Introduction
WH Advanced Gartley Pattern MT5 is a trading robot designed to identify and trade based on the Gartley harmonic pattern. This pattern is a well-known figure in technical analysis, often used by traders to predict potential market turning points. The robot's simplicity and efficiency are highlighted by its ability to calculate Take Profit (TP) and Stop Loss (SL) levels correctly, as noted by user feedback.Comparison with EASY Trading Robot
When compared to trading robots from the EASY series, such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia, WH Advanced Gartley Pattern MT5 shows some interesting distinctions:EASY Trendopedia:
- Trend-based strategy.
- More complex algorithms with adaptive learning capabilities.
- High reliability in various market conditions.
EASY Scalperology:
- Focuses on quick, short-term trades.
- Enhanced risk management tools.
- Highly profitable in volatile markets.
EASY Breakopedia:
- Breakout strategy.
- Excellent for capturing significant market moves.
- Robust performance during major market events.
Pros and Cons
Pros of WH Advanced Gartley Pattern MT5:- Accurate TP and SL calculations.
- Useful for learning how to trade the Gartley pattern.
- Simple and effective for harmonic pattern trading.
Cons of WH Advanced Gartley Pattern MT5:
- Limited to harmonic pattern trading.
- Customization options are somewhat limited (e.g., color for target2 as mentioned by users).
- Does not reflect extreme points consistently across different setups.
Pros of EASY Series Robots:
- Versatile strategies suitable for various market conditions.
- Sophisticated risk management.
- Higher profitability and reliability.
Cons of EASY Series Robots:
- More complex setup and configuration.
- Higher resource requirements.
Optimal Usage Conditions
WH Advanced Gartley Pattern MT5 works best in situations where harmonic patterns are prevalent and the trader seeks to leverage these patterns for precise entry and exit points. It is particularly useful in markets that exhibit consistent and predictable trends.Conclusion
While WH Advanced Gartley Pattern MT5 offers some advantages in pattern recognition and ease of use, robots from the EASY series provide superior performance, adaptability, and profitability. However, for traders specifically focused on harmonic patterns, WH Advanced Gartley Pattern MT5 remains a useful tool. We encourage users to share their experiences and insights on the forum for further discussion.Source Code WH Advanced Gartley Pattern MT5
Although we do not have access to the original source code for WH Advanced Gartley Pattern MT5 sold on MQL5, the EASY Trading Team has developed a similar code based on its description. If users have questions regarding this code, feel free to ask at easytradingforum.com. Note that the code we provide is merely a representation and not the original.
Code:
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