Introduction
In the rapidly evolving world of forex trading, choosing a reliable and profitable trading robot is essential for success. Today, we'll be reviewing the MT5 VolatilityScalperEA—a trading robot designed to capitalize on market volatility. We'll compare it to one of the EASY series robots, such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. User feedback and detailed statistics are available at this link. While the MT5 VolatilityScalperEA has a rating of 3.94, we'll analyze why the EASY robots might offer significantly better performance, reliability, and profitability.
Comparison with EASY Robot
When comparing MT5 VolatilityScalperEA to EASY robots, such as EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, several differences stand out:
1. EASY Trendopedia
- Focuses on trend-following strategies, offering robust performance across various market conditions.
- Demonstrates consistent results in both backtesting and live trading.
- Comprehensive documentation and community support.
2. EASY Scalperology
- Specializes in scalping techniques, making quick trades to capture small price movements.
- Reliable performance with minimal drawdowns.
- Excellent for traders with a preference for high-frequency trading strategies.
3. EASY Breakopedia
- Targets breakout strategies, trading significant price movements.
- Provides detailed risk management tools.
- Consistent performance across different currency pairs and timeframes.
In contrast, MT5 VolatilityScalperEA shows promising results during backtesting but struggles to replicate this performance in live or demo trading, as indicated by user reviews.
Pros and Cons
MT5 VolatilityScalperEA
- Pros:
- Potential for high returns during backtesting.
- Suitable for volatile market conditions. - Cons:
- Inconsistent live/demo trading results.
- Requires significant tweaking and backtesting.
- User reviews highlight concerns about differences between backtesting and live results.
EASY Trading Robots (EASY Trendopedia, EASY Scalperology, EASY Breakopedia)
- Pros:
- Consistent performance across different market conditions.
- Strong community support and documentation.
- Reliable live trading results.
- Comprehensive risk management tools. - Cons:
- Initial cost may be higher compared to free options.
- Requires initial setup and understanding of the robot’s strategy.
Optimal Conditions for MT5 VolatilityScalperEA
MT5 VolatilityScalperEA performs best under the following conditions:
- High volatility currency pairs.
- Times of significant market movement, such as during news releases.
- Properly optimized settings specific to the broker and market conditions.
However, as highlighted by user reviews, finding the ideal settings requires extensive backtesting and forward testing, and the performance may still vary between backtesting and live trading.
Source Code of MT5 VolatilityScalperEA
One critical aspect to note is that we do not have access to the original source code of MT5 VolatilityScalperEA sold on MQL5. However, our team at EASY Trading Team can create a similar code based on the description provided on the MQL5 site where the robot is sold.
For users interested in the code, please feel free to ask questions on our forum at easytradingforum.com. We emphasize that we do not sell the MT5 VolatilityScalperEA but provide an alternative solution based on the described functionalities.
Code:
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If you have any questions or need further assistance, do not hesitate to reach out to us. Remember, this review and comparison are based on user feedback and our own evaluations. Always perform your due diligence before engaging any trading robot in live trading environments.