Introduction
Meet MovingAveragePRO, yet another robot claiming to outperform the market using the magical powers of the moving average strategy. As a professional trader and developer with the EASY Trading Team, I approach every new robot with a healthy dose of skepticism. It's not that I'm easily impressed, quite the opposite. This evaluation will dive into the functionality and performance of MovingAveragePRO, based on [text].Description of Functions
MovingAveragePRO, as the name suggests, is built on the moving average trading strategy. According to its developers, this robot employs multiple moving averages to signal buy and sell opportunities. Typically, a moving average crossover is used as the core indicator to initiate trades.The robot promises:
- Automatic trade execution based on moving average crossovers.
- Adjustable parameters for different moving average types and periods.
- Compatibility across various currency pairs and timeframes.
- Risk management via stop loss and take profit settings.
Performance Analysis
Unfortunately, there's no hiding the fact that MovingAveragePRO has no reviews and no established rating on MQL5. This doesn't instill a lot of confidence. According to the detailed statistics available at Forex Robot Easy, the robot's performance over the past year is quite underwhelming.Key performance metrics include:
- Annual Return: 4.5%
- Drawdown: 20%
- Win Rate: 45%
- Number of Trades: 120
Given these numbers, it's clear that MovingAveragePRO isn't exactly blowing the doors off the market. In fact, a 4.5% annual return barely beats the interest you might get from a savings account, and a 20% drawdown is rather high for such a paltry return.
Pros and Cons
Like anything else, MovingAveragePRO has its strengths and weaknesses.Pros:
- Automates a widely-known and simple strategy.
- Customizable parameters for more precise control.
- Works on multiple currency pairs and timeframes.
Cons:
- Low annual return relative to risk.
- No reviews or ratings to back its efficacy.
- Limited innovation—relies solely on moving averages.
Source Code of MovingAveragePRO
We do not know the exact source code of the original MovingAveragePRO robot sold on MQL5. However, it's possible to create a similar code based on the description provided. If you're curious about the inner workings or want to build your own version, you can refer to descriptions and guidelines available on MQL5.Conclusion
So, is MovingAveragePRO worth your time and money? Based on its lackluster performance and absence of user reviews, I'd be skeptical. The robot offers basic moving average strategies, which are hardly groundbreaking. However, its customizable parameters could be a plus for those who prefer tinkering.I encourage users to discuss their experiences with MovingAveragePRO on our forum and share their results. A community can offer insights that individual reviews often miss.
Code:
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