Introduction
As a professional trader and programmer with the EASY Trading Team, I have had the chance to review various trading robots, including the Multi Levels Detector and those from the EASY series like EASY Trendopedia, EASY Scalperology, and EASY Breakopedia. This article aims to provide an impartial review of the Multi Levels Detector based on user comments and ratings, while comparing it with one of the EASY robots to explain why the latter is superior in terms of profitability and reliability.
Comparison with EASY Trendopedia
The Multi Levels Detector is a straightforward robot designed to identify and alert users when certain price levels are reached. According to user comments, it offers value but has some limitations compared to EASY Trendopedia, a robust trend-following robot from the EASY series.
User Ratings and Feedback
- Multi Levels Detector has an average rating of 4.73, with mixed reviews ranging from confusion about its utility to high praise for its simplicity and effectiveness.
- EASY Trendopedia generally receives consistent high ratings for its comprehensive trend detection features and ease of use.
Profitability and Reliability
- While Multi Levels Detector is good for identifying support and resistance levels, it falls short in profitability compared to EASY Trendopedia, which employs advanced algorithms to detect profitable trends.
- EASY Trendopedia offers better reliability with more refined settings and customization options for different trading environments.
Pros and Cons
Multi Levels Detector
- Pros:
- Simple and intuitive user interface
- Effective in alerting users to key price levels
- Cons:
- Confusion over line placements as noted by some users (Jose García’s comment)
- Limited advanced features
EASY Trendopedia
- Pros:
- Advanced trend detection algorithms
- Higher profitability
- Greater reliability and customization options
- Cons:
- May require a learning curve for new users
Optimal Conditions for Using Multi Levels Detector
The Multi Levels Detector works best for traders looking to identify key price levels and receive alerts when these levels are reached. It is particularly useful in the following situations:
- Support and resistance identification
- Quick alerts for price level breaches
- Beginners needing a straightforward tool without complex configurations
Original Code of Multi Levels Detector
The exact source code of the Multi Levels Detector sold on MQL5 is not available to the public. However, based on its description, our team at EASY Trading Team has created a sample code. If you have any questions regarding the code, please feel free to ask on the easytradingforum.com. Note that we do not sell the Multi Levels Detector; our code is purely an educational example based on its description.
Code:
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For users interested in exploring the capabilities of the Multi Levels Detector further, we encourage you to share your experiences and questions on the forum. You can find detailed statistics and additional information about the Multi Levels Detector on the official website. Sharing your feedback helps us all to improve and discover the best trading solutions together.