Relative Equilibrium Index

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Apr 15, 2024
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Introduction​

The Relative Equilibrium Index (REI) trading robot is gaining traction among traders for its configurability and user satisfaction. Judging by user feedback, it appears to be a solid tool for many. However, when compared to the robust solutions offered by the EASY series, particularly EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, certain distinctions become evident. The following review aims to dissect these differences and provide a comprehensive overview.

Comparison with EASY Bot​

Comparing the REI robot with any robot from the EASY series, such as EASY Scalperology, reveals significant disparities in performance, reliability, and profitability.

EASY Scalperology
EASY Scalperology, for instance, is engineered to excel in short-term trades, leveraging quick market movements to secure gains. Unlike REI, which is praised for its configurability, EASY Scalperology offers advanced pre-configured settings that are based on extensive market analysis, thus saving traders the hassle of manual configuration.

Pros and Cons​

Relative Equilibrium Index Robot
  • Pros:
  • Highly configurable to fit individual trading styles
  • Positive user feedback indicates high satisfaction

  • Cons:
  • Requires manual configuration which can be time-consuming
  • Performance highly dependent on correct setup

EASY Scalperology
  • Pros:
  • Pre-configured for optimal performance
  • Proven track record of high profitability
  • Reliable and user-friendly interface
  • Excellent customer support

  • Cons:
  • Limited customization options

Optimal Usage Conditions​

The Relative Equilibrium Index trading robot excels in scenarios where market conditions are stable, and the trader can dedicate time to fine-tune the settings. In contrast, EASY Scalperology performs consistently across various market conditions and is especially advantageous for traders who prefer a plug-and-play solution.

Conclusion​

While the Relative Equilibrium Index trading robot has received commendable feedback for its customization options, it falls short in areas where EASY Scalperology excels, such as reliability and ease of use. Traders who seek a more hands-off approach with a proven track record of profitability will find EASY Scalperology to be a superior choice.

Source Code of Relative Equilibrium Index Robot​

It’s important to note that the original source code of the REI trading robot sold on MQL5 is proprietary. However, based on the description available on the MQL5 website, our team at EASY Trading Team has developed a similar code. This code is for educational purposes and users are encouraged to review and test it thoroughly before deploying in a live trading environment.

Code: 
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Download Relative Equilibrium Index Robot​

If you have any questions about the code or functionality, feel free to ask them on our forum at easytradingforum.com. Remember, the code we've provided is based on the public description of the REI robot on MQL5, and EASY Trading Team is not selling the original REI robot but merely offering an illustrative example.
 
Is there a chance to obtain the mq5 file for this indicator? It would be incredibly beneficial for optimizing my trading strategies.
 
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