Gann Retracements Octaves

[TopicStarter]

Introduction​

So, you've stumbled upon the Gann Retracements Octaves trading robot. Congratulations, or maybe not. As a professional trader and MQL5 programmer from the EASY Trading Team, I've seen my fair share of trading bots. Spoiler alert: I'm not easily impressed. Let's dive into the so-called features and results of this robot, and see if it's worth your hard-earned money.

Description of Features​

The Gann Retracements Octaves robot claims to use the Gann theory and octave-based retracement levels to make trading decisions. Here's a rundown of its main features:

• Automated Trading: The bot handles a variety of market conditions without human intervention.
• Gann Theory: Uses principles from the Gann method for market analysis.
• Octave Retracements: Implements octave-based retracements to identify trade opportunities.
• Risk Management: Includes configurable settings for stop-loss and take-profit limits.
• Compatibility: Works on MT5 and is designed for various asset classes.

Analysis of Results​

Now, let's get down to brass tacks. Over the last year, the performance of the Gann Retracements Octaves robot has been, shall we say, underwhelming. Here are some key metrics:

• Return on Investment (ROI): Stagnant. There hasn't been any significant profit to speak of.
• Drawdown: Riskier than a tightrope walk without a net. High drawdown levels have been reported.
• Consistency: About as consistent as a teenager's mood swings. Results vary wildly from month to month.

For those who are intrigued enough to check the statistics, here's the link: Detailed Statistics on Gann Retracements Octaves.

Pros and Cons​

Let's break it down.
Pros:

• Fully automated, so no need to babysit it.
• Incorporates Gann and octave theories.
• Customizable risk management settings.

Cons:

• Lackluster performance over the last year.
• High drawdown levels.
• Inconsistent results.
• No user reviews or ratings. (Suspicious, isn't it?)

Conclusion​

The Gann Retracements Octaves robot might sound fancy, but its performance leaves much to be desired. The lack of user reviews and ratings doesn't inspire confidence either. My professional opinion? Approach with caution. Better yet, join the discussion and share your own experiences on our forum.

Source Code for Gann Retracements Octaves​

We don't have access to the original source code for the Gann Retracements Octaves robot sold on MQL5. However, if you're keen, we can create a custom bot based on the description available on the MQL5 website. If you have any questions about the code, feel free to ask. Just remember, our creation isn't the same as the one sold on MQL5.

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Download the Gann Retracements Octaves Robot​

Got questions or feedback about our custom code? Hit us up. Just to clarify, we at EASY Trading Team don't sell the Gann Retracements Octaves robot; we only created a version based on its description. Happy trading—or not.