Introduction
In the world of automated trading, the robot BaxterStars has garnered attention with its promising backtest results. Designed for traders seeking automation, it has received positive feedback from users like scopeyeo and BowserPT, who have both rated it 5 stars. However, as an experienced trader and MQL5 programmer from the EASY Trading Team, it's important to critically evaluate BaxterStars in comparison to one of our own trading robots, EASY Trendopedia. This review will delve into the strengths and weaknesses of BaxterStars, and why EASY Trendopedia stands as a superior option in terms of profitability and reliability.
Comparison with EASY Trendopedia
When comparing BaxterStars to EASY Trendopedia, several factors stand out:
1. Strategy and Performance:
- BaxterStars: Primarily focuses on backtest results which have shown to be promising. However, real-time performance on live accounts is still under scrutiny, as indicated by user feedback.
- EASY Trendopedia: Uses advanced trend analysis to consistently deliver profitable trades. Time-tested on both demo and real accounts, proving its mettle across various market conditions.
2. Reliability:
- BaxterStars: While backtests are impressive, the transition to live trading may reveal discrepancies. User reviews are cautiously optimistic but highlight the need for further real-world testing.
- EASY Trendopedia: Boasts a robust history of reliable performance. Extensively tested and verified, making it a trusted tool for traders.
3. Profitability:
- BaxterStars: Potentially profitable based on backtest data, but actual profit on live accounts remains to be seen.
- EASY Trendopedia: Demonstrates consistent profitability with a proven track record, offering traders confidence in its earnings potential.
Pros and Cons
BaxterStars:
- Pros: Strong backtest results, good user feedback.
- Cons: Limited real-world testing, potential discrepancies in live trading performance.
EASY Trendopedia:
- Pros: Reliable and consistent performance, extensive real-world testing, high profitability.
- Cons: Requires thorough understanding and proper setup to maximize benefits.
Optimal Conditions for Using BaxterStars
BaxterStars appears to perform best under controlled conditions that mirror its backtested environment. It is ideally suited for traders who have the patience to test on demo accounts before committing significant capital. Traders should ensure their trading environment, including broker spreads and execution speeds, closely match those used during the backtests.
Source Code of BaxterStars
The actual source code of the original BaxterStars robot sold on MQL5 is not disclosed. However, the description provided on the MQL5 marketplace allows experienced programmers to create a similar algorithm. At EASY Trading Team, we can develop a trading robot based on this description, although it would not be a direct replica of the original BaxterStars.
Traders interested in the nuances of BaxterStars' algorithm can refer to the detailed description and specifications available on this website.
Code:
You don't have permission to view the code content. Log in or register now.Download BaxterStars Trading Robot
If you have questions about the code or want to share your experiences with BaxterStars, feel free to engage on our forum at easytradingforum.com. It's important to note that while we can create a trading robot inspired by the description of BaxterStars available at MQL5, we do not sell the BaxterStars robot itself. This example code is provided for educational purposes by the EASY Trading Team.
Download BaxterStars Trading Robot for Reliable Automated Trading