Close In Profit Scalper

[TopicStarter]

Introduction​

As a professional trader and MQL5 programmer from the EASY Trading Team, I often come across a wide variety of trading robots. One such robot that has garnered considerable attention is the Close In Profit Scalper. Based on the feedback from users like Win Thu, ryanchan000, Cristiana Da Gloria Martins Cardoso Garcia, and safariforex, it appears to have a strong reputation. However, how does it compare to one of our own trading robots, such as EASY Trendopedia? Let's delve into a comprehensive review and comparison.

Comparison with EASY Trendopedia​

When comparing Close In Profit Scalper to our EASY Trendopedia, several factors come into play:

Profitability:
- Close In Profit Scalper: Users have reported good profitability, particularly with gold (XAUUSD). The feedback highlights low drawdowns (DD) and solid performance on live accounts.
- EASY Trendopedia: Our robot excels in identifying strong trends and capitalizing on them, providing consistent returns over a variety of market conditions.

Reliability:
- Close In Profit Scalper: The robot is praised for its robust performance, but users like Cristiana suggest prioritizing forward testing over backtesting for accurate results.
- EASY Trendopedia: With rigorous backtesting and real-time performance monitoring, our robot ensures reliability and stability, making it suitable for long-term use.

User Feedback:
- Close In Profit Scalper: It has received high ratings and positive reviews from several users on MQL5.
- EASY Trendopedia: Our users consistently report satisfaction with both the performance and the support provided by the EASY Trading Team.

Pros and Cons​

Here is a concise summary of the advantages and disadvantages of each robot:

Close In Profit Scalper:

• Pros:
  - Effective for trading gold (XAUUSD)
  - Low drawdown
  - High user satisfaction
  - Live account performance validated
  
• Cons:
  - Forward testing recommended over backtesting
  - Performance may vary with different settings

EASY Trendopedia:

• Pros:
  - Strong trend detection
  - Consistent profitability across market conditions
  - Comprehensive backtesting and real-time monitoring
  - Excellent customer support
  
• Cons:
  - Initial setup may require guidance
  - May need periodic adjustments to adapt to market changes

Optimal Conditions for Close In Profit Scalper​

Close In Profit Scalper works best under the following conditions:
- Primarily targeting gold (XAUUSD)
- Correct settings tailored to the user's trading style
- Forward testing in a demo account to fine-tune performance before going live

Conclusion​

While Close In Profit Scalper shows promise and has garnered high praise from users, EASY Trendopedia offers a more consistent and reliable trading experience. The strong trend detection capabilities, comprehensive testing, and dedicated customer support make EASY Trendopedia a superior choice for traders seeking long-term success.

Source Code for Close In Profit Scalper​

We do not have access to the original source code of the Close In Profit Scalper sold on MQL5. However, we can create a trading robot based on its description and functionalities. For those interested in a similar trading algorithm, feel free to visit easytradingforum.com and check the EA Source Code Examples section.

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Download Close In Profit Scalper - Best Strategies and Settings​

For more details and to download the Close In Profit Scalper, visit Forex Robot Easy. If you have any questions about the code or its functionalities, please share them on our forum. Remember, the EASY Trading Team does not sell Close In Profit Scalper but can provide a customized code based on its description.