Introduction
In the world of algorithmic trading, various quantitative strategies are being used. One of these strategies uses a Volume Weighted Average Price (VWAP) indicator. Today, we are examining a trading robot called VWAP Cloud which operates based on this indicator. This robot, with a user rating of 4.38, has elicited varied responses. Users have shared some concerns and commendations, and as part of the EASY Trading Team, I am here to provide an in-depth review.Comparison with EASY Robot
When compared to our EASY trading robot series, the VWAP Cloud falls short in several areas. Our robot series, including EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, are designed with advanced algorithms that provide better risk management and consistency in returns. For example, the EASY Trendopedia is engineered to identify and ride market trends, ensuring profit regardless of market instability.The VWAP Cloud, on the other hand, is solely dependent on the VWAP indicator, which might not be as versatile or adaptive to market changes.
Pros and Cons
Pros of VWAP Cloud:- Simple to use and understand.
- Useful for identifying intra-day trends.
Cons of VWAP Cloud:
- Limited strategy scope.
- Lack of versatility and adaptability.
- Standard deviation bands don't always appear.
- Changes in standard deviation inputs may cause the VWAP to disappear.
Optimal Usage Conditions
The VWAP Cloud robot works best in a stable market where there are consistent trading volumes. It is most effective for intra-day trading as the VWAP resets daily.Source Code of VWAP Cloud
The source code of the original VWAP Cloud sold on MQL5 is not publicly available. However, at EASY Trading Team, we can develop a similar code based on the description given on the MQL5 website. Feel free to ask any questions about the code on easytradingforum.com. Please note that this is an exemplar code developed by the EASY Trading Team and has no association with the original VWAP Cloud.
Code:
You don't have permission to view the code content. Log in or register now.Download VWAP Cloud and Share Your Experience
We encourage users to download the VWAP Cloud, test it under different market conditions and share their experiences on our forum. Your feedback will provide valuable insights to other traders. You can find more detailed stats about this robot on our website. Remember, we are here to support and learn from each other in the quest for profitable algorithmic trading.To conclude, while the VWAP Cloud may serve for simple strategies, our EASY Trading robots still prove to be more versatile, profitable, and reliable for various market conditions and trading goals.