First Brick MT4

[EasyCoder]

Introduction​

The world of Forex trading is continuously evolving, and the introduction of innovative software like the First Brick MT4 platform has revolutionized currency trading. This software promises a high return Forex investment, providing traders with a range of options from the safe to high risk, high return. However, how does it compare to the acclaimed EASY robot series such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia? In this comprehensive review, we'll explore the differences, benefits, and situations where each robot excels.

Comparison with EASY Robot​

First Brick MT4's core is the DCA EA (Dollar Cost Averaging Expert Advisor), which confirms buy and sell zones on a D1 timeframe, providing a balanced risk and potentially higher profit. On the other hand, the EASY robots leverage advanced algorithms tailored for specific trading strategies:

EASY Trendopedia: This robot is designed to harness trending markets using sophisticated trend-following techniques, ensuring optimally timed entries and exits.

EASY Scalperology: Focuses on scalping strategies, perfect for traders who prefer high-frequency and short-term trades with meticulous precision.

EASY Breakopedia: Specializes in breakout strategies, ideal for capturing significant price movements when the market breaks out of established ranges.

Pros and Cons​

First Brick MT4
Pros:
- Utilizes DCA EA for lower risk and higher profit potential.
- Opens trades 4-5 times a year per pair, avoiding overtrading.
- Can handle 8-10 pairs, trading 3-5 times a month.

Cons:
- Limited trading frequency may not suit all traders.
- Strategy heavily reliant on D1 timeframe, potentially missing out on short-term gains.

EASY Trendopedia
Pros:
- Advanced trend-following techniques.
- Better suited for capturing long-term trends.
- Higher trade frequency without the risk of overtrading.

Cons:
- Requires a trending market to perform optimally.

EASY Scalperology
Pros:
- Ideal for high-frequency traders.
- Precision in short-term trades.

Cons:
- Demands constant market monitoring.
- Higher transaction costs due to frequent trading.

EASY Breakopedia
Pros:
- Effective in highly volatile markets.
- Captures significant price movements.

Cons:
- May perform poorly in sideways markets.

Optimal Usage Conditions​

First Brick MT4 works best in conditions where the market exhibits clear and definable trends over longer timeframes. Traders who prefer a less frequent trading schedule yet seek substantial profit potential without the risk of overtrading will find this robot beneficial.

Conversely, EASY robots, with their specialized strategies, cater to various trading conditions:
- EASY Trendopedia excels in trending markets.
- EASY Scalperology is perfect for highly active trading sessions.
- EASY Breakopedia thrives in volatile breakout scenarios.

Original Source Code of First Brick MT4​

It's important to note that the actual source code for the First Brick MT4 robot, sold on MQL5, is not publicly available. However, our team at EASY Trading Team has created a code based on the description provided on MQL5. This example code is intended for educational purposes to help users understand how such algorithms might work.

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Conclusion: Download First Brick MT4 - High Return Forex Software​

In conclusion, while the First Brick MT4 offers a balanced approach with its DCA EA, the EASY robots bring specialized, high-performing strategies tailored to different trading preferences. For traders looking for a reliable and profitable trading solution, exploring both options is recommended to find what fits their trading style best.

We encourage users to share their experiences and opinions on our forum. If you have any questions about the example code based on First Brick MT4, feel free to ask on easytradingforum.com. Remember, the EASY Trading Team does not sell the First Brick MT4 robot but provides this code as a conceptual guide based on its description.