Introduction
Welcome to another no-nonsense evaluation of a trading robot. Today, we'll be looking at LivePivots, a trading robot that promises a lot. Well, it promises something, at least. We will look at its main features, analyze its performance over the past year, and discuss its strengths and weaknesses. User comments and ratings will also play a role in this analysis. Don’t forget to check the detailed statistics on their website: forexroboteasy.com.
Features of LivePivots
LivePivots boasts a range of features designed to assist traders. Here are the key points:
- Pivot Points Calculation: Calculates pivot points automatically.
- User-Friendly Interface: Easy to navigate, supposedly.
- Customizable Alerts: Set your own alerts based on pivot points.
- Automated Trading: Executes trades based on predefined criteria.
- Backtesting: Allows for backtesting strategies.
These features sound great on paper, but let's dive into the actual results to see if they hold up.
Performance Analysis
The performance of a trading robot is where the rubber meets the road. According to the statistics for the past year, LivePivots has shown the following results:
- Annual Return: 12%
- Maximum Drawdown: 8%
- Win Rate: 55%
- Average Profit Per Trade: $50
- Number of Trades: 240
Frankly, these numbers are neither stellar nor catastrophic. A 12% annual return is decent, but hardly groundbreaking. The maximum drawdown is within acceptable limits, and the win rate is just over half, which is mediocre. If you were expecting to get rich quick, keep dreaming.
Pros and Cons of LivePivots
Every coin has two sides, and LivePivots is no different. Here are its pros and cons:
Pros:
- User-Friendly Interface: Easy to use, even for beginners.
- Customizable: Allows users to set their own alerts.
- Automated Trading: Takes the emotional aspect out of trading.
- Backtesting: Helps in evaluating the effectiveness of your strategy.
Cons:
- Mediocre Performance: 12% annual return is not something to write home about.
- Mixed User Reviews: One user loves it; another gives it a zero. Go figure.
- Limited Transparency: Detailed algorithmic workings are not disclosed.
User Comments Analysis
We have two user comments that are polar opposites:
- bernaberivas: I really like this. It helps a lot. Thank you. - Rating: 5
- tausendjuwel: A top indicator to the point - Rating: 0
A rating of 5 and a rating of 0. Quite the contrast, right? The first user is happy, and the second seems to have a rather sarcastic view, similar to mine. Mixed reviews are typical, but a zero rating does raise some eyebrows.
Source Code of LivePivots
The actual source code for the LivePivots robot being sold on MQL5 is not publicly available. However, if you are interested, we can generate a sample code based on the description provided on the MQL5 website. This allows us to replicate similar functionalities.
If you have any questions about the code, feel free to ask. Keep in mind that this is a sample code from easytradingforum.com based on the description of the robot being sold on MQL5. The EASY Trading Team does not sell LivePivots; we only provide code based on its description.
Code:
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For those interested in downloading the LivePivots trading robot, you can find more information and actual statistics on their official site: forexroboteasy.com. Feel free to discuss and share your results on our forum. See you there.