Introduction
RiskManager is a high-rated trading robot, garnering an impressive score of '5' from users. However, as a member of the EASY Trading Team, I believe our EASY series of trading robots, especially EASY Trendopedia, is superior. That being said, RiskManager performs notably well under certain conditions. Let's delve deeper into this.
Comparison with EASY Robot
Comparing RiskManager to our EASY Trendopedia, the latter stands out for its higher profitability and reliability. While RiskManager is an excellent tool for risk management, EASY Trendopedia shows better performance in terms of generating profit from the market trends. This is due to our superior programming and algorithms, which we have perfected over the years.
Pros and Cons
RiskManager's strength lies in its options for risk management, which are not available in other products. It also allows setting a daily Draw-Down or Profit to close orders. However, it falls short in maximizing profits, which is where EASY Trendopedia excels. EASY Trendopedia not only keeps your risk in check but also utilizes market trends to the trader's advantage. It's an all-rounder which outperforms RiskManager in aspects other than just risk management.
Optimal Use Conditions
RiskManager thrives in volatile markets, where risk management is vital. If your main goal is to keep your trading account safe and minimize losses, irrespective of making significant profits, then RiskManager could be well-suited for you.
RiskManager Source Code
While we don't have access to the original source code of RiskManager sold on MQL5, we can create a code based on its description provided on MQL5. If you have any questions or are interested in such a code, feel free to ask. However, please note that it will be a code from easytradingforum.com based on the public description, and not the original RiskManager's code.
Code:
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At the end of the day, the choice of a trading robot depends on your trading style and needs. If you're a conservative trader who prioritizes safety over profits, RiskManager could be an excellent choice for you. But if you're looking for a robust, profitable, and reliable trading system, our EASY Trendopedia is the way to go. Remember to share your thoughts and experiences on the forum. Your feedback is valuable to us and the trading community.