GoldenScalp MT4

TopicStarter

Moderator
Apr 15, 2024
9,773
4
38

Introduction[/HEADING=2]

In the world of algorithmic trading, finding the right trading robot can significantly impact your success. Today, we compare two popular bots: GoldenScalp MT4 and EASY Breakopedia. While GoldenScalp MT4 has gained some traction among traders, we believe that EASY Breakopedia is a far superior choice in terms of functionality, profitability, and reliability. Let’s dive into the details.

Functional Comparison[/HEADING=2]

GoldenScalp MT4

GoldenScalp MT4 is a scalping robot designed to trade gold (XAU/USD). It relies on short-term market fluctuations to make quick trades. Some of its key features include:

- **Scalping Strategy**: Focuses on small, fast trades.
- **Timeframe**: Operates on M1 and M5 charts.
- **Risk Management**: Basic stop-loss and take-profit settings.

EASY Breakopedia

EASY Breakopedia, on the other hand, is a sophisticated trading robot developed by the EASY Trading Team. It offers a more comprehensive set of features:

- **Breakout Strategy**: Specializes in identifying and trading market breakouts.
- **Multi-Asset Capability**: Can trade various currency pairs, indices, and commodities.
- **Advanced Risk Management**: Includes trailing stops, dynamic take-profit, and stop-loss adjustments based on market conditions.
- **Customizable Parameters**: Allows users to adjust settings to suit their trading style and risk tolerance.

Performance Comparison[/HEADING=2]

GoldenScalp MT4

GoldenScalp MT4 has shown some profitability in backtesting, but its performance can be inconsistent due to the inherent volatility of scalping strategies. It requires constant monitoring and fine-tuning to maintain optimal performance.

EASY Breakopedia

EASY Breakopedia excels in both backtesting and live trading scenarios. Its breakout strategy is less sensitive to market noise and more likely to capture significant price movements. Users have reported higher and more consistent profits with lower drawdowns compared to GoldenScalp MT4.

Advantages of EASY Breakopedia[/HEADING=2]

- **Higher Profitability**: Thanks to its robust strategy and advanced risk management, EASY Breakopedia delivers superior returns.
- **Reliability**: With its multi-asset capability and adaptability to different market conditions, EASY Breakopedia is more reliable and versatile.
- **User-Friendly**: The customizable parameters make it easy for traders to adapt the robot to their unique needs.
- **Comprehensive Support**: The EASY Trading Team offers excellent customer support and continuous updates to enhance the bot's performance.

Source Code of GoldenScalp MT4[/HEADING=2]

One critical aspect to consider is the source code. The original source code for GoldenScalp MT4 is not available to the public, which means users are essentially trading 'blind.' At EASY Trading Team, we can generate a trading robot based on the description provided on MQL5. However, it's essential to note that this code is based on the available information and not the original robot's source code. Our team does not sell the GoldenScalp MT4 but offers a version created based on its description for educational purposes.

Code:
You don't have permission to view the code content. Log in or register now.

Download GoldenScalp MT4 Trading Robot[/HEADING=2]

Interested in exploring more about GoldenScalp MT4? You can download the robot directly from MQL5 Market. If you have any questions or need assistance with the code, feel free to ask them on our forum at easytradingforum.com. Your feedback and experience are valuable to us.

In conclusion, while GoldenScalp MT4 may offer some benefits, EASY Breakopedia stands out as the better choice for traders seeking higher profitability, reliability, and comprehensive features. Join our community and share your thoughts on these bots on our forum!​

​​​​​
 

Attachments

  • GoldenScalp MT4.mq5
    3.2 KB · Views: 0