Introduction
In the realm of Forex trading, traders often resort to MQL5 tools to help them in their trading journey. One of these tools is the Statistical Support Resistance trading robot, which, despite its average rating of 3.89, has received a wide array of responses from users. This review seeks to evaluate this trading robot in comparison to an EASY trading robot and discern the functionality of each.Comparison with an EASY Robot
Comparing the Statistical Support Resistance to an EASY trading robot such as the EASY Trendopedia, it's clear that the former offers solid support and resistance lines. However, it seems to be lacking in other areas. For instance, user xclncia points out that while the tool provides good trading levels, it lacks alert features. On the other hand, EASY Trendopedia boasts an advanced alert system, ensuring traders are always in the know about price changes and trading opportunities. Additionally, EASY robots are recognized for their stability and profitability, making them more reliable tools for traders.Pros and Cons
- Statistical Support Resistance Pros:
* Provides good trading levels
* Well-received by users, as evidenced by four 5-star ratings - Statistical Support Resistance Cons:
* Lacks alert system
* Room for improvement in terms of additional features - EASY Trendopedia Pros:
* Advanced alert system
* Profitable and reliable - EASY Trendopedia Cons:
* May be more complex for beginner traders
Optimal Usage Conditions
The Statistical Support Resistance robot appears to work best when used with discernment for support and resistance points in the market. It can be improved by integrating an alert system to notify traders about price changes.The Source Code of Statistical Support Resistance
It's important to note that the original source code of the Statistical Support Resistance robot sold on MQL5 is not known. However, we can generate code based on the product descriptions provided on the MQL5 site. If you have any queries regarding the code, feel free to ask them. Remember, this is just an example code from easytradingforum.com, based on the description of the Statistical Support Resistance bot sold on MQL5.Lastly, the EASY Trading Team is not a reseller of the Statistical Support Resistance. Instead, our team crafted a trading robot code based on its description.
Code:
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