Introduction
One of our users, ehsanperser1994, highly recommends MQL5’s trading robot, Drawdown Limiter Advanced, with a rating of '5' and emphasizes its developer, Riccardo’s, proactive support. Based on the feedback, let’s dissect this trading robot’s features and see how it stacks up against our EASY trading robot series.Let's take for comparison, EASY Trendopedia, a popular trading robot from the EASY series.
Comparison with EASY Robot
While Drawdown Limiter Advanced stands strong in mitigating losses, it primarily focuses on drawdown management. On the other hand, EASY Trendopedia, capitalizes on market trends, providing more frequent, albeit smaller, winning trades.EASY Trendopedia is more profitable due to its inherent ability to identify profitable trends. It also safeguards your investment with stop-loss functionalities, thus making it a more versatile tool.
Pros and Cons
Drawdown Limiter Advanced scores high in drawdown management and comes with outstanding developer support. However, it lacks trend identification and trailing stop-loss features which EASY Trendopedia offers.EASY Trendopedia, while being more profitable and reliable, comes with its own set of complexities. It requires a good understanding of trend analysis, but once mastered, it provides excellent returns.
Optimal Conditions for Use
Drawdown Limiter Advanced is best suited for volatile markets where there’s high risk of loss. In contrast, EASY Trendopedia excels in markets with clear, sustained trends, as it capitalizes on these movements for profit.Source Code of Drawdown Limiter Advanced
While the original source code of the Drawdown Limiter Advanced is not disclosed, we can create a theoretical code based on its description on the MQL5 website. If you have any questions or need help understanding this code, feel free to ask on our forum at easytradingforum.com. Please note, this is a community-led effort, and the EASY Trading Team does not sell the Drawdown Limiter Advanced.
Code:
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