Introduction
In the world of Forex trading, automated trading robots have gained significant popularity among traders. One such robot that has recently caught the attention of many traders is UniversalMA EA. However, its performance and reliability have been questioned, and in this review, we will take a closer look at how it compares to one of the top-rated trading robots from the EASY series.Comparison with an EASY Robot
For this comparison, we will use EASY Trendopedia. Right off the bat, let’s address a key concern raised by a trader, MetHarlock75, who expressed disappointment with UniversalMA EA's inconsistency in trend direction. This is a major issue because it reduces the reliability of the bot's trades.EASY Trendopedia, on the other hand, has been designed to accurately capture market trends. Its advanced algorithmic design allows it to recognize and adapt to the dominant market trend and execute trades accordingly, making it more consistent and reliable.
Furthermore, UniversalMA EA's interface has been criticized for being unintuitive, with the absence of arrows and lines which makes it challenging for users to understand what's happening. EASY Trendopedia, on the other hand, boasts an easy-to-use interface with a clear visual representation of trading signals.
Pros and Cons
UniversalMA EA
[+] Might excel under certain market conditions.
[-] Interface lacks clear visual representation.
[-] Likely to execute trades opposite to the market trend.
EASY Trendopedia
[+] High accuracy in capturing market trends.
[+] Easy-to-use interface with a clear visual representation.
[-] Like any other bot, it may occasionally face difficulty dealing with sudden market volatility.
Optimal Conditions for Usage
Despite its shortcomings, UniversalMA EA might find some success in certain market conditions, particularly where there's a strong trending market. However, due to its tendency to trade against the trend, this might be a risky strategy.EASY Trendopedia achieves its best performance in a market with dominant trends, thanks to its diligent trend-following algorithm. However, like any other trading robot, it may face challenges during periods of high market volatility.
Source Code of UniversalMA EA
It's crucial to note that the actual source code of the original UniversalMA EA is not available to us, as it is sold on the MQL5 marketplace. However, we can generate a code based on its description available on the MQL5 website. This is merely an example code offered by easytradingforum.com based on the description of UniversalMA EA.EASY Trading Team does not sell UniversalMA EA, and this code is made purely for educational purposes.
Code:
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We invite you to download and try this example code. If you have any queries about this code, feel free to ask on our forum. We encourage open discussion and are always ready to assist you. Remember, the stronger the community, the more we all can learn and profit.Having said this, I would like to remind you that both EASY Trendopedia and UniversalMA EA, like any other trading robot, should be used sensibly and with proper risk management. Happy trading!