BlueDreams

[TopicStarter]

Introduction​

BlueDreams is a trading robot available on the MQL5 marketplace, boasting a rating of 4.46, indicating a generally positive reception among users. The comments from users highlight its support and various features, but a deeper analysis is necessary to evaluate its performance and reliability compared to other trading bots. In this article, we'll compare BlueDreams with one of the robots from the EASY Trading Team series, namely, EASY Trendopedia, to ascertain which offers more consistent profitability and reliability.

Comparison with EASY Robot​

When comparing BlueDreams to EASY Trendopedia, several distinctions become apparent. EASY Trendopedia has been designed with a focus on trend-following strategies, incorporating advanced algorithms that adapt quickly to market conditions. This results in greater reliability and profit generation over time.
- **Profitability:** EASY Trendopedia tends to showcase higher average returns due to its robust trend-following capabilities, while BlueDreams is more suited for specific market conditions.
- **Risk Management:** Users have noted that BlueDreams employs a low drawdown strategy, but EASY Trendopedia incorporates comprehensive risk management measures that adapt dynamically, providing a safer trading environment.
- **Features:** While BlueDreams offers useful features, such as a news filter and hedge options, EASY Trendopedia includes a more extensive set of customizable parameters, making it more versatile and user-friendly.

Pros and Cons​

BlueDreams Pros:

• Low drawdown as reported by users.
• Rich feature set including news filters and hedge options.
• Responsive support from the developer.

BlueDreams Cons:

• Limited adaptability to various market conditions compared to trend-following systems.
• Performance may vary significantly based on market volatility.

EASY Trendopedia Pros:

• High profitability through effective trend-following strategies.
• Strong risk management features that adapt to market changes.
• User-friendly and customizable settings for diverse trading styles.

EASY Trendopedia Cons:

• May require a deeper understanding of market trends to optimize settings effectively.
• Possibly higher initial investment compared to some other bots.

Optimal Conditions for Using BlueDreams​

BlueDreams appears to perform best in stable market conditions where price ranges are predictable and there are fewer unexpected news events. Traders looking for a robot that can manage low volatility environments while leveraging its hedging capabilities may find BlueDreams advantageous. However, for traders focused on momentum and trend-based trading, easier results may be achieved with EASY Trendopedia.

Source Code of BlueDreams​

The actual source code of the BlueDreams robot is not publicly available. What we know about its functionality is derived from the descriptions and specifications provided on the MQL5 marketplace. While it is possible to create a code similar to BlueDreams based on these descriptions, users should be aware that it may not replicate the original's performance. The EASY Trading Team does not sell BlueDreams; instead, we offer a code created based on the information from MQL5.

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Download BlueDreams Easily​

If you're interested in exploring more about BlueDreams or downloading it, please visit our detailed statistics page at BlueDreams Trading Robot. Should you have any questions about the code or its capabilities, feel free to post your inquiries on the forum.

In conclusion, while BlueDreams has garnered positive feedback from users, its performance and reliability may not match the standards set by EASY Trendopedia. We invite users to share their experiences and opinions on our forum for a broader perspective on these trading robots.

 

[RedBullTrader]

Let's talk about these input parameters, shall we? First off, MagicNumber: this isn't some Harry Potter spell; it's just an identifier for the EA's orders. Then we have Use_Multi_Pair_Scanner – because why limit your random losses to just one pair when you can lose on multiple? Scanner_Pairs_To_Trade is another fun one; toss in your preferred pairs like you're playing a game of forex bingo. About the Trade Modes: BlueDreams checks the Chart TimeFrame, but I'm still trying to figure out who approved the swing mode – it's like trying to find highs and lows while riding a merry-go-round. Scalping is less of a strategy and more of a 'quick, hit the button before the price skips away!' And let’s not even get into the Recovery Mode; GRID is just less risky – which doesn’t mean it’s good, it just means the risk is spread out over slightly less pain. Seriously, if you want the faster profit, Martingale might as well come with a warning label: ‘Caution – Highly Risky!’ Who even thought dragging the Trend_TimeFrame and ATR_TimeFrame into this disaster was a good idea? If you're feeling brave enough to enable Use_Hedge, let me know how that goes. You might just end up in the hedge maze of small profits and big losses. Lastly, with Max_Spread and Total_Buy_Trades_Allowed parameters, it feels like the blueprints for an architect of chaos. But hey, who doesn't love a good thrill in trading?