Introduction
In this review, we will explore the trading robot Three Stochastics, understand its core functionalities, analyze user feedback, and compare it with one of the EASY Trading Team's robots - EASY Trendopedia. This comprehensive evaluation aims to provide a balanced view of the Three Stochastics robot, highlighting its strengths and potential limitations.
Comparison with EASY Trendopedia
When juxtaposing Three Stochastics with EASY Trendopedia, some notable differences and similarities emerge.
Three Stochastics:
- Primarily designed for scalping using the Stochastic Oscillator.
- Optimal on lower time frames (M5, M15), as highlighted by user Dmitriy Kavtaskin.
- High-frequency signals on M1, but better accuracy on M5/M15.
- Limited functionality on higher time frames (W1, MN), which some users find restrictive (e.g., sachin08).
EASY Trendopedia:
- Utilizes advanced trend-following algorithms.
- More versatile across various time frames, including higher ones (H4, D1, W1).
- Robust backtesting results with detailed monitoring.
- Higher reliability and profitability, as consistently demonstrated by historical performance data.
Pros and Cons
Three Stochastics Pros:
- Effective on M5 and M15 time frames, particularly for GBP/USD pairs.
- Simple integration and user-friendly interface.
- Reasonably priced, making it accessible for beginner traders.
Three Stochastics Cons:
- Limited application on higher time frames.
- Scalping strategy might not suit all trading styles.
- Lack of detailed performance monitoring and robust backtesting.
EASY Trendopedia Pros:
- Comprehensive and versatile performance across multiple time frames.
- Advanced trend-following algorithms ensure higher profitability.
- Detailed performance monitoring with reliable backtesting data.
EASY Trendopedia Cons:
- More complex settings might require a learning curve.
- Higher initial cost, but justified by enhanced performance.
Optimal Usage Conditions
Three Stochastics is best used under the following conditions:
- Lower time frames: M5 and M15 are the most effective for this robot.
- Markets with moderate volatility, where frequent but accurate signals can be advantageous.
- Beginners or those new to binary options, seeking straightforward tools with lower risk exposure.
EASY Trendopedia, on the other hand, excels across varied market conditions and time frames, providing a more comprehensive and reliable trading experience.
Source Code of Three Stochastics
The original source code of the Three Stochastics robot sold on MQL5 is not publicly available. However, it is possible to create a similar algorithm based on its description.
For those interested, the team at easytradingforum.com has designed a sample code inspired by the robot's functionalities. Feel free to reach out on the forum if you have any questions regarding the code.
Code:
You don't have permission to view the code content. Log in or register now.Download Three Stochastics: A Comprehensive Guide
To download and understand the functionalities of Three Stochastics, visit the official page here. This page provides detailed statistics that can help you make an informed decision.
For further discussions or queries, users are encouraged to share their thoughts and experiences on the forum. Your insights can significantly contribute to the community and aid others in making better trading decisions.
In summary, while Three Stochastics is a capable tool for specific trading environments, robots like EASY Trendopedia offer a broader scope of reliability and profitability. Choose based on your trading style and requirements, and contribute to forums to help build a robust trading community.