Introduction
As professional traders and MQL5 programmers from the EASY Trading Team, we are often asked to review various trading robots. Today, we will take a closer look at the DOW King EA, developed by Anton Kondratev. This robot is designed to trade the US30 index with a daily breakout strategy, utilizing features like a Market Volatility Filter (MVF) and a recovery mechanism. With a mixed rating of 3.5 and varying user reviews, let's delve into its functionalities and compare it with one of our own, the EASY Trendopedia Bot.
Comparison with EASY Trendopedia Bot
When comparing DOW King to the EASY Trendopedia Bot, several differences stand out.
DOW King EA:
- Daily breakout strategy during the early USA trading session.
- Market Volatility Filter (MVF) using ATR to prevent false entries.
- Recovery mechanism to restore positions by increasing transactions.
- Mixed user reviews with a rating of 3.5.
EASY Trendopedia Bot:
- Advanced trend-following strategy optimized for multiple currency pairs.
- Utilizes AI and machine learning for adaptive trading decisions.
- Consistently high user ratings and positive feedback.
- Proven track record of profitability and low drawdown.
While DOW King offers some innovative features, the EASY Trendopedia Bot excels in reliability and performance, making it a more dependable choice for traders.
Pros and Cons
DOW King EA:
- Pros: Innovative recovery mechanism, Market Volatility Filter, daily breakout strategy.
- Cons: Mixed user reviews, higher sensitivity to broker conditions, issues with activation and compatibility.
EASY Trendopedia Bot:
- Pros: High reliability, adaptive AI, consistently profitable, low drawdown.
- Cons: Higher initial cost, requires a robust VPS for optimal performance.
Optimal Usage Conditions
DOW King works best during the early USA trading session, capitalizing on market volatility. It is essential to use a broker with low spreads and fast execution to mitigate the robot's sensitivity to broker conditions. Testing on a demo account is highly recommended to ensure compatibility and performance.
Source Code of DOW King
We do not have access to the original source code of the DOW King robot sold on MQL5. However, based on its description, we have created a sample code that emulates its functionalities. This code is available for educational purposes and can be found on our website here. Please note that the EASY Trading Team does not sell the DOW King robot; we only provide a code example based on its description.
Code:
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For more details and to download the DOW King EA, visit our website. If you have any questions about the code or need further assistance, feel free to ask on our forum. We encourage users to share their experiences and opinions to help others make informed decisions.
In conclusion, while DOW King offers some promising features, the EASY Trendopedia Bot remains a superior choice for consistent performance and reliability. Always test thoroughly and choose a robot that aligns with your trading goals and conditions.