Introduction
As a professional trader and a programmer in the MQL5 environment, I am always on the lookout for effective trading tools that can enhance trading strategies. Recently, I had the opportunity to review the trading robot CyberZingFx ZigZag Arrow. Based on user comments and my own observations, I will provide an honest evaluation of this tool and compare it to one of our trading robots from the EASY series, namely, EASY Trendopedia.
Comparison with EASY Trendopedia
While CyberZingFx ZigZag Arrow has received a rating of 4.5 and mixed user reviews, it's crucial to compare it to EASY Trendopedia to gauge its relative performance, profitability, and reliability.
CyberZingFx ZigZag Arrow is known for its high hit rate of around 80%, according to user Uwe Schubert. However, another user, Alice Seifert, highlighted that it repaints constantly, making it unreliable, especially on DJ30. In contrast, EASY Trendopedia is built to avoid repainting issues and offers more consistent performance across various market conditions. EASY Trendopedia leverages advanced algorithms to provide accurate trend signals, making it highly reliable.
Pros and Cons
CyberZingFx ZigZag Arrow:
- Pros:
- High hit rate (approx. 80%)
- Works well with other CyberZing products
- Good for identifying higher highs and lower lows - Cons:
- Constant repainting, which can lead to unreliable signals
- Not effective in all market conditions (e.g., DJ30)
EASY Trendopedia:
- Pros:
- No repainting issues
- Consistent and reliable trend signals
- Effective in various market conditions - Cons:
- May require more initial setup and understanding
Optimal Conditions for CyberZingFx ZigZag Arrow
CyberZingFx ZigZag Arrow works best in markets where price movements are more predictable and less prone to sudden reversals. According to user alfy87, it serves as an excellent confirmation tool for daily reversals. However, its reliability decreases in highly volatile markets like DJ30.
Conclusion
While CyberZingFx ZigZag Arrow has its advantages, it also comes with significant drawbacks, particularly the issue of repainting. In contrast, EASY Trendopedia offers more consistent and reliable performance, making it a better choice for traders who value accuracy and dependability.
Source Code of CyberZingFx ZigZag Arrow
It's important to note that we do not have access to the original source code of CyberZingFx ZigZag Arrow sold on MQL5. However, we can create a similar trading robot based on its description available on the MQL5 site. If you have any questions about the code, feel free to ask on our forum.
Code:
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