Category: Forex Service Review

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Forex Service Review

DowJones Supertrend H1 Trading Robot Review

DowJones Supertrend H1 is an automated system created in August 2019 by developer Marek Kupka. This EA has been specially developed to trade the DOW JONES (US30) in H1 timeframe. Everything is checked and ready to be used immediately in a real account. There is even a real account trading with this EA on the […]

DowJones Supertrend H1 is an automated system created in August 2019 by developer Marek Kupka. This EA has been specially developed to trade the DOW JONES (US30) in H1 timeframe. Everything is checked and ready to be used immediately in a real account. There is even a real account trading with this EA on the […]

DowJones Supertrend H1 is an automated system created in August 2019 by developer Marek Kupka. This EA has been specially developed to trade the DOW JONES (US30) in H1 timeframe. Everything is checked and ready to be used immediately in a real account. There is even a real account trading with this EA on the Darwinex website, which is a positive point as we can know beforehand how the EA works before purchasing it.

This Expert Advisor is based on the breakout of the pivot line. It uses pending STOP commands with fix stop loss and ATR take profit. For more benefits, there is also a final benefit feature always. At 9:00 pm the EA closes trade every Friday to avoid any gaps that may occur in the opening of markets on Monday after certain news or events.

You have to adjust these times to your broker’s time, as the preset values in the EA are only for UTC+1. For each candle the pending orders are modified to adapt the market behavior. Everything is already configured for the H1 time frame. You just need to set the lot size depending on the amount of capital in relation to the expected risk.

This EA has been tested in over 12 years of history in M1 FUTURES DATA and verified in REAL TICK DATA broker with 99% modeling quality. There is no need to configure the parameters, all settings are already optimized and adjusted, so the user only needs to modify the time of your broker, nothing more.

Some features of this EA are:

IS/OOS tests. Slip test. Test in another market to verify the edge.

Test on shorter and shorter timeframes. Robustness tests, Monte Carlo Simulations of Randomize Trade Order. Randomly jumping trades. Randomize strategy parameters. Randomize history data – volatility changes. Sensitivity for propagation and sliding. Walk ahead matrix – verify how the strategy is adaptable to a wide range of market conditions.

The recommendation that the developer makes, and that we think is correct, is the diversification of several EA s that function with different assets and different time spaces. This way the strategy portfolio works better together.

For the use of any EA, it is always recommended a broker with small latency and slip, for better performance. In using Dow Jones Supertrend H1 there is no need to use a large account, it works perfectly with small accounts.

Characteristics of this EA:

  • Every operation is protected by Stop Loss
  • No martingale, no grid, no scalp, no cover, no latency, no arbitration
  • No excessive consumption of CPU resources
  • Easy to use configuration
  • All settings are optimized
  • Long-term strategy
  • If the user has any doubts, customer service is available

Settings:

Batches = 0.01 – set the size of the current batch, adjusted by the size of its capital.

Magicnumber = 2163 – Trade ID.

Custom Comment = DOW JONES Supertrend H1 – custom comment in the story.

Email notification on trade = false – if you open an operation, you will be sent an email; you need to set up an SMTP server on Metatrader 4.

Showing Fopanel = true – enable or disable the information panel in the chart.

In short, we are talking about an EA that has only been on the market for a short time and that does not at the moment have comments from users who have already tested its operation. Readers can check the profitability of this developer’s strategies on the Darwinex page by searching for the user “hankeys”.

It is also possible to test this EA by downloading the demo version that is available on the MQL market, and if you want to buy it, its price is 99 USD.

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Forex Service Review

Automated Actual SR for EUR/USD Review

Automated Actual SR for EURUSD is an indicator created in October 2014 by developer Yohana Parmi. This indicator has a special technique to determine the levels of Support (demand) and Resistance (supply). Unlike the ordinary form we see in the network, this indicator has an original concept to determine these levels. The original technique was […]

Automated Actual SR for EURUSD is an indicator created in October 2014 by developer Yohana Parmi. This indicator has a special technique to determine the levels of Support (demand) and Resistance (supply). Unlike the ordinary form we see in the network, this indicator has an original concept to determine these levels. The original technique was […]

Automated Actual SR for EURUSD is an indicator created in October 2014 by developer Yohana Parmi. This indicator has a special technique to determine the levels of Support (demand) and Resistance (supply). Unlike the ordinary form we see in the network, this indicator has an original concept to determine these levels.

The original technique was not copied from the Internet, and it has never been cited on the Internet either. This indicator will automatically select the SR level according to your negotiation style. Although it is changing the time frame, the SR level will remain in your position. This is because the actual SR is not obtained from the time frame you use.

This indicator has comprehensive tools for trade needs, for example:

-Real support and resistance.

-Market Sentiment for the news event and the central banks’ speech.

-Current trend today, including a suggestion to place positions.

-Automatic level trend lines for SR, Breakout, and Breakdown. 

-Daily price jump and drop in the middle and maximum range (news events).

-Average price and maximum jump/ drop in H4 time frame (news events).

-Oversold and oversold, displayed at the same time for the H1, H4, Daily, Weekly and Monthly scales.

Why use this indicator?

SR levels here are a real level, and are not obtained from the time frame as usual. It is the main indicator, RS levels are available before the price reaches there, and it is not repainted and is not delayed either.

This indicator has been designed to create a business plan for any currency pair, metals and stock in Metatrader 4. You no longer need to be busy drawing on the chart, because this indicator will help you work automatically and all the instruments complement each other. This indicator will help you select which SR for short-term operations and/or Swing.

Finally, you will have plenty of time to review the market, including market sentiment and the creation of a business plan.

Some of the most important input parameters are:

Currency Pair Suffix – If your currency pair has a suffix, for example, EUR/USD, enter with m. Leave blank if your currency pair does not have a suffix. By default it is empty.

SR Style – Choose your style of trade: Swing, or short-term.

Use Bar Chart – Chart Type for A2SR is designed to use in bar chart when the price reaches level SR. By default it’s true.

Other key parameters include…

  • Show real SR – Show real SR according to negotiating style. 
  • Show trend – Show trend today and the suggestion to place position. 
  • Display arrow near strong SR (H4 only)
  • Arrow Size – The arrow size. Default is 4.
  • Push Notification – Alert when the price reaches SR level. 
  • Display alert on screen – The default is false.
  • Show Jump/Drop (H4, Daily, Weekly) – The default is true.
  • Weekly color movements – Default is clrBlue.
  • Show OB/OS – The default is true.
  • Show trendline SR and Break – The default is true.
  • Trendline selectable – SR can be selected for semi-automated EA.
  • Show Early Sign Breakout/down – The default is true.
  • Show text before signal break – Default is false.
  • Display index USD/EUR – The default is true.
  • Left margin for IDX position – Default is 600 px.
  • Lower margin for IDX position – Default is 75 px.
  • Initial range before break view H1 – A range for the next break area.

In short, we are talking about an indicator that will help us to detect the supports and the resistors in the graphs of the different financial assets. It is an indicator suitable for all types of traders as it is a very easy-to-understand indicator.

The ratings that we have found from users who have already tried this tool are, in general, quite positive, because it facilitates quite the task of the level detection trader. This indicator is available in the MQL market and its selling price is 99 USD. You can also rent it for 1 month at the price of 50 USD and try its free demo version.

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Forex Service Review

Big Breakout EA Robot Review

The Big Breakout EA robot uses an automated break-up strategy that was developed with the goal of converting a $250 account into a $10 million account. Logically, this objective is exaggeratedly high, so we set out to see what additional information we could find about this expert advisor.  Looking at the website, we see that […]

The Big Breakout EA robot uses an automated break-up strategy that was developed with the goal of converting a $250 account into a $10 million account. Logically, this objective is exaggeratedly high, so we set out to see what additional information we could find about this expert advisor.  Looking at the website, we see that […]

The Big Breakout EA robot uses an automated break-up strategy that was developed with the goal of converting a $250 account into a $10 million account. Logically, this objective is exaggeratedly high, so we set out to see what additional information we could find about this expert advisor. 

Looking at the website, we see that the robot we’re analyzing was developed by a person named Adam Johnson. Certainly not well known is this Adam Johnson in the automated robot industry, so he must be a relatively unknown trader.

In the statement of results of this system, third-party verification is shown. In this case, a screenshot of a Myfxbook account. We cannot interact with the screen; it is an image, so we cannot be sure that this account exists or that its results have changed significantly.

Such results can be misleading, and we certainly have to be careful, especially when we are talking about a relatively new EA on the market. We noticed that the system works with only two currency pairs, EUR/USD, and GBP/USD. On average, it trades daily and promises to make returns of around 30% per month.

The Big Breakout EA uses six entry strategies:

-Zigzag

Change each break in the top and bottom of the Zigzag indicator.

-1-2-3

Change the break of a 1-2-3 formation of the Zigzag indicator.

-1234

Change the break of a 1234 structure of the Zigzag indicator.

-Breakdown of the fractals

Change all fractal indicator breakdowns.

Breakdown of the candles

Change the breakdown of the high or low X bars of the last X bars.

Breakdown of the inner bar

Changes the interior bar pattern breakdown.

At present, we could not recommend this advisor, as concerning the results, there is no evidence that they are real, and we do not like that the screenshot of Myfxbook is not interactive and accessible to consult more data from the system.

As a positive aspect, say that the user can install Big Breakout EA in an unlimited demo and live accounts. The developer offers a free demo version, and the full version costs 79.90 Swiss francs.

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Forex Service Review

Heiken Ashi Smoothed EA Review

In Japanese,  Ashi means “rhythm”, and Heiken means “average”. Heiken Ashi candles actually look like Japanese candles, but the benefits of using an EA with the softened Heiken Ashi indicator is that they show significant trends and eliminate a lot of noise at the same time, and thus omit a good number of failed entries. […]

In Japanese,  Ashi means “rhythm”, and Heiken means “average”. Heiken Ashi candles actually look like Japanese candles, but the benefits of using an EA with the softened Heiken Ashi indicator is that they show significant trends and eliminate a lot of noise at the same time, and thus omit a good number of failed entries. […]

In Japanese,  Ashi means “rhythm”, and Heiken means “average”. Heiken Ashi candles actually look like Japanese candles, but the benefits of using an EA with the softened Heiken Ashi indicator is that they show significant trends and eliminate a lot of noise at the same time, and thus omit a good number of failed entries. There are a lot of traders who use Heiken Ashi as their primary indicator, which means they make in and out based on what these bars tell them.

The general rule with the Heikin Ashi Smoothed indicator is when you get two bars in the same color as you are trading in that direction and leave when two investment bars are going against you.

Unlike the traditional indicator Heiken Ashi, with the EA Heiken Ashi Smoothed candles are independent candles, in the sense that they are calculated based on the above formula, but with the use as information inputs of previous candles that makes it slower and slower. Due to the nature of Heiken Ashi candles, as these use an average price may be that the case of this indicator does not reflect the most recent price, and this is one of the reasons why it is not recommended for scalping, working better in trades in the long term.

As the name of the EA suggests, it makes the trend smoother and more comfortable to detect, and that is why it is more suitable for trend operators. One of the critical features of the robot Heiken Ashi Smoothed is that both in an uptrend or downtrend usually have very few candles, because in most cases, there are no lower shadows, while extreme rising shadows are posed.

Service Cost

This Robot, like all Quivofz, has a free basic version and two other versions called Advanced and Pro, which cost 29.90 and 39.90 Swiss francs, respectively.

Heiken Ashi EA Rules

The EA for MT4 smoothed Heiken Ashi is really an indicator designed as an independent trading system, but in order to improve the performance of the indicator, as it is going to add the moving average of 200 periods because the MA 200 is considered to represent one of the most reliable and price-friendly moving averages. An effective trading system is therefore established using the Heiken Ashi Smoothed indicator in combination with the 200-day MA.

BUY and SELL Trading Rules

The EA only makes purchases above the moving average of 200 periods, once you have two Heiken Ashi candles pointing to the top. On the contrary, the EA will sell only below 200 days MA once we have two Heikin Ashi candles looking to the disadvantage.

Stop Losses

For stop-loss orders, the EA uses traditional candle prices in combination with Heiken Ashi candles. In this sense, for the purchase configurations, we put our SL under the last candles, where we had red Heiken Ashi candles, and for the sales configurations, we put our SL over the last candles where we had blue Heiken Ashi candles.

Rules of Taking Profit

The EA gets benefits once it breaks in the opposite direction of the moving average of 200 periods. We have seen examples, where we have the Heiken Ashi Smoothed indicator and could have caught the trend in EUR/USD. As for profit-taking, we can always use the Heiken Ashi Smoothed candlesticks to detect an investment, because it does an excellent job of warning us in advance of a possible change in trend and can consider this as an alternative to the proposed rules.

Time Frames

Technically speaking, you can use this EA for all available time frames. However, the shorter the time frame, the more fluctuations and possibly more false entries that can cause small losses, and that can bring your portfolio down quickly, will be seen. We recommend that you use higher time frames like 4H for better consistency.

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Forex Service Review

Currency Strength 28 Pro Review

The Currency Strength28 indicator is original because a series of its own features and a new formula have been incorporated into its development. These features have been designed to help make their use easier for the user, and not only to identify which currencies are strong and weak, but also to show when the time […]

The Currency Strength28 indicator is original because a series of its own features and a new formula have been incorporated into its development. These features have been designed to help make their use easier for the user, and not only to identify which currencies are strong and weak, but also to show when the time […]

The Currency Strength28 indicator is original because a series of its own features and a new formula have been incorporated into its development. These features have been designed to help make their use easier for the user, and not only to identify which currencies are strong and weak, but also to show when the time is right to trade, and when it is not time to negotiate and it is better to take profit.

The Currency Strength28 indicator works on all 28 currency pairs. It contains several formulas, and many new features in Forex, such as, the timing of the market, and the market according to Fibonacci, an indicator that alone adapts to the current market.

When you learn to use your own features such as the market moment and Fibonacci lines of the market, you can say that you are negotiating in favor of the trend, a continuation of the trend, or a pullback. The strength lines of currencies are very smooth in all time frames and work very well when you use a higher time frame to identify the overall trend, and then using the shorter time frames to identify precise entries in the short term.

Why Currency Strength28 is a genuine indicator:

The Currency strength28 indicator is built with an underlying algorithm and makes it even easier to identify and confirm potential transactions. This is because it graphically shows whether a coin’s strength or weakness is accelerating or not and measures the speed of that acceleration. It’s like thinking about the speedometer in your car. When things accelerate they obviously happen faster, which is what often occurs in the currency market, that is, if you pair a currency that is accelerating with a currency that is slowing down, you have identified a potentially profitable trade.

This acceleration and deceleration can be used by both swing traders and scalping traders. For swing, operations are shown when a new trend has skyrocketed and scalpers, it shows which pairs will have movement. The developers of the indicator claim that, from their experience, the two indicators work very well together.

The current version of the indicator includes further improvements, such as:

  • Buttons for a couple of quick changes (new chart or the same chart)
  • Name of the currency labeled at the end of the lines
  • More options of color
  • Reset time Mfib editable

The new features are:

Setting multiple time intervals. This allows you to see more time frames on the same chart, that is, you could have H1, M15, and M5 all visible on the same chart. You have full flexibility to choose from the nine different time frames available so you can customize the settings to suit your trading style.

New visual settings to hide funds, hide markets.

Rules have been added on how to use the indicator several times in the same chart.

In short, this is a really interesting indicator, which can be used as a strategy by itself. The indicator was created in December 2018, and since then has received numerous positive reviews from its users, so we understand that it is a recommended product. In addition, developers are in charge of making continuous updates to improve the product and keep it up to date.

This indicator can be found in the MQL market for only 68 USD, you can also rent it for one month for 28 USD and make use of the free trial version.

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Forex Service Review

Forex Cyborg Review

Forex Cyborg is an automated foreign exchange trading bot that is designed to work with the MT4 trading platform. This bot, implemented through the platform, aims to produce a rate of return of about 75% on a variety of higher currency pairs. Forex Cyborg is designed for professional traders. In this review, we will analyze the main functions and features of the bot, and see if it can be beneficial for your business activity.

Forex Cyborg is an automated foreign exchange trading bot that is designed to work with the MT4 trading platform. This bot, implemented through the platform, aims to produce a rate of return of about 75% on a variety of higher currency pairs. Forex Cyborg is designed for professional traders. In this review, we will analyze the main functions and features of the bot, and see if it can be beneficial for your business activity.

Forex Cyborg is an automated foreign exchange trading bot that is designed to work with the MT4 trading platform. This bot, implemented through the platform, aims to produce a rate of return of about 75% on a variety of higher currency pairs. Forex Cyborg is designed for professional traders. In this review, we will analyze the main functions and features of the bot, and see if it can be beneficial for your business activity.

How does Forex Cyborg work?

Forex Cyborg is very simple and easy-to-use software. However, the processes used are complex and have been developed by a team of traders and programmers. This ensures that you will receive a very efficient and apparently profitable forex robot.

Once the software has been downloaded, it must be activated within your Metatrader 4 platform, Forex Cyborg will take care of everything, starting with the opening of operations, the setting of the appropriate stop loss, and the adjustment and closing of transactions at the best time. Forex Cyborg can trade up to 18 currency pairs simultaneously. It uses 15-minute time frames and works in both the desktop and mobile versions of MT4.

The Forex Cyborg system is well tested. Developers have been able to include a simulator that predicts what may happen during real-time trading.

How much is Forex Cyborg?

Forex Cyborg has two packs. The first one is called Cyborg Gold Forex and is priced at 499.99 €. Once purchased, you can add the EA to your MT4 whenever you want, and you will also have unlimited support, updates, and functionality in a demo account.

If you want to use Forex Cyborg in more than one trading account, you will have to buy the Premium package that costs €599.99. This price gives you access to all the features of the Gold package, but with three licenses for real accounts.

The Premium package is ideal if you are working with a group of traders and want to implement a uniform automated strategy.

When should I use Forex Cyborg?

This Forex bot is primarily aimed at professional traders. The reason is that the robot can trade up to 18 simultaneous currency pairs, and additionally has neural networks and deep learning algorithms. The system is fully automated and attached very easy-to-follow instructions; therefore it is very accessible and easy to use.

