Introduction
Ready to dive into the world of trading robots with a hint of skepticism? Today, we'll dissect the Oberon iMA trading robot. User commentary, such as Lloyd5Arnold's glowing review and a perfect rating of 5, might make it seem like a golden goose. But let's not get carried away—let's keep a critical eye on the ball.Description of Features
The Oberon iMA robot, as the name suggests, operates using the iMA (Moving Average) indicator. It also integrates with the iSAR (Parabolic SAR) and Bars. Here's a breakdown of its functionalities:- iMA Integration: The core of the strategy, creating buy and sell signals based on moving averages.
- iSAR Usage: Enhances trend detection and potentially improves entry and exit points.
- Bars Analysis: Utilizes price bars for confirming signals and refining entry points.
Analysis of Results
The performance of Oberon iMA over the last year has been, well, interesting. According to the detailed statistics available on the robot's official page, the robot has shown steady but modest gains. It's not going to make you rich overnight, but it also doesn't seem to be draining accounts. Just like Lloyd5Arnold pointed out, aiming for moderate gains keeps drawdowns in check.Pros and Cons
Every rose has its thorns, and Oberon iMA is no different. Here are the highlights and the lowlights:- Pros:
- Effective use of iMA and iSAR indicators.
- Moderate drawdowns, as long as you keep your profit expectations realistic.
- Positive user feedback, at least from one very satisfied customer.
- Cons:
- Lacks transparency. We can't scrutinize the actual code.
- Performance gains are modest—not for the get-rich-quick crowd.
- High dependency on specific market conditions.
The Source Code of Oberon iMA
Let's get one thing clear: we don’t have access to the original source code of Oberon iMA sold on MQL5. However, the descriptions and functionalities are pretty straightforward. With MQL5 expertise, the EASY Trading Team can whip up a similar algorithm based on the provided details. If you're itching to tinker with it, that's a conversation we can have on easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download Oberon iMA Trading Robot - No Surprises Here
If you have any questions about the code or need a custom solution based on Oberon iMA, don't hesitate to ask. Remember, the EASY Trading Team isn’t selling Oberon iMA; we've merely crafted a trading robot inspired by its described features.Got opinions? Experiences? Drop them on the forum and let’s keep the dialogue going.