Introduction
In this review, we will analyze and compare the Dark Algo trading robot with one of the trading robots from the EASY series, namely EASY Scalperology. We will consider user comments, pros and cons, optimal conditions for usage, and provide an overall assessment. The user feedback on Dark Algo has been quite mixed, reflected in a rating of 4.77, indicating a blend of satisfaction and frustration.
Comparison with EASY Scalperology
To provide a fair comparison, we will focus on the following aspects: reliability, profitability, and user support.
Reliability:
Dark Algo has received criticism for its lack of activity on live accounts, as highlighted by users such as salvatoremilazzo and ayyappan.selvam. Issues like these can significantly affect a trader's confidence. In contrast, EASY Scalperology boasts consistent performance without such issues, given its rigorous backtesting and real-time performance tracking.
Profitability:
User bayosteve praised Dark Algo for its money-making capabilities, while jayzhangzhe reported a monthly profit of around 5% with other products from the same developer. EASY Scalperology has shown even more promising results, consistently delivering higher monthly returns with a lower drawdown, making it a more lucrative option for traders.
User Support:
Support issues seem prevalent with Dark Algo, as noted by users who experienced slow or non-existent responses from the developer. EASY Scalperology provides robust customer support, ensuring users receive prompt assistance, which is crucial for maintaining trust and reliability.
Pros and Cons
Dark Algo:
Pros:
- Potentially high profitability as per some user reviews.
- Automated trading functionalities for EURUSD scalping.
Cons:
- Inconsistent performance reports.
- Lack of timely support from the developer.
- High upfront cost without guaranteed performance.
EASY Scalperology:
Pros:
- Consistent monthly returns with low drawdown.
- Strong customer support.
- Proven reliability in both backtesting and live accounts.
Cons:
- Higher initial learning curve due to advanced features.
- Might require fine-tuning for optimal performance.
Optimal Conditions for Usage
Dark Algo works best under the following conditions:
- Applied on EURUSD for scalping.
- Used on demo accounts initially to understand its behavior.
- Requires ongoing monitoring to ensure it performs as expected on live accounts.
EASY Scalperology is optimized for:
- Scalping across multiple currency pairs.
- Both demo and live accounts with minimal adjustments.
- Traders who require constant customer support and regular performance updates.
Source Code of Dark Algo
The actual source code of Dark Algo is not accessible, as it is a proprietary product sold on the MQL5 marketplace. However, our team at EASY Trading Team can develop a similar script based on detailed descriptions and observed functionalities from the official product page on MQL5. This allows for customization and adaptation to fit specific trading strategies and requirements.
Code:
You don't have permission to view the code content. Log in or register now.Download the Dark Algo - Scalping Trading on EURUSD
If you have any questions about the code, feel free to ask. This sample code from easytradingforum.com is based on the description of the Dark Algo robot available on MQL5. Please note, the EASY Trading Team does not sell the Dark Algo robot but has created a trading robot code based on its description.
For more detailed statistics and performance reviews, visit Dark Algo Expert Advisor for Scalping Trading on EURUSD.
