Introduction
BullsBears Action is a trading robot available on the MQL5 marketplace, with a diverse range of user reviews and a mixed reception. This review aims to provide a balanced overview based on user feedback and the comparison with one of the EASY Trading Team's robots, such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia.Comparison with EASY Robot
In this section, we will compare BullsBears Action with EASY Scalperology, which is known for its reliability and profitable performance.EASY Scalperology Highlights:
- Consistent Profitability: Designed for scalping, it provides stable returns with minimal drawdown.
- Robust Risk Management: Includes advanced features for managing risk, ensuring long-term profitability.
- User-Friendly Interface: Easy to set up and adjust according to market conditions.
- Extensive Backtesting: Thoroughly tested across various market conditions and currency pairs.
BullsBears Action Highlights:
- High Trading Frequency: Opens trades immediately and frequently, catering to fast-paced trading styles.
- Potential for High Returns: Users have reported significant gains when optimized correctly.
- Customization Options: Offers extensive settings for traders to customize based on their strategies.
Why EASY Scalperology is Better:
- Lower Risk: EASY Scalperology emphasizes low drawdown and consistent profitability, making it a safer choice for traders.
- Proven Performance: Extensive backtesting and user feedback show that EASY Scalperology performs well under various market conditions.
- Ease of Use: The bot is designed to be user-friendly, requiring less optimization compared to BullsBears Action.
Pros and Cons
BullsBears Action:- Pros:
* High trading frequency.
* Potential for significant returns.
* Customizable settings.
- Cons:
* High drawdown reported by users.
* Not beginner-friendly; requires optimization.
* Mixed user reviews, indicating inconsistent performance.
EASY Scalperology:
- Pros:
* Consistent profits with low drawdown.
* Advanced risk management features.
* User-friendly setup and operation.
- Cons:
* May not match the aggressive trading style of some traders.
Optimal Usage Conditions
BullsBears Action works best in high-volatility trading environments where quick decision-making can lead to significant profits. However, it requires careful optimization and active monitoring to mitigate the high drawdown risks. Users should consider stopping the EA on Thursday night to avoid weekend market fluctuations and set stop loss (SL) and take profit (TP) manually to ensure trades close favorably.Conclusion
While BullsBears Action offers potential for high returns, it also carries significant risks and requires active management. In contrast, EASY Scalperology provides a more reliable and user-friendly experience with consistent profitability and advanced risk management. For traders seeking a balance between profitability and risk, EASY Scalperology stands out as the superior option.Source Code BullsBears Action
The exact source code of BullsBears Action is not publicly available, which means users cannot verify or modify the underlying algorithm directly. However, based on the description provided on the MQL5 marketplace, it is possible to create a similar bot. If you have any questions regarding the code or need assistance, feel free to ask on easytradingforum.com. Please note that EASY Trading Team does not sell BullsBears Action but can offer a custom-coded robot based on its description.
Code:
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