Introduction
In the world of forex trading, automated trading robots have become popular due to their ability to work independently without continuous monitoring. In this article, we will be providing an objective review of the trading robot, Gold Indicator, and comparing it with one of our EASY series trading robots. The review is based on users' ratings, one of which is a comment by Abraham Correa, who has given the bot a 5-star rating.Comparison with EASY Robot
When compared to the Gold Indicator, one of our EASY trading robots, the EASY Trendopedia, performs with a higher level of reliability and profitability. The EASY Trendopedia uses an innovative algorithm that effectively identifies trend reversals and optimal entry points, thus significantly increasing the chances of profitable trading. On the other hand, Gold Indicator seemingly puts the zigzag indicator into a subwindow, which is vital for trend detection, but might require additional indicators to optimize its performance.Pros and Cons
Gold Indicator
[+] It is efficient in detecting price trends.
[+] It works well with other indicators.
[-] It might be less comprehensive for novice traders as it needs other indicators for optimal performance.
EASY Trendopedia
[+] It uses advanced algorithms that identify trend reversals and optimal entry points.
[+] It provides reliable and profitable results.
[-] It might need a brief learning curve for beginners.
Optimal Conditions for Use
Gold Indicator works best with a combination of other indicators. It performs its task of trend detection exceptionally well, but for increased profitability, it may need to be paired with other indicators.Source Code of Gold Indicator
It should be noted that the original source code for the Gold Indicator sold on MQL5 is not available to the public. However, based on its description on the MQL5 website, we can create a code that replicates its operations. If you have any queries about the code, feel free to ask them on the easytradingforum.com. This code is purely illustrative and is not the original code for the Gold Indicator trading bot available on MQL5.
Code:
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In conclusion, Gold Indicator is a good bot for trend detection but might require additional indicators for increased profitability. However, in comparison, EASY Trendopedia provides more reliable and profitable results. Remember, this isn't the official Gold Indicator, but a code version developed by us, the EASY Trading Team, based on its description from MQL5. Please share your experiences with these bots on our forum and join our vibrant community of traders.For detailed statistics of Gold Indicator, visit our website .