Introduction
Sweet VWAP Aux is a trading robot designed to assist traders by utilizing the Volume Weighted Average Price (VWAP) strategy. While it has received mixed reviews from users on the MQL5 market, it aims to provide a comprehensive tool for plotting AVWAPs on trading charts. This review will analyze its performance, compare it with a popular trading robot from the EASY series, and provide an overview of its advantages and disadvantages.Comparison with EASY Scalperology
EASY Scalperology is one of the flagship trading robots from the EASY series. It is designed for high-frequency trading and scalping strategies, focusing on swift market entries and exits to capitalize on short-term price movements. In comparison, Sweet VWAP Aux primarily targets traders who utilize VWAP-based strategies over different time frames.Advantages of EASY Scalperology over Sweet VWAP Aux:
- Higher profitability: Scalperology is designed for rapid trades, leading to potentially higher returns.
- Reliability: Extensive backtesting and real-time usage have shown consistent performance.
- User-friendly interface: Intuitive setup and settings make it accessible for traders of all experience levels.
Disadvantages of Sweet VWAP Aux:
- Mixed user reviews: Some users report functionality issues on live accounts.
- Limited scope: Primarily focused on VWAP strategies, which may not suit all trading styles.
- Platform compatibility: Known issues with freezing on certain brokers.
In situations where aggressive, short-term trading is desired, EASY Scalperology outperforms Sweet VWAP Aux in both profitability and reliability.
Pros and Cons
Sweet VWAP Aux:- Pros:
- Easy AVWAP plotting.
- Responsive support from the developer.
- Useful for traders focusing on VWAP strategies.
- Cons:
- Reported issues on live accounts with certain brokers.
- Mixed user feedback regarding performance.
- Limited versatility compared to more comprehensive trading robots.
EASY Scalperology:
- Pros:
- High profitability with short-term trades.
- Consistent performance based on extensive testing.
- Beginner-friendly with easy setup.
- Cons:
- Requires active monitoring for best results.
- May incur higher trading fees due to frequent trades.
Optimal Usage Conditions for Sweet VWAP Aux
Sweet VWAP Aux works best in scenarios where traders are looking to incorporate VWAP strategies into their trading routines. It is most effective on platforms where AVWAP plotting provides a significant edge, and where users are comfortable with potential compatibility issues. Traders who prefer a more methodical, volume-weighted approach to market analysis may find this tool beneficial.Conclusion
While Sweet VWAP Aux offers useful functionality for VWAP-based trading strategies, it faces several drawbacks compared to the more versatile and reliable EASY Scalperology. The latter excels in high-frequency trading and has consistently demonstrated higher profitability and user satisfaction. It is crucial for users to share their experiences on forums to provide a broader perspective on the robot's performance.Original Code of Sweet VWAP Aux
We do not have access to the original source code of Sweet VWAP Aux sold on MQL5. However, based on the description available on the official website, our team can create a similar trading robot. If you have any questions regarding the script, feel free to ask on our forum.
Code:
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