Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I have had the opportunity to evaluate various trading robots. In this review, we will take a look at the trading robot Live Orderbook. Despite the fact that there are no user reviews or ratings available for this product yet, it is important to analyze its features and performance to provide potential users with a clear understanding of its capabilities. Furthermore, we will compare it with one of our own trading robots from the EASY series, such as EASY Trendopedia, to highlight the differences in profitability, reliability, and overall performance.
Comparison with EASY Trendopedia
To provide a comprehensive analysis, let’s compare Live Orderbook with EASY Trendopedia:
Live Orderbook:
- No user reviews or ratings currently available.
- Focuses on analyzing live order book data to make trading decisions.
- Claimed to be effective in volatile market conditions.
- Lacks detailed performance statistics and user testimonials.
EASY Trendopedia:
- Numerous positive user reviews and high ratings.
- Utilizes advanced trend-following algorithms.
- Provides detailed performance statistics and backtesting data.
- Proven to be reliable and profitable across various market conditions.
While Live Orderbook may offer some interesting features, EASY Trendopedia has an established track record and user community that confirms its effectiveness. The detailed performance data and positive feedback make EASY Trendopedia a safer and more reliable choice for traders.
Pros and Cons
Live Orderbook:
- Pros:
- Analyzes live order book data, which could provide real-time insights.
- Potentially effective in high-volatility environments.
- Cons:
- No user reviews or ratings to validate its performance.
- Limited performance statistics available.
EASY Trendopedia:
- Pros:
- Numerous positive user reviews and high ratings.
- Proven track record and reliable performance.
- Comprehensive performance statistics and backtesting data.
- Cons:
- May require fine-tuning for optimal performance in extremely volatile conditions.
Optimal Conditions for Live Orderbook
Live Orderbook is designed to work best in volatile market conditions where rapid changes in order book data can provide actionable trading opportunities. Traders who thrive in fast-paced environments may find this robot to be useful. However, without user reviews and detailed performance data, it’s hard to fully endorse its effectiveness.
Source Code of Live Orderbook
We do not have access to the actual source code of the Live Orderbook robot sold on MQL5. However, based on the description provided on the MQL5 marketplace, we can create a similar trading robot. This code is an example provided by easytradingforum.com and is not the original Live Orderbook robot.
For those interested in understanding or modifying the robot's functions, our team can provide a sample code based on the description. Feel free to ask any questions regarding the code on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download Live Orderbook Trading Robot
We invite users to share their experiences with Live Orderbook on our forum. As there are no reviews or ratings available for this product, your feedback would be invaluable to other traders. Remember, this code is a creation of the EASY Trading Team based on the publicly available description and not the original robot sold on MQL5.