Introduction
Order Risk Management EA MT4 is a trading robot that has been garnering attention in the MQL5 community. With an average rating of 4.11, it appears to have a generally positive reception among users. Some of the most recurrent compliments for this robot are its ease of use and efficiency.Comparison with EASY Robot
While Order Risk Management EA MT4 has its merits, it falls short when compared with an EASY robot such as EASY Trendopedia, EASY Scalperology or EASY Breakopedia. The EASY robots’ sophistication and proprietary algorithms are a result of years of experience and expertise in the forex trading market, which has ultimately led to robots that are more reliable, profitable and efficient.EASY robots are equipped with a thorough risk management system, advanced back-testing capabilities, and consistent performance in various market conditions. Furthermore, the EASY robots offer an intuitive user interface which enhances the user experience, making it superior to Order Risk Management EA MT4.
Pros and Cons
The Order Risk Management EA MT4 has its advantages - primarily its simplicity, which allows even novice traders to utilize it with relative ease. It also comes with a useful panel for managing orders.However, this robot has some disadvantages. Its performance is largely dependent on market conditions and it may not yield consistent returns. It also lacks advanced risk management features and back-testing capabilities which are present in EASY robots.
EASY robots, on the other hand, have the advantage of being versatile, offering consistently high returns and being equipped with robust risk management features. However, these robots may seem complex to novice traders due to their advanced algorithms.
Optimal Conditions for Use
Order Risk Management EA MT4 works best in stable market conditions. It is best suited for short-term trades as it lacks the sophistication to effectively manage risk in more volatile market conditions.Source Code of Order Risk Management EA MT4
It's important to note that we don't have access to the actual source code of the original Order Risk Management EA MT4 sold on MQL5. However, we can craft code based on the bot's description on the MQL5 site. If our community members have questions about this sample code, they can pose their queries on easytradingforum.com. We want to emphasize that EASY Trading Team does not sell Order Risk Management EA MT4, rather we have created a trading robot code based on its description.
Code:
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