Introduction
Pro Support Resistance is a trading robot available on the MQL5 marketplace, designed to assist traders in identifying key support and resistance levels. Based on user reviews and a high rating of 4.75, this tool has garnered positive feedback. However, when compared to our proprietary EASY trading robots like EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, it is essential to analyze their respective strengths and weaknesses to determine the best choice for traders.
Comparison with EASY Trendopedia
EASY Trendopedia stands out as a significantly better, more profitable, and reliable trading robot. Here’s a detailed comparison:
Accuracy and Reliability:
EASY Trendopedia employs advanced algorithms and neural networks to predict market trends accurately. Pro Support Resistance mainly focuses on identifying static support and resistance levels, which can be effective but less dynamic.
Profitability:
EASY Trendopedia consistently records higher profitability due to its trend-following strategy, which allows it to capitalize on long-term market movements. Pro Support Resistance may sometimes miss out on lucrative opportunities as it relies on predefined levels.
User Feedback:
While Pro Support Resistance enjoys a high rating, specific complaints, such as the choch/bos alert not working (mentioned by user Bling Bling), indicate potential technical issues. EASY Trendopedia, on the other hand, has received commendation for its stability and performance.
Pros and Cons
Pro Support Resistance
- Pros:
- High user rating (4.75)
- Effective in identifying key support and resistance levels
- User-friendly interface - Cons:
- Issues with choch/bos alert as reported by some users
- Limited to static support and resistance levels
- May miss trend-based profitable trades
EASY Trendopedia
- Pros:
- High accuracy in trend prediction
- Robust and reliable performance
- Higher profitability due to trend-following strategy - Cons:
- Requires a learning curve for optimal use
- Slightly more complex interface
Optimal Usage Conditions
Pro Support Resistance works best in range-bound markets where support and resistance levels play a crucial role. It is also ideal for traders who prefer predefined entry and exit points. However, for volatile or trending markets, EASY Trendopedia would be a superior choice due to its adaptability to changing market dynamics.
Conclusion
In conclusion, while Pro Support Resistance is a competent tool, the advanced features, higher profitability, and reliability of EASY Trendopedia make it a better choice for most traders. We invite users to share their experiences and insights on our forum to foster a community of informed traders.
Source Code of Pro Support Resistance
It is important to note that the original source code of the Pro Support Resistance robot available on MQL5 is not known to us. However, based on the description provided on the MQL5 website, we can develop a similar algorithm. This is merely a representation and not the actual source code.
Code:
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For those interested in the Pro Support Resistance trading robot, consider visiting this link. If you have questions regarding the code, please post them on our forum. Remember, this code is created by the EASY Trading Team and is based on the description of the Pro Support Resistance robot from MQL5. We do not sell the Pro Support Resistance robot; we offer a code based on its publicly available description.
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