Introduction
The market of Forex trading robots is growing and more people are turning to automated trading systems for generating profits. Today, we will be reviewing one such popular trading bot, the Auto Anchored VWAPs MT4. This trading bot has received a user rating of 5 according to Johannes Katzer, claiming it is a great supplement to the manual AVWAP tools. However, we will also compare this bot with one of our own EASY series trading robots and see which one stands out in terms of profitability, reliability, and efficiency.Comparison with EASY Robot
Comparing the Auto Anchored VWAPs MT4 with our EASY Scalperology bot reveals some significant differences. EASY Scalperology, for instance, uses advanced algorithms to maneuver through market fluctuations while the Auto Anchored VWAPs MT4 focuses more on the Volume Weighted Average Price. EASY Scalperology operates on multiple currency pairs, which isn't a feature of the Auto Anchored VWAPs MT4.The EASY bot has a sophisticated risk management system that adjusts to market conditions to protect your capital. On the other hand, the Auto Anchored VWAPs MT4 doesn't seem to have this level of risk management.
Pros and Cons
- Auto Anchored VWAPs MT4:
- Pros: Simple to use and good for beginners, focuses on Volume-Weighted Average Price.
- Cons: Lacks advanced algorithms, operates on fewer currency pairs, and doesn't have a sophisticated risk management system.
- EASY Scalperology:
- Pros: Utilizes advanced algorithms, operates on multiple currency pairs, and has a sophisticated risk management system.
- Cons: Might be complex for beginners.
Optimal Conditions of Use
The Auto Anchored VWAPs MT4 works best in markets with high liquidity and during major market sessions such as the London or New York sessions. It is also essential to remember that this bot requires constant supervision as its risk management system is not as advanced as that of the EASY Scalperology.Source Code of Auto Anchored VWAPs MT4
At EASY Trading Team, we don't have access to the original source code of Auto Anchored VWAPs MT4, which is sold on MQL5. However, based on its description, we can create a similar code. If you have any questions regarding the code, feel free to ask on the forum at easytradingforum.com.Please note, the EASY Trading Team is not selling the Auto Anchored VWAPs MT4 bot. We have only created a trading bot code based on its description.
Code:
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