Introduction
The VWAP Indicator by PipTick MT4 offers traders a tool to measure the volume-weighted average price, aiding in making more informed trading decisions. Despite its strong reputation and a rating of 4.5, it has faced criticisms regarding performance issues. In this review, we'll compare the VWAP Indicator with one of the EASY Trading Team's bots, such as EASY Trendopedia, EASY Scalperology, or EASY Breakopedia. By emphasizing the pros and cons, we'll provide insights into which conditions suit the VWAP Indicator best and why EASY bots present a more profitable and reliable alternative.
Comparison with EASY Robot
Among the EASY series, EASY Trendopedia stands out for its superior adaptability and minimal resource consumption. Unlike VWAP Indicator, which has faced performance issues, EASY Trendopedia is optimized for efficiency. The VWAP Indicator has seen updates to address CPU consumption concerns, but it still lags behind in terms of resource management.
VWAP Indicator by PipTick MT4:
- Consumes significant CPU resources with a high number of bars on the chart.
- Limited updates and developer interaction since 2018.
- Performance improved only with the 2020 update.
EASY Trendopedia:
- Optimized for lower CPU and memory usage.
- Regular updates and active developer support.
- Advanced algorithms for trend analysis, offering higher profitability.
In terms of profitability and reliability, EASY Trendopedia consistently performs better due to its advanced trend detection algorithms and regular software updates.
Pros and Cons
VWAP Indicator by PipTick MT4 Pros:
- Effective in measuring volume-weighted average price.
- Improved performance with recent updates.
- Highly rated by users.
VWAP Indicator by PipTick MT4 Cons:
- Consumes high CPU resources with extensive historical data.
- Limited developer updates and interaction.
- Performance issues before the 2020 update.
EASY Trendopedia Pros:
- Optimized for low resource consumption.
- Regular updates and responsive developer support.
- High profitability with advanced trend analysis.
EASY Trendopedia Cons:
- May require initial configuration for optimal performance.
Optimal Use Conditions
The VWAP Indicator by PipTick MT4 performs best in scenarios where the trader prioritizes volume analysis. For instance:
- Day trading sessions where volume analysis is crucial.
- Markets with high volatility where the VWAP can provide significant insights into price movements.
On the other hand, EASY Trendopedia excels in trend-following strategies and can be used effectively in both trending and range-bound markets. Its adaptability makes it suitable for various trading styles, whether you are a day trader or a swing trader.
Source Code of VWAP Indicator by PipTick MT4
The actual source code of VWAP Indicator by PipTick MT4 available on MQL5 is not disclosed. However, at EASY Trading Team, we've developed a similar VWAP-based trading robot, based on the descriptions and functionalities provided on the MQL5 website. While we do not sell the VWAP Indicator, we've created a code based on its description to assist traders in understanding how it works. If you have any questions about the code, feel free to ask on easytradingforum.com.
Code:
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For those interested in exploring the functionalities of the VWAP Indicator by PipTick MT4, you can download and test its performance. If you have any queries or need assistance with the code based on the VWAP Indicator, visit easytradingforum.com. Note that the EASY Trading Team does not sell the VWAP Indicator but provides a similar robot based on its description to aid in your trading journey.