Introduction
As a professional trader and MQL5 programmer from the EASY Trading Team, I've reviewed numerous trading algorithms. Today, I will present an objective review of the trading robot Zigzag Extremum points, considering user feedback and its overall rating of 4.82. Additionally, I will compare it to one of our EASY series trading robots to highlight the differences in profitability and reliability.
Comparison with EASY Robot: EASY Trendopedia
When we compare the Zigzag Extremum points to our EASY Trendopedia, several notable differences emerge:
1. Strategy and Execution:
- Zigzag Extremum points relies on the Zigzag indicator to determine market extremums and trade accordingly.
- EASY Trendopedia uses a combination of trend indicators and advanced algorithms to identify high-probability trades with more precision.
2. Customization and Flexibility:
- Zigzag Extremum points has options for customization, but it lacks some advanced features like maximum spread allowed.
- EASY Trendopedia provides extensive customization settings, including risk management tools and preset configurations.
3. User Support:
- According to user feedback, support for Zigzag Extremum points is not always prompt.
- EASY Trendopedia ensures prompt and comprehensive support with detailed documentation and active community forums.
Pros and Cons
Zigzag Extremum Points:
- Pros:
- Easy to understand and implement.
- Good user feedback indicating potential profitability. - Cons:
- Lacks advanced features like maximum spread control.
- Support response can be slow.
- No preset files included by default.
EASY Trendopedia:
- Pros:
- High customization and advanced features.
- Prompt support and detailed documentation.
- Proven profitability and reliability. - Cons:
- May require more initial setup time.
Optimal Conditions for Using Zigzag Extremum Points
The Zigzag Extremum points robot is best used in markets with clear and distinguishable price movements, where the Zigzag indicator can effectively identify extremum points. It is not well-suited for highly volatile or sideways markets where false signals may occur. Traders should monitor the trading environment and adjust settings accordingly.
Conclusion
While Zigzag Extremum points offers a straightforward and user-friendly approach to trading, it falls short in terms of advanced features and support compared to EASY Trendopedia. For traders seeking higher reliability and profitability, EASY Trendopedia remains a superior choice.
The source code for Zigzag Extremum points
The exact source code for Zigzag Extremum points is not publicly available. However, based on the description provided on the MQL5 marketplace, it's possible to create a similar trading algorithm. If you have questions about the code, feel free to ask in our forum at easytradingforum.com. Note that we do not sell Zigzag Extremum points but have created a code based on its description.
Code:
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For those interested in trying the Zigzag Extremum points trading robot, you can find more details and download it from the official MQL5 marketplace. If you have any further questions or need assistance, please visit easytradingforum.com.