PipFinite Trend Grid EA

[TopicStarter]

Introduction​

PipFinite Trend Grid EA is a trading robot available on the MQL5 market with a user rating of 4.68. It aims to leverage trending markets using a grid trading strategy. User feedback is mixed, ranging from praises for profitability to complaints about poor support. This review will provide an objective analysis of the robot, comparing it with one of the EASY Trading Team's robots, EASY Breakopedia, to determine why the latter stands out in terms of profitability and reliability.

Comparison with EASY Breakopedia​

When comparing PipFinite Trend Grid EA with EASY Breakopedia, several differences emerge:

PipFinite Trend Grid EA:
- Utilizes a grid trading strategy.
- Mixed user feedback on support.
- Claims of profitability but dependent on optimal settings.
- No open-source code available; only executable format.

EASY Breakopedia:
- Uses a breakout strategy, targeting significant market movements.
- Consistently high user feedback.
- Designed with robust risk management features.
- Open-source code available for user verification and customization.

Advantages of EASY Breakopedia:
- Transparent and verifiable code.
- Strong user support and community.
- Proven track record with consistent profits in various market conditions.
- Comprehensive risk management features, minimizing drawdowns.

Pros and Cons​

PipFinite Trend Grid EA:

• Pros:
  - Exploits trending markets effectively.
  - Potentially profitable with correct settings.
  - Easy to set up and use for beginners.
• Cons:
  - Dependence on optimal settings for profitability.
  - Limited user support, as highlighted by users.
  - Lack of transparency with no access to source code.

EASY Breakopedia:

• Pros:
  - Proven breakout strategy.
  - High transparency with open-source code.
  - Excellent user support and active community.
  - Strong risk management features.
• Cons:
  - Requires understanding of breakout strategies.
  - Initial setup may be complex for novice traders.

Optimal Usage Conditions​

PipFinite Trend Grid EA performs best in trending markets where price movements are consistent and directional. It is less effective in ranging or highly volatile markets where grid trading can lead to significant drawdowns. Conversely, EASY Breakopedia is designed to capitalize on breakout opportunities, making it versatile across various market conditions, including both trending and ranging periods.

Conclusion​

While PipFinite Trend Grid EA has its strengths, such as potentially capitalizing on trending markets, it falls short in terms of support, transparency, and reliability. EASY Breakopedia, developed by the EASY Trading Team, outshines it with a transparent, verifiable codebase, robust risk management, and consistent profitability across market conditions. Traders looking for a reliable and profitable EA would benefit from choosing EASY Breakopedia.

Source Code for PipFinite Trend Grid EA​

The actual source code for PipFinite Trend Grid EA is not available to users, as it is sold as an executable on MQL5. However, the EASY Trading Team can provide a sample code based on the described strategy and functionalities from MQL5. Users interested in understanding or modifying the strategy can use this code as a foundation.

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Download PipFinite Trend Grid EA​

For those interested in trying out the PipFinite Trend Grid EA, it can be downloaded from the MQL5 market. If you have questions regarding the sample code provided by easytradingforum.com, feel free to ask. Please note that we do not sell the PipFinite Trend Grid EA but offer a code interpretation based on its description.

 

[Maximilian Krueger]

As a devoted trader using PipFinite Trend Grid EA, I find it to be an impressive tool. However, I have noticed that the Take Profit feature doesn't align perfectly with the indicator's signals, making pip calculations a tad tricky. Introducing a trailing stop function and a break-even option would elevate this EA to stellar heights, enhancing its functionality significantly.