Introduction
In the never-ending quest for the best trading tools, we have stumbled upon the AW Turtles EA. With a rating of 5 and positive first impressions from users like 'andit27', one might be tempted to jump the gun and declare it flawless. However, we're not so easily convinced.Features of AW Turtles EA
AW Turtles EA is designed to work with MetaTrader 5. The trading strategy is based on the classic turtle trading system, which captures mid-term or long-term trend changes. The EA makes decisions based on the open prices of bars, ensuring that backtesting results mirror live trading under similar conditions. It does not use risky strategies such as martingale, grid, or arbitrage, maintaining a decent risk-reward ratio. The bot supports both fixed lot sizes and dynamic lots based on account equity, providing flexibility.Analysis of Results
The AW Turtles EA has presented consistent results based on backtesting, reported by 'andit27'. But remember, backtesting is merely a simulation of historical market data and does not guarantee future results. For a proper assessment, we'll need to see more live trading results, preferably over a year. So, we'll hold judgement on this one. The detailed statistics can be found at https://forexroboteasy.com/trading-robot/aw-turtles-ea/.Strengths and Weaknesses
One main advantage of the AW Turtles EA is it's simplicity. It seems to be performing well without resorting to risky strategies. However, its weaknesses could be its reliance on trend continuation and a lack of versatility in different market conditions.Source Code of AW Turtles EA
Now, let's address the elephant in the room – we don't know the actual source code of the algorithm sold on MQL5. However, we can create a piece of code based on the description provided, keeping in mind that this would not be the original robot, but a version created for illustration. Should questions about the code arise, feel free to pose them. It's important to note that we are not selling AW Turtles EA, but merely providing an illustrative example based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Ready to Download AW Turtles EA?
Before unleashing the AW Turtles EA into your trading arsenal, ensure that you fully understand its operation. While our initial impressions are mostly positive, it's essential to remember that there's no such thing as a perfect trading robot. We encourage all traders to engage in a discussion about this EA on our forum, sharing their experiences and results. As always, trade safely and stay vigilant.Please note, that this is an example code created by the EASY Trading Team, based on a description of a robot sold on MQL5. We are not selling AW Turtles EA. For more such content, stay tuned to the easytradingforum.com.
