Introduction
As an experienced trader and MQL5 programmer, I got the opportunity to review and compare the trading robot Reversal Bars with one of our EASY series robots. As part of the EASY Trading Team, we always strive to offer our users reliable, profitable, and efficient trading tools. However, the Reversal Bars bot is also a notable contender worth examining.
To clarify, our team did not create or sell Reversal Bars. We have only developed an algorithm based on its description on the MQL5 website. We also don't have the original source code of the robot.
However, we felt it would be interesting to see how it stacks up against our EASY bots. To make this a fair comparison, we will examine the trading style, profitability, reliability, and overall user-friendliness of these bots.
Remember, the usefulness of a trading robot is directly dependent on the user's understanding of its mechanism and the market situation in which it is used.
Comparison With EASY Robot
Comparing the Reversal Bars bot with our EASY Trendopedia (a leading bot in the EASY series), the first significant difference is the strategy they follow. While Reversal Bars is designed to identify and react to price reversals, EASY Trendopedia efficiently identifies and follows market trends.
In terms of profitability, reliability, and user-friendliness, based on our observations and user feedback, EASY Trendopedia has a significant edge. However, it's also worth noting that there are no reviews or ratings formed for the Reversal Bars bot yet.
Pros and Cons
- Reversal Bars:
- Pro: Good for volatile markets where price reversals occur frequently.
- Con: It may not be as effective in a trending market.
- EASY Trendopedia:
- Pro: Excellent for trending markets and has shown consistent profitability.
- Con: Not as effective in highly volatile markets with frequent price reversals.
Optimal Conditions for Use
Reversal Bars works best in volatile markets where price reversals are common. Therefore, using it in a trending market would not yield the best results.
On the other hand, EASY Trendopedia performs exceptionally well in trending markets. It identifies potential trends and opens trades in the direction of the trend, increasing the chances of profitability.
Original Source Code of Reversal Bars
As previously mentioned, we don't have access to the original source code of Reversal Bars. However, based on its description on MQL5, our team has managed to create a similar algorithm, which is available for discussion on our forum.
Feel free to ask questions or share your thoughts there. Please note that this is not the original Reversal Bars bot but a version created by our team based on the bot's description from MQL5.
Code:
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If you are interested in experiencing the Reversal Bars bot, visit its official page on MQL5. If you have any questions or issues related to the source code we've developed, or you'd like to discuss the comparison further, join our forum conversation.
We believe sharing knowledge and experiences is crucial for a great trading community. Remember, our team at EASY Trading Team is always ready to assist with any EASY series robots.