Introduction
The Levels on Fractals with Bands Filter trading robot offers traders a combination of fractal analysis and band filters to determine optimal trading levels. With a user rating of 5 from Nicolas Dobrovsky, it is commended for its efficient indicator but requires adjustments between trend and flat market conditions to avoid false signals. In this review, we'll compare it with one of the EASY series robots, specifically the EASY Trendopedia, to highlight its performance, strengths, and weaknesses.
Comparison with EASY Trendopedia
The EASY Trendopedia robot is designed for trend-following strategies and has shown consistent profitability across various market conditions. Unlike Levels on Fractals with Bands Filter, which requires manual adjustment between flat and trend market conditions, EASY Trendopedia automatically adapts to market changes, reducing the likelihood of false signals.
Advantages of EASY Trendopedia:
- Automatically adapts to market conditions
- Consistent profitability
- Reduces manual intervention
Disadvantages of EASY Trendopedia:
- Higher initial investment required
- More complex setup process
Advantages of Levels on Fractals with Bands Filter:
- Combines fractal analysis with band filters
- User-friendly interface
- Good for specific market conditions
Disadvantages of Levels on Fractals with Bands Filter:
- Requires manual adjustment between market conditions
- Prone to false signals if not tuned properly
Pros and Cons
Pros of Levels on Fractals with Bands Filter:
- Effective combination of fractal analysis and band filters
- User-friendly
Cons of Levels on Fractals with Bands Filter:
- Requires manual adjustments
- Potential for false signals in flat markets
Optimal Use Conditions
The Levels on Fractals with Bands Filter robot performs best in clearly trending markets where fractals can easily identify reversal points. In flat or ranging markets, it may generate false signals, making it crucial to switch strategies or filters. Users must remain vigilant and adjust the strategy according to market conditions to maintain its effectiveness.
Conclusion
While the Levels on Fractals with Bands Filter robot provides valuable insights and tools for trading, it requires a more hands-on approach compared to the automated adaptability of the EASY Trendopedia. For traders who prefer a more automated and consistent approach, the EASY Trendopedia is a superior choice. However, for those adept at manual adjustments, the Levels on Fractals with Bands Filter can still be a useful tool. Users are encouraged to share their experiences on forums and continually adjust their strategies for optimal performance.
Source Code of Levels on Fractals with Bands Filter
We do not have access to the original source code of Levels on Fractals with Bands Filter, which is sold on MQL5. However, based on its description, our team at EASY Trading Team can replicate its functionalities. Traders can refer to the example code available on easytradingforum.com for guidance. Note that this is not the original robot, but a code inspired by its description.
If you have any questions about the code, feel free to ask them on the forum. Remember, our team does not sell the Levels on Fractals with Bands Filter robot.
Code:
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For those interested in trying out the Levels on Fractals with Bands Filter robot, it is available for download on the MQL5 marketplace. Please visit https://forexroboteasy.com/trading-robot/levels-on-fractals-with-bands-filter/ for detailed statistics and more information. Your feedback and experiences are valuable, so please share them on relevant forums.