Introduction
FoxTrotTWO EA is a popular trading robot available on the MQL5 market, known for its performance as a night scalper. With an aggregate user rating of 3.8, this EA has received varied feedback from its users. In this review, we will critically analyze FoxTrotTWO EA by comparing it with one of the EASY Trading Team's robots, specifically EASY Trendopedia. We will also outline the strengths and weaknesses of both systems, as well as the optimal conditions for using FoxTrotTWO EA.Comparison with EASY Trendopedia
Both FoxTrotTWO EA and EASY Trendopedia are designed for specialized trading strategies, but there are notable differences:Profitability
- FoxTrotTWO EA: Promises high returns through night scalping but feedback indicates performance can vary significantly between different brokers and setups.
- EASY Trendopedia: Known for stable and consistent returns with a focus on trend-following strategies, making it suitable for a broader range of market conditions.
Reliability
- FoxTrotTWO EA: Some users, like texancowboy1327, report inconsistent performance due to variables such as broker latency and server differences.
- EASY Trendopedia: Offers highly reliable performance due to rigorous testing and robust strategy development by the EASY Trading Team.
Support
- FoxTrotTWO EA: Users acknowledge good support from the developer, Thomas.
- EASY Trendopedia: Backed by the extensive support infrastructure of EASY Trading Team, including detailed documentation and community support.
Pros and Cons
FoxTrotTWO EA
- Pros:
- High potential returns in night scalping.
- Developer provides good customer support.
- Adaptive to various market conditions with appropriate settings. - Cons:
- Performance variability between different brokers.
- Requires manual intervention in some situations, such as closing trades on Friday night.
- Mixed user reviews with some reporting zero growth.
EASY Trendopedia
- Pros:
- Highly consistent and stable returns.
- Minimal manual intervention required.
- Comprehensive support and documentation.
- Tested extensively under diverse market conditions. - Cons:
- May offer lower returns compared to aggressive scalpers in high volatility periods.
- Requires understanding of trend-following strategies for optimal use.
Optimal Conditions for Using FoxTrotTWO EA
FoxTrotTWO EA works best in night scalping scenarios where market volatility is lower. This EA thrives in:- Low volatility periods, typically seen at night.
- With brokers offering low spreads and fast execution speeds.
- When managed actively, especially during high-impact news events or at week’s end.
It is essential to use a VPS to minimize latency and monitor trades regularly to ensure optimal performance.
Conclusion
While FoxTrotTWO EA presents itself as a lucrative night scalping robot, its performance can be inconsistent due to various factors such as broker differences and execution latency. Comparatively, EASY Trendopedia offers more stable and reliable performance with comprehensive support, making it a preferable choice for traders seeking consistency and reliability.Source Code of FoxTrotTWO EA
The actual source code for FoxTrotTWO EA is proprietary and not disclosed by the developer. The EASY Trading Team has created an example trading robot code based on the description available on MQL5. This example is meant for educational purposes and to help users understand the potential framework of a night scalper EA.If you have any questions about the code, please feel free to ask. This example code is provided by easytradingforum.com and is based on the description of FoxTrotTWO EA available on MQL5. Note that the EASY Trading Team does not sell FoxTrotTWO EA but has developed this code for educational purposes.
Code:
You don't have permission to view the code content. Log in or register now.