Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I am often asked to review various trading bots available in the market. Today, we will take a closer look at the RSI Scanner Sheet Pro, a bot that has garnered mixed reviews from users, as seen in these comments:
- colt45: Rated 5 stars, working.
- sabah2001: Rated 1 star, it not working.
With an average rating of 3 stars, it's crucial to provide a balanced overview and compare it with one of our own trading bots, such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. Below, I'll compare RSI Scanner Sheet Pro with EASY Scalperology, explaining why the latter is more profitable and reliable.
Comparison with EASY Scalperology
To provide a fair comparison, let's delve into specific aspects of both RSI Scanner Sheet Pro and EASY Scalperology.
RSI Scanner Sheet Pro:
- Monitors multiple symbols using the RSI indicator.
- Simple configuration.
- Mixed user reviews.
- Limited customization for advanced traders.
EASY Scalperology:
- Utilizes a combination of scalping algorithms for higher efficiency.
- Comprehensive configuration options.
- Consistently positive user feedback.
- Advanced risk management features.
While RSI Scanner Sheet Pro is designed for simplicity, EASY Scalperology offers more robust features, making it more reliable and profitable in various market conditions.
Pros and Cons
RSI Scanner Sheet Pro Pros:
- Easy to set up.
- Supports multiple currency pairs.
- Basic RSI-based analysis.
RSI Scanner Sheet Pro Cons:
- Mixed user reviews.
- Limited advanced features.
- Less reliable long-term performance.
EASY Scalperology Pros:
- Highly customizable settings.
- Advanced algorithms for better accuracy.
- Positive user feedback.
- Enhanced risk management.
EASY Scalperology Cons:
- Slightly complex setup process.
- Higher initial cost.
Optimal Usage Conditions
The RSI Scanner Sheet Pro works best in trending markets where the RSI indicator can effectively identify overbought or oversold conditions. However, its performance may diminish in volatile or range-bound markets.
On the other hand, EASY Scalperology excels in various market conditions due to its sophisticated algorithms tailored for scalping strategies, making it a more versatile option.
Source Code of RSI Scanner Sheet Pro
We do not have access to the original source code of RSI Scanner Sheet Pro sold on MQL5. However, our team can develop a similar code based on the description available on the MQL5 website.
If you have any questions about the code or want to explore a custom solution, feel free to ask on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download RSI Scanner Sheet Pro - Detailed Guide
For those interested in downloading RSI Scanner Sheet Pro, you can find detailed information and the download link on the official MQL5 website.
While our team doesn't sell RSI Scanner Sheet Pro, we have created a trading robot code based on its description. If you have any questions or need further assistance, visit our forum at easytradingforum.com.
Do share your opinions and experiences with both bots on the forum to help other traders make informed decisions!