Introduction
As a professional trader and MQL5 programmer from EASY Trading Team, I have had the opportunity to review various trading robots on the market. Today, we will delve into an analysis of the Tailor Ea, drawing insights from user comments and comparing it to one of the robots from our EASY series: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. We will examine the pros and cons of each robot and identify the optimal conditions for using Tailor Ea.
Comparison with EASY Robot: EASY Trendopedia
When comparing Tailor Ea with EASY Trendopedia, several differences become evident:
- Risk Management: Tailor Ea has been criticized for its risk management, notably by users like 'joshepthetrader' who pointed out that the risk default is stated as 5%, but actual losses can reach up to 15%. In contrast, EASY Trendopedia maintains strict risk parameters to ensure that losses do not unexpectedly exceed predefined limits.
- Profit Consistency: As noted by some Tailor Ea users, one significant loss can erase months of profits. EASY Trendopedia focuses on steady and consistent returns by leveraging robust trend-following algorithms that reduce the risk of large drawdowns.
- User Feedback: Tailor Ea has mixed reviews, with ratings ranging from 1 to 5 stars. EASY Trendopedia has consistently received high ratings due to its reliable performance and support from the development team.
- Support and Updates: While Tailor Ea does have some positive feedback regarding developer support, EASY Trendopedia offers continuous updates and dedicated customer service to address any issues promptly.
Pros and Cons
- Tailor Ea Pros:
- Good communication from the developer.
- Low-risk trading settings and news filter options.
- Initial tests show positive results.
- Tailor Ea Cons:
- Inconsistent risk management, with potential losses exceeding stated risk limits.
- Mixed user reviews, with some noting significant single trade losses.
- Performance can be volatile, leading to potential large drawdowns.
- EASY Trendopedia Pros:
- Strict and reliable risk management.
- Consistent profit generation with minimal drawdowns.
- Highly positive user feedback.
- Continuous updates and excellent customer support.
- EASY Trendopedia Cons:
- May require a more significant initial investment compared to Tailor Ea.
- Performance is dependent on trending markets.
Optimal Conditions for Using Tailor Ea
Tailor Ea performs best under specific market conditions:
- Stable Market Conditions: Tailor Ea can be more effective when the market is stable without significant volatility.
- News Filter: Using the news filter feature can help tailor Ea avoid trading during high-impact news events, which can reduce the risk of large, unexpected losses.
However, users should be aware of the potential for large drawdowns and should use it with caution, especially in volatile markets.
Source Code of Tailor Ea
We do not have access to the original source code for Tailor Ea, as it is a proprietary product sold on MQL5. However, based on the description and features outlined on the MQL5 website, we can create a similar code. If you have any questions regarding the code, feel free to ask on our forum.
Code:
You don't have permission to view the code content. Log in or register now.Download Tailor Ea - Source Code Example from easytradingforum.com
For those interested in exploring a similar trading robot, we provide an example of the code based on the Tailor Ea description. Note that EASY Trading Team does not sell Tailor Ea; we have simply created this code as an educational resource. If you have questions or need further assistance, join our community and share your thoughts.
We encourage users to share their experiences and insights with Tailor Ea on the forum to help others make an informed decision.