Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I have had the opportunity to evaluate a variety of trading robots and indicators. One such recent addition is the Trading box Rectangle extender. While it has received positive reviews from users, it is crucial to compare it with established robots from the EASY series to determine its true effectiveness.
Comparison with EASY Robot
For this comparison, we will consider the EASY Trendopedia, one of the most popular and reliable robots from the EASY series.
Trading box Rectangle extender:
- Primary Function: Extends rectangles and trend lines while providing alerts.
- User Feedback: Highly positive, emphasizing versatility and strong support.
- Rating: 5 stars on MQL5.
EASY Trendopedia:
- Primary Function: Advanced trend-following strategy that automatically adjusts to market conditions.
- User Feedback: Consistently praised for profitability and reliability.
- Rating: High user satisfaction on our internal metrics.
While the Trading box Rectangle extender focuses on technical analysis tools like extending rectangles and trend lines, EASY Trendopedia provides a comprehensive trend-following strategy. This fundamental difference highlights a key reason why EASY Trendopedia is considered more profitable and reliable for traders seeking an automated solution.
Pros and Cons
Trading box Rectangle extender:
- Pros:
- Versatile tool for technical analysis.
- Provides real-time alerts for user-defined levels.
- Highly responsive developer support. - Cons:
- Primarily a manual tool, requiring user intervention.
- Limited automation capabilities.
EASY Trendopedia:
- Pros:
- Fully automated trading strategy.
- Adapts to market trends dynamically.
- Suitable for various market conditions. - Cons:
- Higher initial learning curve.
- Requires risk management configurations.
Optimal Usage Conditions
The Trading box Rectangle extender works best in manual trading environments where traders rely heavily on technical analysis. Traders can benefit from its robust alert system and trendline functionalities to make informed decisions.
On the other hand, EASY Trendopedia excels in environments where automated trading is preferred. Its dynamic adjustment to market trends allows it to perform efficiently without constant user intervention.
Original Code of Trading box Rectangle extender
One aspect to consider is that the original source code for the Trading box Rectangle extender is proprietary and not available to the public. However, based on the descriptions and functionalities provided on the MQL5 marketplace, it is possible to create a similar bot. It is essential to understand that the EASY Trading Team does not sell the Trading box Rectangle extender but offers an example code created based on its functionalities.
Code:
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For those interested in exploring the functionalities of the Trading box Rectangle extender, detailed statistics and user feedback are available at forexroboteasy.com. If you have any questions or need assistance with the example code provided by the EASY Trading Team, feel free to join the discussion on easytradingforum.com. Remember, sharing your experiences and feedback helps improve these tools for the entire trading community.