Introduction
Well, well. Here we are again, testing another trading bot, this time it’s the Trailing and SL TP MT5. With no available reviews or user ratings, it looks like we'll have to do the heavy lifting on this one, doesn't it? But don't worry, we're not complaining. We are the EASY Trading Team after all. Let's roll up our sleeves and get into it.
Description of Functions
So, what we have here is a trading robot whose functionality centers on adjusting Stop Loss and Take Profit. It’s also designed to modify these levels following the price movement. Rather basic, wouldn't you say? Any professional trader worth their salt should have these skills etched into their DNA. Still, for those seeking automation, this bot might just have a shot.
Analysis of Results
To give a fair assessment, we'll focus on the bot’s performance over the past year. Now, this is where the rubber meets the road, and unfortunately, our dear bot falls flat on its face. There’s no specific performance results or historical data to back up any claims of profitability. With a lack of transparency, one can only wonder what they’re trying to hide.
Pros and Cons
On the sunny side, the bot is simple to use and configure, which could attract novice traders. However, this potentially 'one-size-fits-all' approach leaves no room for customization, which might turn off the more experienced crowd.
Most importantly, the glaring absence of any performance history is a massive red flag. That's like shooting in the dark and hoping to hit the bullseye. Trading is not a guessing game, my friends. It's a calculated risk.
Source Code of Trailing and SL TP MT5
Now onto the source code. We don't know the exact code of the original bot sold on MQL5, but we can whip up something based on the product description given on their website.
Remember to raise any questions about the code. This is an example code from easytradingforum.com, based on the bot's description, not the actual bot sold on MQL5. The EASY Trading Team does not sell the Trailing and SL TP MT5, we merely created the code based on the bot’s description.
Code:
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So, what do you think? Could this be your magic bullet, or just another cross to bear? Discuss your thoughts, experiences or reservations on our forum. Don’t be shy, we are all here to learn. Despite the lack of reviews and ratings, your observations could be instrumental in helping someone else make a decision.
You can download the Trailing and SL TP MT5 trading robot on our website. Take it for a spin, who knows? It might just surprise you.
And remember, it's all in the game. Happy trading.