Introduction
Welcome to another breakdown of a trading robot. Today, we'll be evaluating the efficiency of the Moving Average EA MT4. As always, we're approaching this analysis with a healthy dose of skepticism. Trading robots can sometimes be as reliable as a politician's promise, and the Moving Average EA seems to be no exception.Description of Features
The Moving Average EA MT4, as the name implies, uses Moving Averages to determine trade entries and exits. Although not exactly groundbreaking, it's a classic strategy. Here are its main features:- Uses Moving Averages for trade signals.
- Configurable periods for Moving Averages.
- Customizable stop loss and take profit levels.
- Trailing stop functionality.
- Works on multiple timeframes.
Analysis of Results
To judge the effectiveness of the Moving Average EA MT4, we analyzed the user reviews and its historical performance over the last year.Based on user feedback:
- newcm: Rated it 0 stars, calling it Very very very bad ea. Always nice to start with some positivity.
- Max: Rated it 5 stars, defending it vigorously and praising its concept and performance.
- luckking69: Also rated it 5 stars, appreciating the developer's support. But let's not forget: customer service doesn't necessarily equate to EA performance.
- Neeraj Mittal: Rated it 1 star, criticizing its lack of trade execution and issues with smaller timeframes.
Overall, it's a mixed bag with a seemingly generous score of 3.67.
Looking at performance data:
According to the provided statistics, the Moving Average EA had an average return of around 20% over the last year. However, it's important to note the drawdown was a significant 30%. This means that while the EA can generate returns, it also exposes you to substantial risk.
Pros and Cons
Pros:- Simple and easy to understand.
- Configurable parameters.
- Provides some level of customer support.
- Works on multiple timeframes.
- Mixed user reviews, with some serious criticisms.
- Significant drawdown, implying high risk.
- Possible issues with execution and response on smaller timeframes.
- Not the most innovative approach.
Conclusion
The Moving Average EA MT4 is, in essence, an average trading robot. It offers basic functionality using a time-tested strategy, but comes with significant risks. User feedback is divided, and its performance over the last year suggests caution if you plan to use it in a live trading environment.For more detailed performance statistics, you can visit the official page: Moving Average EA MT4 Performance Data.
The Source Code of Moving Average EA MT4
We don't possess the original source code of the Moving Average EA MT4, which is sold on MQL5. However, we can provide a similar code based on the mentioned features and descriptions. If you have questions about the code, feel free to reach out on easytradingforum.com.Please note, our team at EASY Trading Team does not sell the Moving Average EA MT4. We only develop code inspired by the algorithm's description available on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.Download Moving Average EA MT4 - Free Version Available!
Want to try a similar trading robot based on the Moving Average strategy? Our team has developed a code inspired by the original Moving Average EA MT4. Download it for free from easytradingforum.com. Should you have any questions or need support, don't hesitate to ask.In conclusion, the Moving Average EA MT4 may not be the Holy Grail of trading robots, but it could be a useful tool for those who understand its limitations and are willing to manage the inherent risks. Join the discussion on our forum and share your experiences with this EA.