Introduction
As a professional trader and MQL5 programmer from EASY Trading Team, I have tested and analyzed various trading robots to provide a comprehensive and objective review. Today, we will look at ZGold, a trading robot available on MQL5, and compare it to one of our renowned EASY series robots, EASY Trendopedia. We will also discuss user feedback, highlight the pros and cons, and describe the optimal settings for ZGold.
Comparison with EASY Trendopedia
When comparing ZGold to EASY Trendopedia, there are some notable differences and advantages. EASY Trendopedia is designed with a focus on trend-following strategies, which typically offer more consistent and reliable performance. On the other hand, ZGold appears to be an aggressive strategy that requires constant monitoring and adjustment.
Advantages of EASY Trendopedia:
- Reliable trend-following algorithm.
- Set-and-forget strategy with automated Stop Loss (SL) and Take Profit (TP) levels.
- Extensive backtesting data and positive user reviews.
- Lower risk due to conservative trading settings.
Disadvantages of EASY Trendopedia:
- More suitable for longer time frames and may not capitalize on short-term market volatility.
Advantages of ZGold:
- High profit potential as reported by some users.
- Suitable for aggressive trading styles.
Disadvantages of ZGold:
- No option to set a Stop Loss (SL), increasing risk for users.
- Requires constant monitoring and adjustments.
- Mixed user reviews, highlighting inconsistent performance.
Pros and Cons
ZGold:
Pros:
- Potential for high profits.
- Aggressive trading strategy can capture quick market movements.
Cons:
- No Stop Loss (SL) settings available, leading to higher risk.
- Mixed user reviews with an average rating of 3.75.
- Requires continuous monitoring.
EASY Trendopedia:
Pros:
- Reliable performance with trend-following strategy.
- Automated risk management with SL and TP.
- Positive user feedback and extensive backtesting.
Cons:
- Less effective in volatile, short-term market conditions.
Optimal Usage Conditions
ZGold works best in high volatility markets where quick, aggressive trades can capture significant profit. However, due to the absence of automated risk management settings like Stop Loss (SL), it is essential to use ZGold in a controlled, constantly monitored environment. Small lot sizes are recommended to mitigate risk, and traders should keep a close eye on market conditions.
Original Source Code for ZGold
One critical point to mention is that we do not have access to the original source code of ZGold sold on MQL5. However, based on the descriptions available on the MQL5 website, our team at EASY Trading Team can create a similar code. If you have any questions or need assistance with the code, feel free to ask.
Code:
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If you're interested in high profit potential and are prepared to manage the risks, ZGold is a trading robot worth considering. The EASY Trading Team does not sell ZGold; we only provide a code based on its description. For further details, visit https://forexroboteasy.com/trading-robot/zgold/. Share your experiences and feedback on our forum, and let's improve our trading strategies together!