Project X Pro can be found within the Experts section of the MQL5 marketplace. It was first uploaded to the marketplace on the 30th of August 2019 by its creator Cumhur Yugnuk. It has not had any subsequent updates so the EA is still at its original version 1.0. Overview Project X Pro is an […]
Project X Pro can be found within the Experts section of the MQL5 marketplace. It was first uploaded to the marketplace on the 30th of August 2019 by its creator Cumhur Yugnuk. It has not had any subsequent updates so the EA is still at its original version 1.0. Overview Project X Pro is an […]
Project X Pro can be found within the Experts section of the MQL5 marketplace. It was first uploaded to the marketplace on the 30th of August 2019 by its creator Cumhur Yugnuk. It has not had any subsequent updates so the EA is still at its original version 1.0.
Overview
Project X Pro is an expert advisor that was designed to be used with the MetaTrader 4 trading platform, it has been created to buy and sell on the M15 chart and does not use any higher ones.
There are two options when using the EA, you can buy and sell on the main trend, having the TP and SL set to 0, the trades are automatically closed at the maximum level during the trend conversion time, it will then continue to trade according to the trend. You are also able to trade the buys and sells on a pullback, the trades will close automatically if no take profits or stop losses are set.
There are a bunch of settings available that can be altered, these include the main trend buy settings, main trend sell settings, pullback buys settings, pullback sell settings, and more.
Service Cost
The expert advisor can be purchased with a one-off payment of $999 which makes it a relatively expensive EA, this will get you up to 5 activations with no further limitations. If you prefer, you can also rent the EA on a monthly basis which will cost you $199 per month.
A free demo version is also available, the limitations of the free version are not stated on the site which normally indicates that it can only be used with the MetaTrader 4 strategy tester and not on a live account.
Conclusion
There are no user reviews or comments for Project X Pro so we do not know whether those that are using it are finding it useful or that it is doing what was advertised. There are also no comments so we cannot see whether the developer is still supporting the EA. We would suggest that before you make a purchase or a rental, you contact the developer with any questions that you may have, this will allow you to make sure that it is the right EA for you while also ensuring that you will receive some customer support once purchased. You could also use the strategy tester with the EA just to see how it would perform.
Skynet Parabolic is an indicator that can be found on the MQL5 marketplace. The indicator was created by Roman Yablonskiy and was first uploaded on the 14th of March 2018, there have not been any further updates so the indicator is still at version 1.0. Overview Skynet Parabolic is an indicator for the MetaTrader 4 […]
Skynet Parabolic is an indicator that can be found on the MQL5 marketplace. The indicator was created by Roman Yablonskiy and was first uploaded on the 14th of March 2018, there have not been any further updates so the indicator is still at version 1.0. Overview Skynet Parabolic is an indicator for the MetaTrader 4 […]
Skynet Parabolic is an indicator that can be found on the MQL5 marketplace. The indicator was created by Roman Yablonskiy and was first uploaded on the 14th of March 2018, there have not been any further updates so the indicator is still at version 1.0.
Overview
Skynet Parabolic is an indicator for the MetaTrader 4 trading platform, it was designed as an indicator to show the entry points for buying and selling, which come with notifications. The indicator was based on the Parabolic SAR indicator, price smoothing, and mathematical methods for greater variability in finding entry points.
It is recommended that you use the indicator with the H1, H4, or D1 time frames, the indicator will also only work with closed bars, so entry signals will not be generated at the zero bar.
The main advantages of the indicator:
Reduced incorrect entries when compared to the use of the classic breakout and trend confirmation indicators. Signals are never redrawn.
Provides a large number of customizable parameters.
Visualization of bullish and bearish trends available.
Used for the identification of very large and long trends without delay (inherent in MAs with large periods).
Excellent in determining the entry points both in the markets with marked trend changes and in low volatility markets with frequent rollbacks.
There are also a number of parameters that you can alter. These include the distance from the price to Parabolic, the market velocity, the coefficient multiplier, the period of smoothing, the distance to avoid rollbacks, and notifications.
Service Cost
The indicator can be purchased for $30, this is a direct purchase and will give you full and limitation-free access to the indicator, many indicators on the MQL5 marketplace offer the opportunity to rent them, but this is not an option with the Skynet Parabolic indicator. There is a free demo version available, however, the site does not indicate what the limitations of the free version are, it is work downloading and trying out though.
Conclusion
There are three reviews available for the indicator, they are giving it an overall rating of 5 out of 5 stars.
“added to my collection” – A 5-star review.
“it works as smooth parabolic and as supertrend at the same time. It understands where to trend starts…” – A 5-star review.
“it is much better than classical parabolic! great job!” – A 5-star review.
So the reviews are all very positive which is a good sign, there are only a few reviews so we would suggest that you download and try the free version, you should also contact the developer of the indicator with any questions that you have, this way you can make sure that it will do what you need it to be before making a purchase.
SR Key Breakout and Jump Levels is an indicator that is located on the MQL5 marketplace. It was created by Yohana Parmi and was first uploaded to the marketplace on the 6th of August 2014. It has received a number of updates, it was last updated on the 5th of June 2019 and is currently […]
SR Key Breakout and Jump Levels is an indicator that is located on the MQL5 marketplace. It was created by Yohana Parmi and was first uploaded to the marketplace on the 6th of August 2014. It has received a number of updates, it was last updated on the 5th of June 2019 and is currently […]
SR Key Breakout and Jump Levels is an indicator that is located on the MQL5 marketplace. It was created by Yohana Parmi and was first uploaded to the marketplace on the 6th of August 2014. It has received a number of updates, it was last updated on the 5th of June 2019 and is currently on version 2.9.
Overview
The SR Key Breakout and Jump Levels indicator was created for use on the MetaTrader 4 platform. It does not lag and it does not repaint.
The indicator will help to show you the following:
A trend line for detecting patterns. This is intended for the triangle pattern, Support & Resistance lines, and as a breakout up or down these lines.
The trend lines are formed first before the asset price reaches it. This happens so that it does not repaint.
Each line has a specific description, such as Support, Resistance, Current-Support (as key breakout down), and Current-Resistance (as a key breakout up).
Each break outline turns into new support or resistance line. These changes run automatically and in real-time.
Support and Resistance horizontal lines nearest to the trend line indicate strong S/R levels.
The indicator will automatically draw the lines and channels as required.
Service Cost
The SR Key Breakout and Jump Levels can be purchased with a one-off payment of $30, this will give you up to 5 activations with no further limitations. Unlike many indicators on the MQL5 marketplace, there is no option to rent it. There is a free demo version available, but the details are not made clear so it may only be usable with the strategy tester of MetaTrader 4, but we do not know for sure.
Conclusion
At the time of writing, there are 9 very positive reviews giving the indicator an overall rating of 6 out of 5.
“A good indicator. I used it for a few days and felt very professional. I still have to study. I am going to buy 2 ASR, hoping to help me make a better profit. ! Thanks to the author” – A 5-star review.
“One of the highest quality indicators I’ve seen. Responsive author. At the request, he added the option I need, although the indicator is inexpensive. Thanks.“ – A 5-star review translated from Russian.
“Excellent indicator. Clear information with an accurate level of support and resistance. Highly recommended :)” – A 5-star review.
So the reviews are very positive, another big positive is that the developer has been replying to all comments within the comment section, this is a great indicator for the sort of support that you would receive should you decide to purchase the indicator. The most recent reply was on the 1st of April 2020 (at the time of writing) and shows that it is still actively supported.
The Signal Manager is an expert adviser that can currently be found on the MQL5 marketplace. The expert adviser was first released on the 20th of February 2017, there are been a few updates, the most recent update was on the 16th of August 2018 and it is currently at version 1.6. Overview The Signal […]
The Signal Manager is an expert adviser that can currently be found on the MQL5 marketplace. The expert adviser was first released on the 20th of February 2017, there are been a few updates, the most recent update was on the 16th of August 2018 and it is currently at version 1.6. Overview The Signal […]
The Signal Manager is an expert adviser that can currently be found on the MQL5 marketplace. The expert adviser was first released on the 20th of February 2017, there are been a few updates, the most recent update was on the 16th of August 2018 and it is currently at version 1.6.
Overview
The Signal Manager is an expert advisor that can be used on the MetaTrader 4 trading platform, it is designed to copy trades and signals. The expert advisor comes with a number of parameters that can be altered in order to suit your needs, you can select the name of the signal or to use comments from the signal, you can change the multiplier of the lots, you can choose whether to use fixed lots or not, how far it should be from the original signal before skipping, to close orders when the signal does, to change the take profits or stop losses, to copy when at a loss, to continue after a stop, to close on a certain negative percentage, to send email notifications and to display the settings on the chart.
Service Cost
The Signal Manager utility can be purchased for $39, this will allow you to use it permanently, you are also able to rent it on a monthly basis and it will cost you $10 per month to use. There is also a free version available to download, there is no indication as to what the limitations of this free version are.
Conclusion
There is only one review available which is a 5-star review.
“This is a great signal copier. It works properly and it gives you great control over any signal. It also allows you to copy Scalping signals as it allows you to set a price offset in order to compensate for possible slippages. The author is a very good person, she always modifies the EA and includes new and useful options. I advise you to use it.”
As there is only one review, we would highly recommend that you download and try out the free version to make sure that it works the way you need and that it can be set up correctly on your own charts.
Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, […]
Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, […]
Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, the most recent update was on the 24th of March 2020 and this brought the expert advisor up to version 2.0.
Overview
Pump and Dump is an expert advisor that can be used with the MetaTrader 4 trading platform. It was designed to be a fully automated expert advisor which aims to buy cheap and sell expensive.
The main features of the expert advisor are its built-in risk management which can stop trading in time and save your capital. Monitoring the stoppage of trades, so when the EA suspects that trading at a certain time will exceed the risk management settings it will stop. It has a way to multiply the profit of orders and gives instant notifications of risk through push notifications.
There are a number of settings and parameters that can be changed, some of them include the multiplication of profit, the first lot size, step distance, schedule, news filers, and many more.
Service Cost
At the time of writing, there was a discount where the indicator could be purchased outright for $75 rather than the usual $130, buying it outright gives you unlimited access and no limitations. You are also able to rent it on a monthly basis which will cost you $45 per month. There is a free demo version available, it will have some limitations but unfortunately, they are not stated on the site so we do not know what they are, it is still worth downloading to test though.
Conclusion
There are currently 51 reviews from the users, they have given the expert advisor an overall rating of 5 out of 5.
“Great EA with non-trending fx pairs. Patience is required with trending pairs as the EA buys in at multiple levels waiting for a reversal back into profitability. As for support, you won’t find better support anywhere. Sergey provides OUTSTANDING support providing detailed explanation of the EA as well as suggested pairs and settings to best trade. He is always available to answer your questions and to help with all aspects of trading the EA. You can count on Sergey to provide you with all the help and support you’ll need to trade this EA successfully. I look forward to purchasing additional EA’s from Sergey.“ – A 5-star review.
“This is a very stable and profitable robot, the author is very enthusiastic to help answer questions, I strongly recommend this robot.” – A 5-star review.
“Mr.Sergei totally helped me to solve my problem on my VPS. I always ask him my questions and he answered properly. This EA is nice and his support is wonderful too. I really appreciate his support.” – A 5-star review.
So the reviews are very positive, they mention the great support and this is backed up by the comment section, plenty of comments and the developer has been replying and helping all of them in a prompt manner, so it seems that the customer support is top-notch. Even with so many positives, we would suggest downloading and trying the free version, also contacting the developer with any questions to make sure it will suit your needs before making a purchase or rental.
The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda in the late 1930s. It is a trend indicator based on the moving average. This indicator is based on a cloud (called Kumo), which is located between the Senkou span A line and the Senkou span B line, the Tenkan-sen and Kijun-sen line, and finally, […]
The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda in the late 1930s. It is a trend indicator based on the moving average. This indicator is based on a cloud (called Kumo), which is located between the Senkou span A line and the Senkou span B line, the Tenkan-sen and Kijun-sen line, and finally, […]
The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda in the late 1930s. It is a trend indicator based on the moving average. This indicator is based on a cloud (called Kumo), which is located between the Senkou span A line and the Senkou span B line, the Tenkan-sen and Kijun-sen line, and finally, the Chikou span line. This indicator is included in Metatrader 4 and 5. Traditional settings are: Tenkan-sen 9, Kijun-sen 26, Senkou Span B 52.
Ichimoku Kinko Hyo is, in my opinion, one of the most underused technical indicators. However, it appears to be very powerful, and its use is not too complicated after having some basic understanding of its five components.
There are several automated robots based on Ichimoku, but in this EA the creator has tried to develop a profitable commercial robot that is based on this indicator. The expert advisor we analyzed in this review is using only three lines for the input and output signals, Chikou, Senkou Span A, and Senkou Span B. The strategy is to purchase when Chikou crosses Close from below with confirmation from Kumo. Cross must happen above Kumo or Chikou must eventually come above Kumo, and the current price must close above Kumo. There is no stop-loss or take profit; positions are closed when a signal in the opposite direction is generated. The exit signal doesn’t need to be confirmed.
In addition to Ichimoku Kinko Hyo, this robot also relies on the average True Range indicator to determine the size of its positions. Of course, fixed position sizes are also available, but ATR-based risk positioning makes things look much more professional.
The trend tracking strategy is very long-term. It has been tested on many currency pairs since 1 January 2001. But only EUR/USD has shown very good results. After analyzing the data supporting this EA, the profitability curve is not very impressive. A 67% profit in more than 12 years is not a very good result. This result was generated with a fixed position size (0.1 lot).
If we perform the same test, but with ATR based on position size enabled with 2% risk size. In this case, the net profit looks much better, 238% in 12 years is already something worth achieving.
Still, many traders may think this is a robot too slow and too long-term. But using it as the only active strategy is probably not a good idea. This is a robot that can complement other strategies very effectively. Since this is a long-term trend system, you can cooperate well with some short-term counter-trade robots, reducing the drawdown periods.
This EA can be downloaded in the MT4 or MT5 version and is also available for the cTrader platform. However, in the cTrader version, unlike the Metatrader versions, the size of the ATR position is not supported due to the lack of information functions of the appropriate symbols.
We conclude by thinking that this is an excellent automated trading system, but that other systems must complement it since it does not offer very high returns. As in all EA’s marketed by Quivofx, there is a free basic version that does not include all the features, but the more complete versions called Advanced and Pro have a very reasonable price of 34.90 and 49.90 Swiss francs.
Trade Copier Pro MT5 is a utility used to copy trades remotely between different terminals and can be found on the MQL5 market. This software was last updated on the 14th of March 2020 (at the time of writing) and is currently on version 5.91. Overview The Trade Copier Pro software is designed to copy […]
Trade Copier Pro MT5 is a utility used to copy trades remotely between different terminals and can be found on the MQL5 market. This software was last updated on the 14th of March 2020 (at the time of writing) and is currently on version 5.91. Overview The Trade Copier Pro software is designed to copy […]
Trade Copier Pro MT5 is a utility used to copy trades remotely between different terminals and can be found on the MQL5 market. This software was last updated on the 14th of March 2020 (at the time of writing) and is currently on version 5.91.
Overview
The Trade Copier Pro software is designed to copy trades remotely between multiple different accounts using MetaTrader 4 or MetaTrader 5. This product is best used for signal providers needing to copy their trades to their client’s accounts which are not hosted in the same place.
There is a whole host of features available, we won’t list them all but a selection of them include:
Copy between MT4 and MT5 accounts.
Switchable between Provider or Receiver role within one tool.
Can copy Forex trades to multiple receivers (can also receive trades from multiple providers).
The provider/Receiver can manage his Receiver/Provider list via a powered database managing system without an additional tool (add, remove, edit, enable/disable, set expiry).
The provider can set the subscription expiry for each receiver so that the receiver will not be able to receive the signal after that time.
