Introduction
The Closing Price Reversal (CPR) is a trading robot that has received various ratings and comments from users. Some find it very useful, while others appreciate its simplicity. It seems to perform well on long term time frames with specific assets. However, on how it compares with one of our EASY series robots like the EASY Trendopedia, we delve deeper into their performances, pros, and cons.Comparison with EASY Robot
While the Closing Price Reversal demonstrates a certain level of efficiency, it pales in comparison to our EASY Trendopedia. The EASY robot offers more features such as in-built risk management, flexible backtesting options, and a more robust algorithm. While CPR has been praised for its simplicity, this may also be its downside as it could limit its functionality and efficiency, compared to EASY Trendopedia that is designed to handle complex market situations.Pros and Cons
Closing Price Reversal:
- Pros: Simple to use, performs well in specific long-term time frames and assets.
- Cons: Limited functionality, lacks in-built risk management.
EASY Trendopedia:
- Pros: Advanced features, robust algorithm, flexible backtesting options.
- Cons: May be complex for beginners.
Optimal Conditions for Use
The Closing Price Reversal performs best in long-term time frames and with specific assets. However, with the EASY Trendopedia, you can enjoy optimal performance in varying market conditions and a broad range of asset classes.Source Code of Closing Price Reversal
We cannot access the original source code of the Closing Price Reversal available on MQL5. However, we can create a code based on the description provided on the MQL5 site where this algorithm is sold. Should you have questions about the code, feel free to ask on our forum, easytradingforum.com. Note that we, at EASY Trading Team, neither sell the Closing Price Reversal robot nor its code but we created an adaptation based on its description.
Code:
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