Introduction
In the diverse world of Forex trading, the use of trading robots (or EAs - Expert Advisors) can make a significant difference. The RSI trustfultrading and our EASY series robots present two compelling but different approaches to automated trading. This article provides a review of the RSI trustfultrading robot, compares it to one of our EASY series robots, and outline scenarios where each might be most effective.Comparison with EASY Robot
Comparing the RSI trustfultrading to, for instance, the EASY Trendopedia, we notice several differences. RSI trustfultrading, as commented by user kamilo3d, seems to lack a clear mechanism for determining when the RSI touches the lower price. The use of MA (Moving Average) within RSI for trend determination isn't clear. On the other hand, Trendopedia excels here with its clear use of trends in making trading decisions. Furthermore, the support provided by the RSI trustfultrading author is commendable but doesn't compare to the comprehensive assistance provided by the EASY Trading Team.Pros and Cons
Some advantages of RSI trustfultrading include its simple approach and free availability. Its author is reported to be helpful, according to user MakeSense. However, its effectiveness might be limited without a clear trend determination mechanism, and the need for further development is apparent. EASY Trendopedia, on the other hand, boasts a comprehensive approach to trend determination, resulting in a more consistent performance. However, it might require a more steep learning curve for newer traders.Optimal UseConditions
Given its simple mechanics, RSI trustfultrading might perform best in relatively stable market conditions with less trend-based trade opportunities. On the contrary, EASY Trendopedia is built to perform optimally during market trends.Source Code for RSI trustfultrading
Unfortunately, we don't have the original source code for RSI trustfultrading sold on MQL5. However, we can create a sample code based on the description provided on the MQL5 website. If you have any questions about the code, feel free to ask. Note that this is just a sample from easytradingforum.com, not the actual robot sold on MQL5. The EASY Trading Team does not sell the RSI trustfultrading robot.
Code:
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