Introduction
Order Blocks Selection EA has generated a considerable amount of interest among traders. As a professional trader and MQL5 programmer from EASY Trading Team, it is crucial to provide an objective review. Here, we'll explore its features, compare it with one of our EASY series trading robots, and explain the pros and cons of each. Additionally, we’ll discuss the optimal usage scenarios for Order Blocks Selection EA and shed light on its source code.Comparison with EASY Trading Robot
To give a clear perspective, let's compare Order Blocks Selection EA with EASY Breakopedia, a renowned bot from our EASY series.Order Blocks Selection EA
- Designed for traders who rely heavily on order blocks methodology.
- Automatically calculates and places pending orders based on OB zones.
- Allows the setting of take profit (TP) and stop loss (SL) levels automatically or manually.
- Simple steps to follow for setting up trades.
- Highly customizable in terms of risk management.
- Received positive reviews for the ease of use and effectiveness in order placements.
EASY Breakopedia
- Focused on breakout strategies which are well-suited for volatile market conditions.
- Features advanced algorithms for detecting potential breakouts.
- Includes risk management tools to automate TP and SL adjustments.
- User-friendly interface with extensive customization options.
- Back-tested rigorously for profitability and reliability.
- Offers detailed statistical analysis and performance reports.
Pros and Cons
Order Blocks Selection EA Pros:
- Ease of integration with existing OB strategies.
- Saves time by automating pending orders placement.
- Ability to customize TP and SL settings.
- User-friendly setup process.
Order Blocks Selection EA Cons:
- May require initial understanding of OB methodology.
- Some users reported issues with order generation.
- Less statistical data and performance reporting compared to EASY Breakopedia.
EASY Breakopedia Pros:
- Excellent for breakout strategies.
- Strong historical performance backed by extensive back-testing.
- Advanced risk management features.
- Comprehensive performance analytics.
EASY Breakopedia Cons:
- May not be ideal for traders focusing on order blocks.
- Slightly more complex setup required.
Optimal Usage Conditions
Order Blocks Selection EA works best for traders who:- Have a solid understanding of order blocks methodology.
- Prefer automating their trading strategies.
- Seek to save time on manual order placements.
- Are comfortable with basic customization of TP and SL levels.
Conversely, EASY Breakopedia is more suited for traders looking to capitalize on breakout opportunities and those who value detailed performance analytics.
Source Code for Order Blocks Selection EA
We currently do not have the actual source code for Order Blocks Selection EA as sold on MQL5. However, we can derive a code based on the detailed description provided on the MQL5 marketplace. If you are interested in a sample code, feel free to reach out with your questions on easytradingforum.com. It's essential to note that the EASY Trading Team does not sell Order Blocks Selection EA; we only create code inspired by its described functionality.
Code:
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For those interested in downloading Order Blocks Selection EA, you can find more details and a free trial at Order Blocks Selection EA Download. If you have any questions about the code or functionality, feel free to ask on our forum.We encourage all users to share their experiences and feedback to help others make informed decisions.