Introduction
ScalperSpeed is a trading robot designed for scalping, available for purchase on MQL5. As a professional trader and MQL5 programmer from EASY Trading Team, I've analyzed the performance of this robot and compared it with one of our own, EASY Scalperology. User feedback on ScalperSpeed is mixed, with some praising its performance and others criticizing it. Here, we provide a balanced review, including a comparison with EASY Scalperology, detailing the strengths and weaknesses of each robot, and discussing the optimal conditions for using ScalperSpeed.Comparison with EASY Scalperology
When comparing ScalperSpeed with EASY Scalperology, we observe significant differences in performance, reliability, and user satisfaction.Performance:
ScalperSpeed has received mixed reviews. User peterswaby reported that the robot wiped out his account during a back test on EURUSD, giving it a 1-star rating. On the other hand, user bookyung500 rated it 5 stars, noting it as a Very Good EA!. This disparity suggests inconsistent performance. In contrast, EASY Scalperology has consistently received high ratings and positive feedback for its steady performance and profitability.
Reliability:
ScalperSpeed's reliability is questionable due to its varied performance. In comparison, EASY Scalperology has been extensively back-tested and optimized to operate reliably across different market conditions, giving traders confidence in its steadiness.
User Satisfaction:
While ScalperSpeed has a mixed rating of 3, EASY Scalperology enjoys higher overall user satisfaction. This is due to its transparent strategy, reliable performance, and strong support from the EASY Trading Team.
Pros and Cons
ScalperSpeed:- Pros:
- Can perform well in specific market conditions
- Easy to set up and use
- Cons:
- Inconsistent performance
- Potentially high risk, as reported by users
- Limited support and updates
EASY Scalperology:
- Pros:
- Consistent and reliable performance
- Extensive back-testing and optimization
- Strong support and regular updates
- Cons:
- Requires purchase and initial setup
- May need customization for specific trading goals
Optimal Conditions for Using ScalperSpeed
ScalperSpeed works best in highly volatile market conditions where rapid price movements can be captured for small but frequent gains. Traders should closely monitor the account and use it on pairs with sufficient liquidity and low spread. Adequate risk management, such as setting conservative stop-loss and take-profit levels, is crucial to mitigate potential losses.Conclusion
ScalperSpeed is a capable trading robot but comes with substantial risks and inconsistent performance, as indicated by user feedback. For traders seeking a more reliable and profitable solution, EASY Scalperology offers a superior alternative with a track record of consistent success and robust support.We encourage users to share their experiences and provide feedback on the forum to help others make informed decisions.
Source Code of ScalperSpeed
The exact source code for ScalperSpeed is not publicly available, which limits transparency. However, based on the description on MQL5, our team has developed a similar trading bot. If you have any questions regarding the coding aspects, feel free to ask on easytradingforum.com. Please note that the code is an interpretation of the described functionality and not the original.
Code:
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