Cap RSI Trader EA

T

TopicStarter

Moderator
Apr 15, 2024
9,298
4
38

Introduction​

We will conduct a review on Cap RSI Trader EA, a trading robot that is based on the RSI indicator for trading decisions. We will compare this bot with one of our EASY series bots, EASY Trendopedia, to see how they perform against each other.

Comparison with EASY Trendopedia​

Our EASY Trendopedia bot has been developed with a focus on accuracy, efficiency and consistency. This bot identifies and exploits trends in the market, giving traders an edge. On the other hand, Cap RSI Trader EA uses the RSI indicator, which some users have reported to be problematic in raising LOTs.

Pros and Cons​

Cap RSI Trader EA

  • Pros:
    - The bot works well in a demo account
    - It uses RSI, a widely accepted indicator
    Cons:
    - It has been reported to struggle in live accounts
    - Users have experienced losses even with small lot sizes
    - The bot reportedly has an error with raising LOT
EASY Trendopedia

  • Pros:
    - It is efficient and accurate
    - It identifies and follows trends for profitable trades
    Cons:
    - It may lag behind during extreme market volatility

Optimal Conditions for Use​

Cap RSI Trader EA seems to show its strength when used in a demo account rather than a live account. Users have reported losses in live accounts even with smaller lot sizes. In comparison, EASY Trendopedia works well in both demo and live accounts, making it a more reliable bot.

Source Code of Cap RSI Trader EA​

We do not have the original source code of Cap RSI Trader EA sold at MQL5, but we can build a code based on its description from the MQL5 website. If you have any questions about this code, feel free to ask. This is an example code from easytradingforum.com, based on the description of Cap RSI Trader EA sold on MQL5.

Please note that the EASY Trading Team does not sell the Cap RSI Trader EA, but has created a trading bot's code based on its description.

Code: 
You don't have permission to view the code content. Log in or register now.

Download Cap RSI Trader EA now!​

For detailed statistics of Cap RSI Trader EA, visit our website through the given link. Remember to share your experiences with the bot on our forum for a more comprehensive review.

In conclusion, while Cap RSI Trader EA has its strengths, our EASY Trendopedia bot has proven to be more efficient, accurate, and consistent, making it a better choice for traders. For any queries or assistance, feel free to reach out to the EASY Trading Team.
 
I'm really impressed with the EA based on RSI. It has a multitude of settings, and it performs remarkably well. As someone new to the trading scene, I'm finding it super helpful in refining my strategies.
 
You must log in or register to reply here.
Top Bottom
Back