Advantages of Forex Cyborg

Forex Cyborg is fully automated, and this means that you do not need to be active at any point in the trading process to get a positive return. This EA is more expensive than other robots, but keep in mind that Forex Cyborg offers support and upgrades for a lifetime. The Cyborg Premium Forex package applies to three trading accounts, and this is perfect for professional traders or trading groups.

Disadvantages of Forex Cyborg

Forex Cyborg does not offer a free trial but provides us with a demo account and a 30-day money-back guarantee. The robot does not trade in pairs of minor or exotic currencies.

Ease of Use

Forex Cyborg is an extremely easy-to-use system. The bot interface is easy to navigate and, when the software is downloaded and active on your MT4 platform, the entire process is fully automated.

Installation instructions are straightforward to follow. This will allow you to start trading as soon as possible. The two Forex Cyborg packages come with unlimited lifetime support, so if you ever have a problem, you can contact the support team.

Conclusion

Forex Cyborg is a professional foreign exchange trading bot that has the ability to trade with a good amount of assets at the same time. With this robot capability, we understand that it has a reasonable price, and seems to work with confidence and a high degree of transparency. Forex Cyborg offers a very high rate of return, and this is demonstrated in extensive real retrospective tests.

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Forex Service Review

Price Breakout Pattern Scanner MT4 Review

Price Breakout Pattern Scanner MT4 is located on the MQL5 marketplace under the indicators heading. It was created by Young Ho Seo and was first uploaded to the marketplace on the 27th of June 2014, it has had a large number of updates, the most recent update was on the 24th of May 2019 and […]

Price Breakout Pattern Scanner MT4 is located on the MQL5 marketplace under the indicators heading. It was created by Young Ho Seo and was first uploaded to the marketplace on the 27th of June 2014, it has had a large number of updates, the most recent update was on the 24th of May 2019 and […]

Price Breakout Pattern Scanner MT4 is located on the MQL5 marketplace under the indicators heading. It was created by Young Ho Seo and was first uploaded to the marketplace on the 27th of June 2014, it has had a large number of updates, the most recent update was on the 24th of May 2019 and it is currently on version 7.1.

Overview

Price Breakout Pattern Scanner MT4 is an indicator for the MetaTrader 4 trading platform, it is fully automated and will look for various patterns within the markets.

The indicator can display a large number of different patterns:

  • Head and Shoulder
  • Reverse Head and Shoulder
  • Double Top
  • Double Bottom
  • Triple Top
  • Triple Bottom
  • Triangle
  • Rising wedge
  • Falling wedge
  • 52 Candlestick patterns including the Price Breakout Pattern Scanner can detect 52 different bearish and bullish candlestick patterns including hanging man, shooting star, engulfing, doji, Harami, etc.

There are also a number of parameters available that you can alter to change the way that the indicator works and for which sort of pattern it will be looking for. It also has options to show things like support and resistance levels, the max number of patterns to display, and more.

Service Cost

The indicator can be purchased with a one-off payment of $150, this will give you up to 5 activations and does not come with any additional limitations, there is also the option to rent it, this can be done on a monthly basis and will cost you $30 per month.

A free demo version is also advertised on the site, the details of the free version are not known, it will have some limitations but we are not sure what they are at this point in time.

Conclusion

At the time of writing, there are 13 reviews from users who have purchased or rented the indicator, giving it an overall rating of 3.4 out of 5.

“Spent 600 dollars to buy Young Ho Seo several indicators, before finding the problem, to find Young, Ho, Seo communication, he will send a lot of PPT to you, I seriously spent 1 months to read, and the problem is still unsolved! I think a lot of websites, $1-20, can do that. I think it’s a waste of money. The reason for the loss of confidence in the Young Ho Seo is the greater the signal he sees. The index would not have made such a bad EA signal if it were really helpful!” – A 1-star review.

“I bought your system and help me very much to improve my trading skills. Make an excellent work.” – A 1-star review.

“After using it for many months, I can say its nothing great. Use an auto trendline indicator ( available free on the net) which is 10 times better then this.” – A 1-star review.

There is a mix of opinions when it comes to the indicator, the majority are positive but there are some negatives in there too. There are over 200 comments, the creator has been very active in responding to them and has been offering a good quality of customer support which is great to see.

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Forex Service Review

Profit Trend V-EA Review

Profit Trend is located within the Experts category of the MQL5 marketplace, it was first uploaded to the marketplace on the 12th of March 2020 by its creator Michal Wolny, it was uploaded as version 2.0 and has not had any updates since, so the software still sits at version 2.0. Overview Profit Trend was […]

Profit Trend is located within the Experts category of the MQL5 marketplace, it was first uploaded to the marketplace on the 12th of March 2020 by its creator Michal Wolny, it was uploaded as version 2.0 and has not had any updates since, so the software still sits at version 2.0. Overview Profit Trend was […]

Profit Trend is located within the Experts category of the MQL5 marketplace, it was first uploaded to the marketplace on the 12th of March 2020 by its creator Michal Wolny, it was uploaded as version 2.0 and has not had any updates since, so the software still sits at version 2.0.

Overview

Profit Trend was created as an expert advisor for use with the MetaTrader 4 platform, the description, and details section of the MQL5 website does not actually indicate a lot of information about how the EA functions, instead it is more of a setup tutorial with a bit of information thrown in here and there, this has made it quite confusing as to what the EA actually does.

The EA will use the Ichimoku, Custom Moving Averages, and Stochastic Oscillator indicators in order to help find its entry and exit positions in the markets. The Ea will use take profit and stop loss levels with each trade to help protect the account, it also has the option to use trailing stops to help maximize profits and to lock in risk-free trades once they turn profitable. 

The EA also has the option to turn on a grid-based trading system, while these can be profitable, they can also cause a lot of accounts to blow, these work by placing a trade, should the markets move against the trade, it will open up another trade either at the same lot value or higher in the same direction in the hope for the markets to come back in, it will then close out all the trades for a profit. The issue comes when the markets do not come back in and continue to trend against you, lots of trades can quickly be opened which can cause large amounts of drawdowns ad can blow smaller and large accounts alike.

In terms of parameters, there are some available which cover the general settings, positions settings, TP and SL positions, trailing stop settings, money management options, grid option, and more.

Service Cost

In order to purchase the Profit Trent EA outright, it will set you back a massive $5,500, this will get you up to 5 activations of the software. Due to its high price, the developer has offered a number of more manageable rental options. You can rent the EA on a monthly basis for $50 per month, for three months it will cost you $100, for six months it will cost you $500 and for a one-year rental, it will cost you $1000.

A free demo version is also available, this can be used within the strategy tester on the MT4 platform but not on a live account.

Conclusion

There are no user-written reviews or ratings for this eA so it remains unrated, this means that we cannot see whether people have found the Ea to be useful or profitable. There are three comments, all of them are from the developer, one is an installation and usage guide which is good to see, the other two are displaying results from an account that is using the EA, both of which look very positive. Due to there being no reviews to look at and no support on display (apart from the developer’s own comments) we would suggest sending your questions to the creator so you can be sure that the EA is right for you and that you will receive support once it has been rented or purchased.

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Forex Service Review

Creature Automated Trend Scalper Review

Creature can be found within the Experts section of the MQL5 marketplace, it was created by Natalya Sopina and was first uploaded onto the marketplace on the 23rd of July 2019, it has not received any subsequent updates and is still at version 1.0. Overview Creature is an expert advisor that was designed for the […]

Creature can be found within the Experts section of the MQL5 marketplace, it was created by Natalya Sopina and was first uploaded onto the marketplace on the 23rd of July 2019, it has not received any subsequent updates and is still at version 1.0. Overview Creature is an expert advisor that was designed for the […]

Creature can be found within the Experts section of the MQL5 marketplace, it was created by Natalya Sopina and was first uploaded onto the marketplace on the 23rd of July 2019, it has not received any subsequent updates and is still at version 1.0.

Overview

Creature is an expert advisor that was designed for the MetaTrader 4 trading platform and is a fully automatic EA that specializes in scalping. The EA does not use martingale or grid trading styles and works best with the GBPUSD, USDCHF, GBPCHF, CADCHF, GBPCHF, EURCHF, and AUDCHF currency pairs, although it can be used on all pairs.

The EA uses rollbacks from main trends to find its trades, it does this by using Bollinger Bands to determine the trend and channels. The EA will open its trades at the channel breaks and will filter out false breaks. It will take profits, complete stop losses, execute trailing stops and time out in order to close out trades.

Service Cost

The Creature EA will currently cost $60 to purchase it outright, this will get you up to 5 activations of the software. You are also able to rent it, this can be down on a monthly basis and will cost you $20 per month. A free demo version is available, this will only be usable with the strategy tester within MT4 though.

Conclusion

There are no reviews at present which is a shame to see, it also means that we do not know whether the EA is working as intended for those that have purchased it. There are a few comments, they are all from the developer themselves giving some time and settings. The most recent comment was in 2019, due to this we would suggest getting in contact with them to ensure that it is still being supported before you make a purchase or a rental.

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Forex Service Review

Automated Actual Support Resistance A2SR Indicator Review

Automated Actual Support Resistance A2SR can be found on the marketplace of the MQL5 website under the indicators section. The indicator was uploaded by its creator Yohana Parmi on the 21st of July 2014, it has had a large number of updates, the most recent was on the 21st of March 2020 and this brought […]

Automated Actual Support Resistance A2SR can be found on the marketplace of the MQL5 website under the indicators section. The indicator was uploaded by its creator Yohana Parmi on the 21st of July 2014, it has had a large number of updates, the most recent was on the 21st of March 2020 and this brought […]

Automated Actual Support Resistance A2SR can be found on the marketplace of the MQL5 website under the indicators section. The indicator was uploaded by its creator Yohana Parmi on the 21st of July 2014, it has had a large number of updates, the most recent was on the 21st of March 2020 and this brought it up to version 9.14. 

Overview

The Automated Actual Support Resistance A2SR is an indicator for the MetaTrader 4 trading platform, the indicator was designed to read A2SR levels which are a form of support and resistance levels.

The main features of the indicator:

Actual Support and Resistance.

Market Sentiment for news event and central bank speech.

Current Trend today, including a suggestion for placing positions.

Auto level trend lines for SR, Breakout, and Breakdown. You’ll find it easier to analyze charts.

Daily price jump and fall in average and maximum range (news events).

Average and maximum price jump/fall at time frame H4 (news events).

Overbought and Oversold, displayed at the same time for scale H1, H4, Daily, Weekly, and Monthly.

There are also plenty of parameters available to change, some of them include the currency suffix, SR style, whether to use bar charts, colors, to display the actual SR, to display arrows, to display currency index and many more options are available too.

Service Cost

The Automated Actual Support Resistance A2SR indicator can be purchased for $250, this will give you access without any limitations. Should you prefer, you are also able to rent the indicator, it will cost you $95 to rent it on a monthly basis. There is also a free version available, this will have some limitations, they are not actually known to us as they are not stated on the site, but it is always worth downloading and checking out the free version.

Conclusion

The Automated Actual Support Resistance A2SR indicator currently has 40 different user reviews, they are giving it an overall rating of 5 out of 5.

“This indicator is very helpful for beginners like me, I may find Support Resistance easily. Surprisingly for me, this SR may predict future movement as described by the author (Yohana) in the comment section. To fully understand how this indi works may cause stress for a beginner, But yohana is a very helpful person in guiding me. I appreciate your effort so much for your effort. Highly recommended indi” – A 5-star review.

“Author is very friendly and very accommodating to help one to learn the system, and be able to profit from it. The system seems low risk, and high return trading around support and resistance levels. Need to drop old habits, and learn to create a trading plan and follow the system to trade more consistently.” – A 5-star review.

“One of the best indicators you can buy on the mql5 market. And Yohana keeps improving it more and more. highly recommended.” – A 5-star review.

So the reviews are very positive which is a really good sign, there are also over 300 comments, the developer of the indicator is doing a great job replying to most of them which show that they are keen to keep the support going once it has been purchased, another great sign. Even though everything is looking good, we would highly recommend that you download the free version and also contact the developer with any questions that you may have before you make a purchase.

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Forex Service Review

Bravo Runner EA Review

Bravo Runner is an automated system (EA), created in October 2019 by developer Gabriel Beaird, who has us accustomed to creating low-cost Eas for users of the MQL platform. We know very little about this tool, as there is limited information available, but can say that it has been designed to trade with cryptocurrencies, specifically […]

Bravo Runner is an automated system (EA), created in October 2019 by developer Gabriel Beaird, who has us accustomed to creating low-cost Eas for users of the MQL platform. We know very little about this tool, as there is limited information available, but can say that it has been designed to trade with cryptocurrencies, specifically […]

Bravo Runner is an automated system (EA), created in October 2019 by developer Gabriel Beaird, who has us accustomed to creating low-cost Eas for users of the MQL platform. We know very little about this tool, as there is limited information available, but can say that it has been designed to trade with cryptocurrencies, specifically with XRPUSD and BTCUSD.

Overview

Apparently, the best results are given using a time frame of M5, and the creator also recommends, as in most Eas a low latency broker to make the execution of orders as fast as possible. The leverage used by this system is 1:5. This strategy uses RSI, KIC, and some other indicators when they meet certain levels.

Bravo Runner system is very easy to use and learn. You don’t need any previous experience to trade. Just invest in buying this EA and then just watch this Robot Trading do its job.

Unlike us humans, the Bravo Runner EA is not extinguished from emotions. Bravo Runner is available instantly at a very reasonable price for the results it provides, according to its developer. To be able to trade with this robot it is necessary to have hired a virtual server (VPS) or to keep the computer on 24/7.

Current features used by Bravo Runner: RSI, CCI, Stop loss (Trails profits), and a few more indicators that are not revealed by the system creator.

Service Cost

You can try this EA, and if the results are of your interest you can buy it on the MQL market for a price of 30 USD, which for an EA seems to us a very reasonable price. Even better, a free demo version is available for full testing prior to making a purchase.

Conclusion

It is highly recommended to try this EA on the Demo account for at least 2 weeks to see and understand how everything works. You should be comfortable with MT4 if you are going to use this EA.

We have little data on this tool, which also lacks user opinions that have tried it, given the short time it takes in the market. The creator provides us with some data of the operation of the robot in a real account, and certainly, the results are amazing, but we have to say that it is a screenshot, so we must be careful when validating this information.

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Forex Service Review

ICap Forex EA Review

ICap is an EA created in July 2019 by developer Supun Sameera Manasinghe. It was first published in July of 2019 and is still being offered in 2021, which is an excellent sign. The software is at version 1.9 as of this review. This Expert Advisor can act in 3 different ways: Fully auto trader […]

ICap is an EA created in July 2019 by developer Supun Sameera Manasinghe. It was first published in July of 2019 and is still being offered in 2021, which is an excellent sign. The software is at version 1.9 as of this review. This Expert Advisor can act in 3 different ways: Fully auto trader […]

ICap is an EA created in July 2019 by developer Supun Sameera Manasinghe. It was first published in July of 2019 and is still being offered in 2021, which is an excellent sign. The software is at version 1.9 as of this review.

This Expert Advisor can act in 3 different ways:

  1. Fully auto trader

Once you have set the parameter “Self Start” in “On”, the EA will start operating automatically without human intervention. As a regular EA. For this EA to open operations, it uses a trend tracking mechanism. You can work with this EA in M1 time frames and the EA will be stable even during news release moments. The EA will only be negotiated when closing the candle. Not with tick data.

Note: ICap is using Grid and Martingale mechanisms to recover lost positions. But you can control the increase in position size with the parameter “Sizing Control”. The ideal value will be 0.25.

  1. Semi-auto trader

You can open an operation manually and then the EA will continue to monitor running operations. If trade is profitable and the market is trying to reverse, EA will close down its trade and remain inactive until the next manual trade is opened. If your business is at a loss, the EA will use a network and martingale (With minimum risk) to close your trade at the break-even point or at the profit percentage set out in the “Cover Profit” section.

  1. Trend line operator

This EA can open operations with trend lines. We know that trend lines are vital points for opening operations and placing the “limit of sale” or “limit of purchase” at the right point with the conventional trading system is difficult. You can now run this EA with “Self Start”, set it to “Off”, and draw its trend lines so that EA will open operations with those trend lines. For this to work, you must write some parameters in the trend line description section.

Parameters of the Trend Line

Enter these parameters in the description section of the trend line so that those trend lines will act as described below. Write all letters in the upper case. Use the semicolon (;) to close each parameter unless otherwise specified.

SLMT; The trend line will act as a selling limit.

BLMT; The trend line will act as a purchasing limit.

FL; Fixed lots; If you specify FL=0.1; the EA will open 0.1 trade size on the trend line.

Example: SLMT; FL=0.1; In this line which is a sales limit, the EA will open a sales order with lots of 0.1.

SL; You can specify the loss of Stop for your trade so that the EA will place the loss of Stop at the time of the opening of trade.

Example:

  1. SLMT; FL=0.1; SL=100;

In this line which is a limit of sale, the EA will open a sales order with 0.1 lots and loss of stop of 100 points.

  1. SLMT; FL=0.1; [email protected];

In this line which is a limit of sale, the EA will open a sales order with 0.1 lots and with the loss of stop will be put at the price 1.2547.

RC; Specifies the risk capital for your operations. With this parameter, EA will calculate the risk capital with SL you specify.

Eg: SLMT; RC=2; SL=100;

The EA shall calculate the batch size according to the parameters SL and RC. If you did not specify the SL parameter (Stop loss) then the FL parameter will be used and if the FL parameter is not present, then the minimum allowable batch size will be opened. (Ex: 0.01)

TP; Specifies the take benefit for your orders.

Example: SLMT; RC=2; SL=100;TP=200;

A 200-point loss stop order will open when the price reaches the line. As with Stop Loss, you can use the parameters @C and @P as TP=@C; or [email protected]

BTP Take Profit for purchase orders. If you have purchase orders then this line will close those purchase orders if the price reaches this line.

STP Make profit on sales orders. If you have sales orders on your chart then EA will close any sales order if the price reaches this line.

The developer gives us the following notes:

This EA has been shown to bring about 15% growth per month. It is advisable to use the default parameters.

  • Home Page: EN
  • Start size: 0.03 percent
  • Size of control: 0.25
  • Benefit of coverage: 0.1

Service Cost

The selling price of this EA on the MQL market is 10 USD, which will allow you to use it for 1 year. A free demo version is available for download at this time. 

