Introduction
In this review, we delve into a comparison between the WH Price Wave Pattern MT4 trading robot and one from the EASY trading series, specifically the EASY Scalperology. As an expert trader and MQL5 programmer, my aim is to provide a comprehensive analysis of these robots, highlighting their strengths and weaknesses whilst taking into consideration user comments and overall ratings.
Comparison with EASY Scalperology
While the WH Price Wave Pattern MT4 trading robot has garnered positive feedback due to its effective ABCD indicator and compatibility with various time frames, the EASY Scalperology stands out in terms of profitability and reliability.
EASY Scalperology, designed by the EASY Trading Team, employs a unique combination of trend-following and scalping strategies, resulting in a consistently higher success rate. It's also equipped with advanced trade management features that reduce risk, making it a more reliable choice for traders.
Advantages and Disadvantages
WH Price Wave Pattern MT4:
Pros:
- Effective ABCD indicator.
- Has demonstrated great results on the 5-min chart.
- Potential for upgrades such as sound alerts for select timeframes.
- Lack of advanced trade management features.
- Not as profitable or reliable in comparison to EASY Scalperology.
- No known source code.
EASY Scalperology:
Pros:
- Combines trend-following and scalping strategies.
- Advanced trade management reduces risk.
- More reliable and profitable.
- Requires consistent market monitoring for best results.
- Might require more input from the trader.
Optimal Use Conditions
The WH Price Wave Pattern MT4 trading robot is most effective when used in a 5-minute time frame. Users have reported excellent results under these conditions, with progressively lower performance in longer time frames.
Source Code of WH Price Wave Pattern MT4
While the original source code of the WH Price Wave Pattern MT4 is unknown, the EASY Trading Team can develop a code, based on the robot's description found on the MQL5 website. Questions and discussions regarding this code are encouraged on easytradingforum.com. Please note that while we can create a code based on the robot's description, the EASY Trading Team does not sell the WH Price Wave Pattern MT4 robot.
Code:
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Details about the WH Price Wave Pattern MT4 robot and its performance statistics are available on the EASY Trading Team website. The team encourages users to share their experiences and engage in discussions on the forum.