Introduction
Trend Hunter is an automated trading bot popular in the forex market for its able trend monitoring abilities. Judging by the user reviews and comments, it appears to have gained a good reputation among traders. However, as a professional trader and a member of the EASY Trading Team, I find it necessary to provide a comprehensive review of this bot to help seekers of efficient trading tools. Our comparison point for this review will be one of our EASY series robots: EASY Trendopedia.Comparison with the EASY Robot
First, let's draw a comparison between Trend Hunter and our EASY Trendopedia. While the Trend Hunter focuses primarily on trend identification, the EASY Trendopedia goes a step further by incorporating distinct features for recognizing price actions and providing precise entry and exit points. This significant distinction makes EASY Trendopedia more profitable and reliable in comparison to Trend Hunter.Pros and Cons
Trend Hunter:- Pros: Excellent for trend identification, supportive customer service, affordable.
- Cons: Limited features compared to EASY Trendopedia, heavy reliance on market trends.
- Pros: Identifies price action, provides precise entry and exit points, better profitability and reliability.
- Cons: Slightly more expensive than Trend Hunter, requires some knowledge on price action analysis.
Optimal Conditions for Use
Trend Hunter seems to perform best in markets with a clear trend direction. The ability to identify trends accurately allows users to make significant profits during trend formations. However, its functionality might be limited during periods of market consolidation, unlike EASY Trendopedia that performs optimally under any market condition.Source Code of Trend Hunter
An important point to keep in mind is that we do not know the real source code of the original bot sold on MQL5. However, we can create a code based on the bot description provided on the selling platform. Please note that the example code provided on easytradingforum.com is based on the Trend Hunter description, and EASY Trading Team does not sell Trend Hunter.
Code:
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If you are interested in getting more information about Trend Hunter, you can visit the official website. For any questions concerning the coding, feel free to ask, and remember the code is a creation based on the description, not the actual one.In conclusion, while Trend Hunter is a valid tool for trend trading, EASY Trendopedia offers a more comprehensive solution for various market conditions. The choice ultimately depends on the trader's preference and trading strategy. We encourage users to share their views and experiences on the forum to enhance our understanding and make better trading decisions.