Conclusion

In short, we are talking about a robot that appears to be quite complete and profitable. We lack comments from users who have tested the system to see their ratings, but there are none. Another issue we never like, the systems that work with Martingale, as is the case with ICap.

We recommend downloading the trial version to get to know this robot better and to become familiar with all the parameters that it offers and that have been mentioned here.

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Forex Service Review

BuySell H4 Signals Indicator Review

Buysell H4 Signals is an indicator created in June 2018 by developer Andrey Almazov. The Buysell H4 Signals indicator shows possible market entry points with arrows. The arrows are not redrawn and are not repainted. The arrow appears immediately after a 4-hour candle is completed. The H4 Buysell signal indicator works only in the H4 […]

Buysell H4 Signals is an indicator created in June 2018 by developer Andrey Almazov. The Buysell H4 Signals indicator shows possible market entry points with arrows. The arrows are not redrawn and are not repainted. The arrow appears immediately after a 4-hour candle is completed. The H4 Buysell signal indicator works only in the H4 […]

Buysell H4 Signals is an indicator created in June 2018 by developer Andrey Almazov. The Buysell H4 Signals indicator shows possible market entry points with arrows. The arrows are not redrawn and are not repainted. The arrow appears immediately after a 4-hour candle is completed. The H4 Buysell signal indicator works only in the H4 time frame.

The indicator is calculated on the basis of levels and patterns of candles, and not the intersections of moving averages, allowing it to generate high-quality signals in the first stage of the price movement.

Up to 5 different types of arrows can be used. Each type is calculated based on different types of data. Also, different types of arrows can be used simultaneously.

They are as follows:

Psychological arrows: short- and medium-term levels, as well as candle patterns, are used in the calculation. The arrows show long pulse movements and possible correctional movements with the long-term trend.

Strong psychological arrows: medium- and long-term levels, as well as strong investment candle patterns, are used in the calculation. The arrows show the likely price extremes and trend reversals.

Oscillating arrows: medium and long term levels are used in the calculations, as well as inversion candle patterns. The arrows show the likely bounce of levels to the continuation of the current trend.

Trend arrows #1: medium-term levels and chandelier patterns are used in the calculation. The arrows can show both short-term and medium-term trends.

Trend arrows #2: medium-term levels and candle patterns are used in the calculation. The arrows can show the short, medium, and long-term trends.

The developer recommends trading with major currency pairs such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, etc.

Advantages of the BuySell H4 signal indicator:

  • High quality of signals
  • The signs are not redrawn
  • Can be tested in the strategy tester
  • easy to use
  • Alert settings are available
  • First-second sail signals almost always from one level, allowing for more efficient use of risk management

Characteristics of the BuySell H4 indicator:

  • Works only in the H4 time frame
  • Establishment of the indicator
  • The configuration is simple, you can adjust the display of any of the 5 types of arrows
  • It uses candelabra levels and patterns in its calculations, not moving stockings intersections

Indicator settings:

  • Psychological arrows: Showw1 = TRUE;
  • Strong psychological arrows: Showw2 = TRUE;
  • Oscillation arrows: Show_arrows3 = TRUE;
  • Trend arrows #1: Show_arrows4 = FALSE;
  • Trend arrows #2: Showuarrows5 = FALSE

You can configure notifications on signals as an alert, as an email message, or to the mobile terminal.

Additional settings are intuitive, and are as follows:

  • Notification are = TRUE;
  • Description = TRUE (in English);
  • Email on = FALSE (FALSE);
  • Push message = FALSE;
  • TRUE – enable notification; FALSE – disable

The indicator has been developed exclusively for the H4 time frame and must be used strictly on H4. However, the Show only on h4 TF parameter is available in the settings. By default, set to TRUE – display indicator only in H4 timeframe. If set to FALSE, the indicator will be drawn in all time frames. This is done so that traders do not experience any restrictions when using this indicator.

In short, we are talking about an indicator to trade in the medium and long term, because of the time frame used (H4). We have found ratings from users who have already tried the tool and in general, have appreciated it very positively, so this indicator can be a good candidate to combine it with other indicators and be able to diversify trading signals in search of the best result.

This indicator has a trial demo version and its selling price is 99 USD, you can find it in the MQL market. It is also available for rent at a price of 29 USD per month and 39 USD for 3 months.

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Forex Service Review

EasyTrend Pro Indicator Review

EasyTrend Pro is an indicator created by Denis Glaz in May 2019, although there have been subsequent updates. EasyTrend Pro is a trend indicator with everything you need for trading and is very easy to use. Probably everyone has come across indicators or Expert Advisors that contain numerous input parameters that are difficult to understand. […]

EasyTrend Pro is an indicator created by Denis Glaz in May 2019, although there have been subsequent updates. EasyTrend Pro is a trend indicator with everything you need for trading and is very easy to use. Probably everyone has come across indicators or Expert Advisors that contain numerous input parameters that are difficult to understand. […]

EasyTrend Pro is an indicator created by Denis Glaz in May 2019, although there have been subsequent updates. EasyTrend Pro is a trend indicator with everything you need for trading and is very easy to use. Probably everyone has come across indicators or Expert Advisors that contain numerous input parameters that are difficult to understand. But here, the input parameters are simple and you don’t need to configure anything, the neural network will do everything for you.

Previously the developer created the first version called Easytrend, the differences between the classic version and the Pro are:

-The multiple-time frame panel is added, so you can check a trend for other time frames without changing the schedule. The panel size is regulated by tuning, and also adapts to the scaling down of the screen in Windows. The data in a renewal panel are in real-time.

-The purchase-sale zone is added. It now receives purchase and sales signals. The zone adapts to the current volatility of the market.

-The neural network is improved. It works faster and qualitatively the changes are important and affect the entire system.

-The indicator can be used for binary options trading.

-Cryptocurrency support is added.

Features of Easytrend Pro

You don’t draw again.

Suitable for all types of trading, and can also be used in trading binary options.

Easy to configure and use.

Terminal, telephone, and mail notifications.

The buying and selling area is adapted to the current market volatility.

It works on all terms, but the sales and purchase area does not work on W1 and MN1.

Works with the MT4 Trading Platform

It automatically adjusts to all currency pairs, metals, cryptocurrencies, CFDs, and even oil.

How It Works

Based on the current variation study and analysis of the price deviation from its average value over a given period and the statistical average of the absolute value of this parameter. The results of the analysis are adjusted by sensitivity coefficient and vertical changes, which in turn depend on the current bargaining instrument, time frame, and inclination angle of the trend channel. All parameters of internal variables, values, and automatic adaptation are managed by a neural network.

How to do the trade? It can be done in a classic or scalping way.

-Choose a time frame to trade, suppose M15. Expect a trend change notification.

-Then when you have to wait for a purchase or sale signal to appear. After receiving the signal, you must check the trend at the higher deadlines. When operating on M15, check M30, H1, and H4 – trends must match your signal.

-Open a trade. Set Stop Loss to the same distance from the opening price as the opening price is from the trend line.

-After the price crosses the trend line with confidence, set Stop Loss to the point of balance and gradually move it with the price. You can use the delay.

-You can close the transaction for loss of stop or by crossing the price with a mobile average.

Scalping

-The deadline is M5 or M1.

-You can start a trade either through a buy-sell signal or because there has been a change in trend. Use the final stop.

-Closing a deal by crossing a moving average or behind.

Conclusion

In short, we are talking about an indicator that although it has been in the market for a short time seems to work very well if we take into account the good reviews of its users. The indicator is available for sale on the MQL market at a price of 64 USD, and also has a demo version for free testing.

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Forex Service Review

Currency Strength Index Indicator Review

Currency Strength Index is a piece of software that can be found under the indicators section of the MQL5 marketplace. The indicator was first uploaded on the 7th of May 2015 by Chima Nwokoro, it received an update shortly after on the 12th of MAy 2015 and is currently at version 1.3. Overview The Currency […]

Currency Strength Index is a piece of software that can be found under the indicators section of the MQL5 marketplace. The indicator was first uploaded on the 7th of May 2015 by Chima Nwokoro, it received an update shortly after on the 12th of MAy 2015 and is currently at version 1.3. Overview The Currency […]

Currency Strength Index is a piece of software that can be found under the indicators section of the MQL5 marketplace. The indicator was first uploaded on the 7th of May 2015 by Chima Nwokoro, it received an update shortly after on the 12th of MAy 2015 and is currently at version 1.3.

Overview

The Currency Strength Index is an indicator for the MetaTrader 4 trading platform, it was created to allow you to determine the short-term strength of any currency. The currencies strength is determined by an index of the currency and the other 7 major currencies, the indicator will constantly look at the price action across 28 currency pairs and will look at the price volatility, short-term price range, and d short-term price action, and candle formation.

The indicator can be used in the following way:

Always trade in the direction of the trend.

More than 3 green bars indicate strength and more than 3 red bars indicate weakness.

Combine weak currencies with strong currencies. This will always be a trending condition. For instance, if AUD has 5 red bars (weakness) and USD has 5 green bars (strength), sell AUDUSD.

Avoid the combination of strong vs strong or weak vs weak pairs. This will be a ranging condition.

There are three parameters that can be changed to slightly alter the way the indicator works, these include the header color, symbol suffix, and whether it shows comments or not.

Service Cost

The Currency Strength Index can be purchased for $19.95, this will give you unlimited access to the indicator, many indicators on the MQL5 marketplace also offer rentals, however, this indicator does not and the only option is to purchase it outright. There is a free version available, this will come with some limitations which are, unfortunately, not stated on the site so we are not sure that they are.

Conclusion

There are two reviews available; neither of them has given the indicator a rating though.

“This is very upsetting. Downloaded it already 4 times. Bought the Currency Strength and downloaded it several times but the indicator does not appear. Just a black screen. Why is my screen just black? I am using MetaTrader 4 platform. Your indicator is useless if that is the case. Please refund me because I am just on my ropes end!”

“This indicator doesn’t deserve even a one star rating, it’s poorly coded and doesn’t do what it says in fact if you are not adept this indi will make you blow your account in no time. why on earth should this crap tell me that USD is weak while in reality, USD is actually trending upwards.”

Both of those reviews make it quite clear that the indicator is not doing what it is meant to be doing, this would be an indication to maybe look elsewhere. There are a number of comments, the creator seems to be replying to them in a prompt manner which is a positive, however, 90% of the comments are people asking for their money back, so that is a big sign to steer clear.

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Forex Service Review

HAS MTF Forex Robot Review

The HAS MTF Forex Robot is an automated trading solution for trading in the most popular markets, including all currency pairs, raw materials, indices, and precious metals. This robot has the ability to trade with eight different time frames at a time in foreign exchange transactions. The cost of the Forex HAS robot is 99 […]

The HAS MTF Forex Robot is an automated trading solution for trading in the most popular markets, including all currency pairs, raw materials, indices, and precious metals. This robot has the ability to trade with eight different time frames at a time in foreign exchange transactions. The cost of the Forex HAS robot is 99 […]

The HAS MTF Forex Robot is an automated trading solution for trading in the most popular markets, including all currency pairs, raw materials, indices, and precious metals. This robot has the ability to trade with eight different time frames at a time in foreign exchange transactions. The cost of the Forex HAS robot is 99 USD (currently reduced by 50%), and it works with trends as the primary strategy. HAS the Forex Robot Trader Group has developed a forex Robot.

Overview

HAS MTF Forex Robot is a program to automate Forex operations. It’s like putting an airplane on autopilot. Traders can sleep all night, knowing that their transactions are placed precisely at the times they designate. Sounds good?

The currency robot HAS Robot Forex is getting a lot of publicity. They claim to have reached 51,500 USD in November 2019. This is a very short period of time to make a proper valuation, as what is needed are more extended time spaces to see the product’s profitability.

HAS Robot Forex did not seem to us very reliable, as it claimed to have made significant profits but without providing a verified result from third parties exchange sites such as Myfxbook and Fxblue.

Forex robot production companies like HAS Robot Forex often rely on showing screenshots of very small temporary spaces, promising great results, when this practice is not very realistic in the long term.

Robot HAS Forex Strategy

During our review of HAS Robot Forex, we have seen that the seller provides an in-depth insight into the trading methodology. According to them, HAS Forex Robot works based on the softened indicator Heikin Ashin for technical analysis.

There are many options for traders who want to find ways to follow trends in commodities as well as foreign exchange and other instruments. The most reliable way would always be to follow the charts.

Conclusion

HAS Robot Forex does not provide any kind of result to back up your high profit claims that promise. One of the problems is that automated Forex robots are run on the basis of automated mathematical algorithms, without taking into account aspects such as changing market conditions, which vary for example with political issues, and other factors. The market inconsistency is very difficult to program into a robot, and therefore the results of most Forex robots are inconsistent.

Because trading operations are not regulated, the number of deceptions appears to be increasing. One of the areas in which this happens on a regular basis is with automated trading robots from Forex, so you have to be very selective with the choice of a robot and be able to find a consistent system and honest developers. Many of the systems make some pretty unrealistic claims, with promises of a successful commercial career, even when you’re asleep.

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Forex Service Review

Monster Harmonic Indicator Review

Monster Harmonic Indicator can be found in the indicators section of the MQL5 marketplace. The indicator was first uploaded by Paul Geirnaerdt on the 20th of August 2014, it had a number of updates and is now at version 3.3. Overview The Monster Harmonic Indicator was designed to be used with MetaTrader 4, the indicator […]

Monster Harmonic Indicator can be found in the indicators section of the MQL5 marketplace. The indicator was first uploaded by Paul Geirnaerdt on the 20th of August 2014, it had a number of updates and is now at version 3.3. Overview The Monster Harmonic Indicator was designed to be used with MetaTrader 4, the indicator […]

Monster Harmonic Indicator can be found in the indicators section of the MQL5 marketplace. The indicator was first uploaded by Paul Geirnaerdt on the 20th of August 2014, it had a number of updates and is now at version 3.3.

Overview

The Monster Harmonic Indicator was designed to be used with MetaTrader 4, the indicator recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark, and a number of other patterns, it will also show potential reversal zones. 

A large group of parameters are available to alter, some of them include showing only the current pattern, showing invalidated patterns, the minimum accuracy percent, show labels, show alerts, email alerts, sounds, colors, zigzag parameters, and more.

Service Cost

The indicator will currently cost you $99 to buy it outright with no added limitations. You are also able to rent the indicator, you can do this for a three-month period which will cost you $39, you can also rent it for a six-month period which will cost you $69.

There is also a free version available, this version can only be used with the product tester and not on live charts so it won’t give you the opportunity to see it in action, it can be used to see how it would have worked in the past though.

Conclusion

At the time of writing this review, there are 29 different user reviews, they are giving the indicator an overall rating of 5 out of 5.

“Best pattern indicator. and it will be the greatest if only we can see a percentage ratio board of validated pattern/failed pattern on the chart to let the user choose the best setting and the best time frame… maybe on weekly chart pattern are 100% validated but we cannot know because there is no past history for failed pattern… so it will be a great help if!!. And also add the “completion max price” level of each pattern on the chart. It will help for “the stop loss set up” 🙂 thanks for your patience sir, Paul 🙂 I hope we will see these two revolutions on the next update!!! you the man! 5 stars here!” – A 5-star review.

“After all the updates removing the clutter, I can finally say that this is an excellent product. But beginners don’t get your hopes too high, you’ll still need to learn to trade these formations manually to make full use of this indicator. But learning these things manually and where to find them is an amazing skill that you’ll never regret.” – A 5-star review.

Along with the positive reviews, there are over 500 different comments, the creator of the indicator is replying to each one showing that he is actively supporting the indicator which is a good thing to see.

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Forex Service Review

Cycle Finder Pro Indicator Review

Cycle Finder Pro was uploaded by Raymond Gilmour on the 13th of December 2016 and is currently located on the MQL5 marketplace. It received its most recent update on the 22nd of March 2020 and is currently on version 3.8. Overview Designed for the MetaTrader 4 trading platform, Cycle Finder Pro is a chart reading […]

Cycle Finder Pro was uploaded by Raymond Gilmour on the 13th of December 2016 and is currently located on the MQL5 marketplace. It received its most recent update on the 22nd of March 2020 and is currently on version 3.8. Overview Designed for the MetaTrader 4 trading platform, Cycle Finder Pro is a chart reading […]

Cycle Finder Pro was uploaded by Raymond Gilmour on the 13th of December 2016 and is currently located on the MQL5 marketplace. It received its most recent update on the 22nd of March 2020 and is currently on version 3.8.

Overview

Designed for the MetaTrader 4 trading platform, Cycle Finder Pro is a chart reading indicator that has been designed to look for price action, cyclicity, and time frame correlations. The indicator will work on any time frame and all market symbols, it will look for specific patterns such as Head & Shoulders if all points match then a signal will be created. There are two adjustable parameters available, these are the marker offset for H/L values in pips and the ATR multiplier.

Service Cost

The Cycle Finder Pro indicator can currently be purchased with a one-off payment of $49, this will get you unlimited access to a version without any limitations. There is also the option to rent the indicator, this can be done on a monthly basis and will cost you $29 per month.

There is also a free demo version, it will have some limitations and may only work with the strategy tester, but we cannot say for sure as the information is not present on the site, we would recommend trying it out regardless just to see the quality of the software you may be purchasing.

Conclusion

The Cycle Finder Pro currently has eight different reviews, all very positive giving it an overall rating of 5 out of 5.

“This is an excellent indicator and highly recommended to put the odds in your favour whatever current system/method your are already using. Thank you Mr Raymond Gilmour for sharing this concept and coding it. Hope this is not too much to ask – but would you consider adding a multi-time-frame feature? Very much appreciated.” – A 5-star review.

“I love this indicator, it is saving me a lot of time and provides confirmation where there is doubt. I’d been drawing zig zag lines to mark cycles and it’s great to see the back of them, leaving a clean view with neat indicators. What’s not to like?” – A 5-star review.

“Hi Raymond. Thank you for your indicator. Been playing with it all day and its great for spotting trend and cycles. I know I still do not read charts consistently and this has showed me many I have been reading wrong. This will save me so much money. Thank you again.” – A 5-star review.

