Introduction
In the landscape of Forex Trading, the MT4 platform has been a game-changer. It offers a vast array of tools and Forex Strategies to aid traders in navigating the market. One such tool that has been increasingly gaining attention is the Positive MT4, a high-performance trading tool optimized for all 28 Forex pairs of USD, EUR, GBP, JPY, CAD, CHF, AUD, NZD.Comparison with EASY Robot: EASY Breakopedia
While Positive MT4 exhibits impressive performance, particularly on the AUDNZD timeframe (M15), it does have its limitations when compared to one of the standout robots from the EASY series - EASY Breakopedia.Performance and Trading Parameters
Positive MT4 requires a minimal deposit of 800 USD per pair and can open up to seven trades sequentially. In contrast, EASY Breakopedia is designed to operate with a lower initial deposit and can handle more trading pairs simultaneously, making it a more versatile choice for traders with varied portfolios.
Algorithm and Strategy
Positive MT4 tracks currency-specific intraday price actions to open trades, anticipating a return to initial price levels. On the other hand, EASY Breakopedia uses a sophisticated breakout strategy, ensuring higher profitability and reduced risk exposure by aligning trades with significant market movements.
Reliability and User Experience
EASY Breakopedia is known for its robust backtesting results and consistent real-time performance. It offers better user experience through an intuitive interface and comprehensive customer support. Positive MT4, while effective, may not offer the same level of reliability and ease of use, especially for novice traders.
Pros and Cons
Positive MT4:Pros:
- Effective for short-term price fluctuations
- Optimized for 28 Forex pairs
- Smooth opening and closing of trades on M15 timeframe
Cons:
- Higher initial deposit required
- Limited to seven trades open simultaneously
- Less versatile compared to EASY Breakopedia
EASY Breakopedia:
Pros:
- Lower initial deposit
- Can handle multiple trading pairs simultaneously
- Sophisticated breakout strategy
- Higher profitability and reduced risk
- Better user experience and support
Cons:
- May require more understanding of breakout strategies
Optimal Conditions for Using Positive MT4
Positive MT4 works best under conditions where the market exhibits clear intraday price actions. It is particularly effective for traders focusing on short-term gains and who can afford the higher initial deposit. The robot is optimized for the AUDNZD pair on the M15 timeframe, making it ideal for those specific conditions.Conclusion
In summary, while Positive MT4 offers a robust tool for Forex trading, particularly in tracking intraday price movements, EASY Breakopedia proves to be a more versatile and profitable option. With its sophisticated breakout strategy and lower initial deposit requirements, EASY Breakopedia caters to a broader range of traders.Source Code of Positive MT4
Although we do not have access to the actual source code of the Positive MT4 robot sold on MQL5, the EASY Trading Team has developed a similar code based on the description available from the MQL5 marketplace. If users have any questions about this code, they can reach out on our forum for further assistance.
Code:
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