Introduction
OrderManager MT4 is a popular trading robot designed to streamline trade management in MetaTrader 4 (MT4). With features such as news feeds, position size calculators, and user-friendly interfaces, this EA (Expert Advisor) has received generally positive reviews from users. However, how does it compare to EASY Trading Team's proprietary bots like EASY Trendopedia, EASY Scalperology, and EASY Breakopedia? This article will provide an unbiased review based on user comments and a detailed comparison with one of our EASY bots.Comparison with EASY Trendopedia
OrderManager MT4 offers a range of trade management features but lacks the strategic trading capabilities of EASY Trendopedia. EASY Trendopedia is designed specifically to capitalize on trend-following strategies, which makes it more profitable and reliable in various market conditions.Advantages of EASY Trendopedia:
- Advanced trend-following algorithms
- Higher profitability in trending markets
- Robust backtesting results
- Automated adjustments to market conditions
Disadvantages of OrderManager MT4:
- Limited strategic capabilities
- Issues with TP (Take Profit) calculations in specific currency pairs like GBP/USD
- Potential for user error due to closely spaced buttons
While OrderManager MT4 excels in ease of use and basic trade management, EASY Trendopedia offers a more sophisticated approach to trading that can yield higher returns.
Pros and Cons
OrderManager MT4 Pros:- User-friendly interface
- Comprehensive trade management features
- Immediate support from the creator
- Multiple functionalities like news feeds and position size calculators
OrderManager MT4 Cons:
- Limited to basic order management
- Issues with TP calculations for specific currencies
- Potential for user error due to UI design
EASY Trendopedia Pros:
- Superior trend-following strategy
- Automated adjustments for varying market conditions
- Higher profitability in trending markets
- Robust back-testing
EASY Trendopedia Cons:
- May require a learning curve for beginners
- Higher initial cost
Optimal Usage Conditions
OrderManager MT4 shines in scenarios where traders need a straightforward, user-friendly tool for managing their trades. It is ideal for those who are just starting in the trading world or those who require a reliable assistant for basic order management.In contrast, EASY Trendopedia performs best in trending market conditions. Its sophisticated algorithms and robust back-testing make it an excellent choice for traders looking for higher profitability and more advanced trading strategies.
Conclusion
While OrderManager MT4 offers a plethora of trade management features and user-friendly design, it falls short in strategic trading capabilities compared to EASY Trendopedia. Traders seeking not just ease of use but also higher profitability and reliability will find our proprietary bots significantly better.We encourage users to share their experiences and feedback on our forum to help us continually improve our offerings.
Source Code of OrderManager MT4
The original source code of OrderManager MT4 is not publicly available, making it difficult to assess its internal workings in detail. Our team at EASY Trading Team can, however, create a code based on the descriptions provided on MQL5. If users have questions or need assistance with this example code, feel free to ask on easytradingforum.com.
Code:
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