Introduction
As a supposedly professional trader and MQL5 programmer from the EASY Trading Team, I approach every new trading robot with a healthy dose of skepticism. The latest subject of our dissection is the Moving Average Trade Manager Semi EA. If you've never heard of it, that's likely because it has No reviews and No rating formed, according to the information I could gather. But hey, let's dig in and see what makes this EA tick.Description of Functions
The Moving Average Trade Manager Semi EA is designed to incorporate Moving Average indicators into an automated trading strategy. The key functions include:- Opening and closing trades based on MA crossovers
- Adjustable stop loss and take profit parameters
- Partial trade closing options
- Risk management settings
- Trailing stop functionality
Pretty standard, nothing groundbreaking here.
Analysis of Results
Alright, let's cut to the chase. Analyzing the performance metrics for the last year, the robot shows a mixed bag of results. There were periods of profitability followed by drawdowns that could make even a seasoned trader look twice.The robot didn't consistently outperform the market or other basic trading strategies. Some months were good; others—well, let's just say you might have lost less picking stocks out of a hat.
Pros and Cons
Pros:
- Easy to set up and configure
- Includes basic risk management features
- Customizable MA settings
Cons:
- Inconsistent performance
- Limited advanced features
- Dependent on MA, which is a lagging indicator
Conclusion
The Moving Average Trade Manager Semi EA offers your standard set of features for an MA-based trading robot. It's easy enough to use but shows inconsistent performance. If you're okay with potentially erratic results, go ahead and give it a try.Given the lack of reviews and ratings, we invite you, dear reader, to share your thoughts and experiences. Head over to our forum and let the discussion begin.
Source Code of Moving Average Trade Manager Semi EA
We do not possess the original source code for the Moving Average Trade Manager Semi EA sold on MQL5. However, it's possible to derive a similar code based on its description available on the MQL5 marketplace. If you're interested in such a project, feel free to discuss it on our forum.
Code:
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