Introduction
The Wolf Scalper MT4 is a trading robot designed for scalping on the MetaTrader 4 platform. It has garnered mixed reviews from users, achieving an average rating of 3.21. While some users praise its performance, others express disappointment. In this review, we will compare Wolf Scalper with one of the EASY trading robots, specifically EASY Scalperology, analyze their advantages and disadvantages, and discuss the optimal conditions for using Wolf Scalper MT4.Comparison with EASY Robot
When comparing Wolf Scalper MT4 with EASY Scalperology, it's evident that EASY Scalperology offers a more reliable and profitable trading experience. Here are some key points of comparison:Profitability:
EASY Scalperology has a proven track record of consistent returns, thanks to its advanced algorithms and robust risk management strategies. In contrast, Wolf Scalper's performance varies significantly based on broker compatibility and market conditions.
Reliability:
EASY Scalperology is built on a foundation of extensive backtesting and real-time performance monitoring. Users report that it operates efficiently across various market conditions, whereas Wolf Scalper MT4's effectiveness is heavily influenced by the choice of broker, as highlighted by user Mr. Monty.
User Experience:
The setup and operation of EASY Scalperology are straightforward, making it accessible to a broader range of traders. Wolf Scalper MT4 requires careful broker selection and understanding of server time zones to optimize performance.
Pros and Cons
Wolf Scalper MT4:- Pros:
- Can be profitable with a suitable broker (e.g., those with GTM+3 server time).
- Simple trading logic that some users find appealing.
- Cons:
- Mixed user reviews suggest inconsistency in performance.
- Requires patience and understanding of broker time zones for optimal results.
- Not suitable for all market conditions, leading to significant risks for some users.
EASY Scalperology:
- Pros:
- Consistent profitability and reliability across various market conditions.
- User-friendly interface and setup process.
- Strong risk management features.
- Cons:
- Requires an initial investment which may not be suitable for all traders.
Optimal Conditions for Use
Wolf Scalper MT4 performs best under specific conditions:- Trading with brokers that operate on GTM+3 server time.
- A stable market environment with less high-impact news events.
- Adequate testing on a demo account before deploying on a live account.
User reviews indicate that the robot may yield better results when employed with brokers like Tradersway and Hugosway, where conditions align favorably with the robot's strategy.
Wolf Scalper MT4 Source Code
It is important to note that the actual source code of the original Wolf Scalper MT4 robot sold on MQL5 is not publicly available. However, it is possible to create a code based on the descriptions provided on the MQL5 website. The team at EASY Trading Team does not sell the Wolf Scalper MT4 but has developed a code of a trading robot influenced by its description.
Code:
You don't have permission to view the code content. Log in or register now.