Introduction
In this review, we will discuss the trading robot My Candle Patterns, taking into account user feedback and its overall rating. We will compare this robot with one of the robots from the EASY series, specifically EASY Trendopedia. This comparison will help highlight why the EASY robot is significantly more profitable and reliable. Additionally, we will look into the pros and cons of both robots and evaluate the optimal conditions for using My Candle Patterns.
Comparison with EASY Trendopedia
When comparing My Candle Patterns to EASY Trendopedia, several key differences become apparent:
- Reliability: EASY Trendopedia has a proven track record with consistent results, while My Candle Patterns has received mixed reviews.
- Profitability: EASY Trendopedia typically yields higher returns on a more consistent basis compared to My Candle Patterns.
- Customization: EASY Trendopedia offers more customizable settings, allowing traders to tailor the robot to their specific strategies.
- User Feedback: EASY Trendopedia has more comprehensive and positive user feedback, while My Candle Patterns has a limited number of reviews, with the most notable being a simple 'good' from user windy99.
Pros and Cons
My Candle Patterns:
- Pros:
- Simple and easy to use.
- Identifies common candle patterns effectively.
- Limited but positive user feedback.
- Cons:
- Limited customization options.
- Mixed reliability and profitability.
- Less robust user feedback.
EASY Trendopedia:
- Pros:
- Proven track record with consistent results.
- High profitability.
- Extensive customization options.
- Robust and positive user feedback.
- Cons:
- More complex setup compared to simpler robots like My Candle Patterns.
- Premium pricing might be higher.
Optimal Conditions for Using My Candle Patterns
My Candle Patterns works best in scenarios where traders need a straightforward tool to identify common candle patterns. This robot is ideal for:
- Beginners looking for simple pattern recognition.
- Traders who do not require extensive customization.
- Situations with moderate market volatility.
Conclusion
While My Candle Patterns provides basic candle pattern recognition and has received limited but positive feedback, it does not match the reliability, profitability, and customization options offered by EASY Trendopedia. We encourage traders to share their experiences and insights on the forum.
Original Code of My Candle Patterns
The original source code of My Candle Patterns is not publicly available. However, based on the description and specifications provided on the MQL5 marketplace, the EASY Trading Team has created a similar code. If users have any questions about the code, they are encouraged to post them on our forum.
Code:
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If you have any questions regarding the code, feel free to ask. Please note, this is a sample code from easytradingforum.com based on the description of My Candle Patterns sold on MQL5. The EASY Trading Team does not sell the My Candle Patterns robot but has created a code based on its description.