Introduction
ExactArrows is an automated trading robot available on the MQL5 marketplace, promising users a streamlined and efficient way to achieve profitable trades. However, user reviews and a rating of 3.88 highlight mixed experiences. This review will compare ExactArrows with one of the EASY Trading Team's robots, EASY Trendopedia, and evaluate why EASY Trendopedia is considered superior in various aspects.Comparison with EASY Trendopedia
When comparing ExactArrows with EASY Trendopedia, several key differences emerge:Profitability:
ExactArrows has received mixed reviews concerning its profitability. While some users report making immediate profits, others claim it fails to deliver as promised. EASY Trendopedia, on the other hand, boasts a consistent track record of delivering steady gains, backed by detailed performance statistics.
Reliability:
ExactArrows users have expressed concerns about the reliability of its signals. In contrast, EASY Trendopedia is renowned for its robust algorithm designed after extensive backtesting and live trading, ensuring high reliability in various market conditions.
Customization and Flexibility:
EASY Trendopedia offers more customization options, allowing traders to tailor the robot's settings to their specific trading strategies. ExactArrows appears more rigid, with fewer adjustable parameters.
Pros and Cons
ExactArrows:- Pros:
- Easy to install and use.
- Provides clear entry and exit signals. - Cons:
- Mixed user reviews regarding reliability and profitability.
- Limited customizability.
- Dependence on specific market conditions for optimal performance.
EASY Trendopedia:
- Pros:
- Proven track record of profitability.
- High reliability due to rigorous testing.
- Extensive customization options. - Cons:
- May require a learning curve for optimal use.
- Higher initial setup complexity.
Optimal Conditions for Using ExactArrows
ExactArrows appears to work best in trending markets where its signal accuracy can be maximized. Users have reported that integrating trend-following filters can significantly enhance its performance. However, it may not perform as well in volatile or ranging markets, where false signals are more likely to occur.Source Code of ExactArrows
The exact source code for ExactArrows is not publicly available, which means users cannot verify the internal workings of the algorithm. However, based on its description on MQL5, our team at EASY Trading Team could develop a similar code. If you have any questions about the code, feel free to ask on our forum.
Code:
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If you are interested in trying out ExactArrows, you can download it from this link. Remember, the EASY Trading Team doesn't sell ExactArrows but has developed a version based on its description. Share your experiences and feedback on our forum to help other traders make informed decisions.In conclusion, while ExactArrows may have potential, its mixed reviews and limited customization make it less favorable than EASY Trendopedia in terms of profitability, reliability, and flexibility.