Category: Forex Service Review

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Forex Service Review

Horizontal Channel Alert with Custom Fibo Review

Horizontal Channel Alert with Custom Fibo can be found within the MQL5 marketplace under the indicators heading. It was first uploaded to the marketplace on the 13th of October 2017 by its creator Yurij Izymunov and received a number of updates. It was most recently updated on the 7th of January 2019 and is currently […]

Horizontal Channel Alert with Custom Fibo can be found within the MQL5 marketplace under the indicators heading. It was first uploaded to the marketplace on the 13th of October 2017 by its creator Yurij Izymunov and received a number of updates. It was most recently updated on the 7th of January 2019 and is currently […]

Horizontal Channel Alert with Custom Fibo can be found within the MQL5 marketplace under the indicators heading. It was first uploaded to the marketplace on the 13th of October 2017 by its creator Yurij Izymunov and received a number of updates. It was most recently updated on the 7th of January 2019 and is currently at version 1.7 of the software.

Overview

Horizontal Channel Alert with Custom Fibo is an indicator designed for the MetaTrader 4 trading platform (a MetaTrader 5 version is also available). The indicator was created to trade during horizontal channel breakthroughs, it will search for prices that are exceeding the extreme points and then bouncing back, it will offer you sound alerts any time that this occurs.

The indicator is able to plot channels both at high/low and open/close prices. The indicator will automatically attach the channels to the prices, the channel area can be expanded or reduced on the chart, it can also draw horizontal and Fibonacci levels on the timeframe that you need without removing any other details.

There are also some settings that come with the indicator, these include reverse Fibonacci levels, to auto-build Fibonacci levels by range, time range, the color of channels, channel width, channel length, alerts, notifications, to limit alerts, price mode, custom Fibo lines, and more.

Service Cost

The indicator can currently be purchased for $30, this is a one-time payment that will get you up to 1000 product activations. There is also an option to rent the indicator, this can be done monthly and will cost you $10 per month.

Horizontal Channel Alert with Custom Fibo also offers a free demo version, this will only be usable with the strategy tester within MetaTrader 4 but may still be worth downloading to try out before you make a purchase.

Conclusion

Unfortunately, there aren’t currently any user reviews or ratings, so we do not know whether people are finding it useful and that it does what it was designed to do, there are some comments from people who have purchased or rented it, they are mainly asking for support, the developer has been replying to each one which is a great sign as to the kind of support you would receive. There have not been any comments since the start of 2019, so before making a purchase, we would suggest sending any queries that you have to the developer, this is a way to check that there will still be some support once it has been purchased.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/25834

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Forex Service Review

Halo M15 Automated Expert Advisor Review

Halo M15 can be found within the Experts section of the MQL5 marketplace, it was first uploaded to the marketplace on the 21st of March 2020 by its creator Raphael Schwietering. There have not been any updates since being updated so the software is still at version 1.0. Overview Halo M15 is an expert advisor […]

Halo M15 can be found within the Experts section of the MQL5 marketplace, it was first uploaded to the marketplace on the 21st of March 2020 by its creator Raphael Schwietering. There have not been any updates since being updated so the software is still at version 1.0. Overview Halo M15 is an expert advisor […]

Halo M15 can be found within the Experts section of the MQL5 marketplace, it was first uploaded to the marketplace on the 21st of March 2020 by its creator Raphael Schwietering. There have not been any updates since being updated so the software is still at version 1.0.

Overview

Halo M15 is an expert advisor that was created to be used with the MetaTrader 4 trading platform. The EA has been optimized to work with the EURUSD currency pair on the M15 timeframe. It uses complex algorithms along with some other indicators to work out its entry and exit points. It works with bar close only, it does not actually give any more information on its actual trading strategy.

The EA comes with some additional features which include working with 4 or 5 digit brokers, it has a spread filter, an equity stop functions, offers drawdown protection, take profit bracket functions, to stop trading once take profit or stop loss target is reached, fast buttons for order types, an information panel, 5 types of money management including fixed lots and percentages, adjustable trading times, and an advanced algorithm for entering the exiting the markets.

There are also some parameters and settings that to come with the EA which allows you to alter its functions. Some of these inputs include showing the information panel, magic numbers, lot sizes, risk management settings, take profit and stop loss goals, maximum spreads, slippage, minimum equity, and many more.

Service Cost

The expert advisor will cost you $499 to purchase it outright, this is a one-time payment that will get you up to 50 activations. There are also a few rental options available, it can be rented for a three month period which will cost $199, for six months it will cost $299 and for a year it will cost $399. There is also a free demo version, but this is limited to be ing used with the strategy tester within the MT4 trading platform and cannot be used on a live account.

Conclusion

There are currently no user reviews or ratings so we do not know whether people are finding the EA profitable or whether it is doing what it is intended to do, there are also no comments from users so we do not know if the developer is offering support, due to this we would suggest contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47490

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Forex Service Review

Fast Copy MT4 Trade Copier Review

The Fast Copy MT4 utility is designed to copy trades between account sand platforms, it is currently available on the MQL5 marketplace. To avoid confusion, we have included a link below in order to show exactly which piece of software we are looking at. The current version (at the time of writing) is version 3.13 […]

The Fast Copy MT4 utility is designed to copy trades between account sand platforms, it is currently available on the MQL5 marketplace. To avoid confusion, we have included a link below in order to show exactly which piece of software we are looking at. The current version (at the time of writing) is version 3.13 […]

The Fast Copy MT4 utility is designed to copy trades between account sand platforms, it is currently available on the MQL5 marketplace. To avoid confusion, we have included a link below in order to show exactly which piece of software we are looking at. The current version (at the time of writing) is version 3.13 and was last updated on the 24th of November 2019.

Overview

The Fast Copy MT4 utility is designed to copy trades between your accounts and different terminals, the software can copy from MT4 to MT4, MT4 to MT5, MT5 to MT4, and MT5 to MT5, although if you wish to copy to MT5 you will need to purchase an additional piece of software for that platform.

The main features of this trade copier are:

  • One tool for sending and receiving transactions: [master] or [slave] operation              mode can be selected in the program
  • One provider [master] can copy trades to multiple receivers [slave] accounts
  • One receiver [slave] can copy trades from multiple providers [master] accounts
  • Absolutely compatible between MetaTrader 4 ↔ MetaTrader 5 as well as Netting ↔        Hedge order/position accounting systems
  • Copying SL and TP — optional. It is possible to set custom SL and TP levels for            trades opened by the program
  • Copying Buy Limit, Sell Limit, Buy Stop and Sell Stop pending orders — optional
  • Receiver’s account [slave] can still trade manually or use other EAs without any            conflict
  • The ability to copy any characters in any combination. By default, the most suitable      pairs will be offered, then you can select any pair
  • Ability to copy trades and orders depending on their Magic Number
  • Restore all settings and status after the terminal closure
  • Easy usage and friendly interface
  • Execution speed

There is also a wide range of parameters that can be altered in order to change the functionality of the software. These include things like multipliers, balance ratio, whether to copy buys, sells, take profits, stop losses, and more.

