Multi timeframe Ichimoku Assistant MT5

[TopicStarter]

Introduction​

As a professional trader and programmer in MQL5 from the EASY Trading Team, I am often asked to review trading robots and compare them to our proprietary systems. Today, I will be discussing the Multi timeframe Ichimoku Assistant MT5, which has received positive feedback from its users. In this review, I will compare it to one of our own robots, the EASY Scalperology, to highlight why our robots provide a more profitable and reliable trading experience.

Comparison with EASY Scalperology​

While the Multi timeframe Ichimoku Assistant MT5 is rated highly by users, EASY Scalperology offers several advantages that make it a superior choice:

1. Profitability:
The EASY Scalperology has been rigorously tested in various market conditions and consistently delivers higher returns compared to the Multi timeframe Ichimoku Assistant. The scalping strategy employed by EASY Scalperology is optimized for quick gains with minimal risk.

2. Reliability:
Our robot has built-in risk management protocols and extensive historical data backtesting, ensuring stability and consistent performance. The Multi timeframe Ichimoku Assistant, although useful, lacks this level of thorough validation.

3. User Experience:
EASY Scalperology features an intuitive user interface and comprehensive documentation, making it accessible even to novice traders. The Multi timeframe Ichimoku Assistant, on the other hand, may require a deeper understanding of the Ichimoku indicator, which can be a barrier for some users.

Pros and Cons​

Multi timeframe Ichimoku Assistant MT5:

• Pros:
  - Effective multi-timeframe analysis.
  - Easy to set parameters.
  - Well-regarded by Ichimoku users.
• Cons:
  - Lacks advanced risk management features.
  - Limited customization compared to advanced robots.

EASY Scalperology:

• Pros:
  - High profitability.
  - Robust risk management.
  - User-friendly interface.
• Cons:
  - Primarily designed for scalping, less versatile for other strategies.

Optimal Usage Conditions​

The Multi timeframe Ichimoku Assistant MT5 excels in specific scenarios, especially when dealing with longer-term trends across multiple timeframes. It harnesses the Ichimoku indicator's strengths effectively, aiding traders in making informed decisions based on comprehensive market analysis. This robot is particularly beneficial for those familiar with the Ichimoku system who need a tool to automate and enhance their trading strategies.

Conclusion​

While the Multi timeframe Ichimoku Assistant MT5 is a commendable tool for traders, the EASY Scalperology offers a more profitable, reliable, and user-friendly alternative. We invite users to share their experiences and opinions on our forum to foster a community of knowledgeable traders.

Source Code of Multi timeframe Ichimoku Assistant MT5​

Unfortunately, we do not have access to the actual source code of the Multi timeframe Ichimoku Assistant MT5 sold on MQL5. However, based on the description available on the MQL5 website, it is possible to create a similar algorithm. We encourage traders to join the discussion on the EASY Trading Forum for more insights and potential code examples.

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Download Multi timeframe Ichimoku Assistant MT5​

If you have any questions about the code or its implementation, feel free to ask. Note that the provided code is an example created by easytradingforum.com based on the description of the Multi timeframe Ichimoku Assistant MT5 robot available on MQL5. The EASY Trading Team does not sell this robot but created code based on its description.