Introduction
Let's dive into the world of 'EA Among us', a Forex trading robot developed by Vladimir Stepanov. This EA has been making waves in the trading community, boasting a rating of 4.61 and receiving rave reviews from users. But does it live up to the hype? Let's dissect its features and performance to find out.Description of Features
'EA Among us' uses the Trend Wave indicator to identify the beginning and end of new wave trend movements. This oscillator pinpoints overbought and oversold zones, aiming to catch short-term price reversals. The robot employs a martingale strategy to close all trades in profit, which, let's be honest, is a double-edged sword. The EA is designed to work best on M15 or higher time frames and is compatible with various currency pairs, excluding the volatile JPY and CHF pairs.Key parameters include:
- MaxBuys and MaxSells: Limits the number of buy and sell orders.
- Dynamic Lot Sizing: Adjusts lot size based on account equity.
- Martingale Coefficient: Increases lot size after a losing trade.
- Grid Distance: Distance between orders.
- Take Profit and Stop Loss: Risk management tools.
- Overlap: Reduces drawdown by closing the last profitable and first unprofitable orders.
Performance Analysis
User reviews are overwhelmingly positive. Dedy Syahputra calls it the Best EA in the Market for Me, while Вячеслав praises its stability and low drawdown with conservative settings. However, these glowing reviews should be taken with a grain of salt. The martingale strategy can be risky, and its success heavily depends on market conditions and proper parameter settings. Over the past year, the EA has shown consistent performance, but it's not without its pitfalls.Pros and Cons
Pros:- Effective in identifying short-term price reversals.
- Dynamic lot sizing helps manage risk.
- Positive user feedback and high rating.
Cons:
- Martingale strategy can amplify losses.
- Requires careful parameter management.
- Not suitable for volatile pairs like JPY and CHF.
Conclusion
'EA Among us' is a robust trading robot with a lot of potential, but it's not a magic bullet. Its success hinges on proper settings and market conditions. While user reviews are positive, the inherent risks of the martingale strategy cannot be ignored. Traders should approach with caution and continuously monitor performance.Source Code of EA Among us
We don't have access to the original source code of 'EA Among us' sold on MQL5, but we can create a similar code based on its description. If you have any questions about the code, feel free to ask. This example code is provided by easytradingforum.com and is based on the description of the robot sold on MQL5. Note that the EASY Trading Team does not sell 'EA Among us'; we only created a code based on its description.
Code:
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