Introduction
The Current Strength trading robot has gained attention for its ability to analyze currency strength across different timeframes. User commentary, such as the one from Tukardim, highlights its accuracy on higher timeframes and its potential improvements with future updates. However, how does it stack up against the EASY series of trading robots like EASY Trendopedia, EASY Scalperology, or EASY Breakopedia? This review aims to objectively compare Current Strength with EASY Trendopedia, focusing on their respective strengths and weaknesses.
Comparison with EASY Trendopedia
When comparing Current Strength with EASY Trendopedia, several distinctions become apparent.
Accuracy and Timeframes:
- Current Strength: Highly accurate on higher timeframes, as noted by users.
- EASY Trendopedia: Versatile with consistent performance across various timeframes.
Features and Functionality:
- Current Strength: Awaiting updates for additional features, such as alarms on levels.
- EASY Trendopedia: Comes fully equipped with alerts, detailed analytics, and a user-friendly interface from the start.
Profitability and Reliability:
- Current Strength: While accurate, its profitability depends heavily on market conditions and user's settings.
- EASY Trendopedia: Proven track record of higher profitability and reliability due to advanced algorithms and extensive backtesting.
Pros and Cons
Current Strength
- Pros: Accurate on higher timeframes, potential for future enhancements.
- Cons: Limited features compared to advanced bots. Performance may vary based on user settings.
EASY Trendopedia
- Pros: Consistent performance, comprehensive features, high profitability, user-friendly.
- Cons: Higher initial cost.
Optimal Usage Conditions
Current Strength works best in the following conditions:
- Higher timeframes where market noise is minimized
- Stable market conditions
- Users comfortable with manual adjustments
In contrast, EASY Trendopedia excels in:
- Various market conditions
- Both short and long-term trading strategies
- Traders looking for a hands-off approach
Conclusion
While Current Strength has its merits, especially for those trading on higher timeframes, the comprehensive and versatile nature of EASY Trendopedia makes it a superior choice for most traders. Its features, reliability, and profitability set it apart. We encourage users to share their experiences and suggestions on the forum to help improve these tools.
Source Code of Current Strength
It is important to note that the original source code for Current Strength is not available to the public. However, the EASY Trading Team has created a code based on its description from the MQL5 market. While this code is a close approximation, it is not the original and may differ in functionality.
Code:
You don't have permission to view the code content. Log in or register now.Download Current Strength: Best Currency Strength Indicator for MT5
For those interested in exploring the Current Strength trading robot, more details and user experiences are available at this link. Should you have any questions regarding the code or its implementation, feel free to ask on easytradingforum.com. Remember, the EASY Trading Team does not sell the Current Strength robot but has developed a similar code based on its description.