Introduction
Ah, the enigmatic world of trading robots. Everyone's on the lookout for the Holy Grail, and here we have Alert RSI under the magnifying glass. With a rating of 3.58 based on user reviews, it's not exactly making waves. Let's dissect this beast, shall we?Description of Features
Alert RSI is supposedly a straightforward robot designed to notify you when the Relative Strength Index (RSI) hits predefined levels. The idea is simple: set your RSI levels, and the robot alerts you when these levels are reached or crossed. Sounds easy enough, right? Some users seem to think so, with one even rating it a stellar 5 and calling it Cool—which is about as descriptive as calling a rainbow colorful.The robot doesn't give you much flexibility, though. One user laments the inability to modify alert parameters easily. If you're looking to change the period from 8 to 14, tough luck. You're stuck.
Performance Analysis Over the Last Year
If we look at the performance over the last year, it's a mixed bag. The robot sends alerts a bit too late for some users, which can be detrimental in fast-moving markets. It’s like finding out about a sale after all the good stuff is gone. Some traders appreciate the simplicity, but others, especially those needing real-time alerts, find it lacking.Pros and Cons
Let's break it down:- Pros:
- Simplicity: Easy to set up and use.
- Notifications: It does send alerts, eventually.
- Cons:
- Inflexibility: Cannot easily modify alert parameters.
- Timing: Sends alerts a little too late.
- Limited Info: Lacks detailed information in the alerts.
Conclusion
All in all, Alert RSI isn't rocking anyone's world. It's a basic robot that does what it promises—to a point. If you need something with more flexibility and real-time responses, you might want to look elsewhere or, better yet, write your own EA.Source Code of Alert RSI
Speaking of writing your own EA, we don’t have the actual source code for Alert RSI. What we can do is create a code based on its description available on MQL5. The original robot's source code remains a mystery, but why should that stop us? If you have questions about code, feel free to ask.The EASY Trading Team doesn't sell Alert RSI. We've merely created a trading robot based on the description available on MQL5.
Code:
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