Introduction
Today, we shall be taking a closer look at the RangeBreakout EA MT4 trading robot. Noted for its effectiveness and efficiency, this bot has been gaining attention in the forex community. However, in our comparison, we'll also explore one of the EASY Trading Team's bots and discuss how it far outweighs the RangeBreakout EA MT4 in terms of profitability and reliability. We value and appreciate the feedback from users like Aleksandr Agrushev, who has rated this bot a '5' and expressed his satisfaction with the bot.Comparison with EASY robot
Let's compare RangeBreakout EA MT4 with our top-performing trading bot - the EASY Breakopedia. The Breakopedia, much like the RangeBreakout EA MT4, specializes in identifying and capitalizing on breakouts. However, the main advantage of Breakopedia is its advanced algorithm, which allows it not only to detect but also to predict potential breakouts, thereby offering higher profitability.Another key difference lies in the bots' adaptability. While the RangeBreakout EA MT4 can be adjusted to fit a specific strategy according to user agrushev777, the EASY Breakopedia robot is further equipped with dynamic adaptability, meaning it modifies its strategy to fit varying market conditions, providing a consistently high performance.
Pros and Cons
RangeBreakout EA MT4
Ability to adjust bot to fit a specific strategy.
Adequate performance with consistent results.
Cons
Limited adaptability to changing market conditions.
Lack of predictive capabilities can limit profitability.
EASY Breakopedia
Advanced algorithm capable of predicting breakouts.
Dynamic adaptability to fit different market conditions.
Higher profitability and reliability.
Cons
Might be more complex for beginners to understand and utilize.
Optimal conditions for RangeBreakout EA MT4
The RangeBreakout EA MT4 bot performs optimally when the forex market experiences significant price ranges and breakouts. It is best suited to a volatile market environment where these ranges occur more frequently.Source code of RangeBreakout EA MT4
While the original source code for the RangeBreakout EA MT4 is not publicly available as it's sold on MQL5, we've developed a similar code based on its description. This EASY Trading Team version of the code is available for free on our forum easytradingforum.com.
Code:
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If you're interested in downloading RangeBreakout EA MT4 or have any inquiries about the code, feel free to ask on our forum. We welcome all discussions and feedback. Do note that this code is a EASY Trading Team product and is based on the description of the RangeBreakout EA MT4 provided on the MQL5 site. The EASY Trading Team does not sell the bot, we only offer a code based on its description.In conclusion, while the RangeBreakout EA MT4 shows promising results, our comparison reveals that the EASY Breakopedia bot offers superior profitability and reliability. We encourage users to share their experiences and feedback for a more vibrant and informed trading community.