Introduction
The Rsi Pure Divergence robot, available on the MQL5 marketplace, has garnered a mixed reception from the trading community. With an overall rating of 4.25 based on user feedback, traders have expressed varied experiences ranging from high satisfaction to notable concerns. In this review, we will compare Rsi Pure Divergence with one of the EASY Trading Team's robots, EASY Trendopedia, and evaluate why EASY Trendopedia stands out as a more reliable and profitable alternative. We'll discuss the pros and cons of each robot, the optimal conditions for using Rsi Pure Divergence, and provide a brief overview of the source code situation.
Comparison with EASY Trendopedia
Both Rsi Pure Divergence and EASY Trendopedia are designed to assist traders by automating specific trading strategies. However, there are significant differences in their performance and reliability.
Rsi Pure Divergence:
- Pros:
- Some users report successful backtesting results.
- Can be optimized for various currency pairs.
- Allows for customization with different indicators (user-modified to include MFI).
- Cons:
- Issues with not closing profitable positions timely.
- Reports of numerous single loss trades, particularly during nighttime conditions.
- Bugs in trailing stop mechanism leading to unreliability.
- Mixed feedback regarding long-term performance.
EASY Trendopedia:
- Pros:
- Proven and consistent profitability in various market conditions.
- Robust risk management features.
- Easy-to-understand user interface and straightforward setup.
- Well-documented performance statistics.
- Cons:
- Requires initial capital to maximize performance.
Pros and Cons
- Rsi Pure Divergence:
- Pros: Flexibility with indicators, potential for profitable optimization, user-modifiable source code.
- Cons: Reliability issues, trailing stop bugs, inconsistent performance, can be slow to react to market changes. - EASY Trendopedia:
- Pros: High reliability, consistent profits, user-friendly, strong risk management.
- Cons: Requires a reasonable initial deposit for optimal results.
Optimal Conditions for Using Rsi Pure Divergence
Rsi Pure Divergence tends to perform better in less volatile market conditions where the divergence signals are clearer and more reliable. It's crucial to optimize the settings for specific currency pairs and timeframes to enhance performance. Users should regularly monitor the latest updates and community feedback to address any emerging bugs or issues promptly.
Source Code of Rsi Pure Divergence
We do not have access to the original source code of Rsi Pure Divergence as sold on MQL5. However, it is possible to create a similar trading robot based on the descriptions and functionalities advertised. For those interested in developing their own version, visiting the MQL5 website can provide additional insights and specifications.
Code:
You don't have permission to view the code content. Log in or register now.Download Rsi Pure Divergence Trading Robot
If you have any questions about the code or need further assistance, feel free to ask on the forum. The example code provided by easytradingforum.com is derived from the description of the Rsi Pure Divergence robot available on MQL5. Please note that the EASY Trading Team does not sell the Rsi Pure Divergence robot but has created a trading robot based on its description.
For more details and to share your experiences, visit our forum at ForexRobotEasy.com.