Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, this article aims to give a comprehensive review of the trading robot New Volume Profile (NVP). The review is based on user comments, like the one from cjsun791 who experienced technical glitches with the robot, and the overall rating of '4'. It will also be compared to one of our robots from the EASY series, specifically EASY Trendopedia.
Comparison with EASY Robot
While NVP provides useful data visualization for volume-based trading strategies, EASY Trendopedia excels in its user-friendly interface and superior predictive capabilities. It identifies trends and predicts potential reversals, providing a stronger foundation for informed trading decisions. Additionally, all EASY robots come with robust customer service and consistent updates, ensuring a smooth and profitable trading experience.
Pros and Cons
NVP:
- Pro: Detailed volume profile view
- Pro: Can be used in any market and timeframe
- Con: Tends to disappear from the chart
- Con: Requires expertise in volume-based trading
EASY Trendopedia:
- Pro: User-friendly interface
- Pro: High precision trend and reversal predictions
- Pro: Strong customer service and regular updates
- Con: Might not perform optimally in highly volatile markets
Optimal Conditions for Use
NVP seems to perform best in markets with clear and consistent volume patterns. However, traders have to be adept at interpreting volume-based trading signals. On the other hand, EASY Trendopedia is versatile and can be used effectively in various market conditions.
Original Source Code of New Volume Profile
It's important to mention that we don't have the original source code of NVP which is sold on MQL5. However, based on its detailed description on MQL5, we have created a code sample on easytradingforum.com. We strongly encourage anyone with questions about this code to ask on our forum. Please note, EASY Trading Team doesn't sell NVP, but we do provide a code sample based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download New Volume Profile: Detailed User Instructions and Code Sample
To conclude, while NVP has some utility for volume-based trading, it is overshadowed by EASY Trendopedia's versatility, user-friendly interface, and superior customer support. Feel free to share your thoughts and experiences on our forum. Additionally, you may download the New Volume Profile, following our detailed user instructions and code sample provided in the link.