So the reviews are all very positive which is a great thing to see, in terms of customer support, the developer has been replying to most comments quite promptly, there haven’t been any comments for a while so it is not clear whether they are still actively supporting the indicator, due to this we would recommend sending any queries that you have to them and see how the support is before you make a purchase or a rental.

Categories
Forex Service Review

Prime X Club Review

Prime X Club is an online forex broker, they do not give any information away about themselves apart from the fact that they aim to always improve and offer a professional service, due to there being no information on them available, we will need to use this review to look deeper into the services that […]

Prime X Club is an online forex broker, they do not give any information away about themselves apart from the fact that they aim to always improve and offer a professional service, due to there being no information on them available, we will need to use this review to look deeper into the services that […]

Prime X Club is an online forex broker, they do not give any information away about themselves apart from the fact that they aim to always improve and offer a professional service, due to there being no information on them available, we will need to use this review to look deeper into the services that are being offered to see how they compare to the competition and so you can decide if they are the right broker for your trading needs.

Account Types

It looks like there may just be the one account type available when trading with Prime X Club, due to this, any information written in this review will be relevant to the one available account, if there does appear to be any differences then we will outline those differences within each individual section of the review.

Platforms

The website states that they offer MetaTrader 4 but this does not seem to be true, instead they use an online web trading platform that does not offer many of the features that MetaTrader 4 does. It is a relatively basic platform without many of the bells and whistles that brokers try to attach to their platforms. It allows you to place and modify trades but doesn’t offer much in the sense of analysis or automated trading. It is not the best platform that we have ever used.

Leverage

The maximum leverage available is 1:200, this is an ok amount to use, many brokers are now aiming for 1:500, but 1:200 is still acceptable and offers a decent risk-reward ratio. The leverage can be selected when first opening up an account, it is not clear to us if you are able to change the leverage once an account has been opened.

Trade Sizes

Trade sizes start from 0.01 lots and they then go up in increments of 0.01 lots so the next trade would be 0.02 lots and then 0.03 lots. There doesn’t seem to be any information surrounding the maximum trade size or how many open trades and orders you can have at any one time.

Trading Costs

We didn’t see anything relating to any potential commissions or fees for trading, so we hope this means that there aren’t any, but we do not know that for sure, there is also no information regarding any swap charges, we would expect them to be present, but once again, we do not know as the information is not available.

Assets

There isn’t a product breakdown or product specification. In fact, in order to find out any information we had to look at different sites to gather it up, what we found is that there are around 50 different currency pairs available for trade including majors, minors, and exotic pairs. There are also plenty of CFDs from the likes of energies, metals, soft, and more. Finally, they also offer crypto assets such as Bitcoin, Ethereum, Ripple, and more.

Spreads

While there wasn’t anything mentioned on the site, looking through various other sites it seems that the spreads start from around 2.6 pips which is incredibly high and makes it very expensive to trade with this broker. The spreads are also variable which means they can move about and can get even higher during times of low liquidity or high volatility.

Minimum Deposit

Unfortunately, we do not know what the minimum deposit is or how much is needed to open up an account so we cannot comment on this section of the review.

Deposit Methods & Costs

There are a few different methods available, those are Visa, MasterCard, Bank Wire, and E-payments, while the site states e-payments, it does not indicate what the methods actually are. There is also no indication of any possible fees so we hope that means that there aren’t any, but we cannot say that for sure.

Withdrawal Methods & Costs

Only Bank Wire Transfer and Credit/Debit Cards are mentioned on the withdrawal page which can be a little limiting. Once again there is no information surrounding any potential fees, once again we hope this means that there aren’t any, you should check with your own bank or card issuer to see if they will charge any incoming processing fees.

Withdrawal Processing & Wait Time

This information is not stated on the site, we would hope that any withdrawal requests would be fully processed within 7 working days from the request being made, we cannot say for sure though.

Bonuses & Promotions

There aren’t any bonuses or promotions mentioned on the site so it does not appear that there are any available, you could always contact the customer service team to see if they have any coming up that you could take part in.

Educational & Trading Tools

While looking around the site we did not come across any tools or educational material that could help your trading or analysis which is a shame as many modern brokers are now trying to help their clients improve on their trading skills through tools and education, so it would be good to see Prime X Club do something similar for theirs.

Customer Service

The customer service page indicates that the support is available 24 hours a day 7 days a week. That is great, but there is only one way to get in contact with them and that is using their online form submission, fill it in and you should get a reply via email. There needs to be more ways to contact them if they wish to build trust with their clients. Strangely, on the same page, it states that the customer support team is available from Monday to Friday, which is of course not 24/7, so we aren’t entirely sure which one is true. 

Demo Account

We didn’t see any information surrounding demo accounts so they may not be available, this is a shame as demo accounts allow you to test out the trading conditions and also new strategies without having to risk any of your actual capital, this is something that Prime X Club should look at getting if they re in fact not available.

Countries Accepted

This information is not available on the site, as we do not know which countries are accepted, we would recommend contacting the customer service team in order to find out if you are eligible for an account, we would suggest doing this prior to opening one up.

Conclusion

There is so much information missing from the site that it makes it very hard to recommend Prime X Club. There are also limited deposit and withdrawal methods and the spreads are incredibly high, so even without any added commissions, it is very expensive to trade here. All of that combine with the fact that there is only an online submission form to contact the support team is enough for us to recommend looking elsewhere for your trading needs.

Categories
Forex Service Review

Supply and Demand Dashboard Pro Indicator Review

Supply and Demand Dashboard Pro can be found within the indicator section of the MQL5 marketplace. The indicator was first uploaded by its creator on the 2nd of April 2019, it has received a few different updates, the most recent update was on the 16th of January 2020 and this brought the indicator up to […]

Supply and Demand Dashboard Pro can be found within the indicator section of the MQL5 marketplace. The indicator was first uploaded by its creator on the 2nd of April 2019, it has received a few different updates, the most recent update was on the 16th of January 2020 and this brought the indicator up to […]

Supply and Demand Dashboard Pro can be found within the indicator section of the MQL5 marketplace. The indicator was first uploaded by its creator on the 2nd of April 2019, it has received a few different updates, the most recent update was on the 16th of January 2020 and this brought the indicator up to version 1.6.

Overview

The Supply and Demand Dashboard Pro is an indicator that was designed to be used with the MetaTrader 4 trading platform, the dashboard can be used on multiple symbols and on multiple different timeframes.

Some of the main features of the dashboard:

It shows filtered Supply and Demand values including zone strength rating,

It shows pips distances to/and within zones,

It highlights nested zones,

It gives 4 kinds of alerts for the chosen symbols in all (9) time-frames.

It is highly configurable for your personal needs!

There are plenty of features available for the dashboard too, they include alerts, 4 different types of alerts actually, including when a new zone appears, whenever the asset price enters a zone, leaves a zone, and when the zone is broken.

There are also visual features such as the prices for supply and demand, the pip distance until the supply and demand zones, a special zone strength rating, the dashboard can show all timeframes, actual time frames showing as full squares and lower time frames s dashed squares, it can be color-coded to show if the zone is new or tested, and there are many other features too.

There are also a whole host of settings and parameters that will allow you to alter the way that the indicator functions to better suit your own requirements.

Service Cost

The indicator can not be purchased outright, instead, there are two options for renting it. The first is on a monthly basis, which will cost you $70 per month, there is also the opportunity to rent it on a yearly basis which will cost you $199 per year. There is a free version available, however, this will have some limitations, we do not know exactly what the limitations are though.

Conclusion

There are currently 7 reviews for the Supply and Demand Dashboard Pro, they are all 5-star reviews.

“I have been using s/d as trade entry and exit now with a lot of success . The problem is that I spent most of my day looking for trades and charting . Instead of charting all 28 pairs , I use this to send me alerts , then I do technical analysis . Most free ones will only tell you when price enters a zone and not when it breaks and exit. I like this so much that I will purchase the Advance Standalone version and the Exotic ACS system. I have wasted 2000 on systems and indicators in the past year – This system paid for itself within the first week. The developer is an A plus guy also. Always answers questions in a fast manner .”

“Very good indicator. Maybe the best I have ever seen. It gives you an overview of the whole market.Its easy to read, gives you alerts which you can set to you own needs. You can push the pair buttons and open chart in same chart window or on different chart window. I use different chart window and than put ACS28 Impuls and Volume indicator on that chart. Make it default and than when you push pair button it will open that chart with you indicators on it. I am very happy with it. Good support also. Thank you Bernhard.”

All the reviews are very positive, there are also a few comments, the creator seems to be replying to them promptly which is a good indication of the sort of support that you would receive. Even with the positive reviews, we would recommend that you download the free version before making a purchase, this way you will be able to ensure that it works the way that it is intended.

Categories
Forex Service Review

Mouse Scalper Pro Expert Advisor Review

Mouse Scalper Pro can be found within the MQL5 marketplace. It was created by Michela Russo and was uploaded to the marketplace on the 6th of April 2020, there have not been any further updates and it is still at version 1.0. Overview Mouse Scalper Pro is an expert advisor that was created to work […]

Mouse Scalper Pro can be found within the MQL5 marketplace. It was created by Michela Russo and was uploaded to the marketplace on the 6th of April 2020, there have not been any further updates and it is still at version 1.0. Overview Mouse Scalper Pro is an expert advisor that was created to work […]

Mouse Scalper Pro can be found within the MQL5 marketplace. It was created by Michela Russo and was uploaded to the marketplace on the 6th of April 2020, there have not been any further updates and it is still at version 1.0.

Overview

Mouse Scalper Pro is an expert advisor that was created to work with the MetaTrader 4 trading platform, it was designed to work as a semi-automatic trading robot that will trade on forex. The EA can work with all timeframes and with all currency pairs, the EA is also FIFO compliant.

There are some recommendations that come with the EA:

Symbols: All

Timeframes: All

Settings: Default or set file

Brokers: Broker with low spread and commission, ECN, STP or NDD

Minimum Deposit: 200 USD

Market Entry MEthod: Market Order

Tester Method: Tick by tick

FIFO Compliant: Yes

There are also plenty of settings available to alter, these will change the way that the Ea behaves. Some of the settings include the lot sizes, auto lots, risk to use, magic numbers, maximum spread allowed, fixed start and stop times, to close on Fridays, the maximum number of orders, take profit settings, stop loss settings, maximum monetary loss, and many more.

Service Cost

The expert advisor can be purchased for $50, this is a one-time payment that will get you up to 5 activations and no other limitations. If you prefer, there is also another option to rent the EA, this can be done on a yearly basis and will cost you $35 per year. A free demo version is also available, this can only be used with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

The EA currently has eight reviews which have given it a five out of five ratings.

“So far I have purchased 6 EA from him and all of them work like charm. Hope Michela Russo will provide more and more profitable EA like these. I wish I could spend more here.” – A 5-star review.

“Excellent good work, simple and efficient. For manual trading is a good assistant.” – A 5-star review.

So the reviews are all very positive, there are no comments due to the EA being quite new, so we do not know whether the developer will actively support it, but they have been very active in supporting their other products. To be sure, you should send any questions that you have to the developer so you can make sure that the EA is the right one for you and that they will be there to offer support should you need it.

Categories
Forex Service Review

Smart Scalper PRO Expert Advisor Review

Smart Scalper Pro can be found within the Experts section of the MQL5 marketplace. Created by Lachezar Krastev, it was first uploaded to the marketplace on the 26th of October 2018, it received its most recent update on the 8th of January 2019 and is currently at version 1.2. Overview Smart Scalper PRO is an […]

Smart Scalper Pro can be found within the Experts section of the MQL5 marketplace. Created by Lachezar Krastev, it was first uploaded to the marketplace on the 26th of October 2018, it received its most recent update on the 8th of January 2019 and is currently at version 1.2. Overview Smart Scalper PRO is an […]

Smart Scalper Pro can be found within the Experts section of the MQL5 marketplace. Created by Lachezar Krastev, it was first uploaded to the marketplace on the 26th of October 2018, it received its most recent update on the 8th of January 2019 and is currently at version 1.2.

Overview

Smart Scalper PRO is an expert advisor for the MetaTrader 4 (a MetaTrader 5 version is also available) trading platform, it is the professional version of another free scalper called BF Smart Scalper EA, it is a professional version as it has a number of added features. The main concept behind the EA is that it will enter the market in the direction of a large price impulse after a correction has been detected. 

Some of the main features of the EA:

A strong, pure, and simple trading logic

24/5 trading, without any time restrictions – no GMT shift hassles

Reasonable TP and SL levels – plus new ATR based algorithm

Low drawdown

Solid 18-year backtest performance

Multiple currency pairs support

Advanced News Filter

New, improved, highly effective exit logic

Advanced Time Management System

Email and Push Notification system

Friday Exit System

The EA can be used with the following pairs: GBPUSD, EURUSD, USDCHF, USDJPY, and USDCAD. There are also a number of different settings available, these include things like fixed lot sizes, magic numbers, slippage, max spreads, stealth mode, emergency stop distance, a Friday exit system, advanced time manager, news filters, notifications, and more.

Service Cost

The expert advisor can currently be purchased for $117, however, its usual price is $147. This is a one-off payment and will give you up to 5 activations with no added limitations. Unlike many expert advisors on the MQL5 marketplace, there is no option to rent the EA so purchasing it is the only option.

There is a free version available, the details of which are not shown on the site, this is often an indication the free version can only be used with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

The users have currently left 12 reviews which have given the expert advisor an overall rating of 3.5 out of 5.

“I have thoroughly tested demo and live on RDP to Hostwinds, Amsterdam based VPS, over 5 months. All pairs with standard set files settings. All ended up in overall loss measured over the period of 5 months.” – A 1-star review.

“I have been testing the free version of this robot and I can say that the paid version is showing also very good results and it is really stable. I will continue using your EAs for sure!!! Thx” – A 5-star review.

“I have many loss for now , I will update my review when I find profits at least in one day. UPDATE: great support for Lachezar, I tried with a broker with low spread and I improve a lot, but it’s still not profitable, I’m going to switch to a demo account to test it better before using it in real” – A 3-star review.

So a wide range of opinions, some making profits, and others have losses. There are also over 100 comments, the developer of the EA has been replying to the majority of the comments which is a great sign to see and shows that if you were to purchase the EA you would be given the support that you need. We would still suggest sending the developer any queries that you have and trying out the free version, this way you can be sure that it is right for you before you make a purchase.

Categories
Forex Service Review

FX Trend Indicator Review

FX Trend is an application that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded by Daniel Stein on the 6th of May 2016, it has then received a number of updates, the most recent was on the 21st of February 2020 and this brought the indicator up […]

FX Trend is an application that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded by Daniel Stein on the 6th of May 2016, it has then received a number of updates, the most recent was on the 21st of February 2020 and this brought the indicator up […]

FX Trend is an application that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded by Daniel Stein on the 6th of May 2016, it has then received a number of updates, the most recent was on the 21st of February 2020 and this brought the indicator up to version 3.13.

Overview

FX Trend is an indicator created to be used with the MetaTrader 4 trading platform, the indicator will display various things such as trend direction, duration, intensity, and a trend rating for all time frames in real-time. This will allow you to quickly see which direction the trends are moving, how long they will last, and how strong they are.

There is a large list of features available from this indicator:

Analytical features:

Graphical features:

General features:

There are also a bunch of settings available that will allow you to change various aspects such as the trend period, deviation, whether to use the indicator in EA mode, to hide the panel, arrows, and other elements, there are also plenty of options for alerts.

Service Cost

The indicator will cost you $49 to purchase it outright, this will give you unlimited access to it. You are also able to rent it, you can rent it for 3 months which will cost you $29 or for 1 year which will cost you $39. There is also a free demo version available, but this will come with some limitations which are unfortunately not known to us.

Conclusion

There are 84 reviews, the overall rating from these reviews is 4.5 out of 5. The creator is offering a free support group for those that provide a review, so this could potentially influence some members to give higher scores, it is not a practice that we like to see.

“FX Trend is the tool help me enter the trend on pull back, it really helps me to re-enter the trend if i missed out the ride. Great indicator !!! Thanks Daniel !!! This is a good tools to help traders find entries and trend, i would recommend those who are looking for trend entries. This will be the one.” – A 5-star review.

“I have had this for just over two weeks now and it seems promising. I am still trying to understand how to use it properly. I have given it 4 stars because it it’s clear layout, ease of use and potential for profit making if you’ve properly with a good trading plan. I haven’t started making any profits with it yet but hope to make some profit if I get the hang of it.” – A 4-star revew.

“just a parabolic sar with fancy snazziness. don’t waste your money, put a parabolic sar on your chart and just use that…” – A 1-star review.

So the majority of reviews are very positive and state that it is working well, even with all this positivity, we would recommend downloading and trying out the free version, this will give you a better understanding of how it works and it will also make sure that you are able to get it set up correctly.

Categories
Forex Service Review

Pro Scalping System Indicator Review

Pro Scalping System can be found within the indicators section of the MQL5 marketplace, it was uploaded by Vitaliy Kryukov on the 24th of June 2019, it has not had any updates so the indicator is still at version 1.0. Overview Pro Scalping System is an indicator that was designed for the MetaTrader 4 platform, […]

Pro Scalping System can be found within the indicators section of the MQL5 marketplace, it was uploaded by Vitaliy Kryukov on the 24th of June 2019, it has not had any updates so the indicator is still at version 1.0. Overview Pro Scalping System is an indicator that was designed for the MetaTrader 4 platform, […]

Pro Scalping System can be found within the indicators section of the MQL5 marketplace, it was uploaded by Vitaliy Kryukov on the 24th of June 2019, it has not had any updates so the indicator is still at version 1.0.

Overview

Pro Scalping System is an indicator that was designed for the MetaTrader 4 platform, its main purpose is to allow you to trade the markets during any kind of market conditions on all instruments and timeframes.

The main advantages of the indicator:

Doesn’t repaint closed candles.

Rough entry and exit rules.

Flexible setup of visualization releases from chart overloading.

The system has a dashboard enabling one to look after 28 pairs at time frames from M5 to D1.

You can change the main parameters of the system right from the chart.

The optimization of parameters of the trend determination by pressing the “Find Best Parameters” button.

The visualization of signals by rectangles provides the most accurate information about system efficiency previously. Rectangles clearly indicate the asset price range of signal life, unlike arrows which often point either at the Low or High point of the candle.

