Introduction
Alright, so we've got another trading robot to look at, this time it's EA Gideon. This is one of those robots that promises to turn your investment into a goldmine. Cool story, bro. Let's see what the data really says.
Description of Functions
EA Gideon comes with a set of features that are supposed to make your trading life easier. Here are its main functions:
- Automated Trading: Executes trades automatically based on pre-set conditions.
- Risk Management: Claims to manage your risk by adjusting lot sizes and stop-loss levels.
- Market Analysis: Uses indicators to analyze the market and decide when to enter or exit trades.
- Backtesting Capability: Allows you to test the robot against historical data.
Well, it sounds decent on paper. But let's see how it performs in the real world.
Analysis of Results
So, about the results for the past year. I had a look at the detailed statistics on their site - https://forexroboteasy.com/trading-robot/ea-gideon/.
The robot has a high rating and one enthusiastic review from a user named Sushil Sarasar, who gave it 5 stars and called it a Profitable EA. One review. Sure, that's reliable.
Over the last year, the robot has shown the following results:
- Average Monthly Return: Approximately 5%
- Drawdown: 20%
- Win Rate: 70%
A 5% monthly return sounds impressive, but a 20% drawdown? That's a bit concerning. A high win rate is good, but it doesn't tell the whole story, does it?
Pros and Cons
Here are the pros and cons of EA Gideon, based on available data and user feedback.
Pros:
- Automates trades, saving time
- High win rate of 70%
- Decent average monthly return
Cons:
- High drawdown of 20%
- Limited user reviews - not much social proof
- Performance can vary depending on market conditions
Conclusion
In summary, EA Gideon shows potential but has its risks. The high drawdown is a red flag and the limited user feedback doesn't help its credibility. It's worth discussing this robot on the forum and hearing more about real-world experiences.
Source Code for EA Gideon
Now, let's talk about the source code. Unfortunately, we don't have the actual source code for the original EA Gideon sold on MQL5. However, based on the description and available data, we can create a similar code. If you want to dive into MQL5 coding, feel free to ask questions on our forum.
Code:
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If you're curious or brave enough to try EA Gideon, you can find it here. Remember, our team at EASY Trading Team does not sell the EA Gideon. We just provide code based on its description. Happy trading (or not).