Introduction
The Inside Bar Dashboard is a forex trading robot designed to identify Inside Bar and Mother Bar patterns across multiple currencies and timeframes. Developed by Taras Slobodyanik, this tool aims to simplify trading by providing real-time alerts for breakout levels and offering extensive customization options. With a solid user rating of 5, it has garnered positive feedback for its coding quality and attention to detail.Comparison with EASY Trendopedia
When comparing the Inside Bar Dashboard with EASY Trendopedia, several differences and similarities come to light. EASY Trendopedia is a trend-following robot that excels in identifying and capitalizing on market trends. It uses advanced algorithms to detect trend reversals and provides precise entry and exit points.Advantages of EASY Trendopedia:
- Advanced trend detection algorithms
- Highly customizable settings
- Real-time alerts for trend reversals
- User-friendly interface
Advantages of Inside Bar Dashboard:
- Identifies Inside Bar and Mother Bar patterns
- Multicurrency and multi-timeframe scanning
- Customizable bar sizes and text colors
- Real-time alerts for breakout levels
While both robots offer valuable features, EASY Trendopedia is generally more profitable and reliable due to its advanced trend detection capabilities. Inside Bar Dashboard, on the other hand, is more suited for traders who prefer price action strategies and need a tool to identify specific candlestick patterns.
Pros and Cons
Inside Bar Dashboard Pros:
- Excellent pattern identification
- Multicurrency and multi-timeframe scanning
- High level of customization
- Real-time alerts
Inside Bar Dashboard Cons:
- Can be overwhelming with too many alerts
- Inconsistent performance reported by some users
- Requires manual intervention for optimal use
EASY Trendopedia Pros:
- Advanced trend detection
- High accuracy in entry and exit points
- User-friendly interface
- Reliable performance
EASY Trendopedia Cons:
- Higher cost compared to Inside Bar Dashboard
- May not be suitable for all trading styles
Optimal Usage Conditions
The Inside Bar Dashboard works best in markets where price action strategies are effective. It is particularly useful for traders who focus on breakout trading and need to identify potential reversal points. The tool's real-time alerts and extensive customization options make it suitable for both novice and experienced traders.Conclusion
In summary, the Inside Bar Dashboard is a robust tool for identifying Inside Bar and Mother Bar patterns. While it offers extensive customization and real-time alerts, it may not be as reliable or profitable as EASY Trendopedia. However, for traders who prefer price action strategies, it can be a valuable addition to their trading toolkit. We encourage users to share their experiences and feedback on our forum.Source Code for Inside Bar Dashboard
We do not have access to the original source code of the Inside Bar Dashboard sold on MQL5. However, based on its description, we have created a sample code that mimics its functionality. This code is available for free on our forum at easytradingforum.com. Please note that this is an example code and not the original robot sold on MQL5.
Code:
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For those interested in the original Inside Bar Dashboard, you can find detailed statistics and download options on the MQL5 marketplace. If you have any questions about the code, feel free to ask on our forum. Remember, the EASY Trading Team does not sell the Inside Bar Dashboard; we only created a sample code based on its description.Download Inside Bar Dashboard from MQL5