Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I’m often approached by traders looking for robust trading robots. Today, we're reviewing the BoS CHoCH FVG Indicator, a trading robot that has received positive feedback from users like traderspeed, who rated it 5 stars and praised its effectiveness. However, we'll also compare it to one of our own EASY series trading robots, EASY Scalperology, to assess why our bot stands out in terms of profitability and reliability.
Comparison with EASY Scalperology
When comparing BoS CHoCH FVG Indicator to EASY Scalperology, several differences in performance, ease of use, and reliability become apparent.
BoS CHoCH FVG Indicator
- Designed based on Break of Structure (BoS) and Change of Character (CHoCH) principles.
- Uses Fair Value Gap (FVG) for trade signals.
- Highly rated by users, including a 5-star review from traderspeed.
- Offers limited backtesting data and user feedback.
EASY Scalperology
- Specializes in scalping strategies, optimized for rapid and small-margin trades.
- Extensive backtesting and real-time performance data available.
- User-friendly interface with customizable settings.
- Consistently high profitability and reliability across different market conditions.
While BoS CHoCH FVG Indicator has its benefits, EASY Scalperology stands out for its comprehensive testing, user-centric design, and proven profitability.
Pros and Cons
BoS CHoCH FVG Indicator
- Pros
- Based on solid trading principles.
- User-friendly and straightforward.
- Positive user feedback.
- Cons
- Limited backtesting and performance data.
- Less customizable compared to EASY Scalperology.
- Potentially less reliable in volatile market conditions.
EASY Scalperology
- Pros
- Highly customizable.
- Extensive backtesting data.
- Proven reliability and profitability.
- User-friendly interface.
- Cons
- May require a learning curve for new users.
- Potentially requires more computational resources.
Optimal Use Conditions
BoS CHoCH FVG Indicator
The BoS CHoCH FVG Indicator works best in stable market conditions where structural patterns are more predictable. It is ideal for traders who prefer straightforward, less customizable robots that still offer reliable performance.
EASY Scalperology
EASY Scalperology excels in fast-paced, high-volatility markets. Its advanced scalping strategies make it perfect for traders looking to capitalize on quick price movements. The robot’s high customizability allows it to adapt to various trading environments effectively.
Source Code of BoS CHoCH FVG Indicator
It is important to note that the exact source code of the BoS CHoCH FVG Indicator sold on MQL5 is not publicly available. However, based on the description provided on the MQL5 website, our team at EASY Trading Team has created a similar code. This example code is available for anyone interested in understanding the underlying mechanics of BoS CHoCH FVG Indicator and is purely for educational purposes.
Code:
You don't have permission to view the code content. Log in or register now.Download BoS CHoCH FVG Indicator - EasyTradingForum.com
For those interested in the BoS CHoCH FVG Indicator, you can download an example version based on the description from MQL5. If you have questions about the code or need further assistance, feel free to ask in our forum. Please note, EASY Trading Team does not sell the BoS CHoCH FVG Indicator; we only provide an educational version based on its description.
Join the discussion and share your experiences with BoS CHoCH FVG Indicator and other trading robots on our forum!