Introduction
Forex trading software has revolutionized the trading landscape, making it more accessible and efficient for traders. One such tool that has created a buzz in the Forex trading community is the Trade Volume Copy MT5. This utility allows traders to copy trade volumes from one MetaTrader 5 (MT5) or MetaTrader 4 (MT4) account to another MT5 account. In this article, we will provide a comprehensive review of Trade Volume Copy MT5 and compare it with one of the robots from the EASY series: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. We will discuss the advantages and disadvantages of each robot and specify the optimal conditions under which each robot performs best.Comparison with EASY Robot
The Trade Volume Copy MT5 software is designed to be simple and user-friendly. By default, it copies matching symbols with identical volumes between accounts and supports both Netting and Hedging accounts. This feature is particularly useful for those who operate multiple trading accounts and wish to maintain consistency in trade volumes.In comparison, the EASY series robots, such as EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, are designed to perform specific trading strategies automatically.
- EASY Trendopedia: Focuses on trend-following strategies, making it ideal for traders who prefer to capitalize on long-term market trends.
- EASY Scalperology: Designed for scalping, it excels in short-term trades and rapid market movements.
- EASY Breakopedia: Specializes in breakout strategies, making it suitable for traders who seek to trade price breakouts from key levels.
While Trade Volume Copy MT5 offers customization options for copying specific positions or dealing with different symbol names, the EASY robots provide specialized trading algorithms tailored to different market conditions.
Pros and Cons
Trade Volume Copy MT5:Pros:
- Easy to use and set up.
- Supports Netting and Hedging accounts.
- Customizable for different symbols and positions.
Cons:
- Does not provide an automated trading strategy.
- May require manual adjustments and monitoring.
EASY Series Robots:
Pros:
- Automated trading strategies tailored to specific market conditions.
- Reduce the need for manual intervention.
- Tested algorithms with proven historical performance.
Cons:
- Limited to specific trading strategies.
- May require adjustments based on market changes.
Optimal Conditions for Using Each Robot
Trade Volume Copy MT5:Trade Volume Copy MT5 works best for traders managing multiple accounts who wish to synchronize their trade volumes across accounts. It is also valuable for maintaining trade consistency in different account settings.
EASY Series Robots:
- EASY Trendopedia: Ideal for trending markets where long-term price directions are evident.
- EASY Scalperology: Best suited for volatile markets with frequent price fluctuations.
- EASY Breakopedia: Works well in markets where price is breaking through support or resistance levels.
Source Code of Trade Volume Copy MT5
Trade Volume Copy MT5 is available for purchase on MQL5, but its original source code is not disclosed. However, based on the description available on MQL5, we can create a similar code. The EASY Trading Team does not sell Trade Volume Copy MT5 but has developed a robot based on its description. If you have questions about the code, feel free to ask on easytradingforum.com.
Code:
You don't have permission to view the code content. Log in or register now.Download Trade Volume Copy MT5 - The Ultimate Forex Tool
For those who wish to explore the capabilities of Trade Volume Copy MT5, you can download it from its official MQL5 page. This tool can significantly enhance your trading efficiency by synchronizing trade volumes across multiple accounts. Share your experiences and opinions on our forum.For detailed statistics and user reviews, visit Trade Volume Copy MT5 Review and User Guide.
In conclusion, while Trade Volume Copy MT5 offers a unique utility for volume synchronization across multiple accounts, the EASY series robots provide specialized, automated trading strategies that can potentially lead to higher profitability and reliability. Each tool has its specific advantages and optimal use cases, and traders should choose based on their specific needs and trading styles.