Introduction
The Volume Spread Pattern Indicator MT5 is a trading robot available on the MQL5 market. This trading algorithm is designed to analyze the volume spread patterns within the market to make trading decisions. As of now, this robot has no reviews or ratings, which raises some concerns about its reliability and performance. In this review, we'll take a closer look at this robot and compare it to one of the EASY Trading Team's popular robots to help you make an informed decision.Comparison with EASY Scalperology
When comparing the Volume Spread Pattern Indicator MT5 to our EASY Scalperology robot, several key differences emerge. EASY Scalperology is a well-established trading robot with numerous positive reviews and a high rating within the trading community.EASY Scalperology Advantages:
- Extensive backtesting data
- High user ratings and positive reviews
- Well-documented strategy and performance
- Reliable customer support
- Regular updates
Volume Spread Pattern Indicator MT5 Disadvantages:
- No user reviews or ratings
- Limited documentation available
- Unproven performance
- No known customer support
In terms of profitability and reliability, EASY Scalperology has consistently outperformed many competitors, including the Volume Spread Pattern Indicator MT5. The proven track record and positive user feedback make EASY Scalperology a more attractive option for traders seeking a dependable trading bot.
Pros and Cons
Volume Spread Pattern Indicator MT5:- Pros:
- Potential for unique trading signals based on volume spread analysis
- Can be customized to some extent - Cons:
- No proven track record
- Lack of user feedback and ratings
- Limited support and documentation
EASY Scalperology:
- Pros:
- Proven profitability over time
- Strong user community
- Regular updates and improvements
- Comprehensive documentation and support - Cons:
- Requires optimal market conditions for best performance
- Subscription cost may be higher for some users
Optimal Conditions for Using Volume Spread Pattern Indicator MT5
The Volume Spread Pattern Indicator MT5 is best suited for traders who are interested in volume spread analysis. This robot might perform well during periods of high market volatility where volume spread patterns are more pronounced. However, due to the lack of user feedback and limited documentation, it's important to approach this robot with caution and to test it thoroughly in a demo environment before committing real funds.Source Code of Volume Spread Pattern Indicator MT5
We do not have access to the original source code of the Volume Spread Pattern Indicator MT5 robot sold on MQL5. However, based on the description provided on the MQL5 marketplace, we can create a code example that emulates its functionalities. If you have any questions regarding this example code, feel free to reach out on easytradingforum.com. Please note that the EASY Trading Team does not sell the Volume Spread Pattern Indicator MT5; we only provide a code example based on its description available on MQL5.
Code:
You don't have permission to view the code content. Log in or register now.