customizable... If you use the SAR signal you will love this. – go_jack
- Very useful tool and easy to use. Saves me plenty of time each day trying to scan various TFs over various pairs. Once the alert is shown, then I just zoom in on the exact entry TF and place my trades, thanks a lot!! – drwhiz
Alright, good for them. But I'm more interested in real trading results and not just subjective experiences. If you're looking to get rich quickly, trading robots seldom deliver on that front.
Pros and Cons
Pros:
- User-Friendly: Even beginners can navigate it with ease.
- Customizable: Adjust parameters to fit your trading style.
- Time-Saver: Speeds up the process of scanning multiple pairs and TFs.
Cons:
- Dependent on Market Conditions: Parabolic SAR is a trend-following indicator; it might struggle in ranging markets.
- No Magic Bullet: It's not going to make you rich overnight.
- Subjective Reviews: While positive, user reviews are anecdotal and not data-driven.
Conclusion
So, is the Advanced Parabolic SAR Scanner worth it? If you need a tool to save time and help you catch trends, it might be. Just don't expect miracles. Use it as part of a broader strategy, and keep your expectations realistic.
Source Code for Advanced Parabolic SAR Scanner
We don't have the actual source code of the original robot sold on MQL5, but based on the description, we can create a similar code. If you have questions about the code, feel free to ask. Remember, this is an example code from easytradingforum.com, inspired by the robot's description on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.Download Advanced Parabolic SAR Scanner
Interested? You can download the Advanced Parabolic SAR Scanner here. Remember, the EASY Trading Team isn't selling this robot; we've just created a code based on its description. Got questions? Fire away.