Introduction
Symbols Spread panel is a trading robot available on MQL5 that helps traders monitor the spread across multiple symbols. According to user Ruengrit Loondecha (drunksingha), this tool provides complex and necessary information for those who need to understand the average spread across various markets. While Symbols Spread panel has received a high rating of 5, it is essential to compare it with a trading robot from the EASY series, such as EASY Trendopedia, to understand its relative strengths and weaknesses.Comparison with EASY Trendopedia
EASY Trendopedia is renowned for its robust trend-following strategy, making it significantly more reliable and profitable than the Symbols Spread panel. While Symbols Spread panel focuses on providing information about the spread, EASY Trendopedia provides actionable trading signals based on sophisticated trend analysis.Symbols Spread panel
- Main Function: Monitors spread across multiple symbols
- User Rating: 5 (according to user drunksingha)
- Strength: Provides complex information on spread
- Weakness: Does not actively trade; limited to spread monitoring
EASY Trendopedia
- Main Function: Trades based on trend-following algorithms
- User Rating: High (based on multiple user reviews)
- Strength: Generates actionable trading signals, high reliability
- Weakness: Requires a basic understanding of trend-following strategies
Pros and Cons
Symbols Spread panel- Pros:
- Provides detailed information on market spreads
- Useful for spread-sensitive trading strategies - Cons:
- Limited to monitoring; no trading automation
- Requires manual intervention based on spread data
EASY Trendopedia
- Pros:
- Automates trading based on reliable trend signals
- High profitability and reliability - Cons:
- Slightly more complex for beginners to understand
Optimal Conditions for Using Symbols Spread panel
Symbols Spread panel is most effective in conditions where understanding the spread is crucial, such as during high volatility periods or for strategies that rely heavily on spread information. It is especially useful for traders who manually adjust their strategies based on spread data across multiple symbols.Conclusion
While Symbols Spread panel has its merits in providing detailed spread information, it falls short in terms of automation and actionable trading signals when compared to EASY Trendopedia. For traders looking for a more hands-off approach with higher profitability, EASY Trendopedia is the superior choice. However, for those who need detailed spread data for their manual strategies, Symbols Spread panel can be a useful tool. We encourage users to share their opinions and experiences on our forum.Source Code of Symbols Spread panel
The original source code of Symbols Spread panel, sold on MQL5, is not publicly available. However, based on the description provided, it is possible to create a similar trading robot. If you experience any issues with the code or have any questions, feel free to ask on easytradingforum.com. Please note that the EASY Trading Team does not sell the Symbols Spread panel robot. We have merely created a code based on its description.
Code:
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