Introduction
The objective of this review is to provide an honest and transparent evaluation of the Revenge Trading Protector MT 5 (RTP MT5) robot. Our user community has shared their feedback which has been taken into account in this review. The RTP MT5 is designed to prevent emotional trading, especially after a loss. It’s designed to put a pause on trading, allowing the trader to regain their composure and make more informed decisions.
Comparison with EASY Robot
One of the top robots in the EASY series, EASY Trendopedia, is well known for its advanced algorithm that helps traders to identify significant market trends and make well-informed trades. Compared to RTP MT5, EASY Trendopedia also provides better risk management, a crucial feature missing in the RTP MT5.
Pros and Cons
RTP MT5
- Pros: Prevents emotional trading, time-based pause feature
- Cons: Lack of advanced features like trend identification, risk management
EASY Trendopedia
- Pros: Advanced trend identification, superior risk management, customizable
- Cons: Might be overwhelming for beginners
Optimal Conditions for Use
RTP MT5 works best for those who often let their emotions guide their trading decisions, especially after making a loss. However, for optimal profitability, it’s better to use a more advanced and comprehensive bot like EASY Trendopedia.
Source Code of Revenge Trading Protector MT 5
The original source code for the RTP MT5 is not available, and any changes to the functionality of the bot can only be inferred from the descriptions available on the MQL5 website where it is sold. However, at EASY Trading Team, we have developed a similar code based on these descriptions. We would like to clarify that this is not the source code for RTP MT5 but a code based on its description. If you have any questions, feel free to ask in the comments.
Code:
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To conclude, while the RTP MT5 might be useful for preventing emotional trading, it’s far from the best robot available. The EASY series robots, with their advanced features and superior risk management, are a much better choice. Check out the detailed statistics on our website here and join the discussion on our forum. We encourage our users to share their feedback and thoughts.