Service Cost

You are able to purchase this piece of software for $55, you are also able to pay for it monthly which will cost you $12 per month. A free demo version is also available, however, we do not know what the limitations of this free version are.

Conclusion

There are 37 reviews on the site which an average rating of 4 ½ stars.

“Good product I have used both fastcopymt4 and mt5, and the author is very responsive. Great Job!” – a 5-star review.

“There must be a bug in the code as the EA has just opened 10 random trades for a major loss.” – a 1-star review.

“Fast copy speed, but partial close doesn’t work -> partially closing the order from the master account will close the entire order on the slave and then open a new one with different price.” – a 4-star review.

So as you can see a mixed bag of reviews, but the majority are very positive, due to the mix in reviews they seem a lot more legitimate. However, when buying new software, we would always recommend downloading the demo version of the software, just to make sure that it does what it is meant to and that you are able to set it up correctly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/18932

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Forex Service Review

Enter Use Fibonaci EA Review

Enter Use Fibonacci can be found within the MQL5 marketplace, it was first uploaded to the marketplace on the 22nd of March 2020 by its creator Chaiya Srisawat, it received an update on the same date that it was uploaded and is currently at version 1.10. Overview Enter Use Fibonacci is an expert advisor that […]

Enter Use Fibonacci can be found within the MQL5 marketplace, it was first uploaded to the marketplace on the 22nd of March 2020 by its creator Chaiya Srisawat, it received an update on the same date that it was uploaded and is currently at version 1.10. Overview Enter Use Fibonacci is an expert advisor that […]

Enter Use Fibonacci can be found within the MQL5 marketplace, it was first uploaded to the marketplace on the 22nd of March 2020 by its creator Chaiya Srisawat, it received an update on the same date that it was uploaded and is currently at version 1.10.

Overview

Enter Use Fibonacci is an expert advisor that can be used with the MetaTrader 4 trading platform, its main purpose is to use Fibonacci levels to work out the current market conditions. It will wait for the price to reverse to the desired levels in line with the Fibonacci levels. The EA will use ZigZag indicators to help calculate the high and low points which are then used to create the Fibonacci levels.

The parameters of the EA adjust themselves automatically but are limited to the H4 timeframe and D1 timeframes only. When the price is closed above or below the LevelforOpen, the EA will open an order in the opposite direction to the trend, it will also create stop loss and take profit levels

There are some parameters that come with the EA, these include magic numbers, lot sizes, risk management settings, Fibonacci settings, line colors, level colors, and more.

Service Cost

The Enter Use Fibonacci can be purchased with a single payment of $40, this will get you up to 5 activations of the software with no further limitations. Unlike many EAs on the MQL5 marketplace, there is no option to rent the EA, there is a free demo version available, but this can only be used with the strategy tester within the MT4 platform.

Conclusion

There are no reviews or ratings available for his expert advisor which makes it quite hard to work out whether people are finding it useful or profitable, there are also no comments available which also makes it hard to know whether the developer is still providing active support. Due to both of these reasons, we would suggest contacting the developer with any queries that you may have, this is a way to make sure that the EA will function how you need it to, and as a way to find out whether the developer is still around to offer support for those that purchase the EA.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47506

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Forex Service Review

Donchian Safe FX EA Review

Donchian Safe EA can be found on the JMQL5 marketplace under the Experts category. It was uploaded by its creator Ciprian Ghebanoaei on the 24th of December 2019, it has had its most recent update on the 30th of AMrch 20202 and is currently at version 2.0. Overview Donchian Safe EA is an expert advisor […]

Donchian Safe EA can be found on the JMQL5 marketplace under the Experts category. It was uploaded by its creator Ciprian Ghebanoaei on the 24th of December 2019, it has had its most recent update on the 30th of AMrch 20202 and is currently at version 2.0. Overview Donchian Safe EA is an expert advisor […]

Donchian Safe EA can be found on the JMQL5 marketplace under the Experts category. It was uploaded by its creator Ciprian Ghebanoaei on the 24th of December 2019, it has had its most recent update on the 30th of AMrch 20202 and is currently at version 2.0.

Overview

Donchian Safe EA is an expert advisor that was designed for the MetaTrader 4 trading platform. It has been created as an automated EA that is based on the Donchian Channel indicator.

In order to enter the market, the following must occur:

Long Entry: Donchian Channel
The bar opens above Upper Band after opening below it.

Long Exit:
RVI changes its direction upward

Short Entry: Donchian Channel
The bar opens above Upper Band after opening below it

Short Exit:
RVI changes its direction downward.

It is recommended that you have a balance of at least 500 USD and that you use it on the EURUSD pair within the M15 timeframe.

Service Cost

The expert advisor will currently cost you $49 to purchase it outright, this will get you up to 15 activations with no additional limitations. There is also the option to rent the EA, this will cost you $10 for a three month period. A free demo version is also available, this is limited to be ing used with the MetaTrader 4 strategy tester and cannot be used on live accounts.

Conclusion

Unfortunately, there aren’t any reviews or ratings for the EA, this means that it is hard for us to know how it is performing for those that have purchased it and whether or not it does, in fact, do hat it is meant to do. There is a comment which has had a reply from the developer so they are still supporting it, we would suggest sending your own queries to the developer so you can make sure that it is the right EA for you before you make a purchase or a rental.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/44766

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Forex Service Review

CCI Signal Indicator Review

CCI Signal can be found on the MQL5 marketplace, we have added a link to ti below so you can see exactly which indicator we are looking at. The indicator was uploaded by Oliver Gideon Amofa Appiah its creator, it was first uploaded on the 29th of August 2018, it has been updated on the […]

CCI Signal can be found on the MQL5 marketplace, we have added a link to ti below so you can see exactly which indicator we are looking at. The indicator was uploaded by Oliver Gideon Amofa Appiah its creator, it was first uploaded on the 29th of August 2018, it has been updated on the […]

CCI Signal can be found on the MQL5 marketplace, we have added a link to ti below so you can see exactly which indicator we are looking at. The indicator was uploaded by Oliver Gideon Amofa Appiah its creator, it was first uploaded on the 29th of August 2018, it has been updated on the 3rd of September 2018 and is currently at version 1.20.

Overview

CCI Signal is an indicator for the MetaTrader 4 trading platform, the indicator is based on s custom CCI that will be colored in order to reflect the current trend. The indicator does not repaint and can be used when scalping, day trading, and swing trading.

The indicator can be used by following the colors:

  • Bright RED signifies strong SELL
  • Dull RED signifies weak SELL (take profit or use trailing stop)
  • Bright Green signifies strong BUY
  • Dull GREEN signifies weak SELL (take profit or use trailing stop)

Service Cost

You can purchase the CCI Signal indicator for $60 with no limitations and unlimited access. You are also able to rent the indicator, this can be done in three month period which will cost you $30, or you can rent it for one year which will cost you $45 for the year.

There is also a free demo version available, this version will have some limitations but what they are is not mentioned on the site, it is always worth downloading and trying out the free versions of the indicators though.

