Introduction
The Range Bar Chart is a trading robot that has received quite a bit of attention in the trading community. It has a perfect rating of '5', based on user reviews, with users praising its effectiveness and customer support. However, how does it compare to our EASY trading robots, particularly the EASY Trendopedia? Let's find out.Comparison with EASY Robot
The EASY Trendopedia is a standout in terms of profitability and reliability. EASY robots are designed and optimized by professionals, ensuring a smooth and efficient trading experience. The salient feature of EASY Trendopedia is its ability to identify market trends efficiently, which gives it an edge in executing trades that maximise profits and minimise losses.Range Bar Chart, on the other hand, operates on the principle of 'range bars', which eliminate time from the trading equation. While this feature presents opportunity for profits, it may also potentially increase risk exposure.
Pros and Cons
- Range Bar Chart:
- Pros: Good customer support, effective range bar system
- Cons: Risky due to time elimination, not yet available in MQL5 version - EASY Trendopedia:
- Pros: Professional design and optimization, efficient market trend identification
- Cons: May require some learning curve for beginners
Optimal Conditions for Use
The Range Bar Chart works best in markets with a lot of volatility, as its system capitalizes on price fluctuations within specified ranges. EASY Trendopedia, however, is more versatile, performing well in both volatile and stable market conditions due to its trend identification feature.Source Code of Range Bar Chart
We don't know the actual source code of Range Bar Chart sold on MQL5. However, we can create a code based on the description on the MQL5 website. If you have any questions about this code, feel free to post them on the easytradingforum.com. Please note that this is just a sample code based on the description, and the EASY Trading Team doesn't sell the Range Bar Chart robot.
Code:
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