Introduction
The trading robot The King Advisor MT4 lacks user reviews and has no formed rating as of yet. This overview will provide a detailed comparison between The King Advisor MT4 and one of the EASY series trading robots: EASY Scalperology. Our objective analysis is based on our expertise as professional traders and MQL5 programmers on the EASY Trading Team.Comparison with EASY Scalperology
Let's compare The King Advisor MT4 with EASY Scalperology to determine which is superior in terms of profitability, reliability, and user experience.The King Advisor MT4:
- No user reviews, making it difficult to gauge real-world performance.
- Lack of detailed performance statistics.
- Unknown algorithm and strategy due to no access to source code.
EASY Scalperology:
- Established track record with numerous user reviews.
- Transparent performance statistics available.
- Well-documented scalping strategy that ensures high-frequency trades with minimal risk exposure.
In comparison, EASY Scalperology stands out due to its proven reliability and user trust. The transparency in strategy and performance metrics makes it a more dependable choice for traders.
Pros and Cons
The King Advisor MT4:- Pros:
- Claim of high profitability.
- Easy to set up on MT4 platform. - Cons:
- No user reviews or ratings.
- Lack of transparency regarding trading strategy.
- Unclear risk management protocols.
EASY Scalperology:
- Pros:
- High user satisfaction and positive reviews.
- Transparent strategy and performance data.
- Robust risk management features. - Cons:
- Requires understanding of scalping techniques.
- Higher initial investment required.
Optimal Usage Conditions
The King Advisor MT4 is designed to work best under specific market conditions, although these are not clearly outlined by its developers. Generally, robots that emphasize profitability may perform well during trending markets. However, without detailed strategy data, it's challenging to pinpoint the exact scenarios where The King Advisor MT4 excels.EASY Scalperology, on the other hand, is optimized for high-frequency trading during periods of market volatility. Its scalping strategy performs best in volatile markets, making it a versatile tool for traders who prefer quick, frequent trades.
Source Code for The King Advisor MT4
We do not have access to the genuine source code of The King Advisor MT4 sold on MQL5. However, we can offer a sample code based on the robot's description available on MQL5. If you have questions about the code, feel free to ask. Remember, this is an example code from easytradingforum.com, created based on the description of The King Advisor MT4. Note that the EASY Trading Team does not sell The King Advisor MT4 but provides a code based on its description.Conclusion
In conclusion, The King Advisor MT4 remains an unproven option due to a lack of reviews and detailed performance data. In contrast, EASY Scalperology proves to be a more profitable, reliable, and transparent trading robot. We encourage users to leave their reviews and share their experiences with The King Advisor MT4 to help others make informed decisions.
Code:
You don't have permission to view the code content. Log in or register now.