Conclusion

There is only one review but it isn’t really a review, it is more of a question and should have been within the comments section, there is only one comment in the comment section, it was posted a month ago and the developer still has no answered the questions which is not a good sign regarding the sort of customer services that you may receive. Due to the lack of reviews and the lack of response from the developer, we would highly suggest that you download and try out the free demo version and also send a query to the developer, this way you can be sure that the developer is still supporting the indicator and that the indicator functions the way that you need it to.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/31365

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Forex Service Review

Blazar Automated EA Review

Blazer is an expert advisor that can currently be bought or rented from the MQL5 marketplace. We have provided a link to the expert advisor below so you can see exactly which expert advisor we are talking about and so it is not confused with any other similar names ones. The current version of this […]

Blazer is an expert advisor that can currently be bought or rented from the MQL5 marketplace. We have provided a link to the expert advisor below so you can see exactly which expert advisor we are talking about and so it is not confused with any other similar names ones. The current version of this […]

Blazer is an expert advisor that can currently be bought or rented from the MQL5 marketplace. We have provided a link to the expert advisor below so you can see exactly which expert advisor we are talking about and so it is not confused with any other similar names ones. The current version of this expert advisor is version 2.19 which was last updated on the 26th of February 2020, it was originally released back on the 7th of October 2017.

Overview

The Blazer expert advisor has been designed to work with the MetaTrader 4 trading platform, it is a fully automated trading system that can be used on the EURUSD, GBPUSD, and USDJPY pairs on the M5 timeframe. The expert advisor uses price action in order to make its trades.

The expert advisor can be used in 2 different modes, these are normal mode where 1 signal means 1 trade, there is no martingale, grid or hedging. The recovery mode will cause the EA to try and recover faster by opening multiple positions in order to try and average out the trades and close.

Some of the main features of Blazar are:

  • Stable growth curve as a result of a high percentage of winning trades
  • Stress-tested on all available history, six-month live signal
  • Automatic GMT adjustment
  • The minimum deposit: $50 for Normal Mode and $300 for Recovery Mode
  • Easy setup and use

There are also a number of different setting sand parameters that can be changed including the starting lot size, whether it should automatically increase lot sizes, maximum slippage, maximum spreads, maximum positions, average step for the grid, and many more.

Service Cost

The expert advisor currently costs $349 to purchase outright, it can also be rented which will cost you $99 for a 3-month rental or $149 for a 6-month rental. The 1-month rental has recently been removed due to competitors giving low review scores (according to he Blazer creator). There is also a free version available, but we do not know what the limitations are of this free version.

Conclusion

There are 21 reviews in total for this expert advisor, the overall rating is currently sat at 4 our of 5 stars. The creator os the Blazer expert advisor states that the 1-star reviews are from his competitors, but we cannot know this for sure.

“The EA works well on my account, bringing stable profit. One of the few EAs at the Market with stable live results. Use it on EURUSD, results are the best there. I prefer to use conservative risks, not that high as on the developer’s account. Forex is a risky business on itself, having low risks is necessary to succeed in the long term.” – A 5-star review.

“The EA works well so far, but it trades extremely tiny 5pip profits at a big risk. Don’t like it” – A 2-star review.

“This is a very good expert adviser. I have run a ten year backtest with it and the results are impressive.” – A 5-star review.

The majority of the reviews are very positive, the majority of negative reviews are more aimed at the creator rather than the expert advisor itself, we would, however, recommend using the free version initially, just to make sure that it does in fact function the way that you need it to.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/37795

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Forex Service Review

Advanced Fibonacci Tool Review

Advanced Fibonacci Tool can be located within the indicators section of the MQL5 marketplace, there may be several Fibonacci tools so we have provided a link to the exact one that we are looking at. The indicator was uploaded by its creator Onur Uzuncakmak on the 20th of September 2017, it was last updated on […]

Advanced Fibonacci Tool can be located within the indicators section of the MQL5 marketplace, there may be several Fibonacci tools so we have provided a link to the exact one that we are looking at. The indicator was uploaded by its creator Onur Uzuncakmak on the 20th of September 2017, it was last updated on […]

Advanced Fibonacci Tool can be located within the indicators section of the MQL5 marketplace, there may be several Fibonacci tools so we have provided a link to the exact one that we are looking at. The indicator was uploaded by its creator Onur Uzuncakmak on the 20th of September 2017, it was last updated on the 16th of November 2016 and is currently on version 1.2.

Overview

Advanced Finobbacci Tool is an indicator designed for the MetaTrader 4 trading platform, there is also a MetaTrader 5 version available too. Its main purpose is to give a more advanced version of the standard Fibonacci levels indicator and will draw the levels onto the charts.

Some of the key features of the indicator:

-Drawing of Fibonacci retracement and expansion levels using hotkeys.
-Auto-adjusting of retracement levels once the market makes new highs/lows.
-Ability to edit/remove any retracement & expansion levels on the chart.
-Auto snaps to exact high and low of bars while plotting on the chart.
-Getting very clear charts even though many retracement and expansion series marks.

In terms of parameters, there is a number available that you can alter. Some of the options include the text font, font size, color of retracement levels, the color of expansion levels, width of resistance and expansion levels, custom retracement, and custom expansion.

Service Cost

The Advanced Fibonacci Tool can be purchased with a one-off payment of $89 which gets you unlimited access and no limitations. Unlike many indicators on the MQL5 marketplace, there is no option to rent it. There is also a free demo version, this will have some limitations attached to it, unfortunately, the site does not indicate what they are so we cannot say for sure, it may still be worth downloading to try out, just to see if it functions how you need it to be for making a purchase.

Conclusion

There are only two reviews for the indicator but they are both positive giving it an overall rating of 4.5 out of 5.

“Best Fibonacci Indicator in the market!!” – A 5-star review.

“Please add some function for multi-timeframe” – Not really a review but it gave 4-stars.

So the indicator has received some good rating and the developer has been replying to comments offering support which is a good indication towards the type of post-purchase customer support that you will receive. We would advise you to try out the demo version, and send any queries you have to the developer so you can be sure that it is the right indicator for you before you make a purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5577

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Forex Service Review

Advanced Currency Strength28 Indicator Review

The Advanced Currency Impulse with Alert is an indicator that can be found on the MQL5 market. We have added a link below so you can see exactly which indicator we are looking at. This indicator was originally released back on the 7th of September 2016, it was last updated on the 6th of January […]

The Advanced Currency Impulse with Alert is an indicator that can be found on the MQL5 market. We have added a link below so you can see exactly which indicator we are looking at. This indicator was originally released back on the 7th of September 2016, it was last updated on the 6th of January […]

The Advanced Currency Impulse with Alert is an indicator that can be found on the MQL5 market. We have added a link below so you can see exactly which indicator we are looking at. This indicator was originally released back on the 7th of September 2016, it was last updated on the 6th of January 2020 and is now at version 3.0 (at the time of writing).

Overview

The Advanced Currency Impulse wit Alert is an indicator designed to be used with MetaTrader 4, it uses some of its own proprietary features in order to function. The indicator is able to give alerts for 28 different currency pairs. It will show you whether the strength of a currency is growing or falling and bases its indication of potential trades on that information.

