Introduction
In the ever-evolving world of trading, robotic solutions often promise the moon, but getting there can be a bumpy ride. Today, we'll take a closer look at the Hundred Egg EA, examining its features and performance as reported by users, including the not-so-stellar review from a particular user named mickeekung.Features Description
The Hundred Egg EA primarily trades on the AUDCAD and NZDCAD currency pairs. According to its marketing, this EA is designed for traders with a minimum balance of $2000, starting with a lot size of 0.01. The robot likely utilizes some kind of trend-following or mean-reversion strategy, but precise logic is rarely revealed in such products. Typical features may include:- Automated trading on specific currency pairs
- Risk management parameters (though not confirmed)
- Adjustable settings for lot size and other trading parameters
- Backtesting capability (with mixed results, apparently)
Performance Analysis
Now, let’s shed some light on the performance data. User mickeekung rated the robot a mediocre 3 out of 5. The backtesting results show a catastrophic wipeout in December 2022 concerning the AUDNZD pair, which doesn't instill a lot of confidence. Moreover, significant drawdowns were reported for AUDCAD and NZDCAD between June and July 2023.In a nutshell, the results suggest that while there might be some potential, the Hundred Egg EA has not consistently delivered reliable performance. It seems to struggle with maintaining profitability, and the discrepancy between backtested results and real-time performance raises eyebrows.
Pros and Cons
To sum it up, here are the apparent pros and cons of the Hundred Egg EA:Pros:
- Automated trading can save time
- Targeted currency pairs might appeal to some users
Cons:
- Lack of transparency in performance results
- Significant drawdowns reported
- Backtest results do not match present performance
Source Code of Hundred Egg EA
It's worth mentioning that the original code of the Hundred Egg EA remains a mystery, especially for the version sold on MQL5. However, we can create our own code inspired by the descriptions available on the MQL5 website. The key takeaway is that the actual code behind this EA is not accessible to the public.The EASY Trading Team does not sell the Hundred Egg EA; instead, we've developed a sample code based on its description for educational purposes. If anyone is curious about the code or has questions, feel free to ask.
Code:
You don't have permission to view the code content. Log in or register now.Download Hundred Egg EA: Explore User Experiences
If you’re contemplating the effectiveness of the Hundred Egg EA, we invite you to discuss your findings on our forum. Share your results and insights with the community. Remember, there’s a wealth of knowledge in collective experiences, and the Forex trading arena is no fun when navigated alone.For more details on the robot, you can visit this link. Feel free to ask any questions regarding the code or the EA itself; after all, informed decisions are always the best decisions.