Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I am often asked to review various trading robots available in the market. Today, we're going to take a detailed look at Asmani Lite, a trading robot that has garnered mixed reviews. With a user rating of 2.18, it’s crucial to dissect its functionality, strengths, and weaknesses. We'll also compare it to one of our own bots from the EASY series to provide a comprehensive perspective.
Comparison with EASY Trendopedia
EASY Trendopedia, one of our proprietary robots, has been designed to offer consistent profitability and reliability. Let's compare it to Asmani Lite:
EASY Trendopedia Advantages:
- Robust risk management settings, including Stop Loss (SL) and Take Profit (TP)
- Backtested extensively across various market conditions
- User-friendly interface with detailed documentation
- Adaptive to multiple market trends and conditions
Asmani Lite Disadvantages:
- No visible Stop Loss settings as noted by user matavin
- Lacks a recovery system for managing multiple positions in the wrong direction
- High risk of account depletion
- Inconsistent performance as echoed by thomasfairhurst
Pros and Cons of Each Robot
Here's a detailed comparison of the pros and cons of Asmani Lite and EASY Trendopedia:
Asmani Lite Pros:
- Free to use
- Simple execution with minimal intervention
- Good for small lot sizes as mentioned by zhuravkov
Asmani Lite Cons:
- High risk without Stop Loss settings
- No recovery system for losing trades
- Inconsistent performance
- User rating of 2.18 indicates general dissatisfaction
EASY Trendopedia Pros:
- Advanced risk management features
- Extensively tested and optimized for various market conditions
- Strong user community support and detailed guides
- Adaptive algorithms to handle market volatility
EASY Trendopedia Cons:
- Not free, requires an upfront purchase
- Complex settings may require a learning curve for beginners
Optimal Conditions for Using Asmani Lite
Asmani Lite works best in scenarios where:
- You are trading with very small lot sizes (e.g., 0.01 lots)
- The market trend is relatively stable
- You are able to monitor trades closely to manually close losing positions if needed
User Sergey Zhuravkov mentioned that it's challenging to lose money if you stick to trading with very small lot sizes. However, this approach still requires constant vigilance.
Conclusion
While Asmani Lite offers a simple, free solution for novice traders, it lacks essential risk management features that can prevent significant losses. On the other hand, EASY Trendopedia provides robust settings, extensive backtesting, and greater reliability, making it a much safer and more profitable choice in the long run.
Source Code for Asmani Lite
We do not have access to the original source code of Asmani Lite sold on MQL5. However, based on the descriptions and functionality outlined in the reviews and on the MQL5 website, our team at EASY Trading Team can create a similar algorithm. If users have specific questions about coding or functionality, we encourage them to ask on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download Asmani Lite for Free Here
If you’re interested in experimenting with Asmani Lite, you can download it for free from forexroboteasy.com. Remember, the EASY Trading Team does not sell Asmani Lite; we only provide code based on the described functionality for educational purposes. Feel free to share your experiences and ask questions on our forum.
By sticking to this comparative analysis and detailed examination, users can make a more informed decision about which trading robot might be best suited for their needs.