The indicator also uses the dynamic market Fibonacci 23 level in order to trigger alerts. These alerts can be within the trading window or via an email address and will indicate what sort of trade should be placed, you must place the trades manually though.

There are a number of different parameters available to change to help alter the indicator to better suit your requirements. You are able to select what the lines and graphs look like in terms of colors, thickness, and more. You are able to set up alerts within the window nad on which candles, to set it to draw additional or fewer lines and other alterations like that.

Service Cost

You are not able to purchase this indicator outright, instead, you need to rent it, you can rent it for three months for $62, however you can also rent it for one year for $78. There is also a free version available, but it does not indicate what the limitations of this version are or whether there is a time limit to its use.

Conclusion

There are 283 reviews for this indicator the overall rating is at 5 out of 5 which is very impressive. However, sometimes when everything is positive, it can look a little suspicious, there are a couple of negative reviews but the vast majority are positive.

“Taken by how much I have been impressed by Advanced Currency Strength28 Indicator I have also decided to rent this indicator for 1 year. In this case, I have seen that Impulse, although in my humble opinion I think it is a little below in terms of the strength of signals offered by Advanced Currency Strength28 Indicator, I also think however that they can be perfectly complemented. 5 stars.” – A 5-star review.

“Bernhards indicators look very promising and he provides very good support” – A 5-star review.

“I won’t rent it again. Waste of time and money.” – A 1-star review.

Some decent reviews, but a single negative, while the indicator looks very promising, we would recommend using the demo version for a while to make sure that it does in fact function how you desire and that you are able to get it set up properly before renting it.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/18155

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Forex Service Review

BF Scalper EA Review

BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version […]

BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version […]

BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version 1.7.

Overview

BF Scalper EA is an expert advisor that can be used with the MetaTrader 4 trading platform, its main purpose is to offer a simple yet effective EA that will use breakouts of the Bollinger Bands for its entry and exit signals.

The EA will set take profit and stop loss levels, it is best used on the M15 timeframe and with the GBP/USD, EUR/USD, EUR/CHF, EUR/AUD, GBP/CAD, USD/CAD, USD/CHF, and USD/JPY currency pairs.

The EA comes with a number of different parameters, these can be altered and doing so will slightly change the way that the EA functions. Some of the options include whether to use stealth mode, minimum equity, the band period, the entry and exit criteria, whether to use the tend filter, time restrictions, maximum negative swap filters, maximum spreads, and many more.

Service Cost

The BG Scalper EA is completely free to download, you will get unlimited access to the software completely free of charge. As there is no cost, there is also no need for a free demo version, so this is not available.

Conclusion

The BF Scalper EA has a lot of reviews, there are currently 77 user reviews which have given it an overall rating of 4 out of 5.

“I have been using BF Scalper EA for one week now on a demo account. Very good and profitable results. The author is also very quick to help and assist!! I will update in a month again and will start in real account in the near future if results maintain.” – A 5-star review.

“Very good EA thanks a lot. Update: profits and losses are equal.” – A 3-star review.

“Very impressive and complete EA, I have been testing it for a while now and I can say that the results (on real account) are very good. Definitely one of the best free EA I have ever seen. From my observations, the broker selection is very important for the proper functioning of the EA. The support from the developer is quick and accurate. I keep testing and will provide further updates on the results.” – A 5-star review.

As you can see, the majority of the reviews are very positive, those that are less than ideal show that the EA still functions, just the results aren’t quite as good as predicted. There are also over 700 comments for the EA, these are from people who have purchased the EA and Lachezar the developer has been replying to each one, the most recent comments and replies are from the day before writing this review, which shows that the developer is still very much active and offering a great level of support for their customers.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/28919

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Forex Service Review

Candle Pattern Finder Indicator Review

Candle Pattern Finder can be found on the MQL5 marketplace under the indicators section, we have added a link below to the exact indicator that we are looking at. Pavel Zamoshnikov first uploaded this indicator to the MQL5 marketplace on the 25th of May 2015, it received a number of updates, the most recent update was on the 29th of March 2017 which took the indicator up to its current version of 1.21.

Candle Pattern Finder can be found on the MQL5 marketplace under the indicators section, we have added a link below to the exact indicator that we are looking at. Pavel Zamoshnikov first uploaded this indicator to the MQL5 marketplace on the 25th of May 2015, it received a number of updates, the most recent update was on the 29th of March 2017 which took the indicator up to its current version of 1.21.

Candle Pattern Finder can be found on the MQL5 marketplace under the indicators section, we have added a link below to the exact indicator that we are looking at. Pavel Zamoshnikov first uploaded this indicator to the MQL5 marketplace on the 25th of May 2015, it received a number of updates, the most recent update was on the 29th of March 2017 which took the indicator up to its current version of 1.21.

Overview

Candle Pattern Finder is an indicator for the MetaTrader 4 trading platform that can be used to find various different candle patterns.

It is able to find the following patterns:

  • Hammer / Shooting Star (with or without confirmation*)
  • Inverted Hammer / Hanging Man (with or without confirmation*)
  • Engulfing (high or low sensibility**)
  • Piercing Line / Dark Cloud Cover (high or low sensibility**)
  • Three White Soldiers / Identical Three Crows (high or low sensibility**)
  • Morning Star / Evening Star including Doji Star
  • Rising Three Methods / Falling Three Methods
  • Meeting Lines
  • Harami, including Harami Cross

The main features of the Candle Pattern Finder indicator:

– The indicator implements virtually all candlestick patterns available for Forex from the book by G. Morris.
– The indicator is not tied to the size and shape of candlesticks since it uses the intellectual recognition technique, which is similar to human perception patterns are recognized so as a human eye would visually recognize them.
– You can choose to recognize separate candlestick patterns. Flexible settings for each pattern.
– Two languages are supported: English and Russian (the Language parameter). You can also add the names of the candlestick patterns, and in your mother tongue (send a private message to me).
– Sounds and message notifications of pattern formation. Emails and push notifications (parameters ON/OFF-Mail and ON/OFF-Push).

There are also plenty of parameters available to alter, some of them include parameters for different candlestick patters (Engulfing, Cloud, Hammer and Shooting Star, etc), notifications and alerts such as type and sounds, colors of arrows and lines, and other settings such as descriptions and language.

Service Cost

The indicator is one of the cheaper tones available, it can be purchased for $15 which will get you unlimited access to it, unlike any other indicators on the MQL5 marketplace, there is no option to rent it so buying it outright is your only option. There is a free demo version available, the free version is fully functional on the GBPUSD pair (history and signals in realtime) while on other instruments it can only use the history function going back 5 bars.

Conclusion

At the time of writing, there were 10 user reviews available, they have provided the indicator with an overall rating of 4.5 out of 5.

“This indicator has, in my opinion, the best value comparison to the price, you need to just set the setting properly! That is really important, because if not, it will show you too much signal, anyway believe you don’t need as much. So just set the setting like ——; only with confirmation, and low sensitivity accurate signals! Cheers quys!” – A 5-star review.

“Just bought this product, does what it says on the box but really helps you learn your candles without being intrusive. Highly recommended.” – A 5-star review.

