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
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:
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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.