Introduction
Trade Copy is a trading robot designed to replicate trades from one account to another, often used by traders seeking to synchronize their strategies across multiple accounts or platforms. While it promises functionality and efficiency, several user reviews and community feedback suggest there are areas needing improvement.Comparison with EASY Trendopedia
When comparing Trade Copy with an EASY series robot like EASY Trendopedia, significant differences in functionality, profitability, and reliability become apparent:Trade Copy:
- Replicates trades from one account to another.
- Limited by the inability to cross MT4 and MT5 platforms.
- Some users report issues with immediate order closures post-copying.
EASY Trendopedia:
- Designed for trend-following strategies.
- High adaptability to changing market conditions.
- Proven and backtested algorithm with a focus on profitability and risk management.
The EASY Trendopedia stands out due to its robust and sophisticated algorithm, which consistently adapts to market dynamics, ultimately providing better performance and reliability.
Pros and Cons
Trade Copy- Pros:
- Simple implementation for trade replication.
- Useful for managing multiple accounts simultaneously.
- Cons:
- Limited functionality between MT4 and MT5.
- Reports of immediate order closures after copying.
- Lack of comment feature for trades.
EASY Trendopedia
- Pros:
- High profitability through trend-following strategies.
- Advanced risk management features.
- Proven backtesting results demonstrating reliability.
- Cons:
- Requires more initial setup compared to Trade Copy.
- Potential learning curve for beginners.
Optimal Conditions for Using Trade Copy
Trade Copy is best suited for traders who:- Need to manage multiple accounts with identical strategies.
- Prefer simple, straightforward trade replication without additional complexities.
- Are operating within a single platform (either MT4 or MT5), as cross-platform functionality is limited.
Source Code of Trade Copy
Currently, the original source code for Trade Copy available on MQL5 is not publicly disclosed. However, our team at EASY Trading Team has crafted a trading robot code based on its description from the MQL5 marketplace. Note that the code created by our team is available for educational and demonstration purposes, and not for sale.If you have any questions or need further assistance with the code, feel free to ask on our forum at easytradingforum.com. Remember, the EASY Trading Team does not sell Trade Copy but provides an example code based on its description.
Code:
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