“NOT good… NOT GOOD AT ALL.” – A 1-star review.

The majority of the reviews are very positive, the one negative review isn’t giving up a lot of information, even with all the positive reviews, we would suggest that you download and try out the free demo version, even with its limitations it will give you a better understanding of how the indicator works and also you will be able to make sure that it fulfills your needs prior to making a purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/9693

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Forex Service Review

Dual Bermaui Deviation Percent Indicator Review

Dual Bermaui Deviation Percent is currently located don the MQL5 marketplace. First uploaded on the 7th of April 2019 but its creator Muhammad Elbermawi, it has received a number of different updates, its most recent update was on the 8th of December 2019 and is currently at version 4.0.

Dual Bermaui Deviation Percent is currently located don the MQL5 marketplace. First uploaded on the 7th of April 2019 but its creator Muhammad Elbermawi, it has received a number of different updates, its most recent update was on the 8th of December 2019 and is currently at version 4.0.

Dual Bermaui Deviation Percent is currently located don the MQL5 marketplace. First uploaded on the 7th of April 2019 but its creator Muhammad Elbermawi, it has received a number of different updates, its most recent update was on the 8th of December 2019 and is currently at version 4.0.

Overview

Dual Bermaui Deviation Percent is an indicator that can be used with the MetaTrader 4 trading platform. The indicator is made up of colored tape that will show trading signals that depend on two Bermaui Deviation Oscillators and two moving averages.

Some of the main features of the indicator:

  • The combination of two BD% with two different periods could help at catching the        different market cycles.
  • Using BD% as a trend filter is a great advantage because of BD% work as a filter          for low volatility movements in the market.
  • Signals appear at the first open after buy/sell conditions met.
  • Well-designed parameters to help the user easily navigate between them.
  • DBD% code is revised to make sure that it will not consume the user’s PC memory.
  • DBD% arrows do not repaint or recalculate its results.
  • DBD% send emails and push notifications to mobile devices.
  • Easily switch between different symbols or time-frames.
  • Plot Standard Deviation or Linear Regression Channels to show Overbought and            Oversold areas.
  • Plot a grid of rounded numbers, which show the most important psychological              levels.
  • Plot Support and resistance levels that mirror supply and demand on the chart.

There is also a bunch of parameters and setting included, these are things like the candles, alerts of different events, arrow sizes, symbol sources, channel lengths, chart colors, and more.

Service Cost

The Dual Bermaui Deviation Percent indicator can be purchased for $50, this will get you up to 1000 activations and no other limitations. There is also the option to rent the indicator that will cost you $10 per month or $30 for a three-month rental.

There is a free demo version available, but the details of it are not made clear, this is often an indication that it may only be used with the strategy tester within MT4 but we cannot say for sure.

Conclusion

There are 12 user reviews available, giving the indicator a rating of 5 out of 5.

“Another high-quality product from Muhammad….I think there is none similar to this outside. If you never use Muhammad’s product before, try this one. There is a full function demo which limited to EU/H1.” – A 5-star review.

“This is my third indicator that I have bought from Muhammad and like his other indicators they are very useful. His support has been fantastic and fast. Two thumbs up!!” – A 5-star review.

“This is the best indicator. very robust and safe. I LOVE IT” – A 5-star review.

So the reviews are all very positive which is a great sign, the developer has also been very active in the comments section of the site. They have been providing their own posts as well as replying to those left by people who have purchased the indicator. The most recent comments wee in 2020 which shows that it is still being actively supported.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/37495

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Forex Service Review

Exp4 Duplicator Forex Utility Review

The Exp4 Duplicator is an expert advisor that can be found within the MQL5 marketplace, we have provided a link below for ou to see exactly which expert advisor we are referring to. The original version of this expert advisor was uploaded to the MQL5 marketplace on the 3rd of June 2015, it has been […]

The Exp4 Duplicator is an expert advisor that can be found within the MQL5 marketplace, we have provided a link below for ou to see exactly which expert advisor we are referring to. The original version of this expert advisor was uploaded to the MQL5 marketplace on the 3rd of June 2015, it has been […]

The Exp4 Duplicator is an expert advisor that can be found within the MQL5 marketplace, we have provided a link below for ou to see exactly which expert advisor we are referring to. The original version of this expert advisor was uploaded to the MQL5 marketplace on the 3rd of June 2015, it has been updated a number of times, the most recent being on the 23rd of August 2019, it is now on version 19.823.

Overview

EXP4 Duplicator is an expert advisor intended to be used with the MetaTrader 4 trading platform.

Some functions of the expert advisor:

-The following functions are supported: custom lot for copied trades, copying Stop Loss,     Take Profit, use of trailing stop.
-It copies all deals opened manually or by another Expert Advisor.
-Copies signals and increases the lot from signals!
-Increases the lot of other EAs.

To put things simply, it will duplicate positions made within the terminal. There are a bunch of settings available such as order duplication, to only copy buys or sells, to change the lot sizes, and more.

Service Cost

The Exp4 Duplicator will cost you $30 to purchase, you can also rent the software which will cost you $10 to rent it for 3 months or $20 to rent it for 6 months. There is a free demo version available, this will have some limitations added to it, but we don’t know what they are.

Conclusion

There are 29 reviews for the Exp4 Duplicator, the reviews are giving the expert advisor an overall rating of 5 out of 5 stars.

“the robot handles all currency pairs simultaneously, I think that many people can look for it 🙂 a great job” – A 5-star review.

“Excellent…It is very good EA and have very nice supporting…thanks” – A 5-star Review

“I bought the 1 month rental but it works perfectly in my pc but it doesn’t works in my vps. Can anybody help me? Please.” – A 3-star review.

So the majority of reviews are very positive, those that arent 5 out of 5 have stated that it still works, we will always recommend trying out the demo version, this will give you a better idea of its functionality and suitability to your requirements.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/9833

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Forex Service Review

FFx MACD Dashboard MTF Alerter Review

FFx MACD Dashboard MTF Alerter is currently found within the indicators section of the MQL5 marketplace. We have added a link to the exact indicator that we are looking at below. The indicator was created bt Eric Venturi-Bloxs and was first uploaded on the 28th of July 2014, it was then updated on the 1st […]

FFx MACD Dashboard MTF Alerter is currently found within the indicators section of the MQL5 marketplace. We have added a link to the exact indicator that we are looking at below. The indicator was created bt Eric Venturi-Bloxs and was first uploaded on the 28th of July 2014, it was then updated on the 1st […]

FFx MACD Dashboard MTF Alerter is currently found within the indicators section of the MQL5 marketplace. We have added a link to the exact indicator that we are looking at below. The indicator was created bt Eric Venturi-Bloxs and was first uploaded on the 28th of July 2014, it was then updated on the 1st of September 2014 and is now at version 1.1.

Overview

FFx MACD Dashboard MTF Alerter is an indicator for the MetaTrader 4 trading platform, it was created to show you on a single chart, all the timeframes with their own statuses within the indicator.

