Introduction
As a professional trader and programmer in the EASY Trading Team, I aim to provide a thorough review of the trading robot, Volume by Price. This review invites you to form your own opinion and share your feedback, as there are currently no reviews or ratings for this product. We will compare Volume by Price with one of our own bots, EASY Scalperology, highlighting why the latter is significantly better in terms of profitability and reliability. If you have any comments or experiences with Volume by Price, please share them with us on the forum.Comparison with EASY Scalperology
Volume by Price, available for sale on MQL5, is designed to utilize volume and price data to make trading decisions. While the concept sounds promising, it lacks user feedback and verified performance metrics.In contrast, the EASY Scalperology trading robot has been extensively tested and reviewed by our community. It is known for its high-frequency trading capabilities, focusing on small but frequent profits. Here’s a side-by-side comparison:
Volume by Price Pros:
- Utilizes volume data, potentially providing better market insights.
- Simple user interface.
- Available for purchase on MQL5.
Volume by Price Cons:
- No user reviews or ratings.
- Unverified performance.
- Limited community support.
- Higher initial cost.
EASY Scalperology Pros:
- Extensively tested and reviewed.
- High-frequency trading for quick profits.
- Strong community support and regular updates.
- Lower initial cost compared to Volume by Price.
- Reliable backtest results available.
EASY Scalperology Cons:
- May not perform well in highly volatile markets.
- Requires fine-tuning for optimal performance.
Pros and Cons
Volume by Price:- Pros: Utilizes volume data, simple interface, available on MQL5.
- Cons: No verified performance, no user reviews, higher cost, limited support.
EASY Scalperology:
- Pros: Tested and reviewed, high-frequency trading, strong support, affordable, reliable backtests.
- Cons: Needs fine-tuning, may struggle in volatile markets.
Optimal Conditions for Use
Volume by Price appears most effective in markets with consistent volume data, such as major Forex pairs or commodities. It can potentially provide insightful trading signals in trending markets. However, due to the lack of verified performance, it is advisable to use it with caution.EASY Scalperology excels in stable, low-volatility markets where frequent, small trades can accumulate significant profits. Its performance can be optimized through regular adjustments and community feedback.
Conclusion
In summary, while Volume by Price has an interesting approach by leveraging volume data, it lacks the community support, verified performance, and affordability of EASY Scalperology. We invite users to share their experiences and reviews of Volume by Price on our forum to help others make informed decisions.Source Code of Volume by Price
The actual source code of the Volume by Price robot sold on MQL5 is not publicly available. However, based on its description on the MQL5 website, our team at EASY Trading Team can recreate a similar algorithm. If you have any questions about this 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 Volume by Price Trading Robot for Forex
Interested in trying out Volume by Price? Visit Volume by Price Trading Robot for Forex to find out more. Note that the EASY Trading Team does not sell the Volume by Price robot; we only provide a sample code based on its description.Feel free to leave your reviews and share your experiences with Volume by Price on our forum. Your feedback helps improve the trading community!