Introduction
Let's delve into the enigmatic world of forex trading bots once again, ladies and gentlemen. This time, our musing victim is Over Arrow. At first glance, it doesn't look like much, no gilded promises of instantaneous wealth nor any parade of raving user reviews. But, let's not jump to conclusions just yet.Description of Functions
Over Arrow is a fairly rudimentary trading bot that makes use of an algorithm to anticipate price action. It is apparently capable of working with a wide range of currency pairs and timeframes. With a relatively simple setup, traders are able to tweak parameters such as lot size, magic number, slippage and stop loss levels.At the heart of Over Arrow's functionality is a buy/sell signal mechanism triggered by detected changes in market trends. Essentially, when the bot detects a new trend, it places trades in the direction of the trend until it comes to an end.
Analysis of Results
Analysis? What analysis? With a dearth of user reviews and concrete rating score to evaluate Over Arrow's effectiveness, we are left to rely on the provided performance figures which, let's be honest, may not paint the whole picture. From the limited data available on the website above, results have been mixed over the past year.Remember, folks! Don't just take any results at face value. Always conduct your own analysis before making a decision.
Pros and Cons
Here come the pros and cons! On the bright side, Over Arrow's simplicity might be appealing to some traders. It's straightforward, easy-to-understand logic might be a breath of fresh air in a market flooded with overly complicated trading bots.Now for the less sunny side. Firstly, trading on trends alone might be too basic a strategy for seasoned traders. The lack of user reviews and rating scores also leaves much to be desired when it comes to gauging its effectiveness.
Source Code of Over Arrow
Even though the original source code for Over Arrow remains a well-guarded secret, the team at EASY Trading Team can produce a mock-up based on its description on MQL5. Be aware this doesn't mean we're selling Over Arrow. We're just generating a code in the spirit of understanding its trading logic.
Code:
You don't have permission to view the code content. Log in or register now.Download Over Arrow: Your Gateway to Automated Trading?
If you fancy giving Over Arrow a spin for yourself, head over to the seller's page and grab a copy. You can even participate in our forum discussions, share your experiences, and ask any burning questions you might have.Bear in mind, the code we've provided is just a representation, courtesy of easytradingforum.com. But if you need clarification or have questions about it, don't hesitate to drop them in our forum.
From the EASY Trading Team, good luck and happy trading!