Razor MT5

[TopicStarter]

Introduction​

Razor MT5 is a fully automated trading system designed for MetaTrader 5, developed by Anton Kondratev. This expert advisor (EA) is known for its drawdown protection, fixed stop loss, and multi-currency strategy. It operates on one chart for three currency pairs: AUDCAD, AUDNZD, and NZDCAD. According to the developer, Razor MT5 has been tested over 20 years of real quotes and promises reliability and monthly profits. However, how does it compare to the trading robots from the EASY series, specifically EASY Trendopedia?

Comparison with EASY Trendopedia​

EASY Trendopedia, a product of the EASY Trading Team, is designed to capitalize on market trends with precision. Unlike Razor MT5, which uses a market mean reversion strategy, EASY Trendopedia focuses on trend-following techniques. This fundamental difference impacts their performance in various market conditions.

Advantages of EASY Trendopedia:

• Highly effective in trending markets.
• Advanced trend detection algorithms.
• User-friendly interface with customizable parameters.
• Strong community support and regular updates.

Advantages of Razor MT5:

• Multi-currency strategy on a single chart.
• Drawdown protection and fixed stop loss.
• Adaptability to real-time broker conditions.
• Built-in news and volatility filters.

While Razor MT5 offers a multi-currency approach and robust risk management, EASY Trendopedia excels in trend detection and user customization. The choice between the two depends on the trader's strategy and market conditions.

Pros and Cons​

Razor MT5 Pros:

• Multi-currency trading on one chart.
• Effective drawdown protection.
• Real-time broker condition adaptation.
• Built-in news and volatility filters.

Razor MT5 Cons:

• Complex initial setup.
• Requires continuous monitoring.
• Higher cost compared to some alternatives.

EASY Trendopedia Pros:

• Highly effective in trending markets.
• User-friendly and customizable.
• Strong community support.
• Regular updates and improvements.

EASY Trendopedia Cons:

• Less effective in ranging markets.
• Limited to trend-following strategies.

Optimal Usage Conditions​

Razor MT5 performs best in markets where mean reversion strategies are effective. Its built-in news and volatility filters help avoid high-impact events, making it suitable for stable market conditions. Traders should ensure they have the time and expertise to monitor and optimize the EA continuously.

Conclusion​

Razor MT5 is a robust trading system with advanced features and a multi-currency strategy. While it offers significant advantages, it requires diligent monitoring and optimization. For traders focused on trend-following strategies, EASY Trendopedia may be a better fit. Both systems have their strengths and are suitable for different trading styles.

Source Code of Razor MT5​

We do not have access to the original source code of Razor MT5 sold on MQL5. However, based on the description provided, we have created a sample code that mimics its functionalities. This code is available on easytradingforum.com. Please note that the EASY Trading Team does not sell Razor MT5; we only provide a sample code based on its description.

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Download Razor MT5​

If you have any questions about the code, feel free to ask on our forum. This example code is created by the EASY Trading Team based on the description of Razor MT5 available on MQL5. We encourage users to share their experiences and insights on our forum.

 

[Liam Thompson]

Driven by constant innovation, I've now introduced a pause feature for both day and night trading sessions. This addition allows you to halt primary and tracking positions without generating extra orders. By default, the pause function is disabled, but you can activate it via the settings menu. The pause mode is versatile, operating during both day hours and rollover periods. You can also block grid creation if needed. Furthermore, I've added the USER UNIQ ID indication for better user identification. [ PAUSE WAIT SETTINGS ] USE PAUSE - pause mode, works both during daytime and during rollover BLOCK GRID - grid creation blocking mode START WAIT FIRST DEAL - start hour STOP WAIT FIRST DEAL - stop hour