There are two different alert options, the single timeframe option will mean that each timeframe will be selected individually and alerts will be sent separately when a signal is generated. The multiple timeframes options mean that all selected timeframes must agree with the signal before an alert is sent.

There are a few different options available:

  • Select the timeframes to trigger the alerts
  • Alert pop up/sound/email/push
  • Activate/deactivate the alert directly on the chart
  • Position on the chart
  • And, all usual settings of the standard indicator

Service Cost

The indicator can currently be purchased for $10, this will give you unlimited access to it with no added limitations, there is not an option to rent the indicator so purchasing it is the only option available. There is a free demo version, but the limitations are not known or stated on the site, it may still be worth downloading it to try out.

Conclusion

There are currently 5 reviews available, they are all positive and have given the indicator a rating of 5 out of 5.

“This is a great tool! It saves so much time. Eric, you have so many very useful indicators, I really appreciate the other ones I have purchased also.” – A 5-star review.

“I should say the developer is very helpful and he will answer all your questions. wonderful indicator, Thanks a lot” – A 5-star review.

“I am a real Fan of FFx tools and its a pleasure to communicate with Ferru… you feel never alone… FFx MACD Dashboard works great and even when adjusted to all TF… around 10 very good and strong entry signals per day..” – No rating is given.

So the reviews are all very positive which is a good sign, there are also over 20 comments, the developer has been responding to them in a prompt manner which shows that he is still actively supporting the indicator which also shows us that you will receive good quality customer support should you decide to purchase it. We would suggest trying out the free version, it may give you an idea as to whether it does what you need it to or not.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5351

Categories
Forex Service Review

Harmonic Dashboard Ninja Indicator Review

Harmonic Dashboard Ninja can be found within the indicators section of the MQL5 marketplace. T was created by Lorraine Pierce and was first uploaded to the marketplace on the 7th of March 2019, there have been no further updates to the software so it is still lat version 1.0. Overview Harmonic Dashboard Ninja is an […]

Harmonic Dashboard Ninja can be found within the indicators section of the MQL5 marketplace. T was created by Lorraine Pierce and was first uploaded to the marketplace on the 7th of March 2019, there have been no further updates to the software so it is still lat version 1.0. Overview Harmonic Dashboard Ninja is an […]

Harmonic Dashboard Ninja can be found within the indicators section of the MQL5 marketplace. T was created by Lorraine Pierce and was first uploaded to the marketplace on the 7th of March 2019, there have been no further updates to the software so it is still lat version 1.0.

Overview

Harmonic Dashboard Ninja is an indicator designed for the MetaTrader 4 platform. It was created to display all detected patterns within a single dashboard. It will look for all harmonic patterns including Gartley, Butterfly, Bat, Cypher, Crab, and Shark.

The EA will scan all currency pairs on all timeframes to look for the most effective harmonic price pattern. Once it has found a pattern you can click a button to bring up the chart, it will then give you the patterns and trade setups, it is then up to you to place the trade, as this is not an automated trading system.

There are also a number of parameters that can be altered to better suit your own requirements. Some of the options include the symbols to use, timeframes, what bits of information to display, max historical bars, colors of bars and lines, alert types, and more.

Service Cost

The indicator cannot be purchased outright, instead, there is only the option to rent it, this can be done on a monthly basis for $30 per month, you can also rent it for three months which will cost you $50, for six months it will cost $60 and for a year it will cost you $99, whichever option you take, you will have up to 10 activations of the indicator.

A free demo version is also available, this has some limitations to it though, they are not stated on the site so we are not sure exactly what the limitations are.

Conclusion

There is one review that is asking a question rather than giving a review, it does not have a rating so the indicator is still unrated. This makes it hard for us to know whether it is doing what it is meant to do and whether it is functioning properly. There is also only one comment in which the developer did not respond to. Due to there not being a lot for us to go on, we would suggest contacting the developer with any questions that you may have, this is an opportunity to ensure that it will do what you need it to, as well as ensuring that the creator of the indicator is still around to offer you some support should you decide to rent it.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/36546

Categories
Forex Service Review

Idea Pro Forex EA Review

The Idea Pro expert advisor can currently be found on the MQL5 trading platform, to help avoid any confusion as to which expert advisor we are talking about we have provided a link to it below. The expert advisor was originally released on the 21st of December 2019, it has last been updated on the […]

The Idea Pro expert advisor can currently be found on the MQL5 trading platform, to help avoid any confusion as to which expert advisor we are talking about we have provided a link to it below. The expert advisor was originally released on the 21st of December 2019, it has last been updated on the […]

The Idea Pro expert advisor can currently be found on the MQL5 trading platform, to help avoid any confusion as to which expert advisor we are talking about we have provided a link to it below. The expert advisor was originally released on the 21st of December 2019, it has last been updated on the 3rd of March 2020 and is currently sat at version 5.0 (at the time of writing this review).

Overview

Not a lot of information is provided about this expert advisor, it has been designed to work with MetaTrader 4. It is a fully automated expert advisor, it contains three different strategies which are based on the Stochastic, RSI, and MA indicators, the average can also be used.

There are a number of different settings that come with the expert advisor which allows you to alter the way that it works to suit your own style of trading. Some of the options available include a choice of trading strategy, starting lot sizes, whether to trade buys or sells (or both), whether to use money management, take profits, stop losses, grid sizes, trailing stop losses, maximum lot sizes, maximum spreads, and more.

There is also a link to a live account which shows that it has currently made around 13,715% profits since the time it started, starting with $1,000 now with a profit of $57,226.53. These numbers should be taken with a grain of salt as the signal has only been running for 2 weeks, so these sorts of results are a little too good to be true.

Service Cost

The expert advisor currently costs $35 to purchase, there isn’t a way to rent this one so only the $35 fee to buy outright is available. There is a free version available to allow you to test it out, but we do not know if there are any added limitations or time limits on the use of the free version.

Conclusion

There are currently 66 reviews for this expert advisor, the average score is currently sat at 4.5/5 stars which is a pretty good score.

“Excellent adviser! For a week of use, thanks to the recommendations of Vasily in telegram, I made a profit. Thank you very much! 5+” – A 5-star review.

“The controls don’t work .. When you press buy … Still raising orders on sell when you decrease opening order still place orders .. You may get lucky for 2 days and give a 5 star wait till you run it for a week.. Martingale .. BAD >>> Check it out on Telegram .. how many are losing running on RED.” – A 1-star review.

“Very Good EA, also a very helpful author. Good daily instructions! That combination makes this almost the holy grail. Withdraw your profits daily / weekly in case of unseen market movements.” – A 5-star review.

So there is a mix of reviews in there, but the vast majority are very positive. As always we would recommend trying out the free version before making a full purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/44709

Categories
Forex Service Review

KL All Trendlines Alarm Review

The KL All Trendlines Alarm can be found within the indicators section of the MQL 5 marketplace, we have added a direct link to the indicator below. The indicator was created by Krzysztof Lorenc and was first uploaded on the 20th of August 2014, it received a number of updates, the most recent update was […]

The KL All Trendlines Alarm can be found within the indicators section of the MQL 5 marketplace, we have added a direct link to the indicator below. The indicator was created by Krzysztof Lorenc and was first uploaded on the 20th of August 2014, it received a number of updates, the most recent update was […]

The KL All Trendlines Alarm can be found within the indicators section of the MQL 5 marketplace, we have added a direct link to the indicator below. The indicator was created by Krzysztof Lorenc and was first uploaded on the 20th of August 2014, it received a number of updates, the most recent update was on the 15th of February 2017 and this brought the indicator up to version 1.44.

