Introduction
In the realm of trading and finance, bots have established a significant role by automating tasks and providing accurate data analysis. Trading bots such as the Simple Order Block Locator (SOBL) have garnered a significant amount of attention due to their unique features. However, our EASY series bots such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia provide more comprehensive solutions that cater to various trading strategies.
Comparison with an EASY Robot
Comparatively, our EASY series robots are more sophisticated and superior in terms of versatility, profitability, and reliability. For example, when compared with EASY Trendopedia, the SOBL seems to lag behind as it appears to have a redrawing issue as pointed out by user eryuechunshen. EASY Trendopedia, on the other hand, ensures real-time market trend updates without constant redrawing of signals, thus providing a more reliable trading environment.
Pros and Cons
Pros of SOBL:
It's a good indicator for identifying and confirming reversals.
It's particularly useful for scalping strategies.
Cons of SOBL:
It lacks alert systems for notifying changes.
It appears to have constant redrawing of signals, which might affect trading decisions.
Pros of EASY Robots:
They provide real-time market trend updates.
They cater to various trading strategies.
They have built-in alert systems, ensuring users never miss important changes.
Cons of EASY Robots:
Their advanced features may require some learning curve, especially for beginners.
Optimal Use Conditions
The SOBL seems to work best in a scalping strategy setting as per user pipgettr. However, the issue of signal redrawing when the price changes could cause some inconvenience. We recommend using it in stable market conditions where price fluctuations are minimal.
Source Code of Simple Order Block Locator
While we don't have access to the original source code of SOBL that's sold on MQL5, we have created a similar code based on its description found on the MQL5 site. Please note that this code is a creation of easytradingforum.com, and we encourage any queries regarding this. Remember, the EASY Trading Team does not sell the SOBL, but only provides a code based on its description.
Code:
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For more detailed statistics and performance metrics, visit our website. We encourage users to share their thoughts, experiences, and suggestions on our forum to help us improve. Your insights are valuable in making our trading bots more efficient and user-friendly.