There are also a number of different parameters available, these include things like showing the signal boxes, the color of the bars, the bar count, scalping period, different alerts and notifications, colors, sizes, fonts, and more.

Service Cost

The indicator can be purchased with a one-off payment of $150, this will get you up to 10 activations of the software with no other limitations. If you would prefer, there is also the option not to rent it, this can be done on a monthly basis which will cost you $50 per month, or you can rent it for three months which will cost you $90 for the three months.

There is a free demo version available, the limitations are not stated on the site so there is a chance that it can only be used with the strategy tester within MT4.

Conclusion

Unfortunately, there aren’t any user reviews or ratings so it is hard to work out how people are finding it or if it is doing what it is meant to do. There is a comment section with few comments, the developer has replied to some but not the most recent one which is someone with some errors, not having a reply makes it seem that there is not any active support, due to this, we would suggest contacting the developer before purchasing or renting just to make sure that there will be some support should you need it.

Categories
Forex Service Review

MultiLimitStop EA Review

The MultiLimitStop EA can be found within the Utilities section of the MQL5 marketplace, there may be others with similar names so we have provided you with a link to the expert advisor below. The expert advisor was first uploaded on the 20th of June 2017 by its creator Siti Latifah, it has had a […]

The MultiLimitStop EA can be found within the Utilities section of the MQL5 marketplace, there may be others with similar names so we have provided you with a link to the expert advisor below. The expert advisor was first uploaded on the 20th of June 2017 by its creator Siti Latifah, it has had a […]

The MultiLimitStop EA can be found within the Utilities section of the MQL5 marketplace, there may be others with similar names so we have provided you with a link to the expert advisor below. The expert advisor was first uploaded on the 20th of June 2017 by its creator Siti Latifah, it has had a number of different updates, the most recent update was on the 2nd of March 2020 and this brought it up to version 2.1.

Overview

The MultiLimitStop EA is an expert advisor for the MetaTrader 4 trading platform, the indicator works by automatically placing pending orders (sell limit, buy limit, sell stop, buy stop), it also adds stop losses and take profit levels with just a single click of a button. The EA can also be used as a grid expert advisor.

The main features of the expert advisor:

Automation Pending orders grid style trading.

Automation of the process of placing the Pending Orders.

Automation of close Orders/Pending Orders.

Manage orders like Delete Pending, Close All, Close buy only, Close sell only.

Avoiding unwanted triggering of Placing Pending, Stop Loss, Take Profit in case the broker’s stop level is different than usual.

Makes work easier and faster.

There are also a number of parameters that can help you adapt the expert advisor to suit your style a bit more, some of these include the lot sizes, how much the lots increase, the maximum number of orders, the step between trades, take profits, stop losses, trailing stops, and more.

Service Cost

The MultiLimitStop EA will currently cost you $30 to purchase it outright with no limitations attached. Many expert advisors have the opportunity to rent it, but this one does not, the only option is to purchase it. The site indicates that there is a free demo version available, but we do not know what the limitations of this free version are, many are only able to be used on demo accounts or only a few pairs are available to use.

Conclusion

There is just one review available, the user leaving the review did not leave a rating however he said the following.

“Lo he comprado y no me sale en el terminal y no puedo instalarlo.” This translates into: “I have bought it and it does not appear in the terminal and I cannot install it.”

Not the most positive thing that can be written about your product.

There are also a number of comments Siti Latifah (the creator) seems to be replying to the majority of them which is good to see and shows that there is at least some customer service available. As there are not many reviews to go off, we would highly recommend that you get in touch with the creator with any possible questions, also download and try out the free version to give you a better idea of exactly how it works before making a purchase.

Categories
Forex Service Review

Reversal Trend Indicator Review

Reversal Trend was first uploaded to the ‘Indicator’ section of the MQL5 marketplace on the 1st of April 2016 by its creator Claus Dietrich. It was first uploaded as version 16.3 and has not received any further upload, it is still at the same version 16.3. Overview Reversal Trend is an indicator for the MetaTrader […]

Reversal Trend was first uploaded to the ‘Indicator’ section of the MQL5 marketplace on the 1st of April 2016 by its creator Claus Dietrich. It was first uploaded as version 16.3 and has not received any further upload, it is still at the same version 16.3. Overview Reversal Trend is an indicator for the MetaTrader […]

Reversal Trend was first uploaded to the ‘Indicator’ section of the MQL5 marketplace on the 1st of April 2016 by its creator Claus Dietrich. It was first uploaded as version 16.3 and has not received any further upload, it is still at the same version 16.3.

Overview

Reversal Trend is an indicator for the MetaTrader 4 trading platform, it has been designed to look for trend reversals, it works out of the box and does not require any additional settings. The indicator will work on all major pairs on the M15 chart or higher. It will give you entry signals as well as take profits and stop losses.

There are a number of parameters available too, these include the number of bars to process, to turn alerts on or off, to send emails, push notifications, to show trend direction, inverse trends, ATR percent, and comments.

https://youtu.be/agbI1mFNajo

Service Cost

The Reversal Trend indicator can be purchased outright for $99, this will give you 5 activations of the indicator with no other limitations. If you prefer, you can also rent the indicator on a monthly basis, this will cost you $19 per month and must be paid each month that you wish to use the indicator.

There is a free demo version available, this version will have some limitations which are not currently stated on the site, it may only be usable with the MetaTrader 4 strategy tester.

Conclusion

There are no reviews available for the Reversal Trend indicator so we do not know if people are finding it useful or if it is doing what it is meant to do, there is also only one comment from a user, the developer has not replied to it which is not a positive sign and does not give us confidence in the type of support that you would receive should you decide to purchase it. We would suggest trying out the free version and sending a query to the developer, this way you can make sure that it will work for you and that the developer will in fact be there to support you should you have any issues.

Categories
Forex Service Review

Trading Planner Semi-Automated EA Review

Trading Planner Semi-Automated EA can be found on the marketplace of the MQL5 website. Yohana Parmi the creator of the EA was first uploaded on the 16th of November 2016, it has a number of different updates, the most recent update was completed on the 22nd of December 2019, and this update through the EA […]

Trading Planner Semi-Automated EA can be found on the marketplace of the MQL5 website. Yohana Parmi the creator of the EA was first uploaded on the 16th of November 2016, it has a number of different updates, the most recent update was completed on the 22nd of December 2019, and this update through the EA […]

Trading Planner Semi-Automated EA can be found on the marketplace of the MQL5 website. Yohana Parmi the creator of the EA was first uploaded on the 16th of November 2016, it has a number of different updates, the most recent update was completed on the 22nd of December 2019, and this update through the EA up to version 2.87.

Overview

The Trading Planner Semi-Automated EA is an expert advisor, it has been created to be used with the MetaTrader 4 trading platform. The expert advisor works in the following ways:

  • The trading planner will make you act like professional traders in real markets.
  • Before entering markets, they make a plan for their trades, screening out all opportunities in all time frames.

The EA can be used on all time frames, it will draw trendlines as a trend with support and resistance, the EA will open trades automatically when the price reaches the trendlines t the 3rd step. As the expert advisor is semi-automated, you will be expected to draw your own trend lines, the EA will then open positions based on the lines you have drawn.

The EA comes with a number of parameters, they can be changed to alter the way that the expert advisor functions. Some of the settings available include magic numbers, the automated trading plan, allow to buy or sell, to use pending orders or not, pip adjustments, trade comments, which instruments to allow, lot increments, lot multipliers, and more.

Service Cost

The Trading Planner Semi-Automated EA can currently be purchased with a one-off payment of $143, this will give you a limitation-free version of the EA. Should you prefer, you are also able to rent the EA, this will cost you $80 per month to do. A free demo version is also being provided, however, the details of any limitations to this free version are not made clear on the site, it is always worth downloading to try though.

Conclusion

At the time of writing, there are 5 different user reviews, they have given the overall rating a rating of 5 out of 5.

“This EA in combination with A2SR has made a huge difference in my trading abilities. Even with a full-time job, set up some trade plans based on A2SR, and let the EA do the rest. This has helped build consistency in my results and boosted my confidence that it is possible to be a profitable trader. Many Thanks to the developer!” – A 5-star review.

“Without any doubt, this is a robust and great trading planner plus the seller is really helpful and will help you to understand how to apply this to achieve maximum results on your trading. Thank you! looking forward to your next automated EA.” – A 5-star review.

“Bought it in combination with “Automated Actual Support Resistance A2SR”. Brilliant! Nice and friendly support from the seller” – A 5-star review.

The reviews are all positive, the expert advisor also has 44 different comments, the developer of the EA has been replying to each one which shows that they are intending to offer a high level of customer service to their product. We would suggest downloading and trying out the free version and also contacting the creator with any questions to make sure that the expert advisor will suit your current needs.

Categories
Forex Service Review

Indicator Combine Merge by RunwiseFX Review

Indicator Combine Merge by Runwisefx is an indicator created in March 2017 by the developer Runwise Limited. Overview This indicator allows multiple indicators to be combined into a single indicator, both visually and in terms of alertness. Indicators may have core indicators, e.g. CCI, RSI, etc., and also customized indicators, including those acquired through the […]

Indicator Combine Merge by Runwisefx is an indicator created in March 2017 by the developer Runwise Limited. Overview This indicator allows multiple indicators to be combined into a single indicator, both visually and in terms of alertness. Indicators may have core indicators, e.g. CCI, RSI, etc., and also customized indicators, including those acquired through the […]

Indicator Combine Merge by Runwisefx is an indicator created in March 2017 by the developer Runwise Limited.

Overview

This indicator allows multiple indicators to be combined into a single indicator, both visually and in terms of alertness. Indicators may have core indicators, e.g. CCI, RSI, etc., and also customized indicators, including those acquired through the MQL market, or where they only have the ex4 file. An early warning is provided, for example, when 4 out of 5 indicators have been aligned, and a confirmed alert when all agree.

It also includes a statistical panel that reports on the success of the combined indicator by reviewing the current chart. The rate of profit, profit, and reduction is calculated, on the basis of a selected stop loss and take the profit/output regime. The results of other charts can also be displayed together and sorted with the best performance symbols shown first – allowing you to select the best symbols/deadlines.

The indicator is easily configured using pop-up forms. The product comes ready and configured for the M30 period, using a range of standard indicators, with confirmation in the H4 time frame. The indicator is equally compatible with any EA, allowing easy conversion to an EA that can operate automatically.

https://youtu.be/Qqbodsmyv0o

The main features of this indicator are:

-It combines different indicators both visually and in terms of alertness.

-Work with core indicators and genuine indicators, even if they only have ex4 file or those purchased on the market.

-The indicators are examined in the near candle, by default, so not repainted.

-Choice of two alert levels that can be configured – an early (when 75% of the indicators aligned) and confirmed (all aligned).

-Shows the trade performance statistics of the indicators combined with the profit, benefit, and reduction ratio – calculated in real-time by examining the current chart.

-Option to display the statistics table of other graphics/ symbols that the indicator is loaded on – sorted by profit.

-The results show the result of early warning and confirmed, so you can see that it is working better.

-Option to automatically select early warning or confirmed, depending on which has the greatest benefit, or gain ratio.

-Realistic calculation of statistics taking into account a selected ancillary loss, profit/loss scheme, and spread.

-Stop-loss can be specified as fixed pips or using a variety of automatic calculation methods, including a custom indicator.

-Statistics can also include the effect of trading hours, profit/partial output to take, delay stop loss, and auto break even when the target is achieved.

-The profitability and profitability objectives can be specified as risk-reward percentages or in pips.

-Pips can be determined as a percentage of the Real Average Daily Range, allowing you to scale automatically depending on the symbol.

-Displays simulated operations in the graph with open price, used stop loss, closing price, and profit…

-Automatic recalculation of statistics on configuration changes, showing the effect on the gain, benefit, and reduction ratio.

-Restore the previous configuration with a single click if the change was not beneficial.

-The configured stop-loss, break-even, and take profit prices are displayed in the chart for use with new trading.

-Easy to use configuration popups.

-Selection of display formats, e.g. bar or histogram.

-Selection of alert systems, e.g. email, pop-up, or mobile notification.

-Easy integration with our AE for automated trading.

Service Cost

The indicator has a free trial version and is for sale on the MQL market at a price of 89 USD.

Conclusion

In short, we are talking about a handy indicator that can make the task much easier for all those traders who are using several indicators. We are really talking about a very useful tool, as demonstrated by the many positive criticisms made by users of this indicator. If you are a trader who uses several indicators, surely Indicator Combine Merge by Runwisefx can be very useful.

 

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Forex Service Review

FX Pro System Indicator Systems Review

The FX Pro trading system is a foreign exchange trading strategy designed to operate in the foreign exchange market. Although initially intended to operate in the foreign exchange market, it can also be used to work in other markets that are available to serve on the MetaTrader platform, such as indices, commodities, precious metals, and […]

The FX Pro trading system is a foreign exchange trading strategy designed to operate in the foreign exchange market. Although initially intended to operate in the foreign exchange market, it can also be used to work in other markets that are available to serve on the MetaTrader platform, such as indices, commodities, precious metals, and […]

The FX Pro trading system is a foreign exchange trading strategy designed to operate in the foreign exchange market. Although initially intended to operate in the foreign exchange market, it can also be used to work in other markets that are available to serve on the MetaTrader platform, such as indices, commodities, precious metals, and even cryptocurrencies. 

Simplicity is the main feature of this trading system. In the foreign exchange business, keeping things simple is quite important. Very complicated things will only confuse you. It is finding out advanced trading strategies are not necessary to have a successful commercial career. You just have to find a simple system and master it. The irony is that most of the systems out there work, but it’s because of the trader’s behavior that they lose and tend to believe is the failure of a trading system.

So if you don’t succeed in trading you’ll wonder what the problem is. Most of the time, it’s not the trading system that makes it fail. It’s the behavior aspect of trade that had been holding him back from being successful. The damn emotional point. The continued practice of self-discipline can correct these lousy business habits.

We are returning to the system. The Fx Pro system is based on only three technical indicators to develop your trading signal, but we will solely focus on two of them, as the other is not really important.

The FPS signal is an arrow that appears above and below the table. This is the primary signal in this professional trading system fx. We will be looking for the buying position when a blue arrow appears on the chart and will be looking for the selling position when a red arrow appears on the chart.

FPS trend works as a filtering system in Fx Pro System. This tool will help you filter the noise and give you a more unobstructed view of the direction of the market. Generally, FPS trend blue bars indicate the bullish market, while red bars indicate the bearish market scenario.

Purchase conditions using the Fx Pro system.

  1. A blue arrow pointing upwards must form below the price.
  2. FPS. Trend bars should be blue.
  3. Put your stop loss right at the bottom of the recent low oscillation.
  4. You should take benefits as soon as a red arrow appears above your chart.

Terms of sale using the Fx Pro system.

  1. A red arrow pointing downwards must form above the price.
  2. FPS Trend bars should be red.
  3. Put your stop loss right on top of the recent high oscillation.
  4. You should take benefits as soon as the blue arrow appears above the chart.

Bottom line, if you listen to the data on the developer’s website, it looks like this is a great system. We have not found negative customer reviews, and the price of this service is 147 USD, being the best we have the option of a free trial version if we want to try it before buying.

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Forex Service Review

FX Delta Forex Trading System Review

FX Delta is a system that can help the trader increase his profitability thanks to market trends. This program was created by a professional trader named Jordan Kuzmanov in 2016. Overview FX Delta identifies strong trends developing in financial institutions (such as banks). FX Delta also expects where the trend will continue or reverse. The […]

FX Delta is a system that can help the trader increase his profitability thanks to market trends. This program was created by a professional trader named Jordan Kuzmanov in 2016. Overview FX Delta identifies strong trends developing in financial institutions (such as banks). FX Delta also expects where the trend will continue or reverse. The […]

FX Delta is a system that can help the trader increase his profitability thanks to market trends. This program was created by a professional trader named Jordan Kuzmanov in 2016.

Overview

FX Delta identifies strong trends developing in financial institutions (such as banks). FX Delta also expects where the trend will continue or reverse. The work of this company focuses on two elements. The first is called Delta Scanner. It is a high-speed and efficient visual instrument that identifies the market that is currently being developed and is suitable for trading. All markets are covered by Stocks, Forex, Indices, Raw Materials, and Cryptocurrencies.

Main features of FX Delta

-FX Delta trades on the Metatrader4 platform, so we understand that there should be no problems with choosing the broker the customer wants.

-FX Delta has buttons with direct access to close or open commands. The program has a fully customizable design.

-It is possible to use fixed or variable batches. The trade size, risks, and volumes can be adjusted after sending the signal.

-Traders who trade news can receive updates and news through pop-up alerts, also via email, or alerts on their smartphones.

-The client has a complete guide to use, several video tutorials, webinars, and an e-book called “Fast Divergence Course.”

-FX Delta is currently offering its license for free.

FX Delta Trading Strategy

Creators claim that the FX Delta trading strategy can be used successfully by both beginner traders and professional traders. Clients will receive all the necessary material as well as several video lessons. The strategy is explained with the smallest details, and the only thing that is needed from the trader is the intention to understand everything.

The program identifies trends in long time frames while, at the same time, looking for market corrections in shorter time frames. After analyzing this, the algorithm will determine the best market entries, in other words, sites with the highest possibility of continuing the trend and with the least risk. The algorithms detect momentum and volume together with price action in order to identify trends and to verify whether they are suitable for both intraday trade and long-term trade.

Trading Results

On the official website, users can check that all data on business activities are available. The home page presents the results in the form of charts and diagrams. Any trader can understand them in detail. The tables report the entry price, the stop loss, and the final result. In the tables, you can also see images to enter and exit each trade. The drawback we have found in all these data is its inconsistency. There is no verification. There is no Myfxbook account, and therefore commercial results are likely to be manipulated.

Client Reviews

The comments on the company’s official website are mostly positive. Many traders seem to be satisfied with the system and express their respect to the developer, Jordan Kuzmanov. But, on the internet, you can find negative evaluations about the activities of this company. Some comments mention corrupt practices on the part of FX Delta employees, and others have complained of problems with withdrawals.

Conclusion

The developer of FX Delta is a highly respected person in the Forex industry. He started trading in 2009. Kuzmanov has developed a commercial strategy that satisfies a good number of traders. However, the initial capital is significant compared to other companies. The deposit should be at least 500 USD. Information on the trade performance of FX Delta users is also not available.

