Introduction
The SuperTrendNew strategy, a unique addition to the forex trading realm, provides an optimized trading strategy for realistic results in the volatile currency market. One of its key features is its ability to signal an entry for both long and short trades based on supertrend trend changes. This review elaborates on the features, workings, and potential benefits of this strategy.
Comparison with EASY Robot
While the SuperTrendNew strategy brings some advanced features to the table, it lacks in several areas when compared to the superior trading robots from the EASY series, such as EASY Trendopedia, EASY Scalperology, and EASY Breakopedia.
EASY Trendopedia:
The EASY Trendopedia excels in its multi-timeframe analysis, allowing for a more diversified trading strategy. It is equipped with advanced indicators and a dynamic risk management system, making it considerably more reliable and profitable than SuperTrendNew.
EASY Scalperology:
EASY Scalperology specializes in high-frequency trading and employs a robust algorithm to detect optimal entry and exit points within minutes. Its lightning-fast execution and precision make it a better choice for scalpers compared to SuperTrendNew, which is more suited for swing trading.
EASY Breakopedia:
EASY Breakopedia focuses on breakout strategies and is designed to capture significant market movements. With its sophisticated algorithms and backtesting capabilities, it outperforms SuperTrendNew in volatile markets where breakouts are common.
Pros and Cons
SuperTrendNew:
Pros:
- Adjustable ATR period and multiplier settings
- Alternative ATR calculation method using SMA
- Suitable for both long and short trades
Cons:
- Limited to trend-changing signals
- Requires manual intervention for optimal results
- Less reliable in highly volatile markets
EASY Robots:
Pros:
- Advanced multi-timeframe analysis (Trendopedia)
- High-frequency trading (Scalperology)
- Effective breakout strategy (Breakopedia)
- Robust risk management and backtesting
Cons:
- More complex to configure initially
- Higher cost due to advanced features
Optimal Conditions for Use
SuperTrendNew works best in trending markets where clear trend changes can be identified. Its adjustable ATR settings allow traders to customize their strategy based on current market volatility. It is particularly effective in forex pairs with moderate volatility.
Conclusion
In conclusion, while the SuperTrendNew strategy has its merits, the advanced features and reliability of EASY trading robots make them a better choice for serious traders. We strongly recommend considering EASY Trendopedia, EASY Scalperology, or EASY Breakopedia for a more profitable and reliable trading experience.
Source Code of SuperTrendNew
We do not have access to the original source code of the SuperTrendNew robot sold on MQL5, but we can create a code based on its description available on the MQL5 website. If users have any questions about the code, we encourage them to ask. Please note that this code is a sample from easytradingforum.com, based on the SuperTrendNew robot's description on MQL5. The EASY Trading Team does not sell the SuperTrendNew robot but has created a trading robot code based on its description.
Code:
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For more details and to download the SuperTrendNew strategy, visit SuperTrendNew Review - Optimized Forex Strategy for Realistic Results. If you have any questions regarding the code or strategy, feel free to reach out to us.