Introduction
The EA Liuk Trend Limited is a free forex analysis software designed to aid traders in the complex world of currency trading. While it offers limited functionality, it can still be a valuable tool for those looking to make informed trading decisions in the Forex market. This review aims to provide a comprehensive analysis of its features, its performance over the last year, and its strengths and weaknesses.
Description of Features
Despite being free, the EA Liuk Trend Limited boasts several features that can significantly aid traders:
1. **Single-Entry Position System:** Unlike other trading robots that might use multiple entries, hedging, or Martingale methods, this EA focuses on single-entry positions. This approach can be less risky and easier to manage.
2. **Support and Resistance Settings:** Traders can set the Support and Resistance periods based on a specific number of candles. A longer period results in stronger support or resistance levels. The software also allows users to set the minimum pip range between these levels.
3. **Indicators and Stop Loss & Take Profit:** The EA allows traders to customize their trading strategies by setting various indicators, as well as Stop Loss and Take Profit levels. This flexibility is crucial for those who prefer a hands-on approach to their trading activities.
4. **Back-Testing Capability:** A significant advantage of the EA Liuk Trend Limited is its unrestricted back-testing capability. This feature allows traders to evaluate the effectiveness of their strategies without any limitations on the number of trades.
5. **Trade Limit:** The free version of this EA is limited to a maximum of 100 trades, which might not be sufficient for long-term strategies but can still be useful for short-term testing and learning.
Analysis of Results
Over the last year, the EA Liuk Trend Limited has shown mixed results based on user feedback and independent testing. The tool's performance varies significantly depending on market conditions and the specific strategies used. However, its ability to back-test without restrictions has been praised, as it allows for extensive testing and optimization of trading strategies before deploying them in a live environment.
Pros and Cons
Pros:
1. **Free to Use:** Offers valuable features without any cost.
2. **Customizable:** Allows for a high degree of customization in trading strategies.
3. **Back-Testing:** Unlimited back-testing capabilities provide a robust environment for strategy development.
4. **Single-Entry System:** Reduced risk due to the avoidance of complex trading methods like hedging and Martingale.
Cons:
1. **Trade Limit:** Only supports up to 100 trades, which may not be sufficient for extensive trading activities.
2. **Lack of Advanced Features:** While customizable, it lacks some of the advanced features available in paid EAs.
3. **Variable Performance:** Inconsistent results depending on the market conditions and strategies used.
4. **Unavailability of Source Code:** The original source code is not provided, limiting the ability to make deep customizations or improvements.
Original Source Code of EA Liuk Trend Limited
It is important to note that we do not have access to the original source code of the EA Liuk Trend Limited sold on MQL5. However, based on the description and features listed on the MQL5 website, it is possible to create a similar trading robot. If users have any questions about the code or need assistance in developing a similar EA, they are encouraged to ask.
The EASY Trading Team does not sell the EA Liuk Trend Limited. Instead, we have created a trading robot code based on the feature descriptions available, which can be found on the Forex Robot Easy site. Any queries regarding this code can be discussed on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download and Review EA Liuk Trend Limited
For those interested in the EA Liuk Trend Limited, you can review its detailed statistics and download it from the official website. We invite users to share their experiences and results on our forum to foster a community of informed and successful traders.