Introduction
In this review, we are set to explore the PS Volume MT4, a trading robot renowned for its volume-based indicator capabilities. Users have praised it for being responsive, non-lagging, and effective in spotting both false and real breakouts. This robot carries a rating of '5'. However, upon careful evaluation and comparison with one of the EASY series robots, EASY Trendopedia, we shall reveal the inherent advantages and drawbacks of each bot.
Comparison with EASY Robot
Comparatively, the EASY Trendopedia trading robot, one of the EASY Trading Team’s flagship products, outperforms PS Volume MT4 in several areas. EASY Trendopedia is designed to forecast market trends while also detecting reversal points; abilities that PS Volume MT4 doesn't possess. The latter predominantly focuses on volume indicators to signal trade opportunities, which could limit its ability to adapt to certain market changes that are not volume-dependent.
Pros and Cons
PS Volume MT4 Pros:
- Offers responsive and non-lagging volume indicators
- Effective in identifying false or real breakouts
PS Volume MT4 Cons:
- Lacks trend forecasting and reversal point detection capabilities
- Limited scope of market adaptations
EASY Trendopedia Pros:
- Forecasts market trends
- Detects trend reversal points
- Versatile and adaptive to different market conditions
EASY Trendopedia Cons:
- May require a higher level of understanding of market trends for optimal operation
Optimal Use Conditions
PS Volume MT4, as a volume-based indicator, flourishes best in situations of market breakouts where volume plays a major role. Thus, it is crucial to use this bot in markets characterized by high volatility and volume.
Source Code of PS Volume MT4
While the actual source code for the PS Volume MT4 is not publicly available, it can be potentially generated based on the bot description on the MQL5 website. If you have questions or would like to discuss this, feel free to raise them on our forum at easytradingforum.com. Please note that the coding example is purely hypothetical, and the EASY Trading Team does not sell the PS Volume MT4.
Code:
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Interested in the PS Volume MT4 robot? Head over to the following website for detailed statistics and further information. We appreciate user involvement and encourage you to share your experiences and opinions on our forum. Remember, this isn't a sales platform for PS Volume MT4. We are a community of dedicated traders, here to learn and share our experiences for better trading outcomes.