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Forex Service Review

ScalpingMonsterBot Expert Advisor Review

ScalpingMonsterBot can be found within the Experts category of the MQL5 marketplace. It was created by Andrey Kozak and was first uploaded to the marketplace on the 10th of March 2020, it has received an update on the 24th of March 2020 and is not at version 2.0 of the software. Overview ScalpingMonsterBot is an […]

ScalpingMonsterBot can be found within the Experts category of the MQL5 marketplace. It was created by Andrey Kozak and was first uploaded to the marketplace on the 10th of March 2020, it has received an update on the 24th of March 2020 and is not at version 2.0 of the software. Overview ScalpingMonsterBot is an […]

ScalpingMonsterBot can be found within the Experts category of the MQL5 marketplace. It was created by Andrey Kozak and was first uploaded to the marketplace on the 10th of March 2020, it has received an update on the 24th of March 2020 and is not at version 2.0 of the software.

Overview

ScalpingMonsterBot is an expert advisor that can be used with the MetaTrader 4 trading platform. The EA was designed to work as a scalping robot that can be used on all currency pairs. The EA has shown its best results on the GBPUSD currency pair, the main conditions required for the EA to function properly are for it to have a minimum spread, so an ECN account is recommended.

The EA works on the principle of sharp impulses within the markets, it will make trades during these spikes in price and volatility. The Ea may not open trades every day and instead, the trades will depend on the market conditions, if they do not satisfy the requirements then it will not open up a new trade. Due to this, the EA has the potential to open up 10 trades in a single day, or it can not open a trade for days at a time. You are able to run multiple instances of the robot on different currency pairs, this can be done using the magic number parameter within the EAs settings.

The EA uses the martingale strategy which can make it quite risky, we would recommend using very low lot sizes as the higher the starting size the riskier it can be, even for those with very large accounts.

Some of the main features of the EA:

Trades on most major currency pairs.
minimum trade balance 50 $
trades on all timeframes.
Easily optimized to find the best options.
Very easy to install and configure.
trades both on the local PC and on the VPS server.

https://youtu.be/DOpiIlH9mtw

There are a few parameters that come with the EA, these can be altered to slightly change the functions of the EA. Some of these parameters include the lot sizes to use, the maximum size of the lots, the option to choose the martingale increments, stop loss size, take profit sizes, how shape the price movement needs to be to open up a trade, and an option for magic numbers.

There are some recommended setting that comes with the EA for the GPUSd, EURUSD, and NZDUSD pairs, we would advise using these, however, they do not specify the account size of the settings, so we would also advise using slightly lower numbers for the starting lots if you do not have a very large account.

Service Cost

The ScalpingMonsterBot can be purchased with a single payment of $157, purchasing it allows you to activate the EA up to 5 times, there are no further limitations once purchased. There is also the option to rent the EA for two different time periods, the first is on a monthly basis which will cost you $97 per month, you can also rent it for the period of three months which will cost you $127 to do.

There is also a free demo version that can be downloaded within the MetaTrader 4 platform, this demo version is limited to being used within the strategy tester of the platform rather than on live accounts.

Conclusion

Unfortunately, at the time of writing, there were no reviews or ratings from anyone that has used the EA, which means that we cannot see whether they are finding it useful and profitable, it could also be seen as a positive as many people do not leave a positive review, only negative, so not having any negative reviews is also a  good sign. There are also no comments, so the support being offered cannot be observed, due to this, we would suggest that you send any questions that you may have to the developer as a way to make sure that they are still around to offer support should you decide to make a purchase or rental of the EA.

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Forex Service Review

Renko Arman EA3 Review

Renko Arman EA3 is a robot created in March 2020 by Egyptian developer Samir Arman. Samir Arman is a prolific creator of Eas and has a lot of trading tools in the MQL market. The expert consultant is working on Renko’s chart. Renko’s charts focus on price changes that meet a minimum requirement and completely […]

Renko Arman EA3 is a robot created in March 2020 by Egyptian developer Samir Arman. Samir Arman is a prolific creator of Eas and has a lot of trading tools in the MQL market. The expert consultant is working on Renko’s chart. Renko’s charts focus on price changes that meet a minimum requirement and completely […]

Renko Arman EA3 is a robot created in March 2020 by Egyptian developer Samir Arman. Samir Arman is a prolific creator of Eas and has a lot of trading tools in the MQL market.
The expert consultant is working on Renko’s chart. Renko’s charts focus on price changes that meet a minimum requirement and completely ignore time. Because of this, they are somewhat similar to dot and figure graphics, or perhaps to tics graphics. No matter if it takes a week for the price to change, there will be no marks on the chart until the price changes. Renko looks a little different from other graphics because they use bricks, which can be considered as candles with only the body.

Main Parameters of Renko Arman EA3

  • Lot1: Manual batch size.
  • Auto lot: Automatically calculate optimal batch size based on risk preferences.
  • Max risk: Max Risk as a percentage of Equity.
  • Take profit: Control the size of the target by the number of pip you should not use.
  • Stop loss: Stop loss control by the number of pip you should not use.
  • Time start: Start of expert work on GMT time.
  • Time end: The job is finished at the same time GMT.
  • Magic number: EA Magic Number.
  • Currency: EUR or USD.

Renko Arman EA3 Recommendations

The EA works technically on any currency pair, but for best results use on the following curves: EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, EURJPY, and USDCAD, or any other currency that spreads less than 8 pips spread.

-Time frame: For the Renko theory, it does not matter the time frame to choose.

-Recommended minimum amount and leverage: 1:400 or more.

-Minimum Recommended deposit: 1000 USD or equivalent amount.

-Recommended lot size: 0.01.

In conclusion, we are talking about an EA that trades on the basis of Renko’s theory, where the important thing is the price changes and not so much the time in which they occur. When working with an EA it is very important to have a dedicated virtual server or VPS, otherwise, it will be necessary to keep our computer on 24/7 so that all commands are executed correctly. It is also important to have an ECN account in a reliable broker with low latency so that our trades run in the shortest time possible.

This tool has been on the market for a very short time and currently, there are no comments from users who have tried it and can tell us their experience. Given the price of this EA, a high price, we miss that the creator of the tool does not have an audited real account where we can verify the results and know a little more about the operation of the same.

This EA is available for sale on the MQL market at a price of 1500 USD, an investment that is not available to all pockets, so we recommend downloading the demo version to learn more about how this tool works and verify what results can be expected from it. It is also possible to rent this EA at a price of 300 USD per month.

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Forex Service Review

Shepherd Harmonic Pattern Indicator Review

Shepherd Harmonic Pattern can be found within the indicators section of the MQL5 marketplace. Abdullah Alrai first uploaded the indicator to the MQL5 marketplace on the 26th of April 2016, it has had a number of updates, it was last updated on the 18th of August 2018 and is now at version 9.2 of the […]

Shepherd Harmonic Pattern can be found within the indicators section of the MQL5 marketplace. Abdullah Alrai first uploaded the indicator to the MQL5 marketplace on the 26th of April 2016, it has had a number of updates, it was last updated on the 18th of August 2018 and is now at version 9.2 of the […]

Shepherd Harmonic Pattern can be found within the indicators section of the MQL5 marketplace. Abdullah Alrai first uploaded the indicator to the MQL5 marketplace on the 26th of April 2016, it has had a number of updates, it was last updated on the 18th of August 2018 and is now at version 9.2 of the indicator.

Overview

Shepherd Harmonic Pattern is an indicator for the MetaTrader 4 trading platform, it was created to detect harmonic patterns which will then be drawn onto the charts via either a manual or automated method.

Some of the main features:

The indicator has a control panel with presets and it will save every (chart & time frame) setting.
The indicator is simply an interpretation of harmonic trading theory for detecting harmonic patterns on the chart. If you want to learn it you can search for Scott Carney’s book named “Harmonic Trading vol 1 & 2”
The indicator has price and time alert lines.
The indicator will draw Fibonacci fans on your detected patterns.
The indicator will draw Pivots/Camarilla/Patterns Ray.
You can load manually drawn objects from higher time frames into lower time frames.
Reset buttons will clear all saved settings (All/Current) timeframe.
The indicator has an alert/notification system that will provide you with targets/stop/entry points as a signal.
The indicator will detect divergence (yellow and orange arrows) and they serve as good confirmations.
The indicator will calculate the best lot size for every pattern as it is good for your balance with risk value as you insert in settings.
Indicator will also detect price action patterns (Pin Bar, InsideBar, OutSideBar).

A selection of parameters is also available for the indicator, these will alter some of the functions of the indicator. Some of the settings include the indicator theme, candle timers, color of bullish or bearish patterns, font colors, types of alerts, inside and outside bar sensors, historic bars, and more.

Service Cost

The indicator can be purchased for $100 this will give you full access with no limitations, many indicators on the MQL5 marketplace offer you the opportunity to rent them, but the Shepherd Harmonic Pattern indicator is not giving that option. There is a free demo version available, unfortunately, the details of the free version are not known, it is still worth downloading to check it out though.

Conclusion

There are over 40 different user reviews available and it has been given an overall rating of 4.5 out of 5.

“Great Indicator, especially when you are patient and wait for the best entry on H1 or H4 seems to get better results. Developer Abdullah helped me out by connecting remotely and resolving my issue. Excellent service, Big thanks.” – A 5-star review.
“unresponsive seller” – A 1-star review.
“Good indi so far…we know where the candle wants to go..buy or sell..start profit but need to backtest n follow all the sop if u can for the best result..don’t put all your bullets after pattern showed..coz the pattern may be redrawn..put your bullets layer by layer n make sure manage your MM carefully..just my 2cent…” – A 5-star review.

The majority of the reviews are all very positive, there are a few negative ones in there too, both about the developer and the actual indicator. One of the reviews above mentions an unresponsive seller, but when we look at the comment section, we can see the developer replying to the majority of messages so the reviewer may have been an anomaly. We would suggest that you try out the free version, you should also send any queries to the developer to see if they respond and so you can be sure that the indicator will do what you need before you make a purchase.

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Forex Service Review

Trade Copier Global Review

The Trade Copier Global is utility software for MetaTrader 4 that can be found on the MQL5 marketplace. The software was originally released on the 13th of January 2017, it has since been updated to version 7.0 and was last updated on the 28th of November 2019. Overview The Trade Copier Global is a utility […]

The Trade Copier Global is utility software for MetaTrader 4 that can be found on the MQL5 marketplace. The software was originally released on the 13th of January 2017, it has since been updated to version 7.0 and was last updated on the 28th of November 2019. Overview The Trade Copier Global is a utility […]

The Trade Copier Global is utility software for MetaTrader 4 that can be found on the MQL5 marketplace. The software was originally released on the 13th of January 2017, it has since been updated to version 7.0 and was last updated on the 28th of November 2019.

Overview

The Trade Copier Global is a utility designed to be used with MetaTrader 4, it aims to do what the title says, to copy trades from one account to another.

Its list of main features include:

Copying trades between MT4 terminals around the world with a short delay.
Automatically recognizes symbol prefixes.
Can connect many Slaves to the same Master.
Supports pending and market orders.
Supports partial order close (with limitations, see below)
Can send messages and notifications to the Slaves from the Master
Several lot calculation methods
The software will be constantly improved based on feedback
Does not affect the trades made by other EAs

There are also a number of settings and parameters that can be updated and changed to suit your requirements. You can select which account is a master or slave, choose what items are copied such as stop losses, take profits, buy orders, sell orders, lot multipliers, and more.

Service Cost

The Trade Copier Global can be purchased for $89, it can also be rented for three months by paying $25, you will need to pay this every three months unless you purchase the full version. There is also a free version available however we are not able to say what the limitations of this free version are.

Conclusion

There are ten written reviews available for this software, each one is giving it 5 stars so the overall score is five out of five.

“Very good product, powerful and efficient. Autor is very reactive and listens to feedback to optimize and upgrading. Thank you very much.” – A 5-star review.
“This is an excellent product. This EA can help you to copy trades between different trading accounts with different brokers running on different devices/computers. On top of this Laszlo is also providing a 5 start support. He replies to your queries quickly.” – A 5-star review.
However, there is one review that did not give a rating: “Do not buy it. There are limitations on the number of providers. He told me there are no limitations and is not the truth: there are only 10. I contacted the support for a refund and not approved. Poor support.”

So there are some mixed feelings on the software, we would recommend checking out the free version just to make sure that it does have the features that you require prior to purchasing anything.

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Forex Service Review

Run Intelligence Trend Indicator Review

Run Intelligence Trend can be located within the indicators section of the MQL5 marketplace, it was first uploaded on the 12th of July 2018 by Marco Solito, it has not had any further updates so the version of the indicator is still version 1.0. Overview Run Intelligence Trend is an indicator that was designed to […]

Run Intelligence Trend can be located within the indicators section of the MQL5 marketplace, it was first uploaded on the 12th of July 2018 by Marco Solito, it has not had any further updates so the version of the indicator is still version 1.0. Overview Run Intelligence Trend is an indicator that was designed to […]

Run Intelligence Trend can be located within the indicators section of the MQL5 marketplace, it was first uploaded on the 12th of July 2018 by Marco Solito, it has not had any further updates so the version of the indicator is still version 1.0.

Overview

Run Intelligence Trend is an indicator that was designed to be used with the MetaTrader 4 trading platform, its main purpose is to work with intraday trading and is based on moving averages and CPA. The indicator will look for trends and will then follow the trend and its trend retracements.

It is best used with a low spread ECN broker, you should only use the recommended pairs, but the site states that all pairs are recommended, it can also be used with any timeframe.

In terms of parameters, there are only two:

Apply Price: calculation applied to Open price, Close price, High price, Median price, etc.
Period: the time period for the indicator to calculate

Service Cost

Run Intelligence Trend is available to purchase for $39, purchasing it will get you up to 5 activations of the indicator, it can also be rented on a monthly basis, this will cost you $19 per month. A free demo version is also available, no details are available so it may only be sued with the strategy tester rather than a full-blown demo version.

Conclusion

The indicator currently has three user ratings which are giving it an overall rating of 5 out of 5.

“It is a helpful tool, it like the Ichimoku” – A 5-star review.
“Good Indicator, easy to use, thanks..” – A 5-star review.

While there aren’t many reviews, those that are there are very positive which is great to see. There are also a few comments, the creator has been replying to them quickly, unfortunately, there have not been any comments since 2018, due to this we would suggest contacting the developer with any questions that you may have in order to ensure that it is still being actively supported before you make a purchase.

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Forex Service Review

Tralling Expert Advisor Review

Tralling can be found within the Experts section of the MQL5 marketplace, it was first uploaded on the 16th of November by its developer Dmitry Shutov, it has not received any updates since it was first uploaded and so the expert advisor is still on version 1.0. Overview Tralling was created for the MetaTrader 4 […]

Tralling can be found within the Experts section of the MQL5 marketplace, it was first uploaded on the 16th of November by its developer Dmitry Shutov, it has not received any updates since it was first uploaded and so the expert advisor is still on version 1.0. Overview Tralling was created for the MetaTrader 4 […]

Tralling can be found within the Experts section of the MQL5 marketplace, it was first uploaded on the 16th of November by its developer Dmitry Shutov, it has not received any updates since it was first uploaded and so the expert advisor is still on version 1.0.

Overview

Tralling was created for the MetaTrader 4 trading platform and was designed to automatically move the stop loss at a regulated distance from the current market price. It will work on any currency pair and will work on multiple pairs at once. The main input that is available is to choose the step required between each stop-loss movement.

Service Cost

The expert advisor will currently cost you $10 to purchase it outright, this will allow you to activate the expert advisor up to 5 times. Due to its low cost, there is no option to rent the indicator. A free demo version is provided, this may only be used on the strategy tester, there are no further details given regarding the free version on the site, it may still be worth downloading to try out.

Conclusion

Unfortunately, there are no user reviews given for Tralling so it is hard for us to gauge how users are finding it and whether or not it is doing what it is meant to do. There are a few comments, the developer of the expert advisor has not replied to the most recent ones and their last reply was back in 2016, so it is not clear as to whether he is still actively supporting the EA. We would suggest trying the free version and also contacting the creator with any queries that you may have just to make sure that it is still being supported before you make a purchase.

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Forex Service Review

Strong Vs. Weak Forex Indicator Review

Strong VS Weak is a piece of software that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded on the 11th of December 2015, there aren’t any updates mentioned on the site, the current version of the indicator is version 1.1, which was created and uploaded by Yossarian […]

Strong VS Weak is a piece of software that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded on the 11th of December 2015, there aren’t any updates mentioned on the site, the current version of the indicator is version 1.1, which was created and uploaded by Yossarian […]

Strong VS Weak is a piece of software that can be found within the Indicators section of the MQL5 marketplace. The indicator was first uploaded on the 11th of December 2015, there aren’t any updates mentioned on the site, the current version of the indicator is version 1.1, which was created and uploaded by Yossarian Escobedo.

Overview

Strong VS Weak is an indicator designed for the MetaTrader 4 trading platform, it has been designed to help measure the strength of the 8 major currencies (USD, EUR, GBP, JPY, CHF, AUD, NZD, and CAD). The indicator only needs to be placed on one chart and can simultaneously monitor the entire market. 

The main features of this indicator:

Easily monitor the strength of the 8 major currencies and all 28 pairs. USD, EUR, JPY, GBP, CHF, AUD, NZD, and CAD
Unlike most strength meters, this meter measures each currency against a weighted basket of its peers. 
You can select the precise time to begin calculating values. For Example The beginning of the New York trading session or after a news-event.
The indicator can trigger real-time crossovers alerts.
You have full control of the colors and currencies to be displayed.
The plotted graph allows you to analyze when crossovers occurred, as well as anticipate any potential extremes.
A full analysis of up/down percentage values, as well as head-to-head comparisons between currencies.

There are a number of different settings and parameters available to alter, these will help change the way the indicator works to better suit your needs. Some of these inputs include whether to have alerts on or off, the interval of the alerts, the colors of lines and arrows, sizes of the indicator, currency selection, line thickness and, more.