Overview

The KL All Trendlines Alarm is an indicator made for the MetaTrader 4 trading platform.

The indicator currently has two functions:

  1. Sound alerts for any trend line on the chart. You do not need to set other alert lines. Every trendline of your analysis is an alarm line.
  2. Sound alerts for upper/lower breach of the price level using its own two horizontal lines – Top and Bottom.

The indicator works with suffixed symbol names such as EURUSD-Pro, the main symbols that it works well with are AUDCAD, AUDJPY, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, XAGUSD, XAUUSD, SILVER, and GOLD.

The indicator can be useful for those wanting to draw trendlines.

Service Cost

The indicator will currently cost you $15 to purchase it outright with any limitations, there is also an option to rent it, this is for a period of three months and will cost you $10 to use it fo those three months. There is a free version available to test, this version will have some limitations to it, but the site does not indicate what they will be, at any rate, it is worth downloading to test out.

Conclusion

There aren’t any reviews available for us to look at which is a shame, due to this we do not know if its users are getting what is advertised, as there are no reviews, we would very strongly suggest that you download and try out the free version, this will give you an idea of how it works and whether it fits your needs, of course, there will be some limitations, but it will give you a good idea, you could also contact the developer with any queries that you may have.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5577

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Categorie services test Forex Service Review Forex Services Reviews-2

Hedge Forex Robot Review

The Hedge Forex Robot is a forex robot designed with hedging in mind, it was created by Forex Robot Trader which is a company that has created and designed a number of different robots. Overview The Hedge Forex Robot, as mentioned is designed around the concept of hedging which is all about opening additional positions […]

The Hedge Forex Robot is a forex robot designed with hedging in mind, it was created by Forex Robot Trader which is a company that has created and designed a number of different robots. Overview The Hedge Forex Robot, as mentioned is designed around the concept of hedging which is all about opening additional positions […]

The Hedge Forex Robot is a forex robot designed with hedging in mind, it was created by Forex Robot Trader which is a company that has created and designed a number of different robots.

Overview

The Hedge Forex Robot, as mentioned is designed around the concept of hedging which is all about opening additional positions to protect against adverse market movements, with this in mind, we know that the robot will be opening multiple positions at once, so you will need to keep that in mind when trading, especially if your broker requires you to follow FIFO rules.

The way the robot works is described by the creators as ”You simply load the robot on any number of currency pairs of your choice and walk away. This robot can trade an unlimited number of currencies all at the same time. The robot executes 100% of all your trading decisions (buys & sells) without any human intervention whatsoever.”

Forex Robot Trader has posted some of the results over the past few months, they certainly look impressive on paper, if we look at the past three months they have posted the following profits.

January 2020: $42,129
February 2020: $44,774
March 2020 up to 13th: $18,908

While those numbers look fantastic, we have to show our concerns, looking at the account sheet provided, they are on a 100% winning streak, with exactly 0 drawdowns throughout the month. Now for those that have traded before, you will know that these sorts of figures are not realistic, and so it looks like the numbers are being edited to suit the needs of the creator. The account shave not been linked to an independent site such as MyFXBook, so the results have not been verified.

Service Cost

The robot currently costs $89.00 at the time of writing this review this is down 55% from the original price of $199.99. While there isn’t a demo available of this exact robot, the creator company Forex Robot Trader are providing a free robot, so you are able to test out the kind of quality that you may receive.

Conclusion

The website hasn’t provided any user reviews, however, while scouring the internet we came across a few reviews there is a wide range of rating,s w have seen reviews giving it 8/10 while others have been giving it 1/5, so this does not give a very clear indication of how well the Hedge Forex Robot works. These massively mixed reviews can normally indicate an unstable robot. With the results looking a little fishy (3 months of 100% wins and no drawdown) we currently find it hard to believe the figures and results shown.

This Forex Indicator is currently available for purchase at – https://www.forexrobottrader.com/forex-robots/has-mtf-hedge-robot

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Categorie services test Forex Service Review Forex Services Reviews-2

Grid King EA Review

Grid King can be found within the Experts section of the MQL5 marketplace, there may be other expert advisors with similar names, so we have provided a link below to the one that we are looking at. Grid King was uploaded by Wim Schrynemakers who is the creator, it was first uploaded on the 10th of November 2018, there have been a number of updates, the most recent update was on the 19th of March 2020 and this brought he, expert advisor, up to version 8.90.

Grid King can be found within the Experts section of the MQL5 marketplace, there may be other expert advisors with similar names, so we have provided a link below to the one that we are looking at. Grid King was uploaded by Wim Schrynemakers who is the creator, it was first uploaded on the 10th of November 2018, there have been a number of updates, the most recent update was on the 19th of March 2020 and this brought he, expert advisor, up to version 8.90.

Grid King can be found within the Experts section of the MQL5 marketplace, there may be other expert advisors with similar names, so we have provided a link below to the one that we are looking at. Grid King was uploaded by Wim Schrynemakers who is the creator, it was first uploaded on the 10th of November 2018, there have been a number of updates, the most recent update was on the 19th of March 2020 and this brought he, expert advisor, up to version 8.90.

Overview

The Grid King is an expert advisor designed to be used with MetaTrader 4, it does what its name suggests, it is a grid system expert advisor. The expert advisor has been optimized for 19 currency pairs, and its main focus was safety, the expert advisor tries to remove the margin call risk that many grid systems suffer from through a hedging strategy.

Some of the key features of this expert advisor:

  • Minimum recommended starting capital: 500$ (using cent account)
  • Very stable growth curve as a result of smart averaging techniques
  • “Safety First” approach in the development
  • Optimizable for any market
  • ONLY grid-system on the market that passes 18 years of stress-tests on historical        data on multiple pairs
  • Fully automatic
  • Not sensitive to spread, commission, or account type, but of course a low spread          ECN broker will work better and is recommended!

Optimized pairs: EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, EURJPY, GBPJPY, AUDUSD, NZDUSD, EURAUD, EURCAD, EURGBP, AUDNZD, EURCHF, AUDCAD, AUDJPY, GBPCHF, AUDCHF, CHFJPY, CADJPY, CADCHF, GBPCAD, NZDCAD, NZDJPY, NZDCHF, GBPNZD, EURNZD, GBPAUD, and XAUUSD.

You can use the same magic numbers on different pairs. But the 2 different strategies must use 2 different magic numbers. There is also a large number of parameters that can be changed, there is full documentation available around these, you should be able to optimize the expert advisor to match your exact needs.

