Introduction
Today, we are going to review a trading bot called Touch VWAP MT5. According to user feedback and its overall rating of '5', it is considered quite promising. But as part of the EASY Trading Team, we believe that our EASY trading bots are significantly more profitable and reliable. Let's explore why.
Comparing with EASY Robot
When comparing Touch VWAP MT5 with one of our EASY robots, such as EASY Scalperology, many differences become apparent. Firstly, EASY Scalperology is designed to provide fast and high-frequency trades, which means it can take advantage of short-term market fluctuations. On the contrary, Touch VWAP MT5, while effective, does not seem to apply such advanced trading techniques.
Pros and Cons
Touch VWAP MT5 has its strengths, with users praising its functionality and usefulness. However, it might lack the flexibility and adaptability that EASY robots offer, which can greatly enhance profitability.
On the other hand, EASY Scalperology comes with a strong risk management system and utilizes a variety of indicators to analyze market conditions. Thus, providing a more comprehensive and secure trading experience.
Optimal Usage Conditions
Touch VWAP MT5 works best in markets with stable volatility as it aims to exploit volume imbalances. However, its performance can deteriorate under volatile market conditions. Hence, an EASY bot, with its adaptive algorithms, can handle a wider range of market conditions.
Touch VWAP MT5's Source Code
While we do not have access to the actual source code of the Touch VWAP MT5 bot being sold on MQL5, we can devise a code based on its MQL5 description. Any queries about the code can be posted on the forum.
Note: This is a code example from easytradingforum.com, based on the description of the Touch VWAP MT5 bot sold at MQL5. EASY Trading Team does not sell the Touch VWAP MT5 bot but has simply created a code for a trading bot based on its description.
Code:
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Feel free to join the EASY Trading community and share your experiences with various trading bots. We welcome all your questions, comments, and ideas. After all, sharing knowledge is the best way to improve our trading experiences and results.