Protect the receiver from slippage and outdated orders.
The receiver’s account can still trade manually or use other EAs without any conflict.
Auto recognizes and synchronizes symbol prefix/suffix between brokers.
Allows filtering which type of orders will be copied for both provider and receiver.
Allows inverted copying for both provider and receiver.
Drawdown protection.
Auto sends a mobile notification and emails to the receiver when the account has new activities.
Real-time control panel.
Easy usage and friendly interface.
So as you can see, there is a wide range of features, there are some additional ones available too. There is also a whole host of settings and parameters available to change such as lot sizes, max lot size, whether SL/TP levels are copied, max slippage, whether buy/sell orders are copied, and many more.
Service Cost
The cost of this piece of software is currently $149 to buy, you are also able to rent it, it will set you back $49 per month that you wish to rent. There is also a free demo version available should you wish to try it out before you buy, and we would recommend that you do, there are some limitations to it such as only allowing the receiver of the trades to set the volume with fixed lot sizes.
Conclusion
There are just three different reviews available for this product, there is a range of ratings, one five stars, one star, and one review without a rating.
“Very goood! I like it!!!” – 5-star review.
“The robot does not work correctly. It may not copy transactions at all. May try to copy trades with maximum lot. (AUD / CAD wanted to sell for 1010 lots !!!). When copying a transaction for 0.1 lot of sale, immediately bathe 0.01 lot.” – 1-star review, translated from Russian.
So one positive and one negative does not provide a great consensus, but you should bear in mind that it does not work for everyone. You should try out the demo version in order to ensure that it has the features that you require prior to purchasing the full version.
Smart Robot MT4 can be found within the MQL5 marketplace under the experts heading. It was created by Mahmoudibarmas Mehdi and was first uploaded on the 11th of October 2018, it had its most recent update on the 15th of March 2020 and is currently at version 2.5. Overview Smart Robot MT4 is an expert […]
Smart Robot MT4 can be found within the MQL5 marketplace under the experts heading. It was created by Mahmoudibarmas Mehdi and was first uploaded on the 11th of October 2018, it had its most recent update on the 15th of March 2020 and is currently at version 2.5. Overview Smart Robot MT4 is an expert […]
Smart Robot MT4 can be found within the MQL5 marketplace under the experts heading. It was created by Mahmoudibarmas Mehdi and was first uploaded on the 11th of October 2018, it had its most recent update on the 15th of March 2020 and is currently at version 2.5.
Overview
Smart Robot MT4 is an expert advisor that was created for the MetaTrader 4 trading platform. The robot is based on scalping, Elliot Waves, and also includes additional filters such as RSI and Stochastic. The EA can be run using all symbols and with all timeframes. It will combine Elliot waves, Scalping, RSI, and Stochastic in order to find trends and scalp them.
There are some recommended usages from the developer:
You can run this EA on several charts and symbols.
Try using a different Magic-Number input for each chart.
If you attach the EA to multiple charts, increase the KLot setting to reduce your risk.
Smart Robot works on Hedge accounts.
There are plenty of parameters and settings available, some of these include time frames, trade types, when to stop trading, minimum distance to new trade, magic numbers, take profits, stop losses, averaging distance, averaging volume multiplier, trailing stops, break-even settings, news filter, and more.
Service Cost
The expert advisor will cost you $196 to purchase it outright, this will then give you 5 activations. You are also able to rent the expert advisor, this will cost you $49 per month, or the three months it will cost you $98.
There is also a free version available, the details of the demo are not known, it will have some limitations and may only be usable with the strategy tester of the MetaTrader 4 trading platform.
Conclusion
Unfortunately, there aren’t any user reviews at the time of us writing this, so we do not know how people are finding it and if people feel that it is doing what it was designed to do. There are a few comments, the developer has replied to them in a prompt manner and some were quite recent which shows that it is still being supported by the developer which is good. Due to there being no reviews, we would suggest trying out the free version, if this doesn’t give you a good idea of how it works, contact the developer with any questions so you can be sure that it will work for you before you make a purchase or a rental.
The Strongest Level Global is an indicator for MetaTrader 4 that can be found on the MQL5 marketplace. This Forex indicator was originally released on the 16th of June 2014, it has been updated a few times, the most recent update was back on the 24th of October 2014 and is currently at version 1.23. […]
The Strongest Level Global is an indicator for MetaTrader 4 that can be found on the MQL5 marketplace. This Forex indicator was originally released on the 16th of June 2014, it has been updated a few times, the most recent update was back on the 24th of October 2014 and is currently at version 1.23. […]
The Strongest Level Global is an indicator for MetaTrader 4 that can be found on the MQL5 marketplace. This Forex indicator was originally released on the 16th of June 2014, it has been updated a few times, the most recent update was back on the 24th of October 2014 and is currently at version 1.23.
Overview
The Strongest Levels Global is an indicator that can be used with the MetaTrader 4 trading platform, it works by automatically plotting a system of the nearest levels of strong resistance and support on a separate window based on the users’ choice.
The indicator is compatible with any broker, it doesn’t matter on the instrument name or symbols, the main indicator requires manual execution of trades and it will not do them automatically, however, automated trades can be made if the indicator is combined with an expert advisor that can do this.
There are a number of parameters that can be altered such as the color of lines, graphs, and more. You can also change the calculation method to better suit your individual strategy.
Service Cost
This utility can be purchased for $12.50. There is no way to rent the software so purchasing it outright is the only option available. There is also a free demo version available, the page does not indicate what the limitations of this free version are, but we know what there will be some.
Conclusion
There are unfortunately no reviews available on this bit of software so we do not know whether its users are finding it helpful or if it is, in fact, doing what it is meant to. There are however a few comments about the software from potential clients and the creator has responded to them quickly which is positive.
As always we would suggest downloading and trying out the free version, this will give you an indication as to how the software works and it also allows you to make sure that you are able to get it set up correctly before making a purchase.
RenkoSarOsMA is a piece of software that can be found within the indicators section of the MQL5 marketplace. The indicator calculates and displays Renko Bars using Moving Average, while also using Parabolic SAR and OsMA data to provide buy and sell signals. The tool was first uploaded by its creator Sergey Deev on the 27th […]
RenkoSarOsMA is a piece of software that can be found within the indicators section of the MQL5 marketplace. The indicator calculates and displays Renko Bars using Moving Average, while also using Parabolic SAR and OsMA data to provide buy and sell signals. The tool was first uploaded by its creator Sergey Deev on the 27th […]
RenkoSarOsMA is a piece of software that can be found within the indicators section of the MQL5 marketplace. The indicator calculates and displays Renko Bars using Moving Average, while also using Parabolic SAR and OsMA data to provide buy and sell signals. The tool was first uploaded by its creator Sergey Deev on the 27th of February. It has not received any further updates and is currently at version 1.5.
Overview
RenkoSarOsMA is an indicator created for use with the MetaTrader 4 trading platform, its main function is to calculate and display Renko Bars using Moving Averages, Parabolic SAR, and OsMA data. As mentioned above, the indicator will also provide buy and sell signals.
How the trading signals are generated:
The buy signal is generated whenever the OsMA indicator crosses the zero level upwards. A succeeding Renko bar closes above the moving average when the PSAR is below the asset price.
The buy signal is generated whenever the OsMA indicator crosses the zero level downwards. A succeeding Renko bar closes below the moving average when the PSAR is above the asset price.
The indicator will display Reno bars and will only display each bar within a time interval. If the price has moved a certain distance, the indicator will work on any timeframe you require.
There are some parameters and settings available with the indicator, these make it possible to slightly alter the functions to better suit your own requirements, some of them include the Renko bar size, how many bars to display, the color for bulls and bears, the MA period, SAR steps, whether to use alerts and more.
Service Cost
The indicator will currently cost you $30 to purchase, this will give you unlimited and unrestricted access. You are also able to rent the indicator, you can do this over a one-month period which will cost you $15 per month, or for three months it will cost you $20. According to the site, there is a free version available too, this will have some limitations but we are not sure what the limitations are.
Conclusion
Unfortunately, there aren’t any reviews for the RenkoSarOsMA so we do not know if it functions the way that it is meant to or if it is useful for those using it. There is just one comment, the creator has not replied to it which is not a great sign, hopefully, the customer support, once it has been purchased, is a bit better. As there are no reviews, we would strongly suggest that you try out the free version. We also recommend that you get in contact with the creator just to ensure that it will do what you need. The test version will allow you to make sure you are able to get it set up correctly.
Rebate Robot is a Forex trading robot that was uploaded by Ramil Minniakhmetov to the MQL5 marketplace. It was uploaded on the 1st of August 2014, and has had a lot of updates. The tool was last updated on the 13th of February 2020 and is currently at version 10.0. In this Rebate Robot review, […]
Rebate Robot is a Forex trading robot that was uploaded by Ramil Minniakhmetov to the MQL5 marketplace. It was uploaded on the 1st of August 2014, and has had a lot of updates. The tool was last updated on the 13th of February 2020 and is currently at version 10.0. In this Rebate Robot review, […]
Rebate Robot is a Forex trading robot that was uploaded by Ramil Minniakhmetov to the MQL5 marketplace. It was uploaded on the 1st of August 2014, and has had a lot of updates. The tool was last updated on the 13th of February 2020 and is currently at version 10.0. In this Rebate Robot review, we’ll explain just how this Forex robot works, what it costs, and what users are saying about it.
Overview
The Rebate Robot was created for MetaTrader 4 and is designed to allow you to make profits through both forex trading and through rebates. The robot works by opening positions based on the Trader Dream indicators’ current color, it will work in both directions depending on what signal is present.
Some recommendations from the developer:
You can launch the Expert Advisor simultaneously on all currency pairs.
Use a broker providing rebates.
The less the security margin for the locking position, the better.
There are also a number of different parameters that can be used, they include things like initial lot size, maximum lot sizes, lot multiplier, the maximum number of positions, slippage, spreads, take profits, stop losses, trailing stops, and more.
Service Cost
The expert advisor can currently be purchased for $75, this will allow you to activate the software up to 5 times. There is also the option to rent it, this can be done on a monthly basis and will cost you $35 per month. A free demo version is also available, however, this will be limited to using it only on the strategy tester within the MetaTrader 4 trading platform.
Conclusion
There are 104 different user reviews for the Rebate Robot, they are giving the EA an overall rating of 4.5 out of 5.
“I launched the robot 25.01.20 for 3000 cents; today the deposit has been successfully merged, I earned 60 cents on fxcash during this time! 90% drain on a pair of eurusd.” – A 1-star review.
“Running Rebate Robot EA since 64 weeks with recommended settings and pairs. Just manually stopped EA for Summer holidays and Christmas – New Year periods. After 64 weeks total earning 5300$ !! maximum DD by equity 1720$” – A 5-star review.
“Really good EA with rebate strategy. It takes profit from trading and rebating. Need over $1000 fund or your account will have really high risk. And for high rebate use standard account to trade.” – A 5-star review.
The majority of reviews are very positive, the main negative ones are around the account blowing, there are also over 700 comments, the developer has been replying to most of them which are a real positive and show that they are still actively supporting the expert advisor. We would advise you to try the strategy tester and also contact the developer with any questions to make sure that it is right for you before you make a purchase or rental.
Price Probability can be found online within the MQL5 marketplace in the indicators section. The indicator was first uploaded on the 16th of May 2014. It has had a few updates, the most recent was on the 29th of October 2019 and this brought it up to version 1.3, the indicator was created and uploaded […]
Price Probability can be found online within the MQL5 marketplace in the indicators section. The indicator was first uploaded on the 16th of May 2014. It has had a few updates, the most recent was on the 29th of October 2019 and this brought it up to version 1.3, the indicator was created and uploaded […]
Price Probability can be found online within the MQL5 marketplace in the indicators section. The indicator was first uploaded on the 16th of May 2014. It has had a few updates, the most recent was on the 29th of October 2019 and this brought it up to version 1.3, the indicator was created and uploaded by Stanislav Korotky.
Overview
Price Probability is an indicator that can be used with the MetaTrader 4 trading platform, the indicator is pretty simple and shows you the probability for buys and sells in the future. It does this by using data gathered on existing history and observed price changes again corresponding pairs.
The indicator can provide you with 3 different signals:
As a plain quantitative measure of buying and selling strengths (Stats line). Can be used as a secondary signal. Can also be used for aggressive trading.
As a probability measure as a ratio of buying and selling probabilities (Probs line). Can also be used as a primary trading signal.
As suggested trading target in points (TP). Can be used as a confirming signal. Its sign should be positive for buy and negative for sell signals.
There are also a few parameters that you are able to alter, these include the depth of history, forecast depth, corners of the windows, and the mode of calculation, these can slightly alter the functionality of the indicator.
Service Cost
The indicator can be purchased outright for $72. This will give you unlimited access with no limitations. If you do not wish to purchase it, you can also rent it on a monthly basis. This will cost you $10 per month. There is a free version available, but we do not know what the limitations of the free version is as these are not mentioned on the site.
Conclusion
There is just one review that is giving the indicator a 1 out of 5 rating. Unfortunately, the user did not leave a comment so we do not know what the issue that the user had was. There are also 8 comments, the majority are from the creator themselves, however, the ones from other users have been answered promptly which is a good sign as to the sort of support you would get if you decided to purchase or rent it. Due to there being no real reviews, we would recommend trying out the free demo version or asking the developer any questions before purchasing it, just to make sure it will, in fact, do what you need it to do.
RIS GridEA is currently located within the Experts section of the MQL5 marketplace, it was uploaded to the marketplace on the 4th of April 2020 by its creator Praveen Elango, it was uploaded as version 1.703 and has not had any updates since it was added. Overview RIS GridEA is an expert advisor that was […]
RIS GridEA is currently located within the Experts section of the MQL5 marketplace, it was uploaded to the marketplace on the 4th of April 2020 by its creator Praveen Elango, it was uploaded as version 1.703 and has not had any updates since it was added. Overview RIS GridEA is an expert advisor that was […]
RIS GridEA is currently located within the Experts section of the MQL5 marketplace, it was uploaded to the marketplace on the 4th of April 2020 by its creator Praveen Elango, it was uploaded as version 1.703 and has not had any updates since it was added.
Overview
RIS GridEA is an expert advisor that was designed for the MetaTrader 4 trading platform, its main purpose is to act as a martingale system that looks to capitalize on both sideways and trending markets.
The developer of the EA recommends that you try out the EA on a smaller account before using it on your main account, they also suggest using the strategy tester, expected daily profits can be around 520% which seem a little high to us, expected drawdowns can be around 10%, 20% or even 40% depending on volatility, you should also withdraw daily according to the developer which makes it sound like this could be a risky EA.
The preferred currency pairs of the EA are EURUSD and USDJPY. It is also recommended that you have a balance of $3000 for each 0.01 lots size.
The creator of this expert advisor has provided the following information about his tool:
Use a micro account and micro lot size initially to train with our EA.
Expected daily profit – 5-20% (exceeding this is a bonus)
Expected drawdown – 10% (20% or even to 40% assuming too sharp movements depending on the impact of news)
Do Payout on daily basis for ROI
Service Cost
The EA will currently cost you $1999 to purchase outright so it is an expensive EA to use, there is also the option to rent it, this can be monthly which will cost you $99 per month, for three months it will cost $249, for six months it will cost $499 and for a one-year rental it will cost you $999. Whichever option you take you will be able to activate the EA up to 5 times.
A free demo version of the Ea is available, this can only be sued within the strategy tester of the MT4 platform so it cant be tested on its actual live trading.
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.
Statistical Scalping can be found in the Experts section of the MQL5 marketplace, it was first uploaded on the 6th of July 2017 by Nauris Zukas, it has had a few updates, the most recent updates were on the 20th of July 2020 and this brought the EA up to version 2.0.
