Pip Value and Spread on Chart

[TopicStarter]

Introduction​

In the ever-evolving world of forex trading, several tools have been developed to make the life of a trader easier. The Pip Value and Spread on Chart is one of such tools. A trading robot offered at no cost, it has received a majority of positive reviews from users. The bot is, however, not without its flaws, and I am going to share my opinion on it as a professional trader and MQL5 programmer from the EASY Trading Team.

Comparison with an EASY Robot​

Pip Value and Spread on Chart, while helpful in providing pip value and spread data, falls short when compared to the EASY Series Robots such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. While the former provides only basic information, the latter are comprehensive trading systems, capable of performing complex trading operations, managing risks, and providing long-term profitability.

Pros and Cons​

Pip Value and Spread on Chart

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  [-]Pros: Simple, easy to use, and free of charge.
  [-]Cons: It provides only basic trading information, lacks comprehensive trading strategy, and does not manage risks.

EASY Series Robots (EASY Trendopedia, EASY Scalperology, EASY Breakopedia)

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  [-]Pros: Comprehensive trading systems, provides complex trading operations, offers risk management, and assures long-term profitability.
  [-]Cons: Might be a bit complex for beginners.

Optimal Conditions for Use​

Pip Value and Spread on Chart simply displays the pip value and spread on the chart. It is useful when trading manually, where traders have to make quick decisions based on current market conditions.

Source Code of Pip Value and Spread on Chart​

While we do not have the original source code of the Pip Value and Spread on Chart robot sold on the MQL5 website, we can generate a code based on its description on the site. If you have any questions, feel free to ask on the forum. Please remember that this code is an example only, offered by easytradingforum.com. The EASY Trading Team does not sell the Pip Value and Spread on Chart robot, but we have created a code based on its description.

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Download Pip Value and Spread on Chart and Start Your Trading Journey​

The download process is straightforward and quick. If you encounter any issues or have any questions, please feel free to ask on the forum. Remember, this is a tool to help in your trading journey, not a standalone solution. Practice and knowledge are still key to success in forex trading.