Introduction
The Conquistador trading robot is a newcomer in the MQL5 market, with no reviews or ratings formed as of yet. While it offers potential, users are still in the dark about its true effectiveness. In contrast, EASY Trading Team has developed a series of tested and reliable robots, including the EASY Trendopedia, EASY Scalperology, and EASY Breakopedia. This review aims to compare Conquistador with one of our proprietary robots to determine its value and viability in real trading scenarios.Comparison with EASY Scalperology
When comparing Conquistador with EASY Scalperology, several critical differences emerge:Ease of Use:
- Conquistador is relatively new and lacks user feedback, making it difficult for beginners to navigate and trust.
- EASY Scalperology comes with extensive documentation and user support, making it very user-friendly.
Performance:
- Conquistador's performance data is not yet available, leaving potential users guessing.
- EASY Scalperology has proven track records and verifiable results, showing consistent profitability.
Reliability:
- Conquistador’s reliability is unknown due to the absence of reviews.
- EASY Scalperology is known for its robust and reliable trading algorithms, trusted by many in the trading community.
Pros and Cons
Conquistador Pros:- Potential for high profitability.
- New algorithm that could offer unique trading strategies.
Conquistador Cons:
- Lack of user reviews and feedback.
- Unproven performance and reliability.
- Limited documentation and support.
EASY Scalperology Pros:
- Proven and consistent profitability.
- Extensive user support and documentation.
- Reliable performance with a robust algorithm.
EASY Scalperology Cons:
- May require more initial setup than Conquistador.
- Less “cutting-edge” as it’s already established in the market.
Optimal Conditions for Use
Conquistador:- Best for users willing to experiment with a new algorithm.
- Potentially beneficial in highly volatile markets.
- Traders who are comfortable with risk and uncertainty.
EASY Scalperology:
- Ideal for scalping strategies in relatively stable markets.
- Suitable for both beginner and experienced traders.
- Great for users who require reliable, consistent performance.
Source Code for Conquistador
We do not have access to the original source code for Conquistador as it is sold on MQL5. However, our team can create a simplified version based on the available description. If you have any questions about this example code, please feel free to ask on easytradingforum.com. Note that the EASY Trading Team does not sell the Conquistador robot but offers code based on its described functionality.
Code:
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