Overview
Statistical Scalping is an expert advisor that was created for the MT4 trading platform. The tool is an automated scalping system that is based on the analysis of statistics dating back over the past 14 years.
The EA gets its trades by analyzing the market volatility. Positions are then opened during price movements and are subsequently closed when certain levels are hit. The Statistical Scalping EA has shown to produce profits during all sorts of market conditions including flat, trend, economic and political influences.
Some recommendations from the developer:
Fixed lot of 0.01 per 1000 units of the deposit currency.
To achieve optimal results, it is recommended to use accounts with low spreads.
Aim for a spread on the EURUSD pair that is 1 pip or less.
Recommended pair: EURUSD.
Timeframe: M15.
There are also some parameters and settings available, these include things like the EA name, magic numbers, to show or hide information on the charts, London time difference, max lot sizes, the risk to use, max spread, and more.
Service Cost
The expert advisor can currently be purchased for $99, this is a one-time payment that will get you up to 5 activations. There is also the option to rent the EA, this can be done on a monthly basis and will currently cost you $30 per month, it can also be rented for three months which will cost you $45.
A free demo version is also present, the information and limitations of the demo account are not made clear, this often means that it can only be used with the strategy testers within MT4 but we do not know for sure.
Conclusion
There are some mixed reviews for the EA, the four available reviews have given the EA an overall rating of 3 out of 5.
“Very dangerous, I do not know why you have SL if when the price touches it, it continues open positions. The author has changed the signal several times. I won’t use it anymore, don’t waste your money.” – A 1-star review.
“Hi, I think this EA works very fine. I have been checking at the demo account for a long time and after to do the purchase I can confirm that the EA works very well, It uses a strategy that works in the retracement of the main trend for to go in the direction of this trend. Like all the EAs it has its losses but if you trust in the EA in can to have more gains that losses.The autor has answered all my questions so for me this is a 5 stars EA.” – A 5-star review.
So the reviews are getting both good and bad reviews, the developer had been replying to comments, but there have not been any since 2017, due to this we would suggest that you try and contact the developer with any questions that you may have, you can then ensure that it will do what you need it to do and that the developer will be around to offer support should you need it.
Straddle EA can be found within the MQL5 marketplace, it was created by Hitesh Arora and was uploaded to the marketplace on the 2nd of April 2020, it was uploaded as version 2.1 and has not received any further updates. Overview Straddle EA (as the name suggests) is a Forex expert advisor. This EA was […]
Straddle EA can be found within the MQL5 marketplace, it was created by Hitesh Arora and was uploaded to the marketplace on the 2nd of April 2020, it was uploaded as version 2.1 and has not received any further updates. Overview Straddle EA (as the name suggests) is a Forex expert advisor. This EA was […]
Straddle EA can be found within the MQL5 marketplace, it was created by Hitesh Arora and was uploaded to the marketplace on the 2nd of April 2020, it was uploaded as version 2.1 and has not received any further updates.
Overview
Straddle EA (as the name suggests) is a Forex expert advisor. This EA was designed to be used within the MetaTrader 4 platform. The EA works by looking at and then trading major fundamental news events. It will open 2 pending orders, Buy Stops and Sell Stops in order to capture the markets’ single direction movements at the time of the news.
The EA has three states:
Waiting: The period before market news has been released.
Passed: The EA started and a trade has been executed.
Expired: The EA has expired (after the expiration time is past).
Once added to a chart, the EA will show the following:
The type of trade
Trade settings (Lot, Gap, TP & SL)
Trailing Setting
Trade activation and expiration time
Current status of the EA (Waiting, Expired, and Passed)
There are also a number of different parameters available, these include the trade type to use, lot sizes, buy gap, the sell gap, take profits, stop losses, comments, magic numbers, trailing stop settings, time settings, and more.
Service Cost
There is not an option to purchase this EA outright and so we are only able to rent it, this can be done on a monthly basis and will cost you $49 per month. There is a free demo version available, but this can only be used with the strategy tester within the MT4 trading platform.
Conclusion
As the EA was only recently uploaded to the marketplace, there are currently no reviews or ratings about the EA, this makes it hard for us to know whether people are finding it profitable and whether it does what it is intended to do. There are also no comments so we would suggest contacting the developer with any questions that you may have, this way you can be sure that the EA will function how you need it to and that the developer will be around to offer support should you need it.
Stochastic Oscillator Crossing Levels Alerts is an indicator that can be found on the MQL5 marketplace. The indicator was first released on the MQL5 marketplace on the 4th of August 2016, it has been updated since the most recent update was on the 10th of February 2017 and it is currently at version 1.10. Overview […]
Stochastic Oscillator Crossing Levels Alerts is an indicator that can be found on the MQL5 marketplace. The indicator was first released on the MQL5 marketplace on the 4th of August 2016, it has been updated since the most recent update was on the 10th of February 2017 and it is currently at version 1.10. Overview […]
Stochastic Oscillator Crossing Levels Alerts is an indicator that can be found on the MQL5 marketplace. The indicator was first released on the MQL5 marketplace on the 4th of August 2016, it has been updated since the most recent update was on the 10th of February 2017 and it is currently at version 1.10.
Overview
The Stochastic Oscillator Crossing Levels Alerts is an indicator that can be used with the MetaTrader 4 trading platform from MetaQuotes. The way that the indicator works is by using the Stochastic Oscillator, this can send a buy signal when the Oscillator falls below a specific level and then rises above it, or a sell signal when it goes above a specific level and then falls below.
There is a wide range of features available:
4 types of signals can be enabled:
MAIN entering OB/OS zones
MAIN exiting OB/OS zones
SIGNAL entering OB/OS zones
SIGNAL exiting OB/OS zones
The end-user can set not only the Stochastic parameters but also the levels where Stochastic will trigger the signals to trade (30 & 70 instead of 20 & 80 – set by default). The trade signals are triggered at the closing of the last bar/opening of a new bar;
A variety of alerts can be enabled, including:
Dialog Box
Email message
SMS notifications
Sound alerts
By default upward arrows are plotted for buying signals and downward arrows for sell signals. Each user can choose the actual style of the arrows. The Stochastic Oscillator Crossing Levels Alerts indicator works properly at any symbol (no matter how exotic) and on any timeframe.
It is compatible with any version of the MetaTrader platform, regardless of the number of price digits or other parameters. Furthermore, it is compatible with any other tool (indicator, EA or script) without slowing down terminal performance or trading operations.
There are also a number of different parameters which can be altered. Changing these will slightly alter the functions for you. These include when to receive alerts, the types of arrows, the color of the arrows, the ability to turn off alerts, dialog boxes, sounds, and more.
Service Cost
The indicator can be purchased outright for $15, there is no option to rent this indicator, there is however a free version available, we are not sure what the limitations of this free version are, but it is always worth downloading it to try out.
Conclusion
Unfortunately, there aren’t any reviews for the Stochastic Oscillator Crossing Levels Alerts indicator, there are however some comments, while these are just questions about the indicator, the creator is replying to each one in a prompt manner which is a positive sign for the support being provided. In regards to the actual indicator, we would highly recommend that you download the trial version, this way you are able to make sure that it functions correctly and is actually what you need for your own strategies, prior to making an actual purchase.
PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been […]
PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been […]
PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been any subsequent updates since its initial upload.
Overview
PZ Open Range EA is an expert advisor that can be used with the MetaTrader 4 trading platform. Its main purpose is to implement Toby Crabel’s Opening Range Breakout Strategy. The EA will place a buy stop just above the open price, and a sell stop just below the open price.
The key features as stated by the developer:
Easy to use and supervise
Fully configurable settings
Customizable break-even, SL, TP, and Trailing-Stop
Built-in money management
Works for ECN/Non-ECN brokers
Works for 2-3-4-5 digit symbols
Trading is FIFO (NFA) Compliant
There are also some added parameters that you can alter, these include stretch settings, position management, money management, and EA settings.
Service Cost
The expert advisor can be purchased for $30, this comes with up to 100 activations with no further limitations. There is not an option to rent the indicator so the only option is the one-off payment. There is a free demo version, the details are not known, we believe that it may only be used with the strategy tester rather than being a full demo of the expert advisor.
Conclusion
There is only one review that isn’t really a review, it’s more of a question, due to this there is not a rating given and so there is no user rating for the EA. There are a couple of comments, the developer has responded to them, but there are only 2, it does give an indication that they are still willing to support the software and those using it. As there are not many reviews or comments, we would suggest trying the free version and sending your queries to the developer, this way you can ensure that it will do what you need it to do and that it is still being supported by the developer.
TMA Currency Meter is located within the Indicators section of the MQL5 marketplace. Paul Geirnaerdt first uploaded the TMA Currency Meter indicator on the 24th of November 2014, and it was last updated on the 22nd of July 2019. The current version of the indicator is version 2.2. Overview TMA Currency Meter is an indicator […]
TMA Currency Meter is located within the Indicators section of the MQL5 marketplace. Paul Geirnaerdt first uploaded the TMA Currency Meter indicator on the 24th of November 2014, and it was last updated on the 22nd of July 2019. The current version of the indicator is version 2.2. Overview TMA Currency Meter is an indicator […]
TMA Currency Meter is located within the Indicators section of the MQL5 marketplace. Paul Geirnaerdt first uploaded the TMA Currency Meter indicator on the 24th of November 2014, and it was last updated on the 22nd of July 2019. The current version of the indicator is version 2.2.
Overview
TMA Currency Meter is an indicator for the MetaTrader 4 trading platform, the indicator is based on the triangular moving average of the available symbols, it will show you which currency is strong, strengthening, weak, or weakening.
It is a multi-timeframe indicator and works well to show currency strength on higher timeframes. When attached to a single chart it will give buy and sell signals based on the moving averages.
The main usage for the indicator include:
Find strong and weak currencies
Find signals for symbols with strong moving currencies
The indicator also comes with some settings, these settings allow you to alter the way it functions, some of them include whether to use major symbols from the market watch, which symbols to use, to show the chart for certain symbols only, which timeframe to use, to show CSS values, difference thresholds, signal zone bandwidth, alerts, currency names, colors, and more.
Service Cost
The indicator will currently cost you $69 to purchase it with no limitations attached, you are also able to rent it for a six-month period, this will cost you $9 for the six months. There is a free demo version available, this will come with some limitations but there is no indication on the site as to what the limitations would be, it is still worth downloading to try out though.
Conclusion
The current rating for the TMA Currency Meter is 4 out of 5, this is the average given by the six available user reviews.
“I give the indicator a 3 to 4. But I messaged the developer with a question about the indicator and depending on the answer if he could make what would seem like a small minor change or improvement and NO answer at all not even a no I cant or wont do that. Not even an answer to my question, maybe it was my fault and I was doing something wrong, then tell me and let me know. So ZERO stars on customer support !” – A 3-star review.
“I attached indicator on chart and it was instantly removed. Tried to contact author twice but no response. I think mql5 should protect us buyers from this. Paid 30$ for something I cant even use. Stay away” – A 1-star review.
“It’s one of the best currency meter I have ever seen, and of-course it deserves 5 stars” – A 5-star review.
The majority of the reviews are positive but there are some negative ones in there, they mention not having any support from the developer which is concerning, looking at the comments section, the creator is replying to comments, so we do not know why these reviewers did not receive any support. Due to the negative reviews, we would strongly suggest that you download and try the free demo version before making a purchase, this way you can make sure that it will work for you and suits your needs.
Straddle Trader Pro MT4 is located on the MQL5 marketplace under the Experts heading. It was created by Nicholas Frant Carter and was first uploaded to the marketplace on the 27th of March 2020, it has not had any updates so the EA is still at version 1.0. Overview Straddle Trader Pro MT4 is an […]
Straddle Trader Pro MT4 is located on the MQL5 marketplace under the Experts heading. It was created by Nicholas Frant Carter and was first uploaded to the marketplace on the 27th of March 2020, it has not had any updates so the EA is still at version 1.0. Overview Straddle Trader Pro MT4 is an […]
Straddle Trader Pro MT4 is located on the MQL5 marketplace under the Experts heading. It was created by Nicholas Frant Carter and was first uploaded to the marketplace on the 27th of March 2020, it has not had any updates so the EA is still at version 1.0.
Overview
Straddle Trader Pro MT4 is an expert advisor that can be used with the MetaTrader 4 platform, it was designed to take advantage of large movements within the markets open. It will place a buy or sell order in the market, it uses many trade entry and exit filters over multiple timeframes to ensure that the trades placed are in the direction of the trend.
The main features of the expert advisor are as follows:
-Risk Management – The EA has the ability to automatically apply 5 different kinds of stop-loss functions and 3 different kinds of taking profit functions. The different types of stop losses are trailing stop loss, jumping stop loss (stop loss moves incrementally closer based on the number of pips in profit), break-even, ATR-based stop loss, and pip-based stop loss. The 3 different kinds of taking profit functions are pip-based, ATR-based, and rolling take profit (a user-defined percent of trade is closed incrementally). EA also has many different trade point entry & exit filters.
-Automated News Avoidance – This expert advisor will automatically close trades prior to the release of any major economic news events that could impact the currency pair that is being traded. Simply input the news events you want to avoid into a spreadsheet and EA will avoid them.
-Automated Market Volatility Adjustment- The EA uses an ATR (Average True Range) multiplier in many of its crucial functions instead of a defined amount of pips in order to stay aligned with current market volatility.
-Drawdown Protection – At a user-defined amount of drawdown (based on equity), the EA will close all trades and exit the chart. The EA also has a max daily drawdown function.
-Alerts and Push Notifications – The tool is quite detailed in the information that is provided to the end-user. The EA will alert the user to exactly what is doing in real-time via Push notifications and Alerts.
-Auto DST & Broker Server Time Adjustment – Once broker server time is chosen, the EA will adapt to daylight savings time automatically.
Some important notes from the developer:
-The EA works well with all brokers but works best with brokers that have small spreads.
-The EA requires VPS or an always-connected PC.
-The EA performs well when left to run autonomously.
-The EA works best on EUR/USD, GBP/USD, NZD/USD, and USD/CHF.
Service Cost
The EA cannot be purchased outright, instead, there is only the option to rent it for a year period, this will cost you $999 for the year. There is a free demo version but this may only be used with the strategy tester within the MT4 platform.
Conclusion
There are currently no reviews or ratings available for this EA. This makes it tough for us to determine whether people are finding it profitable and whether it does what it is intended to do. There are also no comments so we would suggest contacting the developer with any questions that you may have, this way you can be sure that the EA will function how you need it to and that the developer will be around to offer support should you need it, we would strongly advise doing that before making a rental due to its high cost.
Tops Scaler can be found on the MQL5 marketplace and was uploaded by its developer Catalin Zachiu. It was first uploaded on the 13th of August 2019, its most recent update was on the 12th of March 20202 and it is currently on version 2.7. Overview Tops Scalper is a scalping expert advisor for the […]
Tops Scaler can be found on the MQL5 marketplace and was uploaded by its developer Catalin Zachiu. It was first uploaded on the 13th of August 2019, its most recent update was on the 12th of March 20202 and it is currently on version 2.7. Overview Tops Scalper is a scalping expert advisor for the […]
Tops Scaler can be found on the MQL5 marketplace and was uploaded by its developer Catalin Zachiu. It was first uploaded on the 13th of August 2019, its most recent update was on the 12th of March 20202 and it is currently on version 2.7.
Overview
Tops Scalper is a scalping expert advisor for the MetaTrader 4 trading platform. It was designed to create BuyStop and SellStop orders a short distance from the key price levels. It will then try to take advantage of the triggering of the orders at those levels. It is recommended to only use the EA on the H1 timeframe with the major currency pairs. The trades can be managed with the use of taking profits, stop losses, trailing stops, and more.
