Introduction
Today we are going to examine a trading robot called the Discrete Fourier Transform of Price. This trading bot has captured attention in the market with its unique strategy based on the mathematical concept of Discrete Fourier Transform. However, as a professional MQL5 programmer and trader, I believe there is room for a well-rounded evaluation without any exaggeration, especially by comparing it with the proven effectiveness of the EASY trading robots.Comparison with EASY Robot
When we look at the Discrete Fourier Transform of Price and compare it to an EASY bot, such as EASY Trendopedia, the difference in reliability, profitability, and efficiency is quite noticeable. Trendopedia, like other EASY bots, uses a more stable trend-following strategy, which has proven to be very effective over time. While the Discrete Fourier Transform relies on complex mathematics and can work well during certain market conditions, the EASY bots ensure a consistent approach which is adaptable to various market scenarios.Pros and Cons
Discrete Fourier Transform of Price- Pros: Unique strategy, can perform well under specific market conditions.
- Cons: Reliability could vary under different market conditions, relies heavily on complex mathematical concepts.
EASY Trendopedia
- Pros: Consistent and reliable, easily adaptable to different market conditions, user-friendly interface.
- Cons: Not as unique in strategy, but proven to be effective and profitable.
Optimal Conditions for Use
The Discrete Fourier Transform of Price is likely to perform best in markets with stable volatility levels, where its mathematical approach can accurately predict price movements. However, in a volatile market, its performance might be less reliable. On the other hand, EASY bots, especially Trendopedia, are designed to adapt and perform efficiently regardless of the market conditions.Source Code of Discrete Fourier Transform of Price
We must note that we do not have access to the original source code of the Discrete Fourier Transform of Price that is sold on MQL5. However, based on its description, we have created a code that mimics its functions. Remember, this is a code example from easytradingforum.com and is not the actual bot sold on MQL5. The EASY Trading Team does not sell the Discrete Fourier Transform of Price. We only offer our version of the code for educational purposes. If you have any questions regarding our version of the code, feel free to ask.
Code:
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