Forex Market Profile and Vwap

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Introduction​

Forex Market Profile and Vwap (FMPV) is a trading robot that has gained some attention among traders. However, as a professional trader and MQL5 programmer from EASY Trading Team, I feel obligated to provide an unbiased review and comparison with our robots, namely the EASY series: EASY Trendopedia, EASY Scalperology, and EASY Breakopedia. The user feedback and the rating '5' will be considered for this review.

Comparison with EASY Robots​

Based on user feedback, the FMPV robot certainly offers some notable features such as excellent market profile levels. However, EASY robots are designed with advanced algorithms and strategies to deliver more consistent results and higher profitability in various market conditions. For instance, EASY Scalperology has been created with a robust scalping strategy that allows for quick trades, which in many cases outperforms the FMPV robot.

Pros and Cons​

FMPV Robot:

• Pros: Good market analysis, recognizable levels.
• Cons: Lack of versatility in different market conditions, source code not publicly available.

EASY Robots:

• Pros: Consistent results, high profitability, robust strategies, versatile in various market conditions.
• Cons: Complex for beginners, require a good understanding of trading strategies.

Optimal Conditions for Use​

FMPV robot works best when the market is trending, and it can effectively utilize its market profile levels. However, it may not perform as expected in volatile market conditions. EASY Robots, on the other hand, are designed to adapt and provide consistent results in different market conditions.

Source Code of Forex Market Profile and Vwap​

While the original FMPV robot source code is not publicly available on MQL5, you can create a code based on the description from the MQL5 site where this algorithm is sold. However, remember that the code will be a mere approximation, not the original. If you have any questions about the code, feel free to ask our team or in the easytradingforum.com.

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Download Forex Market Profile and Vwap: Uncover the Trading Potential​

A reminder to users that the EASY Trading Team does not sell the FMPV robot, but we provide the code based on its description. Explore our website for detailed statistics, and feel free to share your experiences on the forum. Your feedback is always valuable to us. Happy trading!