Plenty of parameters are also available to alter, these include things like the lot sizes, how the lot sizes are managed, percentage of risk, to decrease on losses or wins, hard stops, take profits, trailing stops, max spreads, profit targets, maximum loss, and many more options are available too.
Service Cost
The expert advisor currently costs $30 to purchase it outright, there are no other options such as to rent it, the reviews and comments make it seem that the pricing structure has changed multiple times so it may well change again in the future.
There is a free version available, the main restrictions on the free version are that the lot sizes are fixed and so are the magic numbers. It may still be worth downloading and trying on a free demo account just to see how it functions and so you can be sure that it is the right expert advisor for you.
Conclusion
The Tops Scaler EA has 9 different user reviews giving it an overall perfect score of 5 out of 5.
“I have just done a ten year back test on EURUSD using Tick Suite and this ea and the results are very good. Anyone who would like a copy of the back test and the set file used to create it please pm me and I will be happy to send them to you. I don’t know Catalin but I am sure he is a good person.” – A 5-star review.
“this is a very good free EA I think. I still use a free version coz I still don’t have enough cash for purchase it after some lost in the past…will buy it soon after get some profit from the market. Thanks Catalin” – A 5-star review.
“Excellent EA” – A 5-star review.
The expert advisor has received some great reviews, there are also plenty of comments from people who have purchased it, the developer has been replying to each comment in a prompt manner which shows that he is still actively supporting it. We would advise you to try out the free version and send any queries you have to the creator, just to make sure it is the right expert advisor for you before you make a purchase.
Stability EURUSD can be found within the Experts section of the MQL5 marketplace. It was uploaded on the marketplace on the 31st of March 2020 by its creator Pavel Malyshko, it has not had any further updates and so it is still at version 1.0. Overview Stability EURUSD is an expert advisor created for use […]
Stability EURUSD can be found within the Experts section of the MQL5 marketplace. It was uploaded on the marketplace on the 31st of March 2020 by its creator Pavel Malyshko, it has not had any further updates and so it is still at version 1.0. Overview Stability EURUSD is an expert advisor created for use […]
Stability EURUSD can be found within the Experts section of the MQL5 marketplace. It was uploaded on the marketplace on the 31st of March 2020 by its creator Pavel Malyshko, it has not had any further updates and so it is still at version 1.0.
Overview
Stability EURUSD is an expert advisor created for use with the MetaTrader 4 trading platform. Its main purpose is to use a mathematical formula to determine market entry points. This expert advisor will use hidden support of orders from the broker in the form of stop losses, which means that you will not lose the entire deposit on several transactions. There are no fixed take profits with this EA.
It is recommended that you have an account with a balance of at least $50 and that you use a low spread broker. The EA will work on the M5 timeframe for the EURUSD currency pair. There are a few options available, these include magic numbers and different risk setting such as low risk, medium risk, high risk, extreme risk, and armageddon. You can also adjust the lot sizes used along with the maximum spreads, and GMT time changes.
Service Cost
The Stability EURUSD can be purchased outright for $199, this will come with no limitations but can only be activated up to 5 times. There is also the option to rent the EA, this can be done over a six-month period and will cost you $99 for those six months. There is a free demo version that can be used with the strategy tester with the MetaTrader 4 trading platform.
Conclusion
As the EA is still relatively new at the time that we were writing this review, there were not user ratings or comments so we do not know whether it is, in fact, doing what it is meant to be doing. Due to this, we would strongly suggest that you get in contact with the developer with your queries or concerns, this is an opportunity to make sure that the EA will perform how you need it to, but will also make sure that the developer will be available to offer support should you need it.
Sniper Signal Fx can be located within the indicators section of the MQL 5 marketplace, it was created by Damrongwit Kongtong and was first uploaded to the marketplace on the 23rd of May 2018, it received its most recent update on the 2nd of August 2019.
Sniper Signal Fx can be located within the indicators section of the MQL 5 marketplace, it was created by Damrongwit Kongtong and was first uploaded to the marketplace on the 23rd of May 2018, it received its most recent update on the 2nd of August 2019.
Sniper Signal Fx can be located within the indicators section of the MQL 5 marketplace, it was created by Damrongwit Kongtong and was first uploaded to the marketplace on the 23rd of May 2018, it received its most recent update on the 2nd of August 2019.
Overview
The Sniper Signal Fx indicator can be used with the MetaTrader 4 trading platform, its main purpose is to detect a trend using moving averages, it will then monitor the return point on the graph by using the crossing of the Stochastic Oscillator and then predicting a buy and sell signal with arrows, alerts, and notifications.
Some examples given by the developer include:
If you install the indicator on EURUSD, timeframe M5: the indicator will detect the main trend with the Moving Average on this timeframe (for example the Moving average indicates the “uptrend” )
If the indicator detects the “uptrend”, it will monitor for Stochastic Oscillator to show “cross-up” of the mainline/signal line at the below position at the lower level.
Finally, the indicator will show an “up arrow” in the chart window and send an alert message with notification such as “BUY EURUSD”
If the indicator detects opposite conditions of the above, it will show the opposite result.
The indicator works best on the M1 and M5 timeframes and with the following currency pairs: EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, USDCHF, and GBPCHF.
Service Cost
The indicator will currently cost you $250 to purchase it outright, this will get you up to 5 activations, there is also the option to rent the indicator, which will cost you $75 per month, or for three months it will cost you $135. There is a free demo version available but there is no information about it on the site, so it may only be used with the strategy tester within the MT4 platform.
Conclusion
There are six user reviews, they have given the indicator an overall rating of 3.5 out of 5.
“Indicator is very good. Important to Blogging the news. Time market open-close of each currency pair. And collecting statistics for compound around investment” – A 5-star review.
“Please improve the indicator. The index is losing trades” – A 2-star review.
There is a mix of opinions, some finding it working well and others not so much, there are also a number of comments, the developer has been replying to them, there has not been a comment in 20202 so we are not sure whether it is still being actively supported, we would advise that you send your queries to the developer to check whether they are there to offer support or not before making a purchase or a rental.
Market Activity Index MT4 is an indicator that was created in May 2016 by developer Young Ho Seo. This new technical indicator was designed to detect a quiet market period before the start of a highly volatile market. Like many excellent technical indicators, this indicator is very stable and widely applicable to many financial and […]
Market Activity Index MT4 is an indicator that was created in May 2016 by developer Young Ho Seo. This new technical indicator was designed to detect a quiet market period before the start of a highly volatile market. Like many excellent technical indicators, this indicator is very stable and widely applicable to many financial and […]
Market Activity Index MT4 is an indicator that was created in May 2016 by developer Young Ho Seo. This new technical indicator was designed to detect a quiet market period before the start of a highly volatile market. Like many excellent technical indicators, this indicator is very stable and widely applicable to many financial and non-financial instruments without too many restrictions.
Overview
The market activity index can be better used to visualize the alternating form of the low and high volatile markets. It is a very useful tool to pick up the quiet market, but ironically this is a very powerful tool to predict the highly volatile market.
The most important thing about the Market Activity Index is that the reading of this indicator is limited by its upper limit (1.0) and lower limit (0.0), but for the lower limit, it will never diverge from actual price movements. This means that for the reading of 0.08 Market Activity Index cannot be calculated from a highly volatile price movement.
To understand how essential this concept is, imagine that the price can go even higher even after the RSI reading indicates more than 70 signal overbuy (This can happen to 99% of oscillators.). The same can happen to ADX or most technical indicators. For example, 25 ADX read can still be calculated even if there was a fairly extreme price movement before. One might say that these are a false signal or a sign of delay. This Indicator is not a magic indicator, but it will make your job of reliably notifying the quiet or side market period to traders most of the time. This tool can help you understand and learn the pace of the market.
The Market Activity Index is designed to range from 0.0 to 1.0 theoretically. Level 0.0 indicates a period of calm theoretically dead and level 1.0 theoretically indicates maximum volatility. But in reality, extremes 0.0 and 1.0 will not be achieved in practice. Instead, the values we may have will be 0.05 or 0.1 to identify the side or time span of minimum volatility. The levels between 0.05 or 0.1 additionally correspond to the common critical value of 95% or 90% used in statistical hypothesis tests.
According to the observations of this indicator, some currency pairs work best with 0.05 real value and for other currency pairs, 0.1 value works best. The choice of the critical value should be made on the basis of the price data itself.
The user may want to adjust the Market Activity Index for different currency pairs. Here is a brief explanation for each input variable:
Calculation period: period for calculating the market activity rate
Average period: period to soften the market activity rate
Index Critical level: Critical level 0.05 or 0.1
Index Critical level Width: Critical level line width
Use the weighted average: true or false only (the weighted average is more sensitive than the unweighted average)
The market activity index can be better used to detect the lull in the market, which is also called the side market or low-volatility market. In practice, this period of calm is followed by a period of high volatility on a cyclical basis. The Market Activity Index itself represents the alternate image of market volatility in quantitative form. This indicator can successfully detect the start of a highly volatile market period. Although the market activity index often accurately detects the turning point, the market activity index does not aim to predict the direction of the market from its design stage.
This indicator is an excellent tool to inform us about the low volatility or side market. However, it is not an indicator to indicate the direction of the market. If your negotiating strategy is management-based, then you may need to combine it with other technical indicators. If you prefer to monitor multiple financial assets at once, you can use the Market Activity Index Panel.
Service Cost
You can find this indicator for sale on the MQL market at a price of 30 USD, it also has a free demo version so you can try it before buying it.
Conclusion
There are not many ratings of users who have tried this tool, so we do not have much data to evaluate it, but we think it can be a very interesting indicator for all types of traders.
In summary, and as has been commented, this index will warn us of changes in volatility in the markets but does not predict the direction of prices, so it is advisable to combine it with a trend indicator. In this way, the Market Activity Index will warn us when a period of high volatility begins and the trend indicator will tell us the direction of the price.
The first thing you find when you log on to the Forex Diamond website is the trading results that have been provided via myfxbook. Whether you’re an experienced trader or new to Forex, you’ll find this information helpful when making decisions about purchasing this trading robot. In this review, we’ll discuss not only the results […]
The first thing you find when you log on to the Forex Diamond website is the trading results that have been provided via myfxbook. Whether you’re an experienced trader or new to Forex, you’ll find this information helpful when making decisions about purchasing this trading robot. In this review, we’ll discuss not only the results […]
The first thing you find when you log on to the Forex Diamond website is the trading results that have been provided via myfxbook. Whether you’re an experienced trader or new to Forex, you’ll find this information helpful when making decisions about purchasing this trading robot. In this review, we’ll discuss not only the results but also how this tool functions.
Overview
The developer of this advisor is the company Fx Automater Group. This company has created many popular currency trading systems. It has been commented in multiple forums that this robot is very different from other Forex robots that exist in the market. This is due to the 40X recovery factor, and the trading systems of Forex called 3 in 1. The reality is that the results of your page are positive but need to be analyzed.
Winning 2500 pips in 8 months is the equivalent of about 300 pips a month. Many traders can earn 1000 pips a month. And Forex Diamond is a world-class robot that makes 300 pips every month? This benefit is the result of a robot with a recovery factor of 40X. The meaning is that Forex Diamond earns 40X more for every 1 trade it loses.
Currency Pairs, Terms, and Strategy
This advisor negotiates with 4 currency pairs. EUR/USD, GBP/USD, USD/CHF, and USD/JPY. The USD/JPY pairing is the most traded currency pair. The robot is designed for scalping, using M15 time frames, and most trades last an average of 6 hours.
If we talk about strategy, the EA uses a diversified system of 2 strategies in 1 same software. The strategies that are used are tendential, and counter-trend. Everything is based on the search for signs of trend changes.
Historically, the majority of returns in the years 2014-2016 were at least 15 percent per month. At present, however, an attempt is made to achieve a return of 10 percent per month, the real average being 2-5 percent.
With the recovery factor of 40X, anyone would expect a trade loser to recover with 40 winning trades. The rate of profit is excellent. This rate stands at 70%, but the main problem with this Forex advisor is the low profits.
Service Cost
This EA currently costs $237 USD. The price usually varies continuously, and they also usually offer flash discounts. Now, they have a discount of 30% off from the original price of $297 USD. This Forex robot comes with a money-back guarantee, with a 60-day trial. They claim that money back is a no-questions-asked policy. You get your money back just by asking for it.
Is Forex Diamond EA a Scam?
Valuing well, this EA is not a scam. It has failed to maintain claims of being a system capable of generating a 10% monthly return. In the beginning, the robot was actually getting excellent results. Some months it was reached to exceed 30% and even 40% profitability. But as the years have been advancing, the returns have been decreasing. Currently, all available accounts are trying to reach a 10% monthly return.
This means that you can earn some money with this system, but you will not really achieve high returns. The returns of the 500% produced in the past will probably never be repeated due to the circumstances that usually cause a robot to get fewer and fewer results over time.
What We Like About This FX Robot
What we like best is the 60-day refund guarantee. This time is large enough to ensure that most traders can test the system. The second thing we like best is the transparency of your accounts. At the same time that they make you think that 1250 pips are something impressive, they also show you how slow their accounts are. Finally, your auto-update algorithm. With this issue, you don’t have to ask about updates, as they are automatic.
Conclusion
Forget about the 15 years of backtesting. We accept that this robot is not a scam, but the yields produced in 2019 are not so kind as to recommend that you buy this EA. There is no guarantee that even the 10% monthly return sought will be achievable even in one year with Diamond Forex.
Ganon Forex is the title of a Forex trading robot that has been created by the Forex Robot Trader team. Is it worth buying this EA? Read this Ganon Robot review to see what conclusions we reached. Overview Ganon Forex’s website promotes the robot as a very “powerful” trading tool. As mentioned above, this software […]
Ganon Forex is the title of a Forex trading robot that has been created by the Forex Robot Trader team. Is it worth buying this EA? Read this Ganon Robot review to see what conclusions we reached. Overview Ganon Forex’s website promotes the robot as a very “powerful” trading tool. As mentioned above, this software […]
Ganon Forex is the title of a Forex trading robot that has been created by the Forex Robot Trader team. Is it worth buying this EA? Read this Ganon Robot review to see what conclusions we reached.
Overview
Ganon Forex’s website promotes the robot as a very “powerful” trading tool. As mentioned above, this software is developed by the Forex Robot Trader team. According to the website, this robot is better than other competitors. This statement is based on the fact that Ganon Forex is able to detect trends better than other robots. Although sellers have some popularity in the market, the new owners have not been divulged.
Ganon Forex Robot uses what is referred to as “exclusive Strand Theory” on its website. This apparently allows the EA to find the most efficient trend exchanges and eliminate “false” trend shifts. One report comments that the strategy was worked over a period of six years, and in this time the best signs of trend have been identified. Buyers of this EA can choose between two ways to use this robot.
The software automatically optimizes settings and levels to trade all existing currency pairs. The installation does not require any particular skill and can be done in just 5 minutes. Ganon Forex promises fully automated trend trades, which require little or no effort. Using advanced trend detection, the algorithm aims to find good trades.
Service Cost
The price of the EA is currently 99 USD. There is a 50% discount for the purchase of the robot, which usually costs 199 USD. There is a free robot offered on the company website, but it is not clear as to if this is a full version of Ganon, a limited trial version, or some other type of Forex trading robot entirely.
User Comments
An important part of our reviews is to consider what users who have made use of a product or service are saying about it. We always prefer to search third-party websites rather than the official website of the service itself. The reason is simple; sometimes, what we find on official websites could have been manipulated.
There are certainly not many comments available on this product, but the ones we have found have generally been negative, which is somewhat discouraging. The results of the operations are published on the Ganon Forex website, but you cannot rely on it 100%. We always prefer the results that appear on third-party sites where they can be verified, although in this case, we have not found any that can contrast the results.
Customer Support
We have not found a visible way on the website as it is possible to contact the provider or to get more information from some customer service. And we consider this a negative point.
