Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I am often tasked with evaluating various trading robots available on the market. Today, we will review the Multi TimeFrame Currency Meter based on user feedback and compare it with one of our own robots from the EASY series: the EASY Trendopedia. User opinions are mixed, resulting in an average rating of 3.4, so let's dive deeper into its performance and utility.Comparison with EASY Trendopedia
The Multi TimeFrame Currency Meter is designed to analyze currency strength across multiple time frames, while EASY Trendopedia focuses on trend-following strategies.EASY Trendopedia Advantages:
- Proven track record of profitability.
- Stability and reliability in various market conditions.
- Superior algorithm that adapts to different market trends.
- Extensive backtesting with positive results.
- Dedicated customer support and frequent updates.
Multi TimeFrame Currency Meter Disadvantages:
- User complaints about erratic behavior and unclear signals.
- Limited customer support as noted in some reviews.
- Some users find it unreliable for trading decisions.
- Gray screen issues reported by some users.
Pros and Cons
Multi TimeFrame Currency Meter Pros:- Multi-timeframe analysis can be useful for some trading strategies.
- Developer responsiveness as per some user feedback.
- Potential for intra-day trend detection on lower time frames.
Cons:
- High sensitivity leading to frequent signal changes.
- Mixed user reviews with significant negative feedback.
- Stability issues noted when starting a new period.
EASY Trendopedia Pros:
- Consistent performance across various conditions.
- Robust trend-following algorithm.
- Positive user feedback and testimonials.
- Comprehensive support and updates.
Cons:
- May not be suitable for traders preferring multi-timeframe analysis.
- Slight learning curve to understand all functionalities.
Optimal Usage Conditions
The Multi TimeFrame Currency Meter works best in conditions where intra-day trends can be leveraged. For instance, it may be useful for scalpers who need to identify quick trend changes within the day. However, it’s also crucial to consider the varying feedback on its reliability and stability.Original Source Code of Multi TimeFrame Currency Meter
It's important to note that the original source code for the Multi TimeFrame Currency Meter is not publicly available. However, our team has developed a similar robot based on the publicly available description from MQL5. We believe transparency is key, and we encourage users to examine and understand the code provided on our forum at easytradingforum.com.
Code:
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If you're interested in downloading the Multi TimeFrame Currency Meter, you can find it on the MQL5 market. For further questions or discussions about our customized version, feel free to join our forum and share your experiences. Remember, the EASY Trading Team does not sell the Multi TimeFrame Currency Meter; we simply provide a code based on its description for educational purposes.For more details, visit the official site at Multi TimeFrame Currency Meter Official Site.