Introduction
As a professional trader and programmer for MQL5 from the EASY Trading Team, I bring you a detailed review of the Jackson Support and Resistance V2 trading robot. This analysis is based on user feedback and its comparison with one of the EASY series trading robots: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. I'll provide an objective review without unnecessary flattery, focusing on the practical aspects and real-user comments.
Comparison with EASY Robot: EASY Scalperology
When comparing Jackson Support and Resistance V2 with EASY Scalperology, some key differences become apparent:
User Feedback and Rating: Jackson Support and Resistance V2 has a solid rating of 4.88, with positive feedback highlighting its practical signals and well-made instructional videos. EASY Scalperology also boasts a high rating but is often praised for its precision and stability in scalping strategies.
Functionality:
- Jackson Support and Resistance V2: Primarily focuses on support and resistance levels, providing signals based on these key market points. Users like its simplicity and effectiveness for both buying and selling.
- EASY Scalperology: Specializes in high-frequency trading with a scalping strategy. It identifies short-term market trends and executes trades rapidly, aiming for small but consistent profits.
Profitability and Reliability: EASY Scalperology is significantly more profitable and reliable due to its advanced algorithms and real-time market analysis. Jackson Support and Resistance V2, while reliable, may not match the consistent performance of EASY Scalperology, especially in high-frequency trading environments.
Pros and Cons
Jackson Support and Resistance V2:
- Pros:
- Easy to use and understand.
- Good instructional videos.
- Effective in identifying key market points.
- Cons:
- Limited to support and resistance strategies.
- May need additional features like arrow buffers for better EA integration.
EASY Scalperology:
- Pros:
- High precision in scalping strategies.
- Advanced real-time market analysis.
- Consistent profitability.
- Cons:
- Requires a more active trading approach.
- Might be complex for beginners.
Optimal Conditions for Using Jackson Support and Resistance V2
Jackson Support and Resistance V2 works best in the following scenarios:
- Market conditions where support and resistance levels are clear and consistently respected.
- Swing trading strategies where trades are held for a few days to a week.
- Traders who prefer a straightforward approach without the complexity of high-frequency trading algorithms.
Source Code for Jackson Support and Resistance V2
It is important to note that the original source code for Jackson Support and Resistance V2, which is sold on MQL5, is not publicly available. However, the EASY Trading Team can create a similar trading robot based on the available description and features listed on the MQL5 website.
If you have questions about the code, feel free to ask them. This is an example code from easytradingforum.com, based on the description of the Jackson Support and Resistance V2 robot sold on MQL5. Please note that the EASY Trading Team does not sell the Jackson Support and Resistance V2 robot but only creates code based on its description.
Code:
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For those interested in exploring the Jackson Support and Resistance V2, visit the detailed statistics and download page at Jackson Support and Resistance V2 Trading Robot. We encourage users to share their experiences and feedback on the forum to help improve the trading community's understanding of these tools.