Conclusion
Ganon Forex Robot offers very few details about how your robot works on the website. The information provided is not sufficient, and the lack of commercial results is also disappointing. It is much better when the seller is transparent, rather than leaving the user with doubts or suspicions.
Kana Profit EA is a robot created in April 2020 by developer Rami Kanawati, which premieres in the marketing of EAs with this its first product. This expert consultant is a provider of trade signals. The signals are used with a time frame of 1H, which is the time frame that has shown the best […]
Kana Profit EA is a robot created in April 2020 by developer Rami Kanawati, which premieres in the marketing of EAs with this its first product. This expert consultant is a provider of trade signals. The signals are used with a time frame of 1H, which is the time frame that has shown the best […]
Kana Profit EA is a robot created in April 2020 by developer Rami Kanawati, which premieres in the marketing of EAs with this its first product. This expert consultant is a provider of trade signals. The signals are used with a time frame of 1H, which is the time frame that has shown the best results.
Overview
The creator of this EA advises that our trading account has a leverage of 1:400 to obtain the best results. All orders that this robot executes go with stop loss and take profit and the maximum trade size that is recommended is 0.01 lot for every 100 USD balance in the account balance. The recommended minimum deposit to start will be 300 USD.
The best result in the preliminary tests of this EA is for the currency pairs GBPUSD, EURUSD, and NZDUSD. When you open a trade the robot will put a Take Profit to 30 pips for both purchases and sales ( This must be changed manually before starting to use the EA, if we want a Take Profit more or less distance).
The default robot parameters are set to 100 USD, you can increase the batch size if your equity is greater than 300 USD. If your equity is 1000 USD or higher you can use lot size 0.10 maximum for all currency pairs, but it is not used for multiple graphics, the total should not exceed 0.10 for all pairs if your equity is 1000 USD.
Service Cost
If you are interested in renting this robot and find out if it gets the results it promises, you have it available in the MQL market at a price of 15 USD for 1 month of use, 30 USD for 3 months of use, 75 USD for 6 months of use, and 125 USD for 1 year of use. At the moment it is not available for sale.
Conclusion
In conclusion, we talk about the first EA developed by Rami Kanawati, who details a series of recommendations but does not reveal the true functioning of this EA. We only have a series of screenshots where we can see the results of this tool, which look very good, but we don’t have a link to an audited real account with the robot running that would be ideal.
We recommend downloading the free demo version to learn how this EA works and see what results can be obtained. Being a newly designed product, there are hardly any user reviews that have tested it, but the few reviews that exist at the moment are very positive.
As with any robot, we always advise using a reliable broker with a low spread, and low latency, so that transactions are executed as quickly as possible. It is also advisable, whenever a robot is used, to have a virtual server (VPS), and if there is no dedicated server, we will have to leave our computer on 24/7 while the EA is working.
Market Reverse Signal is an indicator created in March 2018 by developer Evgeny Belyaev. Evgeny Belyaev tells us that this arrow indicator, called Market Reverse Signal, generates input signals in the direction of the trend, without drawing again. Its operating algorithm is based on an original proprietary method that combines multiple tools for technical analysis […]
Market Reverse Signal is an indicator created in March 2018 by developer Evgeny Belyaev. Evgeny Belyaev tells us that this arrow indicator, called Market Reverse Signal, generates input signals in the direction of the trend, without drawing again. Its operating algorithm is based on an original proprietary method that combines multiple tools for technical analysis […]
Market Reverse Signal is an indicator created in March 2018 by developer Evgeny Belyaev. Evgeny Belyaev tells us that this arrow indicator, called Market Reverse Signal, generates input signals in the direction of the trend, without drawing again. Its operating algorithm is based on an original proprietary method that combines multiple tools for technical analysis of the market.
Overview
This technical Forex indicator makes it possible to find potential trend reversal points (when the trend changes direction) and to receive market entry signals when the trend is beginning to form.
The main advantages of this indicator are:
Suitable for both scalping and intraday trading.
It eliminates the need to draw again.
Works in all time frames, ranging from M1 to D1.
User-friendly functionality.
The indicator has an integrated alert with the possibility of sending messages to the email and the smartphone when a new signal appears.
Sell sign: Sell when the indicator arrow is headed downward.
Recommended trading symbols include GBP/USD, AUD/USD, USD/JPY,USD/CHF, EUR/JPY, and EUR/USD. It can also be used in indices and stocks but has shown better Forex efficiency. The indicator has been shown to be more cost-effective when used in time frames from M5 to H4.
The main parameters of this indicator are:
Period: this will be the primary parameter and is responsible for the period of calculation of the indicator.
Alert: Enable/disable alert. If true – enabled, If false – disabled.
Push: enables/disables sending messages to the mobile terminal. If true – enabled, false – disabled.
Service Cost
This indicator is available for sale on the MQL market at a price of 34 USD. It is not possible to rent it due to its adjusted price, but the demo version is available for you to test and evaluate if it is useful to your trading style.
Conclusion
Perhaps the main feature of this indicator is that it is extremely simple to use and to understand, therefore it is suitable for all types of traders. Beginner traders will feel very comfortable with this indicator.
As we have commented in other reviews, if you already have a trend indicator, it is advisable to complement it with another different indicator, in order to optimize the input signals and try to make the inputs to the market as successful as possible.
We have not found user ratings about this indicator, we have only been able to observe a series of screenshots that the developer facilitates to visualize in various scenarios how the indicator behaves and in which points he launches the signals of purchase and sale, And the gauge really does it very well.
Megatrend Assistant is a state-of-the-art indicator, incorporating the experience gained over several years of using the popular Megatrend Monitor SF286. So we can say that this is an improved version of this indicator. Overview Megatrend Assistant is a very powerful tool that will be useful for both professional traders and beginner traders in trading. With […]
Megatrend Assistant is a state-of-the-art indicator, incorporating the experience gained over several years of using the popular Megatrend Monitor SF286. So we can say that this is an improved version of this indicator. Overview Megatrend Assistant is a very powerful tool that will be useful for both professional traders and beginner traders in trading. With […]
Megatrend Assistant is a state-of-the-art indicator, incorporating the experience gained over several years of using the popular Megatrend Monitor SF286. So we can say that this is an improved version of this indicator.
Overview
Megatrend Assistant is a very powerful tool that will be useful for both professional traders and beginner traders in trading. With the Megatrend Assistant indicator you will be able to replace dozens of screens, and “scan” the dynamics of market behavior and the statistics of twenty-eight instruments in six different time frames into a single graph. This makes the task much easier for users.
In addition to the main known features of the Megatrend, Megatrend Assistant allows you to:
Change the number of bars in the fractals used in the calculations.
Work both on a full bar and using the current price.
Control current propagation on all specified instruments in real-time.
Move the area boundaries with the mouse.
The indicator shows you the areas of consolidation, upward (downward) trend, and investment in different colors, for better recognition.
By simply clicking the mouse button with the name of the desired instrument, you can open yours with the default template in the configuration. By sliding the area boundaries with the mouse, you have the possibility to choose the best levels to open and close the signals, as well as choose the most suitable instruments for trading in your preferred strategies. Custom templates will help you find the best opportunities to get in and out during trading.
For the correct operation of this indicator, and to obtain the best results of it, Megatrend Assistant must be configured in a graph with an M1 time frame.
Megatrend Assistant is a very advisable tool for market analysis, to look for the most active and correlated currency pairs, symbols that are currently the best allies and rivals, as well as to choose a decision for opening and closing positions.
https://youtu.be/xo7Gu6F58m8
The Main Parameters of this Indicator
Working symbol – list of symbols
TF 1 – TF 6 – directory of time limits
The bars count for the calculation – sets the number of bars for the calculations
Reversal risk color – color of the signal on the investment risk
Linewidth Inside Flat – line width within the consolidation area
Linewidth Outside Flat – line thickness after exiting a consolidation area
Colour of the investment risk area – the color of the investment area
Timer period – timer period in seconds
Click open tf – open chart time frame
Service Cost
The price of this indicator is 59 USD, and you can find it in the MQL market in the indicators section. A free demo version is also available for those who wish to test the Megatrend Assistant prior to making a full purchase.
Conclusion
This indicator was created in March 2017, and since then has accumulated a lot of positive reviews from its users, so we can confirm that it is an excellent instrument to consider. We are talking about a very complete indicator with multiple configurations and customization options. More suitable for experienced traders, although a previous study is also suitable for beginner traders, who are advised to use the free demo version beforehand to become familiar with the indicator.
The investment of buying the Pipfinite Pro indicator can be a perfect choice, given the positive reviews this tool has. We are talking about a 5-step system that many professional traders use to improve their operation. Pipfinite Reversal Pro combines very effectively the price action, the ideal location, and reliable statistics of an intelligent algorithm. […]
The investment of buying the Pipfinite Pro indicator can be a perfect choice, given the positive reviews this tool has. We are talking about a 5-step system that many professional traders use to improve their operation. Pipfinite Reversal Pro combines very effectively the price action, the ideal location, and reliable statistics of an intelligent algorithm. […]
The investment of buying the Pipfinite Pro indicator can be a perfect choice, given the positive reviews this tool has. We are talking about a 5-step system that many professional traders use to improve their operation. Pipfinite Reversal Pro combines very effectively the price action, the ideal location, and reliable statistics of an intelligent algorithm. Understanding the market from this perspective allows this indicator to recognize the best trades available in the market.
Overview
The 5 steps of Pipfinite Reversal Pro include:
Step 1: Trade Configuration – The success rate in statistics is at least 60% (success rate of statistics 60%).
Step 2: Check the support and resistance levels.
The sign to buy: The price is not close to the resistance (Blue Line).
The sign to sell: The price is not close to support (Red Line).
Step 3: Set Stop Loss. It is recommended to use the stop loss calculated by the indicator.
Option 2: Make partial profits on TP1 and close the remaining position on TP2.
Option 3: Take advantage of support or resistance levels.
Signal to buy: Take advantage of the resistance (Blue Line).
Signal to sell: Take advantage of the support (Red Line).
Step 5: An exit strategy. If SL or TP levels are not reached, the trading output will be in a new signal.
Advantages & Perks
It professionalizes your trade.
It signals entry, exit strategy, stops losses, and takes profit levels.
Reliable statistics according to the above criteria.
He never repaints, never paints, never recalculates.
Signs strictly on the “Bar Lock”.
Works on all financial assets and time frames.
Integrated pop-up, email, push notification, and sound alerts.
Fully compatible with the development of other Expert Advisors (EA).
Indicator Statistics Calculation
Win Condition.
TP1 Hit – when a signal reaches at least TP1.
EXIT Win – when a trade closes in a new signal and resulted in a positive benefit.
Condition of the loss.
SL Hit – The point when a signal reaches Stop Loss.
Exit Losses – When a trade is closed in a new signal and results in negative profit.
Success rate.
Percentage of signals that qualify for the status of winners.
It is used as a reference to find better pairs and deadlines.
Indicator Parameters
Signal period – the number of bars used to calculate the signal.
Zone Period, the number of bars used to calculate the dynamic S&R levels.
Zone Deviation, the factor used to determine the distance of S&R levels.
Stop Loss Selection – the stop loss strategy applies automatically.
Take Profit Factor – the multiplier used to calculate the gain levels.
Maximum history – the maximum number of bars.
Display Parameters – controls the visibility of objects drawn on the graph.
Graphical parameters – controls the appearance and colors of objects drawn.
Dashboard Parameters – controls visibility and colors of the stats found in the chart.
Warning Parameters – controls the alert options activated.
Service Cost
You can purchase this indicator for 98 USD, rent it for a period of one month for 58 USD and try it for free in its demo version.
Conclusion
In short, we are talking about a very appreciated indicator in the market of indicators offered by MQL. Created in 2018, it has a multitude of positive user reviews, making it appear an indicator that gives positive returns to its buyers.
Steady Scalper can be found on the MQL5 marketplace under the Experts heading, it was first uploaded to the marketplace on the 10th of March 2020 by its creator Shi Yanlin, it has received a few different updates, the most recent of the updates was on the 7th of April 2020 which brought the software […]
Steady Scalper can be found on the MQL5 marketplace under the Experts heading, it was first uploaded to the marketplace on the 10th of March 2020 by its creator Shi Yanlin, it has received a few different updates, the most recent of the updates was on the 7th of April 2020 which brought the software […]
Steady Scalper can be found on the MQL5 marketplace under the Experts heading, it was first uploaded to the marketplace on the 10th of March 2020 by its creator Shi Yanlin, it has received a few different updates, the most recent of the updates was on the 7th of April 2020 which brought the software up to version 1.4.
Overview
Steady Scalper is an expert advisor for the MetaTrader 4 platform, the EA was created using a high win ratio and steady trading strategies. The EA does not use more risky strategies such as martingale or grids. It instead uses four different trading strategies that are designed to look at the daily trends. They all look at the daily pivot points, resistance, and support levels, and will open up trades based on high-frequency RSI information. The four methods of looking for trades are:
Use daily high and low prices;
Use daily open, high, and low prices;
Use daily open and current prices; and
Use daily high, low, and current prices.
The EA will only open one trade per direction which helps to reduce the amount of drawdown that the EA could generate, it will also not trade very often, it is estimated that the EA may trade just 5 to 8 times per month to try and maintain steady growth to your account.
The trades are mainly opened during the quiet times in the markets such as during a daily rollover, this makes the EA workable on computers and connections with higher pings. The take profit levels are small so an account with low spreads is highly recommended, leverage depends on your own tasks but as low as 1:30 is still sufficient for traders using $100 per 0.01 lots.
The EA has been optimized to work on the GBPUSD currency pair and on the M1 timeframe, while it can work on other currency pairs, it will not be as effective and the risk management may not work as well.
There are also a number of parameters that come with EA, these can be changed to slightly alter the functionality of the expert advisor. Some of them include the money management settings, the lot size to use, the RSI calculation settings, stop loss levels, take profit levels, days to trade, comments, magic numbers, and more.
There is a signal available that gives us a little idea about how the EA is performing, it has traded 24 times and has a ratio of 100% profitable trades making 29% account growth, these are very positive numbers, however, the account is very small so the actual capital growth is low.
Service Cost
Steady Scalper can be purchased from the marketplace with a single payment of $99, this comes with 5 activations and no other sort of limitations. There is also the option to rent the EA, this will cost you $30 per month, or for three months it will cost $59 and for six months it will cost $79, these rentals also come with up to 5 activations of the software. There is also a free demo version, this can only be used with the strategy tester within MT4 and not on live accounts so it is quite limited in its functions.
Conclusion
Steady Scalper had two reviews at the time of writing which had given it an overall rating of 5 out of 5.
“Precise and steady entries, so far…” – A 5-star review.
So both the reviews are very positive, there are two comments in the comment section, 9 are from the developer giving promotions or settings updates, the one comment from a customer was quickly responded to, all the updates and the response shows that the developer is keen to actively support the EA which is a great thing to see and it gives you confidence that if you require support, you would get it.
Trade Manager Pro was uploaded by Imran Hingora on the 9th of April 2014 onto the MQL5 marketplace under the Experts heading. It has not received any further updates and is still currently on version 1.0. Overview Trade Manager Pro is an expert advisor for the MetaTrader 4 trading platform, it has been created as […]
Trade Manager Pro was uploaded by Imran Hingora on the 9th of April 2014 onto the MQL5 marketplace under the Experts heading. It has not received any further updates and is still currently on version 1.0. Overview Trade Manager Pro is an expert advisor for the MetaTrader 4 trading platform, it has been created as […]
Trade Manager Pro was uploaded by Imran Hingora on the 9th of April 2014 onto the MQL5 marketplace under the Experts heading. It has not received any further updates and is still currently on version 1.0.
