Introduction
Time Broker Deriv is a trading robot that has gained some attention among the Deriv trading community. Based on a single user comment and a rating of '5', the bot seems to be appreciated for its utility, especially with time management during trading operations. However, as a part of the EASY Trading Team, our evaluation factors in more than user comments. We delve into the functionality, profitability, and reliability and in this case, compare it with our in-house developed bot: EASY Trendopedia.Comparison with EASY Robot
Comparatively, the EASY Trendopedia boasts a more comprehensive and advanced offering than Time Broker Deriv. It tops in terms of profitability due to its sophisticated system that identifies potential market trends and makes calculated trades. This differs significantly from the Time Broker Deriv which is primarily a time management tool. The EASY Trendopedia also excels in reliability as it's backed with extensive research, testing, and updates from a dedicated team of MQL5 programmers.Pros and Cons
Time Broker Deriv- Pro: Useful for time management during trading operations.
- Con: Limited functionality as it focuses mainly on time management rather than trading strategies.
EASY Trendopedia
- Pro: A comprehensive tool with advanced trend-detection capabilities that heighten profitability potential.
- Con: Requires a certain level of market understanding for most effective use.
Optimal Conditions for Use
Time Broker Deriv proves most beneficial when trading operations are heavily time-dependent. It provides assistance with time management, catering to traders who may have other commitments and are unable to monitor the market continuously.Source Code of Time Broker Deriv
The source code of Time Broker Deriv, as sold on MQL5, is not publicly available. However, one can create a code based on its description provided on the MQL5 website, which can be found here. If users have questions regarding this code, our EASY Trading Team forum is open for discussions.It should be underlined that while we can create a code based on the description of Time Broker Deriv, we are not selling the bot. Our team simply provides a trading robot code based on its description as a part of our study and comparisons.
Code:
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