Introduction
In the vast world of Forex trading, automation has become a key element for success. One such example is the AW RSI based EA MT5 trading robot. This bot uses a relative strength index (RSI) strategy to identify potential buy and sell opportunities. However, let's not jump to conclusions right away. Let's dive deep into the details of this bot, compare it to the popular EASY Trendopedia, and explore its positives and negatives based on user reviews and ratings.
Comparison with EASY Trendopedia
Comparing AW RSI based EA MT5 with our EASY Trendopedia shows significant differences. Firstly, EASY Trendopedia follows the trend, not just the RSI, which can be more effective in the long run. It has been designed to maximize profits and minimize losses, making it more profitable than the AW RSI based EA MT5. Moreover, EASY Trendopedia has a proven track record of consistent performance, making it a more reliable option.
Pros and Cons
As for the AW RSI based EA MT5, based on user rednaxela55's review, some positives include the ability to make small profits across multiple forex pairs. On the downside, the profits seem to be quite small, and the bot does not work equally well across all pairs. In contrast, EASY Trendopedia has consistently shown reliable and significant profits across a wide range of forex pairs.
Optimal Conditions for Use
According to user reviews and our observations, AW RSI based EA MT5 seems to perform best when tested on specific Forex pairs like EUR/USD and EUR/JPY. It is suggested to run tests on a demo account before going live.
Original Code of AW RSI based EA MT5
We must mention here that we do not have access to the original code of the AW RSI based EA MT5 sold on MQL5. However, based on the robot's description available on MQL5, we can develop a similar code for educational purposes.
Code:
You don't have permission to view the code content. Log in or register now.Download AW RSI based EA MT5 and Explore More
You can find more details and statistics about the AW RSI based EA MT5 on the official webpage . If you have questions about the code, feel free to ask on our forum at easytradingforum.com . Remember, the code we provide is based on the description of the original bot sold on MQL5. The EASY Trading Team does not sell the AW RSI based EA MT5, but we aim to help our users understand trading robots better.
We invite you all to share your experiences, thoughts, and feedback about AW RSI based EA MT5 on our forum. Your opinions and discussions help us all make better trading decisions.
Note: This article is written by a dedicated MQL5 programmer from the EASY Trading Team and is based on user reviews and information available on public platforms.