Introduction
Welcome to another critical assessment of a trading robot. Today, we will be dissecting the Poltergeist EA, a robot claimed to have stellar performance by its users. Let's see if it lives up to the hype with a stoic and skeptical eye.Functionality Description
Poltergeist EA is designed to navigate trending markets effectively while controlling drawdowns. It also appears to be resilient in sideways markets, although it slows down during trend changes. The main features include:- Dynamic lot sizing: Users can adjust lot sizes to control risk levels.
- Trade management: Ability to set the number of trades.
- Frequent updates: The author of the robot, Michael, frequently updates the robot, addressing new market conditions and user feedback.
Performance Analysis over the Last Year
We accessed the detailed statistics available at Poltergeist EA Performance. Over the past year, the robot has had its ups and downs, much like any other trading algorithm.Key highlights:
- Average Monthly Return: Approximately 4.5%
- Maximum Drawdown: 15%
- Profit Factor: 1.6
- Win Rate: 65%
While the numbers look decent, especially the average monthly return, they aren’t groundbreaking. The maximum drawdown is concerning, but manageable if you have the stomach for it.
Pros and Cons
Every trading robot has its advantages and drawbacks, and Poltergeist EA is no exception.Pros:
- Customizable risk management via lot sizing and trade number control.
- Consistent updates and support from the author.
- Decent performance in trending markets.
Cons:
- High drawdown despite “controlling” for it.
- Sluggish performance during trend changes and sideways markets.
- Effectiveness can vary significantly between different brokers.
Source Code of Poltergeist EA
Here’s the twist: the actual source code of Poltergeist EA is not available to us. However, based on the descriptions and performance metrics, we can create a code that mimics its functionality.For those interested in a similar robot, you can check out our sample code based on the description of Poltergeist EA available at easytradingforum.com. Keep in mind that this is not the original code but an approximation.
Code:
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If you have any questions about the code or functionality, feel free to ask. This example code is created by the EASY Trading Team, based on the description of the Poltergeist EA sold on MQL5. We do not sell the Poltergeist EA robot but offer a coding interpretation based on its advertised features.Join the discussion on our forum and share your results. After all, more data makes for better trading strategies.