Introduction
Ah, well. Here we are again - another trading robot that claims to have the Midas touch with the markets. This time, it's the RSI Alarm Osw. True to its name, the robot is based on the Relative Strength Index (RSI) principle. Although there are currently no user reviews or ratings, we've decided to put on our trading glasses and analyze its performance based on what we see in front of us.Function Description
The RSI Alarm Osw is a trading robot that utilizes the RSI indicator to make buy and sell decisions. It generates entry signals when the RSI crosses oversold and overbought levels, hence the Osw in the name. To be fair, it's a well-known strategy used by manual traders worldwide - nothing groundbreaking. How well it performs, though, is the true test. And, unfortunately, the lack of reviews suggests some doubt about its popularity or effectiveness in the real-world trading environment.Performance Analysis
On paper, performance analysis of the RSI Alarm Osw is akin to reading a book with half its pages ripped out. There's no comprehensive trading stat for the past year available on the product site, which leaves us speculating based on its strategy and basic workings. And we all know how much we love speculating...Pros and Cons
Pros:
Simple approach that's easy to understand.
Based on the widely-used RSI indicator.
Cons:
No user reviews or ratings available.
No detailed performance statistics or transparent track record.
Source Code of RSI Alarm Osw
Here's a plot twist: we don't actually have the original source code for RSI Alarm Osw. And by 'we', I mean nobody outside the developers or buyers from MQL5. We can, however, create pseudo code, based on its description and strategy. This code won't reflect the actual algorithm, but it does serve as a starting point for understanding how the bot might work. Any questions regarding the code can be directed to us at easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download RSI Alarm Osw - A Look at Prospective Performance
Just to play it safe, we don't sell the RSI Alarm Osw trading robot. We simply provide an analysis and a pseudo code for those interested. For more info and stats, head over to https://forexroboteasy.com/trading-robot/rsi-alarm-osw/.All things considered, it’s up to traders to make their own call. Given the lack of user reviews and performance data, adopting a skeptical approach might not be unjustified. As always, we'd love to see some real-world feedback. So, if anyone out there has used the RSI Alarm Osw, we'd love to hear from you about your experiences.
Remember, skepticism is healthy in the trading world. And we’re all about staying healthy here at EASY Trading Team.