Introduction
The trading bot in review today is Filtered TMA Arrows, a tool perceived by users as a useful asset in predicting significant market movements. This bot has received an impressive 5-star rating on the MQL5 marketplace, with users such as xxcoincoin and rainwalker123 testifying to its effectiveness. As a professional trader and MQL5 programmer with EASY Trading Team, I will be comparing this bot to one of our innovative EASY robots: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia.Comparison with EASY Robot
On a comparative basis, the EASY bot, especially EASY Scalperology, has an edge over Filtered TMA Arrows. EASY Scalperology boasts of a well-tested and robust algorithm that significantly beats the trading market, thereby guaranteeing consistent profits. While the Filtered TMA Arrows bot predicts considerable market movements, it is not as efficient and seamless as EASY Scalperology, which is designed to maximise profits while mitigating losses.Pros and Cons
The Filtered TMA Arrows bot is great at predicting market price movements, even in the smaller M1 timeframe. This ability is clearly a plus. However, the bot's lack of a clear explanation of its trading strategy and optimization parameters can be a major drawback for novice traders. This opacity contrasts sharply with the EASY bots, which come with comprehensive guides and tutorials to ease user experience.EASY Scalperology, on the other hand, offers clearly defined trading strategies, automated risk management, and an easy-to-navigate user interface. Its major con, however, might be its sensitivity to broker latency and slippage.
Optimal Usage Conditions
Filtered TMA Arrows bot operates most effectively in volatile market situations. Even in an M1 timeframe, it accurately predicts large movements. However, its effectiveness could be compromised in a flat market or during major news releases due to its sensitivity to sudden market changes.Source Code of Filtered TMA Arrows
It's important to note that the original source code of Filtered TMA Arrows is undisclosed. However, based on its description on MQL5, we at EASY Trading Team can develop a similar code. This is purely for educational purposes and won't be sold as the Filtered TMA Arrows bot. We encourage users to ask questions and interact with the code we provide on easytradingforum.com.
Code:
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