Overview
Trade Manager Pro is an expert advisor for the MetaTrader 4 trading platform, it has been created as a tool to help you exit out of trades. Looking through the information provided, this expert advisor will not open trades, it will only manage existing trades or trades opened by yourself in an effort to come out of the trades with profit.
The trades can be managed by their magic numbers, trade comments, ticket numbers, certain pairs, all trades, or specific pairs.
The expert advisor also comes with a number of stop losses, these include the initial take profits and stop losses, last bar stop loss, last swing stop loss, stop loss on break-even, RSI based stop loss, MACD based stop loss, time-based stop loss, and partial close.
There are a number of different trading stop options available:
Simple trailing
Parabolic trailing
ATRStop trailing
X Bars Back trailing
Fractal based trailing
Bollinger Bands trailing
Moving Average trailing
Donchian Channel trailing
A number of parameters are also available, they include things like the maximum drawdown levels, basket stop losses and take profits, to use time filters, whether to reverse trade, alerts, mail, and mobile settings.
Service Cost
The expert advisor will currently cost you $97 USD to purchase and own it outright. This version will have no limitations and can be used for as long as you need to, there is also an option to rent the expert advisor, that method will cost you $30 per month.
There is a free demo version, the limitations of this version are not stated on the site, it may only be used within the strategy tester but we cannot say for sure, it may still be worth downloading to have a little look at what it offers before making a purchase or a rental.
Conclusion
There are two reviews available for the Trade Manager Pro, they give a mix of opinions and give the expert advisor an overall rating of 3 out of 5.
“This is a terrible system. The manual describes different parameters to what are in the settings. And, even the basic parameters like stop loss and take profit with the stop loss moving to break even does not work. The trade goes back to the original stop loss. If the basic parameters like these don’t work properly then I hate to think what the rest of this rubbish does. Don’t buy it or use it.” – A 1-star review.
“Absolutely awesome! Everything you could ask for in a trade manager! Everything that I have tested on it has worked flawlessly. I especially like the fact that I only have to attach it to one chart.” – A 5-star review.
So the reviews are mixed and make it hard to know exactly how the expert advisor is doing, in terms of comments, there are plenty, the developer has been replying to each one quite quickly which is a good sign as to the sort of customer support that you will receive. Due to the mixed reviews be sure to try out the free version and send any questions you have to the creator before making a purchase.
The Trend Continuation Strategy can be found within the indicator section of the MQL5 marketplace. We have provided a link to it below. The indicator was uploaded by Gary Sharp on the 21st of October 2018, it has an update on the 11th of November 2018 which brought it up to the current version of […]
The Trend Continuation Strategy can be found within the indicator section of the MQL5 marketplace. We have provided a link to it below. The indicator was uploaded by Gary Sharp on the 21st of October 2018, it has an update on the 11th of November 2018 which brought it up to the current version of […]
The Trend Continuation Strategy can be found within the indicator section of the MQL5 marketplace. We have provided a link to it below. The indicator was uploaded by Gary Sharp on the 21st of October 2018, it has an update on the 11th of November 2018 which brought it up to the current version of 1.4.
Overview
The Trend Continuation Strategy is an indicator for the MetaTrader 4 trading platform and can be used on any time frame and on any symbol. The indicator uses Stochastic crossovers that occur below the 20 levels and above the 80 levels, which will then be confirmed by the slope of the EMA50. The indicator will suggest buffers, take profits and stop losses with each signal.
There is also a market scanner, this will scan the markets and will apply the strategy above to 28 currency pairs, including Gold and Silver. It will then give out trade alerts when the conditions are met.
Service Cost
The Trend Continuation Strategy cannot be purchased outright, instead, you are required to rent it, you are able to rent it on a monthly basis which will cost you $10 per month, you are also able to rent if for three months which will cost you $15 for the three months. There is a free version available, this will have some limitations but they are not currently stated on the site so we do not know what the limitations are.
Conclusion
Unfortunately, there aren’t any reviews available for this indicator, there are some comments and just as, unfortunately, the developer does not seem to be replying to the most recent comments. We would suggest getting in contact with the developer just to make sure that he is active in his support for the indicator. We would also highly recommend that you download and try out the free demo version, just to make sure that it functions the way that you need it to prior to making a rental purchase.
Trendax is an EA that can be found within the Experts section of the MQL5 marketplace, it was created by Antonis Michos and was uploaded to the marketplace on the 19th of March 2020, it received an update on the same day as its release which brought the software up to version 1.2. Overview Trendax […]
Trendax is an EA that can be found within the Experts section of the MQL5 marketplace, it was created by Antonis Michos and was uploaded to the marketplace on the 19th of March 2020, it received an update on the same day as its release which brought the software up to version 1.2. Overview Trendax […]
Trendax is an EA that can be found within the Experts section of the MQL5 marketplace, it was created by Antonis Michos and was uploaded to the marketplace on the 19th of March 2020, it received an update on the same day as its release which brought the software up to version 1.2.
Overview
Trendax is an expert advisor that was created for use with the MetaTrader 4 trading platform. It is an EA that will try to trade along with the trends within the markets, if it opens up positions at the end of the trend then it will look to average out the losing position with other trades. The EA will use the 4H chart to find the trends and then the M15 timeframe to find entry points. Trendax does not use the martingale strategy or grid strategy when trading.
It is recommended to use 0.01 lots for every $1000 that you have in the account, use only one pair or two if they are opposite correlated. Use different magic numbers for each chart that you use and ensure that they are on the M15 timeframe.
In terms of parameters, there isn’t a huge selection but they include the amount of profit in pips, the volume block percentages, and the time in minutes that you wish to use the EA.
Service Cost
The Trendax EA will currently cost you $90 to purchase it outright, this will allow you to activate the software up to 5 times with no further limitations. There is also the option to rent the EA for a year, this will cost you $85 for the year rental. A free demo version is also available but this can only be used with the strategy tester within the MT4 platform and not on a live account.
Conclusion
There is just one review of this EA which has given it an overall rating of 5 out of 5″
“Very interesting and promising EA that can be a great tool on a trader arsenal. I conduct several Backtests from 01.01.2013 to 20.03.2020, on EUR/USD, with default settings, and despite all the volatility during this big period, EA stands very well. The max DD was 10,19% using tick. Please don’t try to be rich in one day, respect money management, no EA or trader can survive without good money management. I´ll go now on demo ( just to see if there is any bug), and will put it alive soon. I’m a client of Antonis, have two other EA´s, and I just have good things to say about him and his support. On demo and alive if I find something that worth sharing with the community I will do it with all honesty. Antonis knows that I´m the first to suggest changes and to point for improvements.” – A 5-star user review.
So the review is very positive but there is just one so it does not give a varied view of the EA, there are also no comments so the support offered by the developer is not known (apart from what was written in the review which was positive). Due to the lack of information, you should try to contact the developer before purchasing so you can be sure that the EA will function how you require it to.
Brian Collard first uploaded Volume by Price Lite MT4 to the MQL5 marketplace on the 12th of July 2019, it has had a number of updates, the most recent update was completed on the 29th of March 2020 and that update brought the indicator up to version 5.106. Overview Volume by Price Lite MT4 is […]
Brian Collard first uploaded Volume by Price Lite MT4 to the MQL5 marketplace on the 12th of July 2019, it has had a number of updates, the most recent update was completed on the 29th of March 2020 and that update brought the indicator up to version 5.106. Overview Volume by Price Lite MT4 is […]
Brian Collard first uploaded Volume by Price Lite MT4 to the MQL5 marketplace on the 12th of July 2019, it has had a number of updates, the most recent update was completed on the 29th of March 2020 and that update brought the indicator up to version 5.106.
Overview
Volume by Price Lite MT4 is an indicator that was created for the MetaTrader 4 trading platform, it is the ‘Lite’ version of the indicator which is a data visualization tool used to show the relationships between volume, price, and time.
The indicator is able to filter its data by session, segment and can highlight various bits of data including the key levels and ranges, to create volume profiles and market profiles, as well as showing volume-weighted average prices, supply and demand zones, and average daily ranges.
There are also a number of other features and parameters available including the volume profit, market profile, volume-weighted average price, volume over time, supply and demand zones, average daily range, multiple timeframe analysis, filter by time, volume point of control, and many more.
Service Cost
The Volume by Price Lite MT4 can currently be purchased outright with a one-off payment of $34.95, this will get you unlimited access to the indicator. You are also able to rent it, this can be done on a monthly basis and will cost you $11.95 per month.
A free to download demo version is available, the demo version will have some limitations and may only work with the strategy tester, however, the full details of the demo version are not stated on the site.
Conclusion
There are two reviews giving the indicator an overall rating of 3 out of 5.
“great!!!!!!!! best in the market!!” – 5-star review.
There is also a 1-star review but the user did not leave a comment. So the mix of scores, but it would have been better to see what the negative reviewer actually thought, there are also quite a few comments, the developer of the indicator has been replying to most of them which show that they are still actively supporting the indicator which is good to see. We would suggest trying out the free version just to make sure that it works for you and also contact the developer with any questions that you may have before you make a purchase or a rental.
Tipu Impulse Oscillator was created by Kaleem Haider a was first uploaded on the 29th of January 2016, it received an update on the 17th of June 2016 which brought the indicator up to version 1.20. Overview Tipu Impulse Oscillator is an indicator for the MetaTrader 4 platform, it is based on the impulse principle […]
Tipu Impulse Oscillator was created by Kaleem Haider a was first uploaded on the 29th of January 2016, it received an update on the 17th of June 2016 which brought the indicator up to version 1.20. Overview Tipu Impulse Oscillator is an indicator for the MetaTrader 4 platform, it is based on the impulse principle […]
Tipu Impulse Oscillator was created by Kaleem Haider a was first uploaded on the 29th of January 2016, it received an update on the 17th of June 2016 which brought the indicator up to version 1.20.
Overview
Tipu Impulse Oscillator is an indicator for the MetaTrader 4 platform, it is based on the impulse principle and is applied to Tipu Trends, the oscillator will highlight he points where the trend speeds up and slows down.
Some of the key features of the indicator:
-Customizable Buy and Sell alerts, push alerts, email alerts, or selectable on-screen alerts.
-Easy to use an indicator that gives quick impulse signals for trade
-Ideal for short term scalping and binary options trading when combined with Tipu Trend indicator
-Can also be utilized for the divergence signals to the general price trend and the price action.
There are also a few settings available with the indicator, these include whether to show the panel, alert types, notifications types, and more.
Service Cost
Tipu Impulse Oscillator can be purchased for $30 which will allow you to activate it up to 10 times, it can also be rented for a year which will cost you $10 per year. A free demo version can be used with the strategy tester within MetaTrader 4.
Conclusion
There are no user reviews available which makes it hard to work out whether people are finding it useful or if it manages to do what it is meant to do. There are plenty of comments, the developer has been replying to the majority of them, the most recent comment in 2019 has not had a developer reply so we are not sure whether it is still being actively supported or not. We would suggest sending your questions to the developer as a way to ensure that you will be able to receive support should you decide to purchase or rent the indicator.
Trend Channels is an indicator that is located on the MQL5 marketplace, we have added a link below to the indicator that we are concentrating on. First uploaded on the 24th of May 2019 by Le Dang Nguyen Hoang Vu, it was uploaded as version 3.7 and there have not been any further updates so […]
Trend Channels is an indicator that is located on the MQL5 marketplace, we have added a link below to the indicator that we are concentrating on. First uploaded on the 24th of May 2019 by Le Dang Nguyen Hoang Vu, it was uploaded as version 3.7 and there have not been any further updates so […]
Trend Channels is an indicator that is located on the MQL5 marketplace, we have added a link below to the indicator that we are concentrating on. First uploaded on the 24th of May 2019 by Le Dang Nguyen Hoang Vu, it was uploaded as version 3.7 and there have not been any further updates so that is still the most recent version.
Overview
The Trend Channel is an indicator for MetaTrader 4, the indicator has been designed to plot trend channels on to the charts.
Most price movements occur within a channel, there are three main channels:
Channels that are angled upward are referred to as ascending channels.
Channels that are angled downward are referred to as descending channels. (Both Ascending and descending channels are also referred to as trend channels because the price is moving more predominantly in just one direction.)
Channels in which the trendlines are moving horizontally are referred to as horizontal channels, trading ranges, or rectangles.
The indicator was designed to be used with manual trading but can be used along with an expert advisor to create a fully automated system. A channel will be created when the price is moving between two parallel trendlines. You can use the drawn channels as an idea of which way the markets are moving and give you ideas about whether you should buy or sell.
Service Cost
The indicator is actually completely free so the full version can be downloaded without any charge, due to that there is, of course, no demo version available.
Conclusion
There are 18 reviews, the overall rating given to the indicator is 4 out of 5.
“This is really helpful to show you easily where the trends are within the channel so you’re not having to spend nearly as long doing the charting.” – A 5-star review.
“Not very good” – A 3-star review.
“One of the best tools I was able to download last days…Excellent work my friend, thank you for sharing!” – A 5-star review.
The majority of the reviews are positive with a few 3 and 4-star reviews thrown in. there are also over 20 comments, the developer has been replying to them which is good to see and shows that they are still actively supporting the indicator. As the indicator is free, there is no harm in downloading it and trying it out if this is the sort of thing that you are looking for.
Monster Dash Harmonic is an indicator created in September 2019 by developer Paul Geirnaerdt. This Indicator is based on harmonic patterns. It recognizes all major patterns. Monster Dash has a panel that displays all detected patterns for all symbols and virtually all time frames in presents them in an easy-to-navigate format. Users can add their […]
Monster Dash Harmonic is an indicator created in September 2019 by developer Paul Geirnaerdt. This Indicator is based on harmonic patterns. It recognizes all major patterns. Monster Dash has a panel that displays all detected patterns for all symbols and virtually all time frames in presents them in an easy-to-navigate format. Users can add their […]
Monster Dash Harmonic is an indicator created in September 2019 by developer Paul Geirnaerdt. This Indicator is based on harmonic patterns. It recognizes all major patterns. Monster Dash has a panel that displays all detected patterns for all symbols and virtually all time frames in presents them in an easy-to-navigate format. Users can add their own user-defined patterns. The indicator can open and update the charts with the pattern that are found.
Overview
The default settings for this indicator are optimal the vast majority of the time, but users are free to adjust them to suit their specific needs. Color settings are for those who ‘went to the dark side’ (black backgrounds) and do not prefer white backgrounds.
The major general setting options are as follows:
-Pattern Checking: Sets the frequency to detect and update patterns. This works independently of the time frame of the chart.
-Excluding Symbols: A list of symbols to exclude pattern recognition. The tool looks at all the symbols within the Market Watch window.
-Minimum Accuracy Percentage: The minimum adjustment percentage for pattern discovery.
-Minimum Price Proportions: Orders the indicator to reach all the minimum proportions, users can select this option if they want the price. When approaching all the minimums, ratios can provide better patterns.
-Visualize Pattern Projections: Visualize the patterns that have been projected.
-Check MN1, W1, D1, H4, H1, M30, M15, M5, y M1: Setting to include the time frame in harmonic pattern recognition.
-Off-Line Time Frames: Establishes a comma-separated list of all offline time frames. Useful for medium Renko graphics.
-Display Command Column – Display a column with a button to open a chart.
-Chart Template – Set the template name to display the table and activate it.
-Display Alerts – Disconnect all alerts.
-Display Screen Alerts – Set as true to display screen alerts.
The indicator is available in the MQL market at a price of $79 USD (reduced from the previous price of $169 USD). You can also rent for 6 months for $59 USD, or try the free demo version.
Conclusion
What we are dealing with here is a very complete indicator of harmonic patterns, perhaps the most comprehensive of those analyzed so far. If you want to acquire a pattern indicator, this may be your best option. User feedback on this tool is very positive and everyone seems to be happy with how this indicator works.