Service Cost

The Strong VS Weak indicator will currency cost $79 to purchase, this will give you unlimited access with no restrictions, if you do not wish to purchase it, then you are able to rent it, you can rent the indicator on a one-month basis which will cost you $59 per month you are also able to rent it on a three-month basis which will cost you $69 every three months. There is a free version available, this does have some limitations, the site does not indicate what the limitations are, however.

Conclusion

At the time of writing, there are 8 different reviews available, each one of the reviews giving the indicator and 5 out of 5 ratings.

“Can’t say enough about the quality of this service. The tool provides an instant overview of all currency pairs and their relative strength to each other. Now I can see what is happening in the marketplace in real-time in terms of currency strength. A personal thanks to Mike for all your 5-star help.”
“This indicator is fantastic, very good for any business and market analysis … With it you have a quick and accurate analysis on the buying and selling strength of each currency, being fundamental to any trading. I already took the opportunity to purchase other indicators from this seller. I recommend everyone for the great service and quality of products.”
“This is the best indicator I have ever used. Besides, the seller is awesome. You deserve 5 stars.”

So all of the reviews are very positive which is a good sign, There are also a number of comments on the indicator page, Yossarian Escobedo the creator of the indicator is replying to each one in a prompt manner which is a good sign for the possible customer service that you will receive once you purchase or rent the indicator. We would suggest that you try out the free version prior to making a purchase, just to make sure that it suits your requirements and that you are able to get it functioning properly.

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Forex Service Review

Smart Channel EA for MT4 Review

Smart Channel EA MT4 can be found on the MQL5 marketplace, it was created by Eshan Tarakemeh and was first uploaded to the marketplace on the 12th of February 2020, it has since been updated on the 8th of March 2020 and is currently at version 1.1. Overview Smart Channel EA MT4 is an expert […]

Smart Channel EA MT4 can be found on the MQL5 marketplace, it was created by Eshan Tarakemeh and was first uploaded to the marketplace on the 12th of February 2020, it has since been updated on the 8th of March 2020 and is currently at version 1.1. Overview Smart Channel EA MT4 is an expert […]

Smart Channel EA MT4 can be found on the MQL5 marketplace, it was created by Eshan Tarakemeh and was first uploaded to the marketplace on the 12th of February 2020, it has since been updated on the 8th of March 2020 and is currently at version 1.1.

Overview

Smart Channel EA MT4 is an expert advisor for the MetaTrader 4 trading platform, its main purpose is to use trend lines and advanced channels to place orders, open and close positions, manage risk per trade, spread, slippage, and trailing stops in order to take profits automatically.

The main list of features for the Smart Channel EA MT4 software:

  • Money Management (Calculate Risk-Reward ratio, Volume, profit, and loss)
  • Trend-Age-Aware Risk Management
  • Hides Stop-Loss and Take-Profit from your broker
  • Status reports through push notifications, email, and popup alerts
  • Supports both pending and instant execution order types
  • Share your channel configuration with your friends
  • Shows channel configuration errors and warnings
  • Easy adjustment graphically and numerically
  • Trailing Stop-Loss and Take-Profit
  • Spread specification table

Service Cost

The Smart Channel EA MT4 expert advisor can currently be purchased for $69, this is a discounted price, the EA will normally cost $129, this is a one-time payment that will get you up to 10 activations of the software. There is no option to rent it. There is a free demo version, but this can only be sued with the strategy tester within the MT4 platform.

Conclusion

At the time of writing, there are no reviews or ratings for the Smart Channel EA. This means that we do not know how popular people are finding it or whether it is doing what it is supposed to be doing. There are also no comments so we do not know whether the developer is actively supporting it after purchase. We would suggest contacting the creator with your questions, this will allow you to make sure that it will do what you need it to, and also ensure that you will receive support once it has been purchased.

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Forex Service Review

Price Action Diver Power Indicator Review

Price Action Diver Power is an indicator that was created in January 2019 by developer Igor Otkidach. Price action diver power is a multi-currency indicator that simultaneously evaluates the entire market basket (all currency pairs available). Overview To start the operation of this indicator, it is necessary to: – Add all currency pairs available in […]

Price Action Diver Power is an indicator that was created in January 2019 by developer Igor Otkidach. Price action diver power is a multi-currency indicator that simultaneously evaluates the entire market basket (all currency pairs available). Overview To start the operation of this indicator, it is necessary to: – Add all currency pairs available in […]

Price Action Diver Power is an indicator that was created in January 2019 by developer Igor Otkidach. Price action diver power is a multi-currency indicator that simultaneously evaluates the entire market basket (all currency pairs available).

Overview

To start the operation of this indicator, it is necessary to:

– Add all currency pairs available in the Market Watch tab.

– Before the first installation of the indicator, it is required to open all the dating tables of the “Market Watch” tab for your trading platform to automatically download all the historical quotes needed for the indicator to work.

– Pay attention to the name of the currency pairs in your trading terminal. Brokers often put a symbol – suffix to the currency pair name. For example – Eurusd X, where the “x” is the suffix.

If the currency pair name on your trading platform is different from the usual name, you must specify this suffix in the manual setting of the indicator.

  • For the auto-optimization of the indicator, it is necessary to:
  • Put the indicator in the quotation table.

For the variable “Automatic optimization algorithm”, select “True” and click “OK” to apply the indicator.

After applying the indicator with the automatic optimization parameter enabled, the optimization will have started. It’ll look like your trading platform is frozen. Don’t worry, it’s optimized. The average optimization time takes about 10-15 seconds. About 10-15 seconds after the indicator is optimized, a message will appear indicating that auto-optimization has been done and the statistics for the parameters already optimised will be seen in the scoreboard.

Many options can be tried to filter the optimization options. The best algorithm works by choosing the asset that has the most benefit amount and a benefit factor of at least 2.0. Therefore, the optimizer of this indicator goes through a lot of possible options (about 10,000 options) and you will have to choose the one that has the most amount of gain, and the gain factor of at least 2.0.

The prompt writes all optimization results to a special file and stores them in the “Files” section in the main directory of your trading platform. This is done with the aim of not carrying out a self-optimization constantly, but to use the parameters that were optimized before. This file will then be continuously updated (each time a planned auto-optimization takes place at a time of your choice).

Once you have already optimized the H1 time frame (or another different time frame) of a particular currency pair and currently want to optimize for H4 time frame (or another time frame), the number of the “Optimization ID” will have to be changed. This unique number helps the indicator filter out previously obtained results and does not allow the same optimization results in different timeframes.

It must be understood that the movement dynamics of the oscillating line of this indicator differ significantly in different time frames. By default, the indicator has optimization in time frame H1. But if you want to optimize the indicator for other time frames, it is better to use the set files to optimize different time frames.

The time of the planned optimization can be any you want. The default is Sunday at 11:30 (platform schedule). For the moment, the markets are closed and self-optimization will not prevent your trade. The planned optimization will be done every week at the time you specify it. The main thing is that at this time your platform was working.

Service Cost

If you are interested in this product anyway, you can find it for sale on the MQL market at a price of 98 USD. You can also rent it for 30 USD per month or try its demo version before deciding to buy it or rent it.

Conclusion

In short, we are talking about an indicator not suitable for beginner traders because of its complexity when it comes to configuration. It is very important to know well how to trade with the action of the price, and this way of trading needs a good time to master it and thus understand the functioning of this indicator. We have found numerous criticisms of this indicator in comments from its users, some positive, and some negative, so there is no clear consensus on its usefulness.

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Forex Service Review

PTS Demand Index Indicator Review

The PTS Demand Index is a Forex indicator that can be found on the MQL5 market. The indicator was added to the MQL5 marketplace on the 29th of January 2016, there don’t appear to be any further updates and so the indicator is still on version 1.0. Overview The PTS Demand Index is an indicator […]

The PTS Demand Index is a Forex indicator that can be found on the MQL5 market. The indicator was added to the MQL5 marketplace on the 29th of January 2016, there don’t appear to be any further updates and so the indicator is still on version 1.0. Overview The PTS Demand Index is an indicator […]

The PTS Demand Index is a Forex indicator that can be found on the MQL5 market. The indicator was added to the MQL5 marketplace on the 29th of January 2016, there don’t appear to be any further updates and so the indicator is still on version 1.0.

Overview

The PTS Demand Index is an indicator that can be used with the MetaTrader 4 trading platform, it is designed to make simple work of the interpretation of volume and price as a combination.

The indicator can be used in a number of ways:

Divergences: When the asset price is making new highs and the demand index is not, this is a bearish divergence and it could be an indicator for a future price trend change.

Trend Detection: Detecting when the asset price crosses the zero line, meaning either buying or selling over a period of time, a signal will be produced. If the demand index is around the zero lines, this does not mean much. However, when it breaks through, the indicator will alert you and will show the supply and demand imbalance. This can be utilized as a possible entry position.

Break Outs: When the market is ranging on the demand index, and then a breakout appears possible, there will likely be a breakout in the same direction as the underlying market.

Prediction of the next movement: Whenever there is an extreme price movement up or down at the peak of the demand index, this implies that there is quite a lot of buying or selling, and will be followed by a further price move in the same direction.

Extended Divergence: Whenever the market continues to trend upward or downward and the demand index shows the opposite, this is often a signal of a major bottom or top forming.

Service Cost

The PTS Demand Index indicator can be purchased outright for $95, there is also an option to rent it for $15 a month, you will need to pay this $15 for each month that you wish to use it. There is also a free version available, unfortunately, there is not any indication as to what the limitations of this free version are.

Conclusion

There aren’t any actual reviews for the indicator, there are a couple of comments in which the creator of the indicator has made prompt replies which is a positive to the support being provided. As there are no reviews, we do not know how it is working for people who have used it (there are 20 activations so 20 people are currently using it/purchased it), so we would highly recommend that you download the free demo version, this way you are able to test it out and to make sure that it functions properly before having to make a purchase.

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Forex Service Review

Relative Strength of Currencies Indicator Review

The Relative Strength of Currencies is an indicator that can be found on the MQL5 marketplace. The original software was released back on the 3rd of November 2015, it has been updated since but was last updated on the 24th of December 2015 and is currently on version 4.0. Overview The Relative Strength of Currencies […]

The Relative Strength of Currencies is an indicator that can be found on the MQL5 marketplace. The original software was released back on the 3rd of November 2015, it has been updated since but was last updated on the 24th of December 2015 and is currently on version 4.0. Overview The Relative Strength of Currencies […]

The Relative Strength of Currencies is an indicator that can be found on the MQL5 marketplace. The original software was released back on the 3rd of November 2015, it has been updated since but was last updated on the 24th of December 2015 and is currently on version 4.0.

Overview

The Relative Strength of Currencies is an indicator to be used with the MetaTrader 4 trading platform, it is actually a cluster indicator that calculates the relative strength of the eight major currencies. It allows you to control a number of indicators:

  • Heatmap, Currencies – dashboards showing the relative strength of currencies.
  • Pairs – dashboard which indicates the strength of currency pairs.
  • Speed – dashboard which highlights the speed of change of the relative strength of various currencies.
  • MuliTF – main dashboard which should be utilized for analysis. This panel displays the price data from all periods.

It also has a currency power calculation which is based on the following indicators:

  • Complex Common Frames percent (CCFp)
  • Complex Common (CC)

There are plenty of parameters and settings that can be changed to alter the indicator to work the way you need it to. Some of these settings include things like the mode of calculation, the method of moving averages, the type of signal line, the period of calculating momentum, and many more options are available.

Service Cost

The indicator will cost you $40 to purchase outright, there is also an option to rent it for 1 year, this will cost you $15 to do so. There is also a free demo version available, we do not know if there are any limitations to the demo account or if there is a time limit on its use.

Conclusion

There are four different reviews available on this indicator, they are all 5-star reviews which is a good sign.

“Wow! Why I did not find this tool earlier? This is genius!!!” – A 5-star review.
“I confirm the tool is very good. Personally, I find it very informative in terms of recognizing pairs with good potential.” – A 5-star review.
“This is a fantastic tool (and I have hundreds of them) to find and evaluate trades. Shows a lot of info and points out the pairs to trade. Been using over a month and it is well worth the money!!!!!” – A 5-star review.

So the overall opinion is that it works and does what it says it will, we would recommend downloading and trying the free demo version before making a purchase, that was you can be sure that it works the way it is intended and actually suits your needs.

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Forex Service Review

Falcor Forex Trading Robot Review

The Robot Trader Forex company has created another expert advisor called Falcor Forex Robot. The team is proud that their EA Falcor helps traders regain control of real-time graphics with untimely indicators and price action.

The Robot Trader Forex company has created another expert advisor called Falcor Forex Robot. The team is proud that their EA Falcor helps traders regain control of real-time graphics with untimely indicators and price action.

The Robot Trader Forex company has created another expert advisor called Falcor Forex Robot. The team is proud that their EA Falcor helps traders regain control of real-time graphics with untimely indicators and price action.

They claim that this Forex robot has been designed using advanced trading logic, so we will do a complete overhaul and know if this trading system meets our expectations in terms of results, strategy, and customer feedback. Traders can contact customer support by creating a Kayako ticket.

Overview

According to the website, there are six reasons why a trader should be interested in the Falcor Forex Robot. All transactions are fully automatic; there are no lagging indicators, exchanges occur 24 hours a day, settings are done in just 5 minutes, it is easy to use, and it is compatible with multiple currency pairs.

The Falcor Forex robot strategy uses “price action to find operations while they act. The Robot Trader Forex team believes that most automated systems also spend a lot of time analyzing historical data to find trading opportunities. At the same time, with this robot they prefer to base their commercial configurations on what the price is doing right now.

Product Details

No detailed strategy information is provided. Robot price: 99 USD (currently reduced by 50%). Strategy: Price action. Currency pairs used: AUDCAD, CADJPY, NZDCAD, EURJPY, EURUSD, NZDJPY, USDSGY, GBPUSD, GBPJPY, EURAUD, USDCHF, EURCHF, GBPCHF, and CADCHF.

For 99 USD, the Falcor Forex Robot comes with a single license that can be used exclusively in MT4. This provider does not appear to have upgraded any of its systems to MT5.

User Reviews

There are many reviews on the Internet, and they got a 2.4 out of 5 in FPA. Moreover, we have not been able to find detailed information from users about this robot, as it is one of the least popular options that developers offer.

Commercial Results

The creators provide statements with promises of profits ranging from $30,000 to $115,000 per month, but none of these statements they provide are verified. They could easily connect their robot to Myfxbook and show us that the data is real, but they don’t perform this practice. For this reason, and because the results are quite scandalous, we simply do not believe that the results are real. Almost all the robots on the market now use some kind of service to share statements and verify their operations.

Conclusion

While the website looks professional, the Falcor Forex Robot does not meet our expectations when it comes to strategy, business results, and customer feedback. We may review the site periodically to see if any adjustments were made, and update our review accordingly. We do not currently consider it a recommended robot.

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Forex Service Review

SFO Trend Racer Indicator Review

Uploaded on the 20th of April 2018 by Tevin Marshall, the SFO Trend Racer can be found on the MQL5 marketplace. It has had a number of updates, the most recent of its updates being on the 23rd of July 2018 and it is currently on version 2. Overview Designed for the MetaTrader 4 trading […]

Uploaded on the 20th of April 2018 by Tevin Marshall, the SFO Trend Racer can be found on the MQL5 marketplace. It has had a number of updates, the most recent of its updates being on the 23rd of July 2018 and it is currently on version 2. Overview Designed for the MetaTrader 4 trading […]

Uploaded on the 20th of April 2018 by Tevin Marshall, the SFO Trend Racer can be found on the MQL5 marketplace. It has had a number of updates, the most recent of its updates being on the 23rd of July 2018 and it is currently on version 2.

Overview

Designed for the MetaTrader 4 trading platform, SFO Trend Racer is an indicator that aims to serve six different functions. The indicator will show you entry signals as well as exit signals, take profits and when to stop losses, it will also use trend filters and signal confirmations to allow you to make better decisions.

The indicator is self-correcting if the markets change and behave differently the indicator will be able to update its signals and will let you know of any changes that have happened.

The indicator will offer you a number of signals that mean different things:

Blue Arrow: Buy Signal
Red Arrow: Sell Signal
Aqua Arrow: Buy Pullback Trend Continuation
Orange Arrow: Sell Pullback Trend Continuation
Aqua Line: Buy Confirmation
Orange Line: Sell Confirmation
Blue Check: Consider profit on a buy position
Red Check: Consider profit on a sell position
Blue X: Consider exit on a buy position
Red X: Consider exiting sell positions
Blue Support: Critical reversal buy area
Red Support: Critical reversal sell area

In terms of parameters, there aren’t many of them, just the type of alert that you wish to receive, you can have it as an email, audible, or push notification.

Service Cost

The SFO Trend Racer will currently cost you $279 to purchase it outright, this is a one-off payment and will get you a limitation-free version. If you prefer, there is also the option to rent the indicator, this will cost you $29 per month, or for three months it will cost you $89.

The free demo version is also available, the site does not detail what the limitations are but we know there will be some, in fact, it may only be usable on the strategy tester, we aren’t entirely sure. It may be worth downloading and trying out due to the high purchase price of the indicator.

Conclusion

Just one review is available for the SFO Trend Racer.

“I’ve been using Trend Racer for two weeks now and it has been an excellent indicator that works very well at giving entry and exit signals for trades. I have been using it in one of my live accounts and my success with having winning trades regardless of the market direction has been positive thus far. I would highly recommend this indicator.“ – A 5-star review.

So the user review is positive and shows that it is doing what it is meant to do, there is just one comment which is someone saying that they can’t download it, we are not sure about the support that you will receive from the developer so it may be a good idea to send any queries to them so ensure that they are still actively supporting the indicator before you make a purchase or a rental.

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Forex Service Review

PZ MA Crossover EA Review

PZ MA Crossover EA was created by Arturo Lopez Perez and can be found on the MQL5 marketplace. It was first uploaded on the 29th of January 2019, it was originally uploaded as version 3.0 and it has not had any further updates. Overview The PZ MA Crossover EA is an expert advisor created for […]

PZ MA Crossover EA was created by Arturo Lopez Perez and can be found on the MQL5 marketplace. It was first uploaded on the 29th of January 2019, it was originally uploaded as version 3.0 and it has not had any further updates. Overview The PZ MA Crossover EA is an expert advisor created for […]

PZ MA Crossover EA was created by Arturo Lopez Perez and can be found on the MQL5 marketplace. It was first uploaded on the 29th of January 2019, it was originally uploaded as version 3.0 and it has not had any further updates.

