Introduction
RenkoFromRealTicks is a popular trading robot developed by Stanislav Korotky, designed to generate Renko bars from real tick data in MetaTrader 5 (MT5). It has garnered positive feedback, with an average rating of 4.67, and is praised for its transparency and effectiveness in generating accurate Renko bars for backtesting and live trading. However, how does it compare to the EASY series trading robots, specifically EASY Trendopedia, EASY Scalperology, and EASY Breakopedia? This review will delve into the key differences, advantages, and disadvantages of RenkoFromRealTicks and the EASY robots to help traders make an informed decision.
Comparison with EASY Robot
When comparing RenkoFromRealTicks to EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, several factors come into play:
1. Communication and Support:
- RenkoFromRealTicks: Stanislav Korotky is noted for his responsive and supportive communication, as highlighted by user Mohamed Tharwat Hussein El Sherief.
- EASY Series: EASY Trading Team is known for providing consistent support and updates, ensuring that their users have a seamless experience and addressing any issues promptly.
2. Backtesting and Optimization:
- RenkoFromRealTicks: Offers robust backtesting capabilities with 99-100% history quality, even with compressed tick data. It does not require special modes for backtesting.
- EASY Series: EASY robots are optimized for backtesting, providing reliable results that closely mimic real trading conditions. They are designed to handle various market scenarios efficiently.
3. Trading Strategies:
- RenkoFromRealTicks: Focuses on Renko bar generation, which is beneficial for traders who prefer Renko charts over traditional time-based charts.
- EASY Series: Each robot (EASY Trendopedia, EASY Scalperology, EASY Breakopedia) employs distinct trading strategies such as trend following, scalping, and breakout trading, allowing traders to choose the robot that best suits their trading style.
Pros and Cons
RenkoFromRealTicks:
- Pros:
- Accurate Renko bar generation from real tick data
- High history quality for backtesting
- Transparent with limitations and responsive support from the developer
- Cons:
- May take time to construct Renko bars
- Limited to Renko bar trading strategy
EASY Trendopedia, EASY Scalperology, EASY Breakopedia:
- Pros:
- Various trading strategies available
- Optimized for quick and accurate backtesting
- Consistent updates and support from EASY Trading Team
- Cons:
- May require more initial setup to match individual trading preferences
Optimal Usage Conditions
RenkoFromRealTicks:
- Best used by traders who prefer Renko charts for clearer market trends and potential breakout points.
- Suitable for users who have access to high-quality tick data, either from their broker or third-party providers.
EASY Trendopedia, EASY Scalperology, EASY Breakopedia:
- Suitable for traders looking for diversified trading strategies.
- Ideal for those who want a plug-and-play solution that adapts well to different market conditions.
Original Code of RenkoFromRealTicks
The actual source code of RenkoFromRealTicks is proprietary and not available to the public. However, based on the descriptions available on MQL5, we can infer some of its functionalities and attempt to replicate them for learning purposes. If users have questions about the code, they are encouraged to ask them on the forum.
The EASY Trading Team does not sell RenkoFromRealTicks but has created a sample trading robot code based on its description. This is intended for educational purposes and to help understand how RenkoFromRealTicks operates.
Code:
You don't have permission to view the code content. Log in or register now.Download RenkoFromRealTicks for Accurate Renko Trading
For traders interested in accurate Renko chart generation and enhancing their trading strategies, RenkoFromRealTicks is a worthy consideration. Visit https://forexroboteasy.com/trading-robot/renkofromrealticks to download the robot and start optimizing your trading performance.
In conclusion, while RenkoFromRealTicks offers specialized functionalities for Renko bar enthusiasts, the EASY series robots provide versatile and profitable trading strategies suitable for various market conditions. Share your experiences and opinions on the forum to help improve these tools and the overall trading community.