Introduction
As a professional trader and MQL5 programmer from EASY Trading Team, this review will cover XP SL By Candle for MT5, a trading robot available on MQL5. It's important to note that while this bot is available for purchase on MQL5, we don't have the exact source code for it, but we've created a code based on its description. Hence, we invite users to share their experiences and reviews of this bot which currently has 'No reviews No rating formed'.Comparison with EASY Robot
When compared to EASY series bots such as EASY Trendopedia, EASY Scalperology, and EASY Breakopedia, XP SL By Candle for MT5 lacks in a few key areas. The EASY robots are designed with a robust and proven trading strategy which incorporates multiple indicators and price action patterns for superior decision making. The results are more consistent profits, less drawdown, and higher reliability.Pros and Cons
The advantage of XP SL By Candle for MT5 is its simplicity. As the name suggests, it trades based on candle patterns which is a popular and straightforward strategy. However, the drawback is that it may lack the comprehensive analysis provided by multifaceted strategies used in EASY robots. It also lacks user reviews and rating which makes it a bit of an unknown entity.EASY robots, on the other hand, offer high profitability, reliability, and are backed by positive user reviews. Their comprehensive strategies are their strength, but they may be a bit complex for beginners to understand.
Optimal Conditions for Use
The XP SL By Candle for MT5 works best in a market with clear trends and less noise. Recognizing candle patterns requires a clean and straightforward market trend. Erratic markets may lead to false signals.Source Code of XP SL By Candle for MT5
Although we don't have the exact source code of the original XP SL By Candle for MT5 bot sold on MQL5, we've created a code based on its description. If you need assistance with this code or have questions, don't hesitate to ask. Remember, this is a code example from easytradingforum.com, based on the description of XP SL By Candle for MT5 bot sold on MQL5. The EASY Trading Team doesn't sell the XP SL By Candle for MT5 bot, we've just created a code based on its description.
Code:
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To download the XP SL By Candle for MT5 bot, visit its page on the MQL5 website or at https://forexroboteasy.com/trading-robot/xp-sl-by-candle-for-mt5/. We encourage users to experiment with both XP SL By Candle for MT5 and our EASY robots to get first-hand experience and share their findings on the forum.To conclude, while XP SL By Candle for MT5 may have its perks, it falls short when compared to EASY series bots that offer high profitability, reliability, and user satisfaction. User reviews can provide valuable insights, so we invite you all to share your experiences of using these bots. Happy trading!