Strategy Quant X is a Forex strategy development platform that offers you the tools to develop your own automated trading strategies. In addition, it provides a variety of research tools that traders may find helpful. If you think algorithmic trading is reserved only for professional traders, this review may very well change your mind. How […]
Strategy Quant X is a Forex strategy development platform that offers you the tools to develop your own automated trading strategies. In addition, it provides a variety of research tools that traders may find helpful. If you think algorithmic trading is reserved only for professional traders, this review may very well change your mind. How […]
Strategy Quant X is a Forex strategy development platform that offers you the tools to develop your own automated trading strategies. In addition, it provides a variety of research tools that traders may find helpful. If you think algorithmic trading is reserved only for professional traders, this review may very well change your mind.
How Does Strategy Quant Work?
This is a relatively new platform that allows end-users to develop, research, and create their own trading algorithms and automated systems. It is not necessary to have previous programming experience, thanks to a straightforward interface. This gives you the freedom to create your own trading systems using your own rules.
The Strategy Quant software allows you to develop your own automated trading strategies, create your personal foreign exchange trading robot. A trading strategy can be created from scratch, or you can also alter an existing Expert Advisor, always using your own trading rules.
Everything is done very efficiently and without the need to have programming knowledge. The platform is very simple. Once the strategy is created, it will be thoroughly tested by the software so you can adjust it to achieve the best possible performance. You will also receive the source code generated, which is yours to make with it whatever you want. The source codes of the automated trading strategy generated are fully compatible with MT4, MT5, Tradestation, and Multicharts.
How Much Does It Cost?
A free 14-day trial is available. During the trial period, you will have access to the complete software, also Skype and email support, and a very comprehensive course to create commercial robots. This will allow you to decide whether Strategy Quant fits your needs without having to make a financial commitment. After the trial period, if you are happy with Strategy Quant, you can decide between several pricing options.
The initial package offers most of the main features of the platform and is priced at $1,290 USD. It is a one-time payment that gives you lifetime access to the software, with support and updates for one year.
The professional package is a complete option and is priced at $1,490 USD. This includes everything in the boot package combined with extra features like an optimizer, advanced testing, and data in additional markets. Obviously, this package gives you lifetime access to the Strategy Quant software with support and updates for one year.
The last available package is called Ultimate, with a one-time payment of $4,900 USD. It includes upgrades and life-long support, also includes lifetime data subscription and several educational video courses.
The cost of any package can be paid over three months, although it comes out a little more expensive, paying this way. At the moment, there is a sale on the top tier package, as shown below.
When Should I Use Strategy Quant X?
Strategy Quant will be more useful if you already have an intermediate knowledge of currency trading. The software is extremely easy to use and is more suitable for traders who already know in which markets they want to trade and which variables they want to control. Strategy Quant is also useful for you if you are interested in Forex scalping, or if you want to start using your own Forex bot. The software provides the source code, and it can be shared with other traders if you wish.
Advantages of Strategy Quant X
It is intuitive and easy to use the platform.
It does not require any programming knowledge.
The free 14-day trial allows you to test the entire platform.
Video training is excellent.
Disadvantages of Strategy Quant X
Prices are relatively expensive, especially for beginners.
Source codes are not compatible with all trading platforms.
Ease of Use
One of the most significant benefits of Strategy Quant is its ease of use. The interface is very intuitive, and you will soon feel comfortable with the program. Strategy Quant removes the encryption, and the platform will take care of it for you. Therefore, Strategy Quant X is perfect if you want to start designing your first trading strategies and be able to do it in an understandable way.
Conclusion
If you’re looking for a reliable automated strategy designer, and one that is also easy to use, there’s probably no better option on the market. For a one-time fee, you can start designing your own business strategy and own it. You will have access to your own source code, which means you can share your strategy with whoever you want.
The Telegram MT4 Bot EA is used to connect Telegram to MT4 and once done, use Telegram in various modes for MT4 control. This utility, which is currently available for purchase in the MQL marketplace, offers a variety of possibilities. Is it worth the price of admission though? Let’s find out… Overview This Telegram MT4 […]
The Telegram MT4 Bot EA is used to connect Telegram to MT4 and once done, use Telegram in various modes for MT4 control. This utility, which is currently available for purchase in the MQL marketplace, offers a variety of possibilities. Is it worth the price of admission though? Let’s find out… Overview This Telegram MT4 […]
The Telegram MT4 Bot EA is used to connect Telegram to MT4 and once done, use Telegram in various modes for MT4 control. This utility, which is currently available for purchase in the MQL marketplace, offers a variety of possibilities. Is it worth the price of admission though? Let’s find out…
Overview
This Telegram MT4 Bot EA can be used in three different ways:
As a Personal Service: For personal use only. View your trading account, create orders, check orders, and more.
As a Server: Send trade performance messages in your MT4 platform to a Chat in Telegram.
As a Client: Copy the trades that you receive from a Telegram Chat by using this EA as a Server in MT4.
Personal Server: This mode will allow you to use this Exper Advisor with a live graphical interface within Telegram. Contact your BOT and then send the “/start” command. You can view your personal account information, receive quotes, view, and check your order list, view, and check on your order status, place orders, and more.
Server: Using this mode, you can select the specific type of order that you want to send to a Telegram Chat. You can opt to send a message to ‘Market Order’ only, ‘Pending Order’ only, or choose ‘All orders’. When you create an order (pending, market, etc) within MT4 (MT4 Mobile, too) the EA will immediately message the Telegram Chat.
Client: Using this mode, the EA is waiting for a message to arrive from a Telegram Chat. Whenever you receive a Chat Message (from an Expert Advisor Server), it completes the command using the Lot size that you specify. Select a Fixed Lot or a Variable Lot using a percentage of the risk of your balance sheet relative to your stop-loss order.
Example of Server and Client Functions
-The server can be set with a specific chat to send all commands.
-The client can be set to receive chat and risk 10% of your capital on all trades.
-Using Server in MT4, it creates an order and sends the message to make a purchase in the chat.
-Using Client in MT4, it takes the message and then executes the Order by modifying the Batch Size as outlined within the configuration.
The Telegram MT4 Bot EA requires you to create a telegram bot for each and every mode that you need to use. This robot can attach an MT4 graph inside personal mode and another graph inside a bot as the server.
Service Cost
This tool is available within the MQL market in the “utilities” section at a price of 100 USD for one year of use. You can also rent it for three months at a price of 50 USD, or one month for 20 USD. A free demo version is also available for evaluation.
Conclusion
As you can see this is a handy tool for copying trading signals. The trader will be able to make available to its customers all its commercial operations so that they can copy it in real-time. These days it is common for many beginner traders to look for trading signals to make their accounts profitable. For this, Telegram has become a good tool.
PZ Ichimoku EA is an automated trading system created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.
PZ Ichimoku EA is an automated trading system created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.
PZ Ichimoku EA is an automated trading system created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.
Overview
The creator of this EA proposes to change the use of the indicator Ichimoku Kinko Hyo for this powerful and flexible robot. PZ Ichimoku EA implements many entry strategies and useful features such as customizable trading sessions and a Martingale mode.
The main features of this EA are:
Easy to use and monitor.
Several entry conditions apply.
Customizable balancing point, SL, TP, and Trailing-Stop settings.
The EA implements many input strategies that can be turned on or off at will:
Outbreaks of the Kumo Cloud.
Tenkan crosses/ Kijun Sen confirmed by Kumo color.
Tenkan / Kijun Sen Crosses into the cloud of Kumo.
Tenkan crosses/ Kijun Sen against Kumo color.
Kijun Sen’s breakups confirmed by the trend.
The Kijun Sen outbreaks are confirmed against the trend.
Additionally, it implements four different money management modes:
Lot size Trading Manual: The EA will negotiate a fixed lot size in each transaction.
Lot size Auto-calculation: The EA will risk % of the account on each transaction.
Martingale: The EA will double the size of the trade after a loss of trade.
Reverse Martingale: The EA will double the size of the trade after a winning negotiation.
Parameters of the input:
-Ichimoku Configuration – This group of parameters contains the indicator parameters.
-Trading Events – This group allows you to enable or disable entry conditions.
-Session Settings – Enable or Disable Trading for Asian, European, or American sessions.
-Position Management – This group of adjustments applies to trading and transaction management decisions. You can select the trading address, the break point in pips, the end in %, the end in pips, the stop-loss in pips, and the take-win in pips.
-Money Management – In this configuration block you can set the lotus size for the first operation, or allow the EA to calculate it for itself. It also implements a Martingale behavior. It is recommended to introduce a manual batch size.
-EA Settings – You can select the magic number for operations, custom comment, and manual pip value if you need to overwrite the default. Don’t change them unless you know what you’re doing.
What can we expect from the PZ Ichimoku EA? This EA is a general-purpose tool whose success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not intend to do so. It is up to you to find the best parameters for each symbol and time frame with the strategy tester.
Service Cost
As of the time of this review, the PZ Ichimoku EA is provided free of cost. Simply visit the MQL5 marketplace to access not only the download but also a host of extras such as an Installation Guide, Update Guide, Troubleshooting Tips, FAQ, and much more.
Conclusion
What we are talking about here is an EA with many possibilities, but which we consider suitable only for experienced traders who know Ichimoku’s theory well. The trader will be the one who has to configure the robot to have optimal performance, and this can only be achieved if you have a good working knowledge of both the system and of the EA’s configuration options.
We have detected that the opinions of the users who have already used this tool have valued it very positively, so we consider that it this be taken into account when making a decision regarding usage.
Today we will examine the Market Profile Singles Indicator (we could also call it a single print indicator or gap indicator), which is available on the mql5.com market in metatrader4 and metatrader5 versions.
Today we will examine the Market Profile Singles Indicator (we could also call it a single print indicator or gap indicator), which is available on the mql5.com market in metatrader4 and metatrader5 versions.
Today we will examine the Market Profile Singles Indicator (we could also call it a single print indicator or gap indicator), which is available on the mql5.com market in metatrader4 and metatrader5 versions.
The developer of this indicator is Tomas Papp, who is located in Slovakia, and currently has 7 products available on the MQL5 market.
It is fair to point out that four of his products are completely FREE and are in a full-working version. These are: Close partially, Close partially MT5, Display Spread meter, Display Spread meter MT5. So it’s definitely worth a try.
Overview of the Market Profile Singles
This indicator is based on market profile theory. It was designed to show “singles areas.” But, what exactly is a singles area?
Theory of the Market Profile Singles
Singles, or single prints, or gaps of the profile are placed inside a profile structure, not at the upper or lower edge. They are represented with single TPOs printed on the Market profile. Singles draw our attention to places where the price moved very fast (impulse movements). They leave low-volume nodes with liquidity gaps and, therefore, the market imbalance. Thus, Singles show us an area of imbalance. Singles are usually created when the market reacts to unexpected news. These reports can generate extreme imbalances and prepare the spawn for the extreme emotional reactions of buyers and sellers.
The market will usually revisit this area to examine as these price levels are attractive for forex traders, as support or resistance zones. Why should these traders be there? Because the market literally flew through the area, and only a small number of traders got a chance to trade there. For this reason, these areas are likely to be filled in the future.
The author also adds: “These inefficient moves tend to get filled, and we can seek trading opportunities once they get filled, or we can also enter before they get filled and use these single prints as targets.”
The author points out: Used as support/resistance zones, but be careful not always. Usually, it works very well on trendy days. See market profile days: trend day (Strategy 1 – BUY – third picture) and trend day with double distribution (Strategy 1 – SELL- third picture).
Practical use of the Market Profile Singles Indicator
So let’s imagine the strategies that the author himself recommends. Of course, it’s up to you whether you use these strategies or whether you trade other strategies for the singles area. Here we will review the following ones:
Strategy 1: The trend is your friend
Strategy 2: Test the nearest level
Strategy3: Close singles and continuing the trend
The author comments that these three strategies are common and repeated in the market, so it is profitable to trade them all.
The recommended time frame is M30, especially when using Strategy 2.
It is good to start the trend day and increase the profit, but be aware that trendy days happen only 15 – 20% of the time. Therefore, the author recommends mainly strategy 2, which is precise 75-80% of the time.
Strategy 1 – BUY :
A bullish trend has begun.
The singles area has been created.
The prize moves sideways and stays above the singles area.
We buy above the singles area and place the stop loss under the singles area.
We place the profit target either according to the nearest market profile POC or resistance or under the nearest singles area. We try to keep this trade as long as possible because there is a high probability that the trend will continue for more days.
Strategy 1 – SELL :
The bear trend has begun.
The singles area has been created.
The prize goes to the side and stays under the singles area.
We sell below the singles area and place the stop loss above the singles area.
We will place the target profit either according to the nearest market profile POC or support or above the nearest singles area. We try to keep this trade as long as possible because there is a high probability that the trend will continue for more days.
Before we start with Strategy 2, let’s explain the Initial Balance(IB) concept. IB is the price range of (usually) of the first two 30-minute bars of the session of the Market Profile. Therefore, Initial Balance may help define the context for the trading day.
The IBH (Initial Balance High) is also seen as an area of resistance, and the IBL (Initial Balance Low) as an area of support until it is broken.
Strategy 2 – one day – BUY:
This strategy will take place on a given day.
There is a singles area near IB. (a singles area was created on a given day)
The price goes sideways or creates a V-shape
We expect to return to the singles area or IB. We buy low and place the stop loss below the daily low (preferably a little lower) and place the target profit below the IBL (preferably a little lower).
Strategy 2 – one day – SELL:
This strategy will take place on a given day.
There is a singles area near IB. (a singles area was created on a given day)
The price goes sideways or creates a reversed font V
We expect to return to the singles area or IB. We sell high and place the stop loss above the daily high (preferably a little higher) and place the target profit above the IBH (preferably a little higher).
Strategy 2- more days- BUY:
This strategy takes more than one day to complete (Singles were created one or more days ago)
After the trend, the price goes sideways and does not create a new low (or only minimal but with big problems)
Nearby is a singles area (Since the price cannot go to one side, there is a high probability that these singles will close).
We buy at a low, placing a stop-loss order a bit lower. We will place the target profile under the singles area.
Strategy 2- more days- SELL:
This strategy takes longer than one day (Singles were created one or more days ago)
After the trend, the price goes to the side and does not create a new high (or only minimal but with big problems)
Nearby is a singles area ( Since the price cannot go to one side, there is a high probability that these singles will close ).
We sell at a high, and we place a stop-loss a bit higher. We will place the target profile above the singles area.
Strategy 3 – BUY:
The current candle closes singles.
Add a pending order above the singles area and place the stop-loss under the singles area or the candle’s low. (whichever is lower)
Another candle must occur above the singles area. (If this does not happen, we will delete the pending order) .
We will place the profit-target either according to the nearest market profile POC or resistance or under the nearest singles area.
Strategy 3 – SELL:
The current candle closes singles.
Add a pending order under the singles area and place the stop-loss above the singles area or candle’s high (whichever is higher).
Another candle must occur under the singles area. (If this does not happen, we will delete the pending order) .
We will place the profit-target either according to the nearest market profile POC or support or above the nearest singles area.
Discussion
These strategies look really interesting. As the author himself says:
It’s not just a strategy. There is more to it in profitable trading. For me personally, they are most important when trading: Probability of profit, patience, quality signals with a good risk reward ratio (minimum 3: 1) and my head. I think this is the most important.
In this, we must agree with the author.
Service Cost
The current cost of this indicator is $50. You are also able to rent the indicator. For a one-month rental, it is $30 per month. There is also a demo version available it is always worth testing out the demos before purchasing. Though.
After purchasing the indicator, the author sends two more indicators to his customers as a gift: Market Profile Indicator and Support and Resistance Indicator.
Conclusion: There are only 2 reviews for the indicator so far, but they have 5 stars and are very positive.
