Introduction
Evaluating trading robots can be as thrilling as watching paint dry, but someone's got to do it. Today, we're going to take a closer look at the MA Crossover Scanner. Despite my skepticism, this robot claims to offer a reliable solution for identifying potential trades based on moving average crossovers. Well, let's get on with it.
Description of Features
The MA Crossover Scanner is designed to monitor multiple currency pairs and alert you when a moving average crossover is about to occur. Quite riveting, isn't it? Here are its primary features:
- Monitors multiple currency pairs simultaneously.
- Sends alerts when a crossover is imminent (XUP & XDN) and when it has actually occurred (UP & DN).
- Customizable settings for different moving averages.
- Option to display charts in new tabs or the same screen.
- User-friendly interface for easy navigation.
One user, SurfsideTrader, has some less-than-thrilled feedback. He finds the endless stream of potential crossing alerts (XUP & XDN) quite annoying and rightly so. Who wants a constant barrage of maybe alerts? He suggests options to receive notifications only on actual crossovers and the ability to open charts in the same screen to save computer resources.
Performance Analysis
You want numbers, don't you? Unfortunately, I don't have direct access to the robot's performance data. According to public sources, there isn’t a formal review or rating for the MA Crossover Scanner yet. The detailed statistics are available on their website: MA Crossover Scanner Statistics.
For a thorough analysis, look at the backtests and live performance results on their site. Just don't get your hopes up too high; these stats can be a bit... optimistic.
Pros and Cons
Let's break it down.
Pros:
- Monitors multiple pairs, saving you from screen overload.
- Customization options for different strategies.
- User-friendly interface.
Cons:
- Constant alerts for potential crossovers can be distracting.
- No formal reviews or ratings available.
- Resource-intensive if not managed properly.
Conclusion
The MA Crossover Scanner presents itself as a useful tool for traders who rely on moving average crossovers. However, the lack of user reviews and the annoyance of frequent maybe alerts might be a turn-off. Still, for those willing to tweak settings and manage alerts, it could be useful.
Source Code of MA Crossover Scanner
We don't have the original source code for the MA Crossover Scanner offered on MQL5. But don't fret; we can create a similar code based on its description. If you have any questions about the code, feel free to ask. This example is from easytradingforum.com, based on the description of the robot available on MQL5. Note that our team at EASY Trading Team does not sell the MA Crossover Scanner but has created code inspired by its description.
Code:
You don't have permission to view the code content. Log in or register now.Download the MA Crossover Scanner - Forex Trading Robot
If you're interested in giving this robot a whirl, head over to the official site to get more details: MA Crossover Scanner. And please, share your results and experiences on our forum. We could use a good laugh or a valuable insight.