Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, today I will review the ReitakFX Pattern Pro Indicator. This review will cover its user feedback, functionality, and how it compares with one of our EASY series robots, namely EASY Scalperology. I will highlight the key advantages and disadvantages, optimal usage conditions, and conclude with some insights on its source code and a call for user feedback.
Comparison with EASY Scalperology
The primary difference between the ReitakFX Pattern Pro Indicator and EASY Scalperology lies in their purposes and functionalities. The ReitakFX Pattern Pro is a pattern recognition tool focusing on identifying various market patterns, whereas EASY Scalperology is designed for profitable scalping opportunities leveraging advanced algorithms and real-time data analysis.
While the ReitakFX Pattern Pro Indicator boasts a high rating of 4.71, user feedback highlights some usability issues and developer attitude that may detract from its overall effectiveness. Conversely, EASY Scalperology prides itself on user-centric design, efficient performance, and high profitability.
Pros and Cons
ReitakFX Pattern Pro Indicator:
- Pros:
- High rating from users.
- Effective in identifying market patterns.
- Easy to integrate with other indicators like Reitak ProTrend Indicator.
- User-friendly for both beginners and professionals.
- Cons:
- Usability concerns—lack of an intuitive interface.
- Developer's reluctance to implement requested features.
- Potentially bloated interface, reducing screen usability.
EASY Scalperology:
- Pros:
- Highly user-friendly interface with configurable dashboards.
- Focused on high-frequency trading opportunities.
- Regular updates and user-requested features.
- Comprehensive customer support.
- Cons:
- Requires a more active trading approach.
- Might be overwhelming for complete beginners.
Optimal Usage Conditions
The ReitakFX Pattern Pro Indicator is best utilized in environments where pattern recognition is critical. This includes:
- Swing trading strategies.
- Day trading where market patterns form quickly.
- Combining with other indicators for a more comprehensive analysis.
In contrast, EASY Scalperology excels in:
- High-frequency, short-term trading scenarios.
- Volatile market conditions where quick decisions are essential.
- Traders seeking automation and minimal manual intervention.
Source Code of ReitakFX Pattern Pro Indicator
The original source code of the ReitakFX Pattern Pro Indicator is not publicly available. However, the EASY Trading Team has developed an example code based on the detailed description provided on the MQL5 website. This example is available for discussion and improvement on our forum. It's important to note that our team does not sell the ReitakFX Pattern Pro Indicator but has created a similar code for educational purposes.
Code:
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To download and integrate the ReitakFX Pattern Pro Indicator, visit Forex Robot Easy. If you have any questions about the code or its implementation, feel free to ask on our forum or in the comments section below. Remember, this example code is provided by easytradingforum.com, based on the MQL5 description, and the EASY Trading Team does not sell the original ReitakFX Pattern Pro Indicator. We encourage users to share their thoughts and experiences to further enhance our collective trading strategies.