Service Cost

The Grid King is quite an expensive expert advisor, it will currently cost you $500 to purchase, this will give you unlimited access to the expert advisor. TIf you do not want to spend that much at once, you are also able to rent it, you can rent it on a monthly basis which will cost you $250 per month, you can also rent it for three months for $350 or for six months which will cost you $450. There is also a free demo version available, this will have some limitations and we believe that it can only be used on a demo trading account.

There is also a budget lite version of this expert advisor which costs a little less but also has fewer features.

Conclusion

The Grid King has 42 reviews, the overall rating from these reviews is 4 out of 5 which is not a bad score at all.

“The Grid King is about risk management Grid with Martingale EA. Noe of EA has this level of defensive system. The author is one of very few honest challenger. Be realistic and patient.“ – A 5-star review.

“Been running GK since 4th April on ECN and Cent account. Decent profit, stable, really good EA. (5*) update 2019-May-27: Grid King hit 2 stop-losses with trailing TP, still in profit (but not much), stable. (5*) update 2020-Mar-18: Stopped because of too many SL for me. The account did not wipe, but I have stop using all grid strategies altogether, not just GK.” – A 2-star review.

“Although I had a stop out (EURAUD) after a couple of days of use (something that can always happen) I still believe this is (to my knowledge) the only martingale EA to go with. Clear (and acceptable) stop-out levels combined with a multi-currency approach. Great support and frequent updates that makes the EA getting better and better. At this moment I run all (15) the currencies on the “very conservative “lot size step” risk factor. After a couple of months, I hope to switch to the conservative setup.” – A 5-star review.

So there is a mix of reviews, many positive ones but there are also some negative ones in there, due to the nature of the expert advisor there will be people using settings that are too risky which can cause the expert advisor to blow an account. There are a lot of comments, the creator of the expert advisor seems to be responding to them all promptly which is a positive sign. Due to the cost of the expert advisor, we would highly recommend that you download the free version, this will only be usable on a demo account but it will give you a good way to test out the expert advisor, to make sure it is safe for you and that it does actually function properly prior to making a large purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/33065

Categories
Forex Service Review Forex Services Reviews-2

FFx InsideBar Setup Alerter Review

FFx InsideBar Setup Alerter is found on the MQL5 marketplace, it was created by Eric Venturi-Bloxs and was first uploaded on the 26th of MNArch 2014. It has not received any further updates so the indicator is still at version 1.0. Overview FFx InsideBar Setup Alerter is a MetaTrader 4 indicator that has been designed […]

FFx InsideBar Setup Alerter is found on the MQL5 marketplace, it was created by Eric Venturi-Bloxs and was first uploaded on the 26th of MNArch 2014. It has not received any further updates so the indicator is still at version 1.0. Overview FFx InsideBar Setup Alerter is a MetaTrader 4 indicator that has been designed […]

FFx InsideBar Setup Alerter is found on the MQL5 marketplace, it was created by Eric Venturi-Bloxs and was first uploaded on the 26th of MNArch 2014. It has not received any further updates so the indicator is still at version 1.0.

Overview

FFx InsideBar Setup Alerter is a MetaTrader 4 indicator that has been designed to alert you to trade setups, it will also provide you with entry points, two targets for taking profits and stop losses.

The main features and settings for the indicator:

-Entry suggestion – pips to be added over the break for the entry
-Minimum candle size – to avoid too close buy/sell entry suggestions
-3 different options to calculate the SL – by pips, by ATR multiplier or at the pattern High/Low
-3 different options to calculate the 2 TPs – by pips, by ATR multiplier or at Risk/Reward
-Offset the dashboard – any place on the chart
-Remove the suggestion once the price reached the SL line
-Lines extension away from the current candle
-All colors changeable – Background, text, Buy/Sell, entry and TP/SL
-Alert when a setup is found – sound / popup / email / push notification

Service Cost

The indicator can currently be purchased for $12 so it is quite affordable, purchasing it will give you up to 5 activations, unlike many indicators on the MQL5 marketplace, there is no option to rent it.

A free demo version is available, the details of it are not known to us which often means that it can only be sued with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

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

“Awesome indicators….just needs to be able to show historical would be a great help.” – A 5-star review.

“Paints a clear picture of an inside bar, and allows you to customize your stop loss and take profit levels. Very useful for trading inside bars.” – A 5-star review.

“2 weeks at my chart and already a rate of 12/3 winning trades and making money….thank you Ferru” – A 5-star review.

So the reviews are all very positive showing that the indicator is doing what it was intended to do. There are also plenty of comments, the indicators creator has been very active in replying to the comments which are great to see and it shows that they are supporting the indicator and those that have purchase dit. Ther have not been any comments for around 10 months, so if you are thinking of purchasing it, contact the developer, this way you can make sure that they are still around top support it and you.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/3718

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Forex Service Review Forex Services Reviews-2

Engulfing Bars Trading Indicator Review

Engulfing Bars is an indicator that can be found on the MQL5 marketplace, there may be other indicators with very similar names, due to this we have provided a link to the one we are looking at below. The indicator was first uploaded on the 8th of January 2016 by its creator Paul Geirnaerdt, there […]

Engulfing Bars is an indicator that can be found on the MQL5 marketplace, there may be other indicators with very similar names, due to this we have provided a link to the one we are looking at below. The indicator was first uploaded on the 8th of January 2016 by its creator Paul Geirnaerdt, there […]

Engulfing Bars is an indicator that can be found on the MQL5 marketplace, there may be other indicators with very similar names, due to this we have provided a link to the one we are looking at below. The indicator was first uploaded on the 8th of January 2016 by its creator Paul Geirnaerdt, there have not been any further updates so the version of this indicator is still version 1.0.

Overview

The Engulfing Bars indicator has been designed to work with the MetaTrader 4 trading platform. It works by showing Engulfing Bars on the charts, the signal will then suggest a stop loss and take profit for the trade these bars are important for price action patterns. This indicator works better when using it on higher timeframes.

There are a number of settings available that can be altered:

-Show Engulfing Bars – Set to true to show Engulfing Bars.
-Body size percentage – Minimum size of the body of the Engulfing Bar in a percentage of the moving average of body sizes, a higher value detects less but (arguably) better Engulfing Bars.
-Stoploss distance in pips – Standard stop loss is at the high or low of the Engulfing Bar, this number of pips is added to that.
-Color Palette – pick Color Palette for ‘Dark’ or ‘Light’ Backgrounds.
-Colors – you know what to do.
-Show Alerts – set to true to do alerts.
-Show Screen Alerts – set to true to show screen alerts.
-Email Alerts – set to true to email alerts.
-Push Alert Notifications – set to true to push alerts.

Service Cost

The indicator can be purchased outright for $19, there is no option to rent this one unlike many of the other indicators on the MQL5 marketplace. There is a free version available, but there is no mention of the possible limitations or time limits on the free version.

Conclusion

Just the one review available, it is giving the indicator a 5-star rating.

“Very good”

While there is only the one review, there are plenty of comments asking questions, the creator seems very active at replying to the comments which are a good sign for your kind of support that you would receive. Due to there only being one review available, we would very strongly suggest that you download and test out the free version, there are some unknown limitations on it, but it would give you a better idea as to how the indicator works and to ensure that you are able to get it set up and running correctly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/13882