Introduction
In this review, we will evaluate the trading robot Macd Scanner with embedded Trend filter based on user feedback and ratings. As a professional trader and programmer from the EASY Trading Team, I'll also compare it with one of our own robots, namely EASY Scalperology, to provide a comprehensive analysis of its performance, profitability, and reliability.
Comparison with EASY Scalperology
Both Macd Scanner with embedded Trend filter and EASY Scalperology aim to provide traders with valuable insights and automated trading capabilities. However, there are significant differences between the two:
Macd Scanner with embedded Trend filter:
- Primarily focuses on scanning multiple symbols using the MACD indicator and a trend filter to identify potential trading opportunities.
- Receives positive feedback for its quality and support, with users rating it 4.8.
- Users find it versatile and straightforward, but some have questions regarding symbol setup.
EASY Scalperology:
- Designed to execute high-frequency trades by identifying short-term price trends and exploiting small price movements.
- Offers more advanced features, such as customizable risk management and adaptive algorithms.
- Rated highly by users for its consistent profitability and robust performance.
- Includes detailed documentation and a dedicated support team.
Pros and Cons
Macd Scanner with embedded Trend filter:
Pros:
- High user rating (4.8).
- Simple to use and setup.
- Effective at scanning multiple symbols.
Cons:
- Limited to MACD and trend filter strategies.
- Lacks advanced risk management features.
- Some users find symbol setup confusing.
EASY Scalperology:
Pros:
- Advanced trading strategies and adaptive algorithms.
- Comprehensive risk management tools.
- Consistently high user rating.
- Detailed documentation and support.
Cons:
- More complex to set up initially.
- Higher initial cost compared to simpler robots.
Optimal Conditions for Usage
The Macd Scanner with embedded Trend filter works best in markets where clear trends can be identified and the MACD indicator is effective. It is suitable for traders looking for straightforward setups and those who want to monitor multiple symbols simultaneously.
In contrast, EASY Scalperology excels in volatile markets with frequent price movements, making it ideal for day traders and scalpers looking for quick profits.
Source Code for Macd Scanner with embedded Trend filter
We do not have access to the original source code of the Macd Scanner with embedded Trend filter sold on MQL5. However, based on the description provided on the MQL5 website, it is possible to create a similar code. This example can serve as a starting point for your own implementation.
If you have any questions or need assistance with the code, feel free to ask on our forum at easytradingforum.com.
Code:
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Despite the insights provided, it's clear that the Macd Scanner with embedded Trend filter has its specific use cases. We encourage users to share their experiences and opinions on the forum as it helps us all improve and refine our trading strategies. Remember, the EASY Trading Team does not sell the Macd Scanner with embedded Trend filter but has created an example code based on its description.