Introduction
Snake Catcher NETTO is a fully automated forex trading tool specifically designed for netting accounts. It is a variation of the popular Snake Catcher Expert Advisor, and is primarily geared towards fast-paced trading. The robot excels at reacting swiftly to rapid price movements in the forex market, making it a valuable asset for traders who focus on quick responses to significant macroeconomic news.Comparison with EASY Robot
To understand the capabilities of Snake Catcher NETTO, it’s valuable to compare it with one of the trading robots from the EASY series: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. Let's focus on EASY Scalperology for this comparison.Snake Catcher NETTO excels in high volatility environments, especially during significant news releases. It makes decisions based on the rate of price change, which can capture rapid movements effectively. However, the main drawback is its higher risk during non-news periods when the market can be erratic.
EASY Scalperology, on the other hand, is designed for consistent performance in various market conditions. It utilizes sophisticated algorithms to detect scalping opportunities, making it a well-rounded tool for everyday trading. Its risk management features are more robust, providing controlled drawdown levels and stable profit generation.
Why EASY Scalperology is Better:
1. Consistent Performance: Unlike Snake Catcher NETTO, EASY Scalperology performs consistently across different market conditions.
2. Advanced Risk Management: EASY Scalperology includes advanced risk management settings, ensuring safer trading.
3. Versatility: It is suitable for a broader range of trading environments, not just high-volatility news periods.
Pros and Cons
Snake Catcher NETTOPros:
- Excellent for high-volatility trading during news events.
- Automated trading without constant supervision.
- Quick responses to rapid price movements.
Cons:
- Higher risk during non-news periods.
- Limited to netting accounts.
- Requires occasional manual intervention for closing positions.
EASY Scalperology
Pros:
- Consistent performance across different market conditions.
- Advanced risk management features.
- Versatile usage for everyday trading.
Cons:
- May not capitalize on extremely rapid price movements as effectively as Snake Catcher NETTO.
Optimal Usage Conditions
Snake Catcher NETTO works best in high-volatility environments, especially during significant macroeconomic news releases. Traders should keep an eye on the economic calendar and activate the robot during those periods for optimal performance. When the market is relatively calm, Snake Catcher NETTO may not perform as well, posing higher risks.On the other hand, EASY Scalperology can be employed consistently in various market conditions, making it a reliable tool for everyday trading.
Source Code of Snake Catcher NETTO
We do not have the actual source code of the original Snake Catcher NETTO robot sold on MQL5. However, based on the description provided on the MQL5 website, we can create a code that emulates its functionality. If you have any questions or need assistance with the code, feel free to ask on our forum.It is important to note that the EASY Trading Team does not sell the Snake Catcher NETTO robot. Instead, we provide an example code based on its described features for educational purposes.
Code:
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