Overview

The PZ MA Crossover EA is an expert advisor created for the MetaTrader 4 trading platform, it was created as an EA to trade moving average crossovers, it is fully automated and has a lot of customizable options.

A few of the key features of the expert advisor include that ut is easy to use/supervise, full customizable moving averages settings, customizable break even, take profits and stop losses, can trade FIFO style, can use martingale and reverse martingale, and more.

The EA has a number of behaviors:

Regular: Buy on bullish crossovers and sell on bearish crossovers
Inverse: Sell on bullish crossovers and buy on bearish crossovers
Only buy: Buy on bullish crossovers and disregard bearish crossovers
Only sell: Sell on bearish crossovers and disregard bullish crossovers

There are also a few different money management modes available:

Trade manual lot size: The EA will trade a fixed lot size on each trade
Auto-calculation of lot sizes: The EA will risk % of the account on each trade
Martingale: The EA will double the lot size after a losing trade
Inverse Martingale: The EA will double the lot size after a winning trade

There are a few different parameters that can be altered, these include things like the trading direction, moving averages settings, session settings, position management, session settings, money management, and EA settings.

Service Cost

The expert advisor is completely free to download so there is no cost and no rental options. Due to it being free, there is also no need for there to be a free demo version.

Conclusion

There have been four reviews from its users, they have given the PZ MA Crossover EA an overall rating of 4.5 out of 5.

“Excellent EA! EA seems to trade the crossovers for my strategy a 2-3 bars sooner than the crossovers visually appear on the charts which makes a huge difference to profits/sl when trading intraday. Thanks to the author for releasing it for free. I will try some of your other products soon!” – A 5-star review.

The other reviews did not give any written comments, the only other written review did not leave a rating. The majority are very positive, there are also a few comments, the developer was replying to them but has not responded to any of the last few and none from the year 2020 so it is not clear if the EA is still being supported. If you are planning on using it, we would suggest contacting the developer with any questions, just to make sure that he will be there to offer support should you decide to download it.

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Forex Service Review

RSI EA (Relative Strength Index) Review

The RSI EA (Relative Strength Index) is an expert advisor that can be found on QUIVOfx. On that site, traders will find quite a variety of expert advisors and indicators. For today though, we’ll focus solely on their RSI EA and its features and performance.  Overview The way the system works is by finding both […]

The RSI EA (Relative Strength Index) is an expert advisor that can be found on QUIVOfx. On that site, traders will find quite a variety of expert advisors and indicators. For today though, we’ll focus solely on their RSI EA and its features and performance.  Overview The way the system works is by finding both […]

The RSI EA (Relative Strength Index) is an expert advisor that can be found on QUIVOfx. On that site, traders will find quite a variety of expert advisors and indicators. For today though, we’ll focus solely on their RSI EA and its features and performance. 

Overview

The way the system works is by finding both entry and exit positions. It finds the entry-level by looking at the RSI level breaks if it goes into the oversold or overbought levels it may open a trade. In order to exit the trades, when the RSI level gets into a specific level.

The expert advisor is designed to be used on the MetaTrader 4 trading platform and there are three different versions available, the Basic, Advanced, and Pro account. The different versions come with different features, the higher the version the more features you will get.

All three versions come with money management, the ability to trade on new bars, an inverse strategy, and 2 different entry strategies.

The advanced version also comes with trailing stops, a break-even system, a spread filter, an MA trend filter, exit strategies, and the ability to trade just once per bar.

The Pro version comes with all the same features as well as a martingale system, candle trail, ATR tail, day/time filters, reverse on an opposite signal, and a trade direction feature.

There aren’t any examples of potential profits created by this expert advisor. 

Service Cost

The basic version of this expert advisor is free, the Advanced level has a cost of CHF 29.90 while the Pro account has a cost of CHF 39.90. The Basic version can be used as a demo version of the expert advisor.

Conclusion

There are 170 ratings given to this expert advisor, at the moment its overall rating is 3.6/5, this isn’t a terrible score for having 170 ratings, however, it does show that it most likely does not work for anyone. There aren’t any actual written reviews about this expert advisor that we could find. The expert advisor is very basic and only looks at a single aspect of trading, however, there are plenty of options on the more advanced versions.

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Forex Service Review

RAMO Golden Saturation Indicator Review

RAMO Golden Saturation can be found within the MQL5 marketplace, it was created by Mohammad Hashemi and was first uploaded to the marketplace on the 17th of January 2019, it was uploaded as version 1.1 and has not received any additional updates since being uploaded. Overview RAMO Golden Saturation is an indicator that was created […]

RAMO Golden Saturation can be found within the MQL5 marketplace, it was created by Mohammad Hashemi and was first uploaded to the marketplace on the 17th of January 2019, it was uploaded as version 1.1 and has not received any additional updates since being uploaded. Overview RAMO Golden Saturation is an indicator that was created […]

RAMO Golden Saturation can be found within the MQL5 marketplace, it was created by Mohammad Hashemi and was first uploaded to the marketplace on the 17th of January 2019, it was uploaded as version 1.1 and has not received any additional updates since being uploaded.

Overview

RAMO Golden Saturation is an indicator that was created for the MetaTrader 4 trading platform. It is the main indicator for the RAMO manual trading system which looks at the state of saturation within the market based on time series calculations.

The indicator works with multiple different currencies and can be used on multiple timeframes. The indicator will calculate the overbought and oversold levels within the market based on time and trend movement comparisons.

Some tips from the developer:

  • Overlapping the different time frames especially 4H, daily & Weekly simultaneously is the ideal time for finding one saturation in a short time frame to booming the trend and it can show the real peaks & bottom price.
  • A trader should wait until the closing of the candle based on the time frame, to realize the real status of saturation.

Service Cost

The indicator can only be rented, it can be done on a monthly basis which will cost you $30 per month to rent, there is no option to purchase it outright and you will get up to 5 software activations. There is a free demo version that can only be used with the strategy tester within the MT4 platform.

Conclusion

The RAMO Golden Saturation indicator has not received any user reviews or comments, this makes it impossible for us to tell whether it is doing what it is meant to do and whether or not it is a useful indicator. Due to the lack of information, we would suggest contacting the creator of the indicator with any questions that you may have, this way you can ensure that it will work for you and that the developer is still actively supporting git before you make a rental.

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Forex Service Review

MT4 Harmonic Volatility Indicator Review

The harmonic volatility indicator is the first technical analysis to be applied in Fibonacci’s analysis of financial volatility. The Harmonic Volatility Indicator is another trading tool that acts at the price action level, combining robust Fibonacci relationships at different levels (0.618, 0.382, etc.) with market volatility. Initially, the Harmonic Volatility Indicator was developed to overcome […]

The harmonic volatility indicator is the first technical analysis to be applied in Fibonacci’s analysis of financial volatility. The Harmonic Volatility Indicator is another trading tool that acts at the price action level, combining robust Fibonacci relationships at different levels (0.618, 0.382, etc.) with market volatility. Initially, the Harmonic Volatility Indicator was developed to overcome […]

The harmonic volatility indicator is the first technical analysis to be applied in Fibonacci’s analysis of financial volatility. The Harmonic Volatility Indicator is another trading tool that acts at the price action level, combining robust Fibonacci relationships at different levels (0.618, 0.382, etc.) with market volatility. Initially, the Harmonic Volatility Indicator was developed to overcome the limitation and weakness of Gann’s Angle, also known as Gann’s Fan. 

Overview

It has been shown that the Harmonic Volatility Indicator can be applied similarly to the Gann Angle (or Gann Fan) in your charts. At the same time, since volatility is very important information for traders, the indicator of harmonic volatility can also bring many other benefits to all traders. The Harmonic Volatility Indicator can either be incorporated into your current technical analysis, or you can use it as a complement to the totally independent technical analysis for your trading. It is also very effective at detecting mature trends in its final phase. You can use this powerful tool to identify significant levels of support and resistance, trend reversal points, and trend forces.

Configuration of Operations

As long as you understand the principle of basic trading, you can expand your trading with different ideas using the indicator of harmonic volatility. Let us speak here of four examples:

Possible Trading Configuration 1 – Harmonic Volatility Indicator as Trading Zone (Investment and Breakout Trading Configuration)
Possible trading configuration 2 – Harmonic volatility indicator and common oscillators (trading investment settings)
Possible Trading Configuration 3 – Harmonic Volatility Indicator and Market Profile (Trading Investment Styles and Possible Trading with Breakout Mode)
Possible Trading Settings 4 – Harmonic Volatility Indicator and Harmonic Pattern Plus and Market Profile (Trading Investment Settings)

Indicator Settings

The following entries control the overall configuration of the indicator.

Daily session number: 0 means that the indicator will not draw any daily volatility line. 1 means that the indicator will draw a set of daily volatility lines. You can create several sessions of daily volatility lines. However, too many sessions can slow down your Metatrader. So you better use the right number for your computer.

Weekly session number: It is configured in the same way as the daily session entry.
Monthly Session Number: It is configured in the same way as the daily session entry.
Start index: 0 is the default value. For 0, the indicator will start drawing from session 0.
Using White Chart: True means you will use a white background chart.
Color of the daily line: Color of the daily line.
Weekly line color: Weekly line color.
Monthly line color: Monthly line color.
Show probability lines: Turn on and off the curve probability line.
Show final projection: Turn on and off the trading zone box.
Final projection margin: Box size.

Service Cost

You have a free trial version to evaluate it, and you can also rent it for $25 a month. If you want the full version, you can also buy it for 70 USD. You can buy the indicator in the MQL market in the indicators section.

Conclusion

In summary, we talk about an indicator with some complexity, which will be more suitable for those traders who understand harmonic patterns. This indicator was created in April 2018, and although it has little criticism from its users, they are quite positive, so if you are interested in a harmonic pattern indicator, this may be the right one.

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Forex Service Review

Identify Trend Indicator Review

Identify Trend is an indicator created in March 2019 by developer Aleksey Ivanov. The Identify Trend indicator uses fairly simple but robust filtering methods (based on the mobile median – XM algorithm) and more complex algorithms (XC, XF, XS, four types of SMAWL, EMAWL, SSMAWL, LWMAWL). Overview This indicator, developed by the author, allows the […]

Identify Trend is an indicator created in March 2019 by developer Aleksey Ivanov. The Identify Trend indicator uses fairly simple but robust filtering methods (based on the mobile median – XM algorithm) and more complex algorithms (XC, XF, XS, four types of SMAWL, EMAWL, SSMAWL, LWMAWL). Overview This indicator, developed by the author, allows the […]

Identify Trend is an indicator created in March 2019 by developer Aleksey Ivanov. The Identify Trend indicator uses fairly simple but robust filtering methods (based on the mobile median – XM algorithm) and more complex algorithms (XC, XF, XS, four types of SMAWL, EMAWL, SSMAWL, LWMAWL).

Overview

This indicator, developed by the author, allows the beginning of a true trend movement very precisely and, most importantly, with a small delay, and the identification of a soil. Such an indicator can be used for the strategies of trade climbers, as well as the use of long-term trade strategies. The operating algorithms of the indicator have been developed from complex mathematical formulas.

The readings of the indicators are visual, extremely simple, and do not require a comment. The blue line of the indicator marks an upward trend, the gold line is flat, and the red line is the downward trend. Consequently, entry points to buy, when the red or gold line is replaced by blue, and to sell – on the contrary, when the blue line or gold line is replaced by red.

The possible times of change in the direction of price movement are also indicated with arrows. The indicator has all kinds of alerts. Alerts are activated when the indicators (for trend direction) coincide on the last two bars. From version 2.0 of this indicator, restrictions are introduced on the trade of a free distribution indicator – only the H4 time frame can be used. To trade in all terms, use the Identify Trend PRO indicator or the professional version with rich features.

Indicator Settings

Type of price – price applied. Values: Near price, Open price (default), High price, Low price, Average price ((high + low)/2), Typical price (high + low + close)/3), Weighted price (high + low + 2 + close)/4).
The averaging method – Values: XC= XF – XS + SMMA (default), XF= x/SMMA> *SMMA, XS= x*SMMA>/SMMA, XM= Max(x} + Min({x>/2), WLSMA, MAWL, WL, MAWL, WL, MAWL.
The averaging period – averaging period. Values: any integer (3 by default).
The display method. Values: Show arrows only (default), Show lines and arrows, Show lines only.
Line (arrows) thickness. Values: an integer ny (2 by default).
Trend DOWN color line=Red
Trend UP line color= Aqua
FLATLINE color=Gold
Trend DOWN arrow color=Magenta
Trend UP color arrow=Lime
The Signal Method – Type of Trade Signal Alert. Values: No, Send alert, Print (in expert), Comment (in graphic), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.

Service Cost

This indicator is currently being offered free of charge, so download it while you can while there is no charge. Of course, there is no guarantee that there will not be some cost for this Forex tool in the future.

Conclusion

In short, we are talking about one of the many trend indicators. In this case, we can test this indicator for free, as the developer does not charge anything for the use of this indicator. In your favor, you have quite a few user reviews that have already tested the utilities of this indicator are quite positive, so we lose nothing by checking it and knowing if the tool is useful for our trading.

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Forex Service Review

NRP Harmonic Patterns MA Fractals Indicator Review

NRP Harmonic Patterns MA Fractals Based can be located on the MQL5 marketplace, it was created and uploaded by Sergey Efimenko on the 8th of June 2019, it has had a couple of updates, the most recent of which was on the 7th of March 2020 and it is currently at version 1.4.

NRP Harmonic Patterns MA Fractals Based can be located on the MQL5 marketplace, it was created and uploaded by Sergey Efimenko on the 8th of June 2019, it has had a couple of updates, the most recent of which was on the 7th of March 2020 and it is currently at version 1.4.

NRP Harmonic Patterns MA Fractals Based can be located on the MQL5 marketplace, it was created and uploaded by Sergey Efimenko on the 8th of June 2019, it has had a couple of updates, the most recent of which was on the 7th of March 2020 and it is currently at version 1.4.

Overview

NRP Harmonic Patterns MA Fractals Based is an indicator that can be used with the MetaTrader 4 platform. It is an indicator that was designed to display harmonic patterns on the graphs without redrawing and with a low delay. 

The indicator is able to recognize ABCD, Gartley (Butterfly, Crab, Bat), 3Drives, 5-0, Batman, SHS, One2One, Camel, Triangles, WXY, Fibo, Vibrations patterns.

The main parameters that come with the indicator include the number of bars to analyze, to show up or down arrows, to enable alerts and alert types, used price, using high or low bar values, to limit points on patterns, and more.

Service Cost

The NRP Harmonic Patterns MA Fractals Based can be purchased outright for $50, this comes with up to 5 activations and no other limitations. If you would prefer to rent the indicator, you can do this for a period of six months, it will cost you $25 for that six-month period.

A free demo version is also available, the details are not shown on the site which often means that it can only be used with the strategy tester within the MT4 platform.

Conclusion

There are no reviews, ratings, or comments for the NRP Harmonic Patterns MA Fractals Based indicator. This means that we do not know whether people are finding that it does what it is meant to do or if it is useful at all. Due to the lack of feedback, we would strongly suggest that you contact the developer, you can use that opportunity to ensure that the indicator will do what you need it to do, it is also a way to make sure that the developer is still around and offering support for the indicator.

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Forex Service Review

Pivot Prof MT4 Advanced Support & Resistance Indicator Review

Pivot Prof MT4 can be located on the MQL5 marketplace under the indicators section. It was first uploaded on the 15th of January 2014 by its creator Paul Anscombe, it has received many different updates, the most recent update was on the 28th of November 2019 and it is currently at version 13.3. Overview Pivot […]

Pivot Prof MT4 can be located on the MQL5 marketplace under the indicators section. It was first uploaded on the 15th of January 2014 by its creator Paul Anscombe, it has received many different updates, the most recent update was on the 28th of November 2019 and it is currently at version 13.3. Overview Pivot […]

Pivot Prof MT4 can be located on the MQL5 marketplace under the indicators section. It was first uploaded on the 15th of January 2014 by its creator Paul Anscombe, it has received many different updates, the most recent update was on the 28th of November 2019 and it is currently at version 13.3.

Overview

Pivot Prof MT4 is an indicator that was designed to be used with the MetaTrader 4 trading platform. The indicator can work with all asset types including currency pairs, indices, commodities, shares, CFDs, and more.

There are plenty of features available including:

  • Choice of five different popular pivot formulas (Standard, Fibonacci, Camarilla, Woody’s, and DeMark).
  • Hourly, Daily, Weekly, Monthly, Quarterly, and Custom Pivots, as well as Support & Resistance levels.
  • Mid-Pivot levels included.
  • Previous high/low and current open levels shown.
  • Custom starting hours to allow for tuning into the levels to the market.
  • Customize the way Sunday rates are calculated.
  • Select any or all time-frames to be displayed simultaneously.
  • AutoHide feature works to keep your charts organized by hiding levels that are irrelevant to the chart time-frame.
  • Customize the line styles, colors, fonts, and visibility.

There are some additional parameters that come with the indicator, these can be viewed within the manual that comes with a purchase or rental of the indicator.

Service Cost

The indicator will cost you $59 to purchase it outright, there is also an option to rent it on a monthly basis which will cost you $19 per month. Both ways of purchasing the indicator will give you up to 5 activations of it. There is a free demo version that can be used with the strategy tester within the MetaTrader 4 platform.

Conclusion

There are 16 user reviews, they all seem very positive and have given the indicator an overall rating of 5 out of 5.

“10 March 2016 The Windows upgrade needed PivtProf to be reinstalled. This is really no big deal normally. However, instructions on reinstalling PivotProf are not easy to get. “Help” does not respond !! (Very useful indicator indeed)” – A 4-star review.
“Best indicator ever doesn’t matter what strategy you have it works and fits with all methods which will save time” – A 5-star review.
“Excellent, very helpful tool, Thank you” – A 5-star review.

The reviews are all very positive, there are also over 150 comments, the developer has been very active in replying to questions and queries, the last comment was from December 2019 so it has been a few months, we would suggest sending your queries to the creator in order to ensure that it is still being actively supported before you make a purchase or a rental.