Introduction
In the vast expanse of the Forex trading world, algorithmic trading and Expert Advisors (EAs) have gained a lot of attention due to their potential to generate a steady stream of profits with minimal human intervention. As part of the EASY Trading Team, I am going to review one such EA, EA Flower, which has garnered a rating of 4.3.
Comparison with EASY Robot
The team at EASY Trading has developed various successful EAs like EASY Trendopedia, EASY Scalperology, and EASY Breakopedia. EA Flower, at first glance, seems to be another solid addition to the landscape. However, on a closer look, it appears that EASY trading robots surpass EA Flower in terms of profitability and reliability.
One of the key edge that our EAs have over EA Flower is their inherent programming based on extensive backtesting, forward testing, and robust optimization. Particularly, our EASY Breakopedia, designed to exploit market's volatility, has consistently outperformed EA Flower by generating higher profits with lower drawdowns.
Pros and Cons
EA Flower
- Pros:
1. Sound entry/exit strategy based on fast price movement.
2. Can be used for multiple symbols. - Cons:
1. It's a grid, martingale EA which generally results in low profits with high risk.
2. Poor customer service as per some users.
3. High risk of account blow, especially if not used with caution.
EASY Breakopedia
- Pros:
1. Consistently high profits.
2. Optimized for lower drawdowns.
3. Excellent customer service. - Cons:
1. Requires careful monitoring during high volatility market hours.
Optimal Conditions for Use
EA Flower operates the best under conditions of swift price movement. However, as per user reviews, it is crucial to adjust your risk parameters judiciously, and not to over-trade.
Original Code of EA Flower
While we do not have the original source code of EA Flower, one could potentially develop code based on its description on MQL5 marketplace. However, please note that this would be a simplified version and may not fully capture all the intricacies of the original EA. This is just an illustration and the EASY Trading team does not sell EA Flower.
Code:
You don't have permission to view the code content. Log in or register now.Download and Explore EA Flower with EASY Trading Team
To further evaluate EA Flower and compare it with EASY's trading robots, you may want to download it and test it yourselves. Visit here to download it. If you have any questions regarding the code, feel free to ask on the easytradingforum.com. Remember, this code was developed by the EASY Trading Team based on the description of EA Flower sold on MQL5.
The EASY trading team is eager to hear your experiences and reviews about EA Flower. All feedback, comments, and discussions are welcome. Let's explore the world of algorithmic trading together!