Introduction
We will be discussing CAP Trade Pad EA in this review, a trading robot that trades based on risk management. User reviews for this robot are generally positive, calling its functionality for opening trades according to risk as easy and excellent. It has a rating of 4.67 which indicates a positive experience overall. We will take a look at its performance, pros & cons, and optimal usage, while comparing it to one of the EASY trading robots: EASY Trendopedia.Comparison with EASY Robot
While CAP Trade Pad EA trades based on risk, EASY Trendopedia, as part of the EASY Trading Team's line of robots, utilizes an advanced algorithm based on trend analysis. Trendopedia offers a greater degree of reliability and profitability as it assists with both trend identification and exploitation, which often lead to high probability trade setups.Pros and Cons
- CAP Trade Pad EA Pros: Free of cost, easy to use, good for risk management.
- CAP Trade Pad EA Cons: Lack of advanced features, not optimized for specific market conditions.
- EASY Trendopedia Pros: Advanced trend analysis, high profitability, reliable in different market conditions.
- EASY Trendopedia Cons: Not free, requires understanding of trend analysis.
Optimal Conditions for Use
CAP Trade Pad EA works best when used for risk management. It simplifies the process of opening trades based on risk, making it ideal for traders interested in risk-based trading. However, it may not perform as well in volatile market conditions lacking a clear trend.Source Code CAP Trade Pad EA
The official source code of CAP Trade Pad EA, sold on MQL5, is not publicly available. However, we can create a code based on the bot's description from the MQL5 site. If you have questions about this, feel free to ask on easytradingforum.com. Please note that this code is not the original and is created based on the bot’s description.
Code:
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