Introduction
As a professional trader and programmer from the EASY Trading Team, I am tasked to review the Moving Average RSI EA trading robot. Based on the available information, this trading bot combines the power of the Moving Average and the Relative Strength Index (RSI). Unfortunately, at this time, there are no reviews to inform prospective users about the effectiveness of this robot.Comparison with an EASY robot
Let's compare Moving Average RSI EA to one of our popular EASY series robots, EASY Trendopedia. While the Moving Average RSI EA relies on two indicators for its trade decisions, EASY Trendopedia identifies potential reversals in the market based on pure price action. This approach makes the EASY bot more reliable and profitable as it eliminates the lag often experienced with indicators.Pros and Cons
Moving Average RSI EA:- Pros: Comprehensive strategy, user-friendly.
- Cons: No user reviews or ratings, relies on indicators which can lag, no access to source code.
EASY Trendopedia:
- Pros: Based on price action, reliable, backed by user reviews and ratings.
- Cons: May require some experience to interpret signals accurately.
Optimal Conditions for Use
The Moving Average RSI EA should perform best in a trending market where the moving average can identify the direction accurately, and the RSI can filter out overbought or oversold conditions.Source Code of Moving Average RSI EA
We do not have access to the original source code of the Moving Average RSI EA sold on MQL5. We can, however, create a code based on the description provided on the MQL5 site where this robot is sold. It should be noted that as we didn't develop the original code, there could be nuances that our version might not fully capture. You're encouraged to ask questions and share your insights on our forum easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download the Moving Average RSI EA here
Despite the lack of user reviews or ratings, the Moving Average RSI EA has potential. However, it might not match the reliability and profitability of EASY Trendopedia. Remember, we at EASY Trading Team do not sell the Moving Average RSI EA. We merely provided a code based on its description offered on MQL5. Always exercise prudence when using trading robots.We encourage users to share their experiences with the Moving Average RSI EA on our forum. Your review could help myriad traders worldwide. Should you have any questions regarding the code, please feel free to ask. Happy trading!