Introduction
AW Stochastic EA is a trading robot, popular among traders for its ability to adapt to various markets as user baarnyard mentioned in his review. It employs Stochastic Oscillator, a momentum indicator, to make trading decisions. However, even with its high rating of '5', it requires a thorough understanding to maximize its potential, as user sfrissong pointed out.Comparison with EASY Robot
Comparing AW Stochastic EA with one of the EASY trading robots, such as EASY Trendopedia, there are notable differences. EASY Trendopedia focuses on market trends, utilizing various trend indicators, making it easier for traders to grab profitable entries and exits. In contrast, AW Stochastic EA is more geared towards catching corrections or retracements in a trend.Pros and Cons
AW Stochastic EA- Pros: Can identify potential market correction points for entry, easy to adapt to different markets.
- Cons: Requires fine-tuning settings depending on timeframe and market conditions.
EASY Trendopedia
- Pros: Easy to understand trading logic, consistent performance across markets and timeframes.
- Cons: May perform less optimally in highly volatile, non-trending markets.
Optimal Conditions for Use
As per sfrissong review, optimal use of AW Stochastic EA requires specific settings. It performs better looking for corrections on rallies rather than for scalping, with an ideal timeframe of 4h or Daily. The settings would require fine-tuning based on the market and one's risk appetite.Source Code of AW Stochastic EA
We do not have the actual source code of the original AW Stochastic EA sold on MQL5, but a code could be created based on the description provided on the MQL5 website. Keep in mind, this code is an example from easytradingforum.com, and not the actual code of the original bot. If you have any questions regarding this code, feel free to ask on the forum.
Code:
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