Introduction
Universal Box is a Forex trading robot designed to plot price ranges on the chart, which can later be used to trade on a price range breakout. The robot marks Asian, European, and American trading session ranges, plotting them as rectangles. The boundaries of these rectangles are the beginning and end times of the trading session, as well as the levels of maximum and minimum prices for that period. The indicator settings are straightforward, making it accessible for traders of all levels. With a rating of 5.0 and positive user feedback like Gracias from pablo88888, Universal Box seems promising at first glance.Comparison with EASY Breakopedia
When compared to EASY Breakopedia, Universal Box falls short in several key areas. EASY Breakopedia is known for its advanced AI-driven strategies and rigorous backtesting, offering features like dynamic risk management and real-time data analysis. Universal Box, on the other hand, is more of a visual aid that simplifies the identification of breakout opportunities.Advantages of EASY Breakopedia:
- Advanced AI-driven strategies
- Dynamic risk management
- Real-time data analysis
- Rigorous backtesting
- Higher profitability
Advantages of Universal Box:
- Simple and easy to use
- Free to use
- Customizable session times and box colors
Pros and Cons
Universal Box Pros:- User-friendly interface
- Customizable settings
- Free of charge
Universal Box Cons:
- Limited functionality compared to advanced robots
- No dynamic risk management
- Lacks real-time data analysis
EASY Breakopedia Pros:
- Advanced AI algorithms
- Dynamic risk management
- Real-time data analysis
- Proven profitability
EASY Breakopedia Cons:
- Higher cost
- Requires more computational resources
Optimal Usage Conditions
Universal Box works best in situations where traders are looking for a straightforward method to identify breakout opportunities during different trading sessions. It is ideal for beginners who prefer manual trading over automated systems. However, for those seeking higher profitability and advanced features, EASY Breakopedia is the better choice.Source Code of Universal Box
We do not have access to the original source code of the Universal Box robot sold on MQL5. However, we have created a sample code based on its description available on the MQL5 website. This code serves as an example and can be found on our website. If you have any questions about the code, feel free to ask on our forum.
Code:
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