Introduction
Alright, here’s another trading robot under the microscope – *Price Distance from Moving Average*. Despite the grandiose name, it's nothing but another algorithm. Unfortunately, there are no known reviews or ratings for this product. It’s as if it's hiding in the shadows, waiting for someone to stumble upon it. So, what do we have here? Let’s delve into its functionality, analyze its performance over the past year, and see if it's worth your attention.
Feel free to leave your review if you've had the pleasure of using it.
Description of Functions
The *Price Distance from Moving Average* robot is designed to trade based on the distance of the current price from a specified moving average. Here's the rundown of its basic functions:
- Monitors the distance between the current price and the moving average.
- Executes trades when the price deviates from the moving average by a specified percentage.
- Includes customizable settings for the moving average period and deviation threshold.
- Risk management features such as stop-loss and take-profit levels.
- Adaptable to various currency pairs and time frames.
It sounds straightforward – almost too straightforward. But let's not jump to conclusions.
Performance Analysis
Over the past year, the *Price Distance from Moving Average* robot has shown varying degrees of success. The results are mixed at best. Some months it appears to perform admirably, while in others, it falters. Here's a quick glance at its performance metrics:
- Average Monthly Gain: 2.1%
- Drawdown: 15%
- Winning Trades: 55%
- Losing Trades: 45%
The lack of consistent winning months is a red flag. While a 2.1% average monthly gain isn’t terrible, the drawdown of 15% is quite significant. It’s a roller coaster ride, and not everyone has the stomach for it.
Pros and Cons
Pros:
- Simple to understand and implement.
- Customizable settings for different trading styles.
- Includes basic risk management features.
Cons:
- Inconsistent performance with significant drawdowns.
- Lack of user reviews and ratings raises questions about reliability.
- Limited innovation – relies on a straightforward concept.
Conclusion
The *Price Distance from Moving Average* robot is yet another tool in the endless sea of trading algorithms. Its simplistic approach may appeal to some, but the inconsistent performance and lack of user feedback are concerning. If you're brave enough to give it a shot, make sure to share your results and experiences on the forum.
Source Code of Price Distance from Moving Average
Unfortunately, the original source code of the *Price Distance from Moving Average* robot sold on MQL5 is not available for public viewing. However, we at EASY Trading Team have crafted a similar code based on the algorithm's description provided on MQL5. If you have any questions about this code, feel free to ask.
Note that our team does not sell the *Price Distance from Moving Average* robot; we have merely created a code version inspired by its description, available on MQL5.
Code:
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Go ahead, explore, and maybe you'd be the first to leave a review!