Introduction
In the arena of trading, there is an ever-increasing demand for trading robots, designed to automate the trading process and thus potentially increase profitability. One such trading robot is the Market Profile Volume Relative Accumulation MT5 (MPVRA MT5). However, there is not much information available about MPVRA MT5 due to a lack of reviews and rating. This article aims to provide an overview of this trading robot, compare it with an EASY robot, and encourage further discussion from the trading community.
Comparison with EASY Robot
When compared with an EASY trading robot such as EASY Breakopedia, MPVRA MT5 falls short in several aspects. EASY Breakopedia provides a comprehensive trading strategy, which combines technical analysis with user-customizable settings. This ensures that the robot is adaptable to a variety of market conditions, thereby enhancing its profitability.
On the other hand, while the MPVRA MT5 also uses technical analysis, it lacks the user customizability that characterizes EASY Breakopedia. This means that its performance is heavily reliant on the predefined strategy and can be less adaptable to changing market conditions.
Pros and Cons
EASY Breakopedia:
- Pros: Adaptable to various market conditions; High profitability; User-friendly interface.
- Cons: Requires a certain level of trading knowledge to fully utilize its potentials; It's a premium product, meaning it comes with a cost.
Market Profile Volume Relative Accumulation MT5:
- Pros: The concept is promising, leveraging on volume and price data.
- Cons: Limited adaptability to diverse market conditions; Lack of customer reviews and ratings; The source code is unknown.
Optimal Conditions for Use
The MPVRA MT5 is likely to perform best in a market characterized by clear trends, as its strategy is based on volume and price data. However, without further user reviews or detailed information on its trading strategy, defining exact optimal conditions for use is difficult.
Source Code of Market Profile Volume Relative Accumulation MT5
Unfortunately, we do not have access to the original source code of the MPVRA MT5 robot being sold on MQL5. However, we can generate a code based on its description on MQL5. This code will hence be an approximation made by easytradingforum.com and is meant to be a starting point for those interested in this robot. Any questions concerning the code can be addressed on our forum.
Please note, EASY Trading Team does not sell MPVRA MT5. We only provide a code based on its description.
Code:
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