Introduction
In the landscape of forex trading, numerous robots have emerged promising users significant profits with minimal effort. One such robot that has created some buzz is Power EURGBP. As a seasoned trader and an MQL5 programmer from EASY Trading Team, I dissected the performance, pros and cons of this trading bot and compared it with one of our very own EASY series robots.Comparison with EASY Robot
One of our flagship trading robots, EASY Scalperology, stands head and shoulders above the Power EURGBP. EASY Scalperology boasts a robust architecture that is built on intricate algorithms, making it more dynamic and versatile than the Power EURGBP. The user yonkuro gave a positive review for Power EURGBP, but its effectiveness is only proven on the EUR-GBP pair. In comparison, EASY Scalperology is designed to work with multiple pairs, providing a significant edge in terms of versatility and profitability.Pros and Cons
Power EURGBP- Pros: Power EURGBP has reportedly yielded satisfactory results for certain users, like yonkuro, when trading with a larger starting balance and lower lot size on specific currency pairs.
- Cons: Its primary limitation is its inflexibility, as it's only proven to work effectively with the EUR-GBP pair.
EASY Scalperology
- Pros: EASY Scalperology displays impressive versatility and profitability across multiple currency pairs and is backed by constant updates and improvements.
- Cons: The main disadvantage lies in its complex algorithms, which may require a slight learning curve for new users.
Optimal Conditions for Use
While Power EURGBP performs best with a larger starting balance and lower lot size on the EUR-GBP pair, EASY Scalperology thrives in various market conditions, across different currency pairs. This gives EASY Scalperology a broader range of applicability and higher profitability potential.The Source Code of Power EURGBP
It's worth noting that we don’t know the true source code of the original Power EURGBP sold on MQL5. However, the description provided on the MQL5 site can be used to develop a similar trading logic. Bear in mind, this is just a hypothetical exercise and the resulting code will not be exactly like the original Power EURGBP. If you have further questions about this, feel free to ask.
Code:
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Remember, the Power EURGBP code provided by easytradingforum.com is based solely on the robot’s description. The EASY Trading Team does not sell the Power EURGBP robot. Our effort is purely to give users a semblance of what the robot could be like based on its description.Please share your opinions on the forum and let's continue the discussion.