Trend and Counter trend Project

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Apr 15, 2024
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Introduction​


As a professional trader and MQL5 programmer from the EASY Trading Team, it's essential to provide an unbiased and thorough review of any trading robot we examine. Today we'll review the trading robot Trend and Counter trend Project, based on user feedback, particularly from Bob0511, who rated it five stars: The best gold EA I've come across. Thank you! We will compare this robot to one of our own from the EASY series, specifically the EASY Trendopedia, and analyze why our product is more profitable, reliable, and efficient.

Comparison with EASY Trendopedia​


When comparing Trend and Counter trend Project to EASY Trendopedia, several key points come to light.

Performance and Profitability:
While Trend and Counter trend Project shows potential, particularly in trading gold as mentioned by Bob0511, EASY Trendopedia is designed with a more versatile algorithm that adapts to various market conditions effectively. This adaptability has resulted in consistently higher returns for users over extended periods.

Reliability:
EASY Trendopedia benefits from rigorous backtesting and continuous updates, ensuring long-term reliability. Our team actively works to tune the algorithm based on real-time market feedback. In contrast, updates and support for Trend and Counter trend Project seem less frequent, which can impact its performance in evolving markets.

User Experience:
Our EASY robots come with detailed guides and extensive support from our team, making it easy even for novice traders to get started. While Trend and Counter trend Project is user-friendly to an extent, the user support and documentation fall short compared to the comprehensive resources provided by EASY Trading Team.

Pros and Cons​


Trend and Counter trend Project:
  • Pros:
    • Effective in trading gold.
    • Positive user feedback with a high rating.
  • Cons:
    • Less frequent updates.
    • Limited versatility in different market conditions.
    • Not as comprehensive user support.

EASY Trendopedia:
  • Pros:
    • High adaptability across different market conditions.
    • Rigorous backtesting and regular updates.
    • Extensive user support and detailed guides.
  • Cons:
    • May require a slightly steeper learning curve for absolute beginners.

Optimal Usage Conditions​


Trend and Counter trend Project shines in highly volatile markets, especially in trading gold. Its algorithms are fine-tuned to identify and capitalize on trend reversals, making it a valuable tool in specific scenarios where gold shows significant price movements.

On the other hand, EASY Trendopedia is highly adaptable and performs well in a variety of market conditions, not limited to just one asset class. This makes it an excellent choice for traders looking for a more all-encompassing trading solution.

Source Code of Trend and Counter trend Project​


It is important to note that the true source code of Trend and Counter trend Project is not publicly available. However, based on the description provided on the MQL5 website, it is possible to create a similar algorithm.

For those interested in learning more about algorithmic trading or developing their own trading robots, you can refer to the description and examples available on the MQL5 website and create a version that suits your trading strategy.

Code:
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Download Trend and Counter trend Project EA for Better Trading Outcomes​


For traders intrigued by the capabilities of the Trend and Counter trend Project EA, further details and the opportunity to download the EA can be found on the official website: Trend and Counter trend Project Download. Additionally, if you have any questions regarding trading algorithms or need assistance with coding, feel free to visit easytradingforum.com and join our community discussions.

In conclusion, while Trend and Counter trend Project has its merits, especially in the niche of gold trading, EASY Trendopedia offers a more robust and versatile solution for traders looking for long-term success and reliability. We encourage users to share their experiences and insights on our forum, helping each other grow and succeed in the trading world.
 

Attachments

  • Trend and Counter trend Project.mq5
    7.6 KB · Views: 0
It appears that the function 'close_ALL_if_loss_is_Greater_than MINUS X money' is malfunctioning since it indiscriminately closes all open trades without regard for the magic number. I mistakenly witnessed this while using multiple EAs on the same account, resulting in all trades being closed. This issue needs addressing to prevent such undesirable outcomes. Other than that, I truly appreciate the performance of the EA!