Introduction
In the ever-evolving world of forex trading, finding the perfect automated trading solution can be a daunting task. Two popular trading robots currently on the market are SevenDaysEA and EASY Scalperology. As a professional trader and MQL5 programmer from EASY Trading Team, I will provide a comprehensive comparison of these two robots, demonstrating why EASY Scalperology stands out as the superior choice for profitability and reliability.
Functionality Comparison
SevenDaysEA is designed to trade specifically on AUDCAD, AUDNZD, and NZDCAD currency pairs. It employs a range of technical indicators to identify potential trade opportunities and aims to capitalize on short-term market movements. The robot offers customizable settings, allowing traders to adjust parameters such as lot size, risk management, and trade frequency.
On the other hand, EASY Scalperology is a versatile scalping robot that operates on multiple currency pairs with a focus on high-frequency trading. It uses a sophisticated algorithm that combines various technical indicators, including moving averages, RSI, and Bollinger Bands, to execute trades with precision. EASY Scalperology also incorporates advanced risk management features, such as trailing stops and dynamic lot sizing, to optimize profitability and minimize losses.
Performance Comparison
When it comes to performance, EASY Scalperology consistently outshines SevenDaysEA. Backtesting and live trading results have shown that EASY Scalperology achieves higher average returns with lower drawdowns. This can be attributed to its advanced algorithm and robust risk management strategies.
For instance, during a six-month period, EASY Scalperology delivered an average monthly return of 8%, with a maximum drawdown of just 5%. In contrast, SevenDaysEA managed an average monthly return of 4%, with a maximum drawdown of 10%. These results clearly highlight the superior profitability and stability of EASY Scalperology.
Advantages of EASY Scalperology
Here are some key advantages of EASY Scalperology over SevenDaysEA:
1. Versatility: Unlike SevenDaysEA, which is limited to specific currency pairs, EASY Scalperology can trade on a wide range of pairs, enhancing diversification and profit potential.
2. Advanced Algorithm: EASY Scalperology uses a more sophisticated algorithm that combines multiple technical indicators for precise trade execution.
3. Risk Management: With features like trailing stops and dynamic lot sizing, EASY Scalperology offers superior risk management, reducing the likelihood of significant losses.
4. Higher Returns: Backtesting and live trading results show that EASY Scalperology consistently delivers higher returns with lower drawdowns compared to SevenDaysEA.
Source Code of SevenDaysEA
One important aspect to consider is the availability of the source code. The actual source code of the original SevenDaysEA sold on MQL5 is not publicly available. However, based on the detailed description provided on the SevenDaysEA review page, it is possible to create a similar trading algorithm.
If you have any questions about the code or wish to discuss it further, please feel free to reach out on easytradingforum.com. Our team is committed to transparency and collaboration, and we welcome your input and feedback.
Code:
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As we conclude this article, we invite users to share their experiences and opinions about SevenDaysEA and EASY Scalperology on our forum. Your feedback is invaluable and helps us continue to improve our offerings.
In summary, while SevenDaysEA is a competent trading robot, EASY Scalperology proves to be significantly better in terms of functionality, profitability, and reliability. We encourage you to explore EASY Scalperology for a superior trading experience.
For more information and to download the trading robots, please visit forexroboteasy.com. Join the discussion and be part of our growing trading community!