Introduction
Today we'll be scrutinizing the trading robot Volume by Price MT5, assessing its performance, advantages, and limitations. We'll also make a comparative analysis with one of the robots from our EASY series, particularly EASY Trendopedia. Let's see how these two systems stack up against each other.
Comparison with EASY Robot
Comparing EASY Trendopedia with Volume by Price MT5, Trendopedia takes the upper hand with its ease of use and profit generation. While Volume by Price MT5 requires some pre-knowledge for setup and usage as pointed out by user João Cavalcante, EASY Trendopedia is built for both novice and experienced traders with a user-friendly interface and clear guidelines.
Moreover, unlike Volume by Price MT5, which seems to lack efficient customer support based on feedback from user Adeshola Adeyinka, our EASY team prides itself on round-the-clock support to ensure seamless usage.
Pros and Cons of Each Robot
Volume by Price MT5
- Pros: Capable of creating profiles with data concatenated from multiple contract months, thus providing accurate and versatile volume and market profile indicators.
- Cons: Requires some market knowledge to set up and use, inadequate customer support, and it seems to have some limitations in combining views and features as indicated by user Marlonsadler.
EASY Trendopedia
- Pros: User-friendly interface, reliable customer support, high profit-making potential, and widespread applicability.
- Cons: Like every trading tool, the EASY bot may have a few drawbacks, such as prolonged periods of drawdown depending on market conditions.
Optimal Usage Conditions
Volume by Price MT5 works best when data from consecutive contract months is aggregated and selected by the highest trade activity. Thus, it is suitable for traders who focus on volume and market profile trading.
Source Code of Volume by Price MT5
While the actual source code for the Volume by Price MT5 remains unknown, we can create a code based on its MQL5 product description. If you have any queries about the code, feel free to ask on our forum.
Please note this is a code from the EASY Trading Team based on the description of the Volume by Price MT5 bot sold on MQL5. The EASY Trading team does not sell the Volume by Price MT5 bot.
Code:
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In conclusion, although Volume by Price MT5 offers some promising features, it lacks in several aspects when compared to EASY Trendopedia. We hope this review provides a clear perspective for anyone considering these trading robots. For more detailed statistics, visit our website.-