Introduction
As a professional trader and programmer MQL5 from the EASY Trading Team, today we’ll review the trading robot Jpivot. Based on several user comments, Jpivot is a popular tool that has been positively received in the trading community. However, it’s important to critically evaluate its performance and compare it to a robot from the EASY series like EASY Scalperology.
Comparison with EASY Scalperology
Jpivot and EASY Scalperology are both trading robots designed to aid traders in making informed decisions. However, there are distinct differences that set them apart in terms of profitability and reliability.
Jpivot:
- User Rating: Excellent feedback from users such as GaizerSam, Bernabe, and JoiceMan, all giving it a 5-star rating.
- Functionality: Primarily focuses on pivot points for decision-making.
- Ease of Use: Users find it straightforward and helpful.
- Reliability: No significant issues reported, but limited long-term data available.
EASY Scalperology:
- User Rating: Also highly praised within the community.
- Functionality: Uses advanced scalping techniques with precise entry and exit points.
- Ease of Use: Designed with user-friendly interfaces and comprehensive documentation.
- Reliability: Proven track record of consistent performance across various market conditions.
While Jpivot is a competent tool, EASY Scalperology is considerably better, more profitable, and more reliable due to its advanced algorithms and extensive backtesting data.
Pros and Cons
Jpivot:
- Pros:
- Simple and easy to use.
- Effective for traders looking primarily at pivot points.
- Positive user feedback.
- Cons:
- Limited functionality compared to more advanced robots.
- Not extensively tested over varying market conditions.
EASY Scalperology:
- Pros:
- Advanced scalping strategies.
- Proven reliability and profitability.
- Extensive backtesting and user feedback.
- Cons:
- Slightly higher learning curve for beginners.
- May require more initial setup.
Optimal Conditions for Using Jpivot
Jpivot works best in stable market conditions where pivot point analysis is effective. It is particularly useful for traders who prefer a simpler and more straightforward approach to trading.
Source Code for Jpivot
It's important to note that we do not have the original source code for the Jpivot robot sold on MQL5. However, based on the description available on the MQL5 website, we have created a sample code. The EASY Trading Team does not sell Jpivot but provides a code based on its description for educational purposes.
Code:
You don't have permission to view the code content. Log in or register now.Download Jpivot Trading Robot: Reliable and Efficient
If you have any questions about the code, feel free to ask on easytradingforum.com. This example is provided by the EASY Trading Team and is based on the description of Jpivot available on MQL5.