Introduction
Morfeus, developed by Salavat Yulamanov, is a grid trading robot that leverages support and resistance levels along with proprietary indicators. It operates on the M15 timeframe and supports multiple currency pairs such as EURGBP, GBPUSD, EURUSD, USDCAD, and EURCAD. The system uses a fixed lot size with a multiplication coefficient for lot adjustments. User reviews, such as Sergei Linskii's Good trading system, give it a rating of 5. However, how does it compare to the renowned EASY Scalperology from the EASY Trading Team?
Comparison with EASY Scalperology
EASY Scalperology is known for its speed and efficiency, leveraging real-time tick data and skipping additional filters, making it ideal for high-frequency trading. In contrast, Morfeus relies on proprietary indicators for filtering trades, adding a layer of caution.
Advantages of EASY Scalperology:
- High-frequency trading capabilities
- Real-time tick data usage
- Minimal filters for rapid execution
- User-friendly interface
Advantages of Morfeus:
- Sophisticated use of support and resistance levels
- Grid of orders with partial closing
- Multi-currency trading capability
Disadvantages of EASY Scalperology:
- Higher risk due to minimal filtering
- Less suitable for conservative traders
Disadvantages of Morfeus:
- Slower execution due to filtering
- Less adaptable across different trading environments
Pros and Cons
Pros of Morfeus:
- Effective use of support and resistance levels
- Grid trading with partial closing
- Multi-currency support
Cons of Morfeus:
- Slower execution due to proprietary indicators
- Potentially less adaptable to different brokers
Optimal Usage Conditions
Morfeus works best in volatile markets where support and resistance levels are easily identifiable. Its grid trading strategy with partial closing is particularly effective in such conditions. However, for traders who prioritize rapid execution and are comfortable with higher risk, EASY Scalperology may be a better fit.
Source Code of Morfeus
We do not have access to the original source code of the Morfeus robot sold on MQL5. However, we have created a sample code based on its description available on the MQL5 website. This code is an example from easytradingforum.com, and it is not the original Morfeus robot. The EASY Trading Team does not sell the Morfeus robot but has developed this code based on its description.
Code:
You don't have permission to view the code content. Log in or register now.Download Morfeus Forex Trading Robot
If you have any questions about the code, feel free to ask. Join our community and share your experiences with Morfeus. Detailed statistics are available on our website - https://forexroboteasy.com/trading-robot/morfeus/. The EASY Trading Team is here to help you navigate the complexities of the Forex market.