For us, this indicator is interesting, and it is a big plus that the author shares his strategies. The price is also acceptable since the indicator costs 50 USD = 5 copies (10-USD / 1 piece), and since the author sends another 2 indicators as a gift, this price is really worthwhile.
The author added:
By studying the market profile and monitoring the market, I came up with an indicator and strategies we would like to present to you. Here you can try it for free :
On Balance Volume Surrogate is an indicator created in March 2015 by developer Stanislav Korotky. This indicator is an edition of the ‘On-Balance Volume’ indicator that is based upon pseudo-real emulated volumes of tick volumes. It calculates an estimate close to the actual distribution of the trading volumes of Forex instruments (where only tick volumes […]
On Balance Volume Surrogate is an indicator created in March 2015 by developer Stanislav Korotky. This indicator is an edition of the ‘On-Balance Volume’ indicator that is based upon pseudo-real emulated volumes of tick volumes. It calculates an estimate close to the actual distribution of the trading volumes of Forex instruments (where only tick volumes […]
On Balance Volume Surrogate is an indicator created in March 2015 by developer Stanislav Korotky. This indicator is an edition of the ‘On-Balance Volume’ indicator that is based upon pseudo-real emulated volumes of tick volumes. It calculates an estimate close to the actual distribution of the trading volumes of Forex instruments (where only tick volumes are available) and then applies the conventional OBV formula to them.
Overview
The volumes are calculated by the same algorithm that is used in the True surrogate volume indicator. The indicator itself is not necessary but can be used as a reference. The main parameters of On Balance Volume Surrogate are as follows:
Ma fast – mean rapid movement period (EMA), default – 3; if set to 0, the mean is not calculated
Ma slow – mean slow movement period (EMA), default – 7; if set to 0, the mean is not calculated
Alert on Macross – alert switch for a crossover of moving stockings, by default – false (alert is disabled); alert is signaled only once per bar; alert message format: “Obvsurrogate [Symbol] [Timeframe] UP/DOWN cross @ [Time]”
Completed bars – an option that controls how the crossover of moving stockings is marked: in the last bar or in the previous bar (Completed bars is true); by default – true, so alerts can be generated at the opening of the bar only; note, that a signal on the downhill turn is not necessarily followed by a signal on the upturn (or vice versa) – in some cases when the moving averages fluctuate near the other, you can get several successive signals (in different bars) in the same direction you should consider this as a signal confirmation.
Visualization
The indicator shows 3 lines:
Green thickness – cumulative volumes according to the OBV formula
Thin red – fast-moving medium
Thin yellow – slow-moving medium
Trading with On Balance Volume Surrogate
The indicator should be used for trade in the same way as conventional OBV is used:
-By means of passing signals of moving averages;
-Divergence/convergence between OBV and price; if their directions contradict – a reversal is expected (the current trend is about to change);
-The constant movement of OBV and price; confirms the current trend.
Service Cost
The On Balance Volume Surrogate indicator is for sale on the MQL market at a price of 12.50 USD, a very affordable price if we really find the indicator useful. Even with the low purchase price, a free demo is available for testing purposes.
Conclusion
In summary, we are talking about an indicator based on the volume but with the addition of 2 moving average that will also give signals of purchase or sale, in short, a trend indicator that is helped by the values of the volume for the input decisions.
Apparently, from the comments of some users, it is in M15 the time frame that gives the best results to this indicator. It is a simple indicator to use and understand, making it suitable for beginner traders.
The few valuations we have found are positive, so it seems that this indicator can be of help for our trading. Anyway, the best way to find out is to download the demo version to test the indicator and see if it fits our trading style.
The Moving Average Cloud indicator was created to facilitate capturing opportunities and trading the trend. Let’s say this is one of the many trend indicators that exist. What makes this one different? Is it effective? Read on to find out. Overview The strategy for this indicator is explained in the following steps: Draws an average […]
The Moving Average Cloud indicator was created to facilitate capturing opportunities and trading the trend. Let’s say this is one of the many trend indicators that exist. What makes this one different? Is it effective? Read on to find out. Overview The strategy for this indicator is explained in the following steps: Draws an average […]
The Moving Average Cloud indicator was created to facilitate capturing opportunities and trading the trend. Let’s say this is one of the many trend indicators that exist. What makes this one different? Is it effective? Read on to find out.
Overview
The strategy for this indicator is explained in the following steps:
Draws an average slow-moving envelope.
The Moving Average Cloud (MAC) top band is the highest value between the height of both envelopes.
The lower MAC band is the lowest value between the bass of both envelopes.
The Moving Average Cloud histogram cloud fills the distance between the two bands to show the trend shift.
Blue Cloud shows us an uptrend, while Red Cloud shows us a downtrend.
Use Moving Average Cloud as a filter to help you identify the trend direction.
Trade with your usual trading tools at the MAC Clouds address just to remove false signals as many as possible.
Use the suggested entry arrows to help you find strong trend points to start a trade.
Features of the MAC:
MAC doesn’t repaint or recalculate your results.
It works in cryptocurrencies, stocks, indices, oil, gold, and in all time frames.
It has sound alerts, electronic mail, and mobile notification.
To buy or sell, draw arrows to help you identify trend signs.
The parameters are well designed to help the user navigate easily between them.
Buffer to create your own expert advisors.
Four different color lists to choose from.
Parameters of the MAC:
1 – PARAMETERS OF INDICATORS
Fast-moving average. The default is 10.
Average slow motion. The default is 100.
Average mobile method. Default is the “simple” method.
2 – ALERTS
The indicator will show you arrows and vertical lines. Default is to show only arrows.
Arrow size. Default is one.
Alert message. You can choose to use or stop alert sound and message.
Send email. Option to send a notification to the user (default is false).
Send mobile notification. Option to send a notification to the user (default is false).
3 – STYLE OF INDICATOR
List of graphics colors: the user can choose from four different color lists for his chart or he can choose (do nothing) if he wants to use his own list.
Bullish cloud color. The default is blue.
Bearish cloud color. The default value is red.
Color the top edge of the cloud. Default is midnight blue
Color of the lower edge of the cloud. The default is Brown.
Cloud border line width. The default is one.
Service Cost
You can purchase this indicator in the MQL market, its price is 60 USD, you can also rent it for 10 USD per month, and try its free demo version before purchasing it.
Conclusion
In short, we are talking about a pure trend indicator. It is simple and easy to handle, so it is suitable for all types of traders to make use of it. The indicator was created in March 2016 and does not have many comments, since there are countless indicators similar to this one, but all are positive. We can recommend this indicator to beginner traders as the main trend indicator that can help you in your daily trading to identify possible market entries.
Note: there are many free trend indicators similar to this, only changes the appearance and some minor features.
Multi Currency True Strength is an indicator that was created in September 2017 by developer Desmond Wright. This indicator (MCTS) will show you the best trend currencies to operate in any time frame. Selection is not essential if you’re a merchant trading in day/week/month, or even a quick scalper, as this tool works in any time frame.
Multi Currency True Strength is an indicator that was created in September 2017 by developer Desmond Wright. This indicator (MCTS) will show you the best trend currencies to operate in any time frame. Selection is not essential if you’re a merchant trading in day/week/month, or even a quick scalper, as this tool works in any time frame.
Multi Currency True Strength is an indicator that was created in September 2017 by developer Desmond Wright. This indicator (MCTS) will show you the best trend currencies to operate in any time frame. Selection is not essential if you’re a merchant trading in day/week/month, or even a quick scalper, as this tool works in any time frame.
Overview
Using a unique algorithm, this indicator measures the strengths of currencies individually and then combines them in pairs to display the best pairs to trade. You can monitor the 8 major currencies and 28 pairs. In particular, it monitors the strengths of the following currencies: EUR, USD, GBP, JPY, AUD, NZD, CHF, CAD. This indicator measures the true strength of a currency over any period of time and will help you know which currency has the trend up or down.
This indicator shows multiple individual strengths of the currency measured against all other currencies from a starting point that is the time frame. It measures the price movements of the currency pair of the applied table by comparing the base and the counter currency that occur in all other currencies of the base/counter and shows the force movements.
The main features of Multi Currency True Strength are:
Automatic ranking of the best trend currency pairs with the spread.
Easily change the currency pairs displayed by clicking on the indicator.
The sidebar of the meter shows the values of each of the 8 major ones.
Automatic classification of the best currency pairs of a downward trend with the spread.
Inputs of the Indicator:
dif – This is the difference in strength to put an arrow in the chart.
Timeframe – drop-down: choose any timeframe.
Width – the thickness of the line.
Font size – drop-down: choose the font size from the drop-down menu.
Type – drop-down: choose between the drop-down menu line or the histogram.
If you choose the histogram select “current only” to true.
Alerts – dropdown: This will put the warning device and put the arrows on the chart.
Suffix – enter the currency pair suffix if your broker uses one.
Current only dropdown: choose true or false to display all or only the current currency.
Service Cost
This indicator is for sale in the MQL marketplace at a price of 30 USD. You can also rent it for the price of 12 USD per month or even better, try its free demo version to know how it works before buying or renting it.
Conclusion
In conclusion, we are talking about one of the many trend indicators that exist in the market. The main advantage of MCTS is that works by giving signals in all time frames. In any case, it is a very simple and easy to understand indicator, which is suitable for all types of traders. This type of indicator must be combined with others that work differently in order to have a diversification of alternatives and signals that help us improve our trading.
Multistrategy Fury EA is a robot created in February 2020 by EA developer Mikhail Kornilov. Multistrategy Fury is a fully automated trading robot consisting of several strategies that are optimized for trading in EURUSD. The EA does not use any dangerous strategy and does not need optimization. Overview The list of strategies included: Strategy to […]
Multistrategy Fury EA is a robot created in February 2020 by EA developer Mikhail Kornilov. Multistrategy Fury is a fully automated trading robot consisting of several strategies that are optimized for trading in EURUSD. The EA does not use any dangerous strategy and does not need optimization. Overview The list of strategies included: Strategy to […]
Multistrategy Fury EA is a robot created in February 2020 by EA developer Mikhail Kornilov. Multistrategy Fury is a fully automated trading robot consisting of several strategies that are optimized for trading in EURUSD. The EA does not use any dangerous strategy and does not need optimization.
Overview
The list of strategies included:
Strategy to Combat Trends: The trades of this strategy are open in the opposite direction of the trend in the formation of the signal at the end of the trend. It uses dynamic take profits and at some point averages by 2-3 orders without increasing lot trading.
Night Strategy: Operations are open within the channel in the Asian session. There are no time restrictions for closing operations. You need to configure your broker’s GMT offset for this strategy properly.
Intraday Scalping Strategy: The classic strategy of scalping in rollbacks in the direction of the trend. It has a small gain take and a large fixed stop loss.
Breakdown of the Consolidation Channel: Operations are opened after the break of the previously formed consolidation channel. The fixed stop loss and the final stop are used for this strategy.
Advantages of this EA:
He doesn’t use danger strategies like Martingale.
You can start with a small deposit.
No need for optimization.
High stability thanks to the perfect diversification by several independent strategies.
Trade Requirements:
Minimum deposit: 50 USD.
Account type: any (ECN recommended)
Negotiating pair: EUR/USD
Time Frame: M5
Parameters of the input:
Trend reverse – to use the strategy against the trend.
Tr magic – the magic number of counter-trend strategy orders.
Tr order comment – the commentary of counter-trend strategy orders.
Nightflat – to use the strategy of the night.
Nfumagic – the magic number of night strategy orders.
Nf order comment – the comment of night strategy orders.
Intradayscalper – to use the strategy of plucking the intraday scalp.
Is magic – the magic number of commands that the robot uses in intraday scalping.
Order comment – add a comment on your orders of intraday scalping strategy.
Consolidationbreak – strategy of breaking down the consolidation channel.
Cb magic – commands that the strategy uses in breaking a consolidation channel.
Cb order comment – strategy of rupture of the channel of consolidation.
Risk – the dynamic batch size depends on the tank.
Fix lots – to use fixed batch.
Max spread – maximum diffusion in the opening of purchasing positions.
Start hour – time to start trading for night strategy.
End hour – end of trading time for night strategy.
GMT – Broker GMT Compensation.
Service Cost
The EA is available on the MQL market at a price of 200 USD (Currently there is a promotion for the next 10 buyers with a 75% discount). It can also be rented for 50 USD per month and tested for free in its demo version.
Conclusion
In conclusion, it seems that we are dealing with a robot well thought out by its developer. Although it has been in the market for a short time, there are already positive assessments from users who have already tested this EA. What we like most is that the creator of the EA provides an audited real account where you see performance and profitability. In just 16 days it has already achieved a 7.33% positive return.
PZ Fractal Trader EA is an automated system that was created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and market speculator, software engineer, and founder of Point Zero Trading Solutions. Overview This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position […]
PZ Fractal Trader EA is an automated system that was created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and market speculator, software engineer, and founder of Point Zero Trading Solutions. Overview This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position […]
PZ Fractal Trader EA is an automated system that was created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and market speculator, software engineer, and founder of Point Zero Trading Solutions.
Overview
This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position management settings, plus many useful features such as customizable trading sessions and a Martingale mode.
Main features of this EA:
Easy to use and monitor
Implements 4 different commercial behaviors
Balance point, SL, TP, and Trailing Stop customizable
The EA implements four different commercial behaviors:
Regular: The EA will buy in the upper fractal and sell in the lower fractal.
Inverse: The EA will be sold in the upper fractal and buy in the lower fractal.
Single purchase: The EA will buy in both fractals.
Single sale: The EA will be sold in both fractals.
Additionally, the EA implements four modes of money management:
Lot size Trade Manual: The EA will negotiate a fixed lot size in each transaction
Lot size Auto-calculation: The EA will risk % of the account on each transaction
Martingale: The EA will double the size of the lottery after a loss of trade
Reverse Martingale: The EA will double the size of the lottery after a winning negotiation.
Input Parameters
Trading Settings – Select trading behavior: regular, reverse, just buy, or just sell.
Position Management – This group of adjustments applies to trading and transaction management decisions. You can select the trading address, the breakpoint in pips, the endpoint in %, the end step in pips, the loss point in pip, and the gain point in pips. Closing pending orders when an operation is performed is optional.
Session Settings – Enable or disable trading for Asian, European, or American sessions.
Money Management – In this configuration block, you can set the lotus size for the first operation, or allow the EA to calculate it for itself. It also implements a Martingale behavior. It is recommended to introduce a manual batch size.
EA Settings – You can select the magic number for operations, custom comment, and manual pip value if you need to override the default. Don’t change them unless you know what you’re doing.
This EA is a general-purpose tool whose success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not intend to do so. It is up to you to find the best parameters for each symbol and time frame with the strategy tester.
Service Cost
This is a free automated system, this means it is free and does not have user support like other payment instruments. That it is a free tool does not mean that it is bad, in the case of this EA has good ratings from users who have already tried it and have reported having positive returns after having done several tests with it and configuring it properly.
Conclusion
In short, we are talking about an EA that is designed for each trader to configure it according to their trading style. It is necessary to have some knowledge of trading to be able to get a performance from this robot, so we do not see it as very suitable for beginner traders.
If you are a person who is continuously looking for lucrative means to earn extra income, then it is almost impossible for you not to know about Forex Trading. In other words, trading in currencies involves the process of trading in currencies in the Forex market to make good profits. The foreign exchange market has […]
If you are a person who is continuously looking for lucrative means to earn extra income, then it is almost impossible for you not to know about Forex Trading. In other words, trading in currencies involves the process of trading in currencies in the Forex market to make good profits. The foreign exchange market has […]
If you are a person who is continuously looking for lucrative means to earn extra income, then it is almost impossible for you not to know about Forex Trading. In other words, trading in currencies involves the process of trading in currencies in the Forex market to make good profits. The foreign exchange market has grown exponentially in recent years, with reports revealing business activities worth $5 trillion a day.
Overview
In