Introduction
Oh, another trading robot, huh? Williams Conditional Range, they call it. With mixed user reviews ranging from excellent to zero, one can't help but be skeptical. It has a rating of 5, but let's dig a bit deeper and see what’s inside this magic box.
Features of Williams Conditional Range
The robot claims to use the Williams %R indicator to determine market conditions and execute trades based on those signals. Some of its main features include:
- Use of divergence to spot potential trade opportunities.
- Adjustable parameters for personalized strategy adaptation.
- Automated trade execution.
- Real-time analysis of market conditions.
- Risk management settings like Stop Loss and Take Profit.
Sounds fancy, but let's see how it really performs.
Analysis of Results Over the Last Year
Based on available data on the official website, the robot seems to show consistent results over the last year. Here's a summary of its performance:
- Average monthly profit: 5-7%
- Maximum drawdown: 10%
- Risk-to-reward ratio: 1:2
- Number of trades per month: 20-30
While the numbers look decent on paper, past performance is not always indicative of future results. Always remember that.
Pros and Cons
Pros:
- Ease of Use: Simple setup and user-friendly interface.
- Consistency: Delivers steady returns without major drawdowns.
- Customizability: Lots of adjustable parameters for tailored strategies.
Cons:
- Over-Reliance on %R Indicator: If the indicator fails, so does the robot.
- Mixed Reviews: User feedback is all over the place, raising questions about reliability.
- Lack of Transparency: No access to the actual source code.
Conclusion
In summary, Williams Conditional Range is an intriguing trading robot with some decent features and steady performance metrics. However, the mixed user feedback and over-reliance on a single indicator should make you cautious. Always do your own research before investing in any automated trading solution.
Source Code of Williams Conditional Range
We don’t have access to the original source code of Williams Conditional Range as it’s sold on MQL5. But hey, we at EASY Trading Team can whip up a code for you based on its description. If you’re curious or have questions, feel free to ask us.
Code:
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Interested in trying out the Williams Conditional Range? Head over to forexroboteasy.com to download it. If you have any questions about the code, ask away. Remember, this is an example from easytradingforum.com, inspired by the original robot sold on MQL5. Our team doesn’t sell Williams Conditional Range; we just created a robot based on its publicly available description.