Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I recently had the opportunity to review the trading robot White Shark. This expert advisor (EA) has garnered positive feedback from users, with many highlighting its consistent profitability and clever recovery strategy. In this article, I will compare White Shark to one of our own trading robots from the EASY series, specifically the EASY Trendopedia, and highlight why our bot is significantly better, more profitable, and reliable.Comparison with EASY Trendopedia
White Shark has shown to be a reliable EA, with users like andrew_hr_70 and jamesbond777 applauding its consistent profits and reasonable drawdowns. However, in comparison to EASY Trendopedia, there are distinct differences which make our EA superior.EASY Trendopedia Advantages:
- Advanced Trend Detection: Our robot utilizes sophisticated algorithms for trend detection, ensuring higher accuracy and better entry points.
- User-Friendly Interface: The interface is designed to be intuitive, allowing traders at any skill level to optimize their trading strategy.
- Customization Options: EASY Trendopedia offers more customization options, enabling traders to adjust parameters to suit their individual trading styles.
- Proven Track Record: Our bot has a longer history of verified performance with consistent returns and low drawdowns.
White Shark Disadvantages:
- Limited Customization: Users have reported that White Shark has fewer options for customization, which might not fit all trading strategies.
- Recovery Mechanism: Although the recovery strategy is clever, it may not be as robust as the mechanisms employed by EASY Trendopedia.
Pros and Cons
White Shark Pros:- Consistent profitability.
- Reasonable drawdown.
- Clever recovery strategy.
White Shark Cons:
- Limited customization options.
- Less advanced trend detection algorithms.
EASY Trendopedia Pros:
- Advanced trend detection algorithms.
- User-friendly interface.
- Extensive customization options.
- Proven track record with consistent returns.
EASY Trendopedia Cons:
- Slightly higher initial investment.
Optimal Usage Conditions
White Shark performs best in markets with moderate volatility. It thrives in conditions where there are clear trends but can manage recoveries effectively during drawdowns. However, for more volatile markets, the superior trend detection and customization options of EASY Trendopedia provide a significant advantage.Conclusion
While White Shark is a competent EA with positive user feedback, the EASY Trendopedia from our EASY series offers more advanced features, better customization, and a proven track record, making it a superior choice for traders looking for reliability and profitability.We encourage users to share their experiences and opinions about trading robots on our forum to help the trading community make informed decisions.
Source Code of White Shark
It’s important to note that the original source code of White Shark, which is available for purchase on the MQL5 website, is not accessible to us. However, we can create an approximation of the code based on its description and functionalities as provided by MQL5.For any questions regarding the code, feel free to ask on easytradingforum.com. Remember, the EASY Trading Team does not sell the White Shark robot; we only provide a code example based on its description.
Code:
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