Introduction
Today we will be reviewing AW Breakout Catcher MT5, a trading robot which has been gaining popularity and receiving favorable feedback. The robot will be compared to one from the EASY series to give a comprehensive view on how it performs in comparison. The objective of this review is to present a balanced perspective, based on user feedback and my professional expertise as a trading programmer.Comparison with EASY Robot
Compared to the EASY Trendopedia, AW Breakout Catcher MT5 appears to have similar functionality in terms of trend following and breakouts. However, the major difference lies in the level of transparency and code customization available with EASY series robots. Unlike AW Breakout Catcher MT5, EASY robots provide access to their source code, allowing traders to apply their own modifications and enhancements. This gives EASY robots an edge in terms of flexibility and adaptability.Pros and Cons
AW Breakout Catcher MT5- Pros: User-friendly; Performs well when combined with trend; Users report it as a useful tool
- Cons: Lack of transparency; Original source code unavailable; Limited customization and adaptability
EASY Trendopedia
- Pros: Highly customizable; Transparent source code; Tailored to individual trading styles
- Cons: Requires a degree of programming knowledge for customization; Might be overwhelming for beginners
Optimal Conditions for Use
AW Breakout Catcher MT5 seems to perform at its best when combined with trend strategies. Users have reported good results when tapping into its trend following and breakout catching features. However, it is important to note that its efficiency might vary based on market conditions and the particularities of individual trading styles.Source Code of AW Breakout Catcher MT5
Unfortunately, the source code of the original AW Breakout Catcher MT5 is not accessible, as it is sold on the MQL5 platform. However, based on the product description on MQL5, we can generate a similar code to provide a basic understanding of the algorithm employed. If users have any questions or clarifications, please feel free to post them on our forum.
Code:
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It is worth mentioning that our team, EASY Trading Team, does not sell or distribute the original AW Breakout Catcher MT5. Our forums and discussions primarily focus on the EASY series trading bots and other relevant FOREX topics. For those interested in downloading AW Breakout Catcher MT5, please visit the official MQL5 platform https://forexroboteasy.com/trading-robot/aw-breakout-catcher-mt5/.To conclude, both AW Breakout Catcher MT5 and EASY Trendopedia have their own unique strengths. However, for traders who value customization, flexibility, and transparency in their trading robots, EASY Trendopedia emerges as a more fitting choice.