Introduction
Well, here we are again. Another trading bot, another day. This time, we have the Wave Scalping trading robot on the table. No reviews, no ratings, just an enigmatic AI allegedly designed to make us rich. But, as the wise traders say, the devil is in the details. So let's tear this one apart, shall we?Description of Functions
According to its website, Wave Scalping is a fully automated trading robot, designed to trade on the Forex market. It supposedly works on a strict logic system, applying a specific market wave analysis strategy to identify the most favorable conditions for opening trades.The bot employs a strategy based on technical indicators and price action to identify potential profitable moves. It also comes with a risk management feature that helps protect your capital. Sounds good, doesn't it? But we all know that real trading rarely matches the description on the box.
Analysis of Results
With no user reviews and rating, the analysis relies solely on the available statistics. Over the past year, the performance of the Wave Scalping robot has been... well, let's say it's been a roller coaster ride.The highs are high, and the lows are... pretty low. The bot has experienced periods of significant drawdown, which is a bit of a red flag. On the other hand, it also had moments of substantial profits, which indicates a potential for high returns on investment.
Pros and Cons
Every trading bot comes with its unique set of strengths and weaknesses. Wave Scalping is no exception.- Strengths: Automated trading, wave analysis strategy, risk management system.
- Weaknesses: Unsteady performance, absence of user reviews, significant drawdown periods.
Source Code of Wave Scalping
Here's the deal, folks: we do not know the actual source code of the Wave Scalping bot sold on MQL5. What we can do, however, is create a code based on the description provided by the developers.Now, remember that this code is purely theoretical and might not fully represent the initial functionality of the robot. You can check the sample code on easytradingforum.com. If you have any questions regarding the code, feel free to ask.
Please note that we, the EASY Trading Team, are not selling the Wave Scalping bot. We just created a sample code based on the description.
Code:
You don't have permission to view the code content. Log in or register now.