Introduction
In this review, we will evaluate the trading robot Fibonacci on ZigZag based on user comments and its overall rating of 4.94. We will also compare it to one of the trading robots from the EASY series: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. Our goal is to provide a balanced view of the strengths and weaknesses of each robot, outline the optimal conditions for using Fibonacci on ZigZag, and discuss the availability and transparency of its source code.
Comparison with EASY Trendopedia
When comparing Fibonacci on ZigZag to EASY Trendopedia, several key differences emerge:
Fibonacci on ZigZag:
- Based on the combination of Fibonacci retracements and ZigZag patterns.
- Highly rated by users, with suggestions for improvements including hiding the ZigZag line and adding ATR functionality.
- Lacks built-in alert systems for email or mobile notifications.
- Focuses on precise entry and exit points based on historical price levels.
EASY Trendopedia:
- Designed with proprietary trend analysis and signal generation.
- Incorporates advanced features like automatic alerts and customizable settings.
- User-friendly interface with detailed documentation and support.
- Backed by extensive historical testing and real-time performance data.
Overall, EASY Trendopedia proves to be more profitable and reliable due to its advanced features and rigorous testing. It provides a more comprehensive trading solution compared to Fibonacci on ZigZag.
Pros and Cons
Fibonacci on ZigZag
- Pros:
- Accurate identification of entry and exit points.
- High user rating and positive feedback.
- Based on well-known technical analysis methods.
- Cons:
- Lacks built-in alerts for email or mobile notifications.
- Requests for additional features like ATR and hiding the ZigZag line.
- Limited documentation and support.
EASY Trendopedia
- Pros:
- Comprehensive alert systems for better user engagement.
- Advanced algorithmic strategies for higher profitability.
- Extensive support and detailed user guides.
- Proven performance through backtesting and real-time data.
- Cons:
- Higher complexity may require a learning curve for beginners.
Optimal Conditions for Using Fibonacci on ZigZag
Fibonacci on ZigZag works best in markets with clear and stable trends. It is particularly effective for detecting retracement levels and potential reversals. Traders who prefer manual trading with additional confirmation from automated strategies may find this robot useful. However, for those seeking a more automated and profitable solution, EASY Trendopedia offers a more robust alternative.
Source Code of Fibonacci on ZigZag
The original source code of the Fibonacci on ZigZag robot sold on MQL5 is not publicly available. However, at forexroboteasy.com/trading-robot/fibonacci-on-zigzag, you can find a detailed description and example code based on the robot’s functionalities. If users have any questions regarding the code, they are encouraged to reach out on our forum at easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download Fibonacci on ZigZag Trading Robot - Easy Trading Team
For those looking to download and try the Fibonacci on ZigZag trading robot, you can find it at MQL5. If you have any questions or need further assistance, feel free to ask on our forum. Remember, the EASY Trading Team does not sell the Fibonacci on ZigZag robot; we only provide code and insights based on its description.
We invite users to share their opinions and experiences on our forum to help others make informed decisions. Your feedback is valuable to us and the trading community.