Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, it's my job to scrutinize every trading robot with a critical eye. The AW Trend Predictor is no exception. With a user rating of 4.74 and mixed reviews, it's time to dissect this robot's capabilities and see if it lives up to the hype.Description of Features
The AW Trend Predictor boasts a combination of trend and breakdown levels in one system. Its advanced algorithm filters market noise, determines trends, and identifies entry and exit points. The indicator calculates Take Profit (TP) and Stop Loss (SL) levels and provides three different TP strategies:- Close the entire position when reaching TP1.
- Close 50% of the position upon reaching TP1 and the remaining 50% upon reaching TP2.
- Close the entire position in a trend reversal.
Analysis of Results
Over the past year, the AW Trend Predictor has shown mixed results. Some users, like olek80 and umedanano, have praised its accuracy and usefulness, claiming immediate wins. However, others, like forexdot, have criticized it for merely reading historical data and plotting attractive graphs, which can be misleading. This disparity in user experiences suggests that while the indicator has potential, it may not be foolproof.Pros and Cons
Pros:- Advanced algorithm for filtering market noise.
- Accurate trend detection and entry/exit points.
- Customizable TP and SL levels.
- Built-in statistical module for performance analysis.
Cons:
- Mixed user reviews, indicating inconsistent performance.
- Potential for misleading signals based on historical data.
- Requires a well-rounded trading strategy for optimal use.
Source Code of AW Trend Predictor
We don't have access to the original source code of the AW Trend Predictor sold on MQL5. However, based on its description, we have created a sample code that mimics its functionalities. This code is available for review and modification on our forum. It's important to note that the EASY Trading Team does not sell the AW Trend Predictor; we only provide a code example based on its description.
Code:
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If you have any questions about the code or its implementation, feel free to ask on our forum. Remember, this is a sample code created by the EASY Trading Team based on the description of the AW Trend Predictor sold on MQL5. We encourage users to discuss this robot and share their results on our forum.In conclusion, while the AW Trend Predictor has some promising features, it's essential to approach it with realistic expectations and integrate it into a comprehensive trading strategy.
