Introduction
In this review, we will take a closer look at the trading robot Ice Scalper, analyzing its performance, user feedback, and key features. We will also compare it with one of the trading robots from the EASY series—EASY Scalperology—to understand the strengths and weaknesses of each. User reviews and comments will guide our evaluation to provide an unbiased overview.
Comparison with EASY Scalperology
Ice Scalper has garnered mixed reviews, with an overall rating of 3.93 on MQL5. It is designed for scalping using price action without indicators. User feedback varies, with some praising its stability and support, while others are disappointed with its low returns, especially when tested with low leverage.
In contrast, EASY Scalperology has been designed to provide more consistent and significant returns. Here are some specific advantages and disadvantages of each:
Ice Scalper:
- Pros:
- Stable EA
- Price action-based strategy
- Quick and responsive support
- Cons:
- Low returns with low leverage
- Inconsistent performance in backtests
EASY Scalperology:
- Pros:
- Higher profitability
- Reliable performance across different brokers
- Backed by comprehensive testing
- Cons:
- Higher initial cost
- Requires specific market conditions to perform at its best
Pros and Cons
Ice Scalper:
- Pros:
- Stability: The EA is noted for its stability, as mentioned by users.
- Price Action: Using price action without indicators can be beneficial in volatile markets.
- Support: Fast and effective customer support.
- Cons:
- Low Returns: As highlighted by Shinji Tanaka, the EA offers only about 5% return annually with 1:50 leverage.
- Leverage Dependency: High returns are only achievable with high leverage, which isn’t suitable for all traders.
EASY Scalperology:
- Pros:
- Profitability: Consistent and higher profitability compared to Ice Scalper.
- Versatility: Works well with various brokers and leverage settings.
- Comprehensive Testing: Extensive backtesting and forward-testing ensure reliability.
- Cons:
- Cost: The initial cost might be higher than Ice Scalper.
- Market Conditions: Requires specific market conditions to achieve optimal performance.
Optimal Usage Conditions
Ice Scalper works best under the following conditions:
- High Leverage: To achieve greater returns, it’s more effective with brokers offering high leverage (e.g., 500:1).
- Volatile Markets: Performs better in highly volatile market conditions where price action strategies shine.
- Frequent Monitoring: Requires active monitoring and adjustments based on market conditions.
Conclusion
The Ice Scalper presents an option for traders looking for a price action-based scalping EA. However, its dependency on high leverage and varying performance might be a drawback for some traders. EASY Scalperology, on the other hand, offers more reliable and consistent profitability, making it a superior choice for many traders. We encourage users to share their experiences and insights on forums to help others make informed decisions.
Source Code of Ice Scalper
We do not know the actual source code of the original Ice Scalper robot sold on MQL5. However, our team at EASY Trading Team has created a trading robot based on the description available on the MQL5 website. If you have any questions about the code, feel free to ask. Please note, we do not sell the Ice Scalper robot but offer an example code based on its description.
Code:
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