Introduction
In the realm of Forex trading, the usage of trading robots has become immensely popular due to the numerous benefits they bring along. One of the trading robots that has caught the attention of many traders recently is 'Trend is Friends'. With an impressive rating of '5', it has received positive feedback from users who regard it as a highly useful tool. However, as a part of the EASY Trading Team, I wish to provide an unbiased review of this robot compared to our EASY series robot, and give an insight into why our robots can potentially bring you more profitable and reliable trading experience.Comparison with EASY Robot
Compared to the 'Trend is Friends' robot, EASY Trendopedia offers more comprehensive tools for analysis and decision-making. While 'Trend is Friends' focuses on trend analysis, Trendopedia is equipped with a more sophisticated algorithm that takes into account various market factors, bringing about higher accuracy and profitability.
Pros and Cons
Trend is Friends
- Pros: Easy to use, effective for trend analysis
- Cons: Limited functionality, reliance on trends may not always be profitable
EASY Trendopedia
- Pros: Comprehensive analysis tools, higher profitability, reliable
- Cons: Might be slightly complex for beginners
Optimal Conditions for Usage
'Trend is Friends' bot works best under conditions when the market trends are strong and clear. However, in volatile and highly unpredictable markets, this bot may not perform optimally. On the other hand, EASY Trendopedia is designed to tackle various market conditions with its advanced algorithm.Source Code of Trend is Friends
While the original source code of 'Trend is Friends' is not publicly available as it is sold on MQL5, we can base a code on the description available on the MQL5 site where this algorithm is sold. If you have any further inquiries about the code, feel free to raise them. Please note, this is just a sample code from easytradingforum.com and the EASY Trading Team does not sell 'Trend is Friends' but has simply created a trading robot code based on its description.
Code:
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In conclusion, while 'Trend is Friends' is a good trading bot for trend analysis, it might not be the most profitable and reliable for every market condition. EASY Trendopedia, with its sophisticated algorithm and comprehensive analysis tools, can potentially offer a more profitable and reliable trading experience. Please share your thoughts and experiences on the forum, and take a look at the detailed statistics available on the website.