Introduction
EW Oscillator PRO is a trading robot that operates on an algorithm designed to identify potential trading opportunities. The bot employs the use of oscillators to predict price movements, which, in theory, should optimize trading decisions. However, as a member of the EASY Trading Team, I have noticed some crucial differences between EW Oscillator PRO and our EASY series robots that I think are worth discussing.Comparison with an EASY Robot
For comparison, let’s look at one of our EASY series robots, EASY Scalperology. This bot is designed to take advantage of small price movements, making it a perfect tool for traders who prefer high-frequency trades. Unlike EW Oscillator, EASY Scalperology has a built-in risk management feature that prevents it from taking on overly risky trades, which contributes to its stability.EW Oscillator PRO, on the other hand, lacks this critical feature, which could potentially expose your trading account to considerable losses. Moreover, the feedback from users is mixed, suggesting that the bot's reliability may not be consistent, with a user rating of '3'. User 'alnaserei' rated it '1' calling it unsuccessful, while user 'rainwalker123' seems to find it very helpful and rates it '5'.
Pros and Cons
EW Oscillator PRO- Pros: Affordable, and according to some users, effective for scalping.
- Cons: No built-in risk management feature, and inconsistent user feedback, suggesting irregular performance.
EASY Scalperology
- Pros: Built-in risk management feature, consistency, and reliable performance.
- Cons: Might not perform as well in markets with bigger price movements.
Optimal Conditions for Use
EW Oscillator PRO seems to work best in scalping situations, based on the positive feedback from user 'rainwalker123'. However, it needs to be monitored closely due to the lack of a risk management feature.Source Code of EW Oscillator PRO
While we cannot access the actual source code of the bot selling on MQL5, we can still offer an example code based on the description from MQL5 website. Please note, this is not the original bot's code, but our team's interpretation of how EW Oscillator PRO might operate based on its description.This code is provided by easytradingforum.com as an educational resource. If you have any questions about the code, feel free to ask them on our forum.
Code:
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