Introduction
In the world of automated forex trading, various trading robots have been developed to help traders maximize their profits. Today, we will review one such robot; the Anchored VWAP with Alert. This robot has received positive feedback from users and has a rating of '5'. However, let's compare it with a trading robot from the EASY Series: EASY Trendopedia to see which one stands out.Comparison with EASY Robot
When compared with the EASY Trendopedia, Anchored VWAP with Alert appears to be a simple, robust, and efficient tool for its specific purpose, but it lacks the comprehensive features and cutting-edge trading strategies incorporated into EASY Trendopedia. EASY Trendopedia is designed to analyze and execute trades based on trends, pivot points, breakouts, and other market movements, while Anchored VWAP with Alert focuses primarily on VWAP analysis.Another key difference between the two is their response to market volatility. EASY Trendopedia has been structured to adapt to changing market conditions, while the performance of Anchored VWAP with Alert is reportedly more effective in stable markets.
Pros and Cons
- Anchored VWAP with Alert:
- Pros: User-friendly, provides clear signals, customizable settings.
- Cons: Lacks standard deviation bands (as per user feedback), performance might be affected by market volatility. - EASY Trendopedia:
- Pros: Advanced features, comprehensive trading strategies, adaptable to market changes.
- Cons: Requires a good understanding of trends and market movements to use effectively.
Optimal Conditions for Use
Anchored VWAP with Alert seems to perform best when used for thorough chart analysis by hand and eye, and in stable market conditions. It is especially useful when you need to reduce clutter on your charts by replacing superfluous lagging indicators.Source Code of Anchored VWAP with Alert
While we do not own the original source code of the Anchored VWAP with Alert robot sold on MQL5, we can generate a code based on the description provided on the MQL5 site. This is not the original code, but a representation provided by easytradingforum.com. If you have any questions regarding the code, feel free to ask.
Code:
You don't have permission to view the code content. Log in or register now.Download Anchored VWAP with Alert: A Tool for Chart Analysis
If you are interested in trying out the Anchored VWAP with Alert, it is available for download. However, remember that the EASY Trading Team does not sell this robot; we only provide a code based on its description.We always encourage traders to share their experiences with various trading robots. Your feedback helps us improve and develop better tools for the trading community. If you have used either of these robots, feel free to share your experiences on our forum. Let's help each other become better traders.