Introduction
Calm Kangaroo Forex is a sophisticated automated trading software specifically designed for the AUDCAD 1H currency pair. As members of the EASY Trading Team, we have thoroughly evaluated this robot's performance, features, strengths, and weaknesses. In this article, we will delve into the main functionalities of Calm Kangaroo, analyze its recent results, and discuss its pros and cons.Description of Features
Calm Kangaroo Forex utilizes a combination of the Bollinger Bands indicator, Simple Moving Average (SMA), and pending orders to execute trades. Key features include:- Bollinger Bands and SMA: Utilizes these indicators to identify potential trade opportunities.
- Pending Orders: Implements pending orders for optimized entry points.
- Fixed Lot Size: Trades are executed with a fixed lot size of 0.1, minimizing the need for user intervention.
- Optimized Settings: Most parameters are pre-optimized, ensuring ease of use.
- Time-Based Exit: The software operates from Monday to Friday with a preset Friday exit time of 20.40 hrs, which needs to be adjusted according to the user’s time zone and broker.
The software has undergone rigorous backtesting over an 18-year period with a 99% quality of modeling, and Monte Carlo analysis with 200 simulations, demonstrating its robustness.
Results Analysis
Over the past year, Calm Kangaroo Forex has shown stable performance with consistent profits. The detailed statistics available on the official review page highlight key performance indicators such as win rate, drawdown, and monthly returns. These metrics suggest that the robot consistently identifies profitable opportunities and effectively manages risk.Pros and Cons
Pros:- Robust Performance: Stable and consistent results over extended backtesting and real-time periods.
- Ease of Use: Pre-optimized settings reduce the need for constant adjustments.
- Risk Management: Effective implementation of Bollinger Bands and SMA for identifying low-risk entry points.
Cons:
- Broker Dependency: Performance can be influenced by the broker’s conditions such as spreads and execution speed.
- Limited Customization: Although pre-optimized, users might find the lack of customization limiting.
- Fixed Lot Size: The fixed lot size of 0.1 may not suit all trading accounts, particularly those with smaller balances.
Conclusion
Calm Kangaroo Forex is a robust and reliable trading robot designed for AUDCAD 1H. Its combination of advanced indicators and pending orders has proven effective in both historical and real-time scenarios. While it offers ease of use and stable performance, some users may find the fixed lot size and limited customization restrictive. We encourage users to share their experiences and results on the forum for further discussion.Source Code of Calm Kangaroo
While we do not have access to the original source code of the Calm Kangaroo robot sold on MQL5, we can create a sample code based on its described functionalities. If you have any questions regarding the code, please feel free to ask. Remember, this is an example code from easytradingforum.com, inspired by the description of the Calm Kangaroo robot available on MQL5. Note that the EASY Trading Team does not sell the Calm Kangaroo robot; we only provide a custom code based on its description.
Code:
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