Introduction
As a professional trader and programmer in the MQL5 space from the EASY Trading Team, I have had the opportunity to explore various trading robots, including the ScalperGhost Pro. In this review, I'll provide an analysis of the ScalperGhost Pro robot, taking into account user feedback and comparing it to one of our proprietary robots, EASY Trendopedia. The aim is to give you a clear picture of the robot's performance, its pros and cons, and whether it lives up to its claims.Comparison with EASY Trendopedia
When comparing ScalperGhost Pro with EASY Trendopedia, several key differences stand out. EASY Trendopedia is designed with a more robust algorithm that adapts to various market conditions, ensuring consistent performance.ScalperGhost Pro:
- Generally performs better with a REBATE/CASHBACK system.
- Fewer trades per day but seeks bigger lot sizes.
- Mixed user reviews; some users like Mr Ruengrit Loondecha and AugustNg report profits, whereas others like duerrmann and Jonard express disappointment.
- Backtesting suggests promising results, but real-world performance may vary.
EASY Trendopedia:
- Consistent performance across different market conditions.
- More trades per day with better risk management.
- Highly positive user feedback and proven profitability in both backtesting and live trading.
- Advanced algorithms and frequent updates to optimize performance.
Pros and Cons
ScalperGhost Pro Pros:
- Good for REBATE/CASHBACK systems.
- Potentially profitable with larger lot sizes.
- Positive backtesting results.
ScalperGhost Pro Cons:
- Inconsistent performance based on user feedback.
- Limited number of trades per day.
- Discrepancies between backtesting and live trading results.
EASY Trendopedia Pros:
- Consistent and reliable performance.
- Optimal risk management.
- High user satisfaction and proven profitability.
- Adaptable to different market conditions.
EASY Trendopedia Cons:
- May require a higher initial investment.
- Regular monitoring and updates needed to maintain optimal performance.
Optimal Usage Conditions
ScalperGhost Pro seems to perform best when incorporated into a REBATE/CASHBACK system with larger lot sizes. It may be ideal for traders willing to trade across multiple currency pairs and who are comfortable with fewer but larger trades.In contrast, EASY Trendopedia excels in volatile markets and is suitable for traders who prefer frequent trades with optimized risk management.
Source Code of ScalperGhost Pro
One significant limitation with ScalperGhost Pro is the lack of transparency regarding its source code. The original code is proprietary and not available to the public, which can be a drawback for those who prefer to understand or modify their trading algorithms.However, based on the description provided on MQL5, the EASY Trading Team has created a similar bot, which is not ScalperGhost Pro but mirrors its functionalities. This example code is available on easytradingforum.com and offers insights into how such a robot might operate.
Code:
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If you have any questions about the code or are interested in downloading the ScalperGhost Pro, feel free to visit ScalperGhost Pro Download. Please note that the EASY Trading Team does not sell the original ScalperGhost Pro but offers custom-coded alternatives based on its functionalities. We encourage users to share their experiences on forums to help others make informed decisions.By comparing and understanding these trading robots, you can make better choices that align with your trading goals and strategies. Happy trading!