Introduction
Today, we shall be examining the CAP Stochastic EA MT5 trading robot. With an average user rating of 4.25, the robot has garnered mixed but generally positive feedback from users. However, being in this business long enough, we know better than to believe everything we read. Let's have a closer look.Description of Functions
The CAP Stochastic EA MT5 trading robot operates based on the Stochastic Oscillator. It includes features such as Stochastic Trigger, a Grid system, and a maximum daily trade limit per currency pair. Users have praised its performance on the GBPUSD 3-minute timeframe, and its capability to deliver consistent results with conservative settings.However, be advised that the devil is in the detail.
Analysis of Results
One of the users claims to have achieved a daily return rate of 3% with a drawdown of less than 5%. Impressive as it may sound, remember higher returns often accompany higher risks.Now, let's address the elephant in the room. A user reported a loss of $165 in a single day. While we cannot substantiate this claim with hard evidence, it brings to light the possibility of substantial losses.
Further on, there were some issues reported regarding the 'Max trade a day (per pair)' function: it seems to falter occasionally. Another slight hiccup seems to be the grid system, which according to the feedback, does not always initiate the predicted number of trades.
Pros and Cons
On the bright side, the CAP Stochastic EA MT5 seems to have a strong record of delivering results, particularly with conservative settings. It's also praised for its ease of use and cost-effectiveness.However, bumps on the road include occasional software hitches and potential for heavy losses. More testing and review are required to determine whether these are isolated incidents or inherent flaws.
Source Code of CAP Stochastic EA MT5
We don't have the original source code of the CAP Stochastic EA MT5 sold on MQL5. However, we can create code inspired by its description on the MQL5 website. For any questions or doubts related to this code, feel free to ask on easytradingforum.com. Remember, this is not the actual code of the original robot but a creation of the EASY Trading Team based on the robot's description.
Code:
You don't have permission to view the code content. Log in or register now.Download CAP Stochastic EA MT5 Code for Free
Users can download the CAP Stochastic EA MT5 code free of charge at our website. If you have any inquiries or issues, don't hesitate to start a discussion at our forum.Note: EASY Trading Team does not sell the CAP Stochastic EA MT5 - we merely provide a trading robot code based on its description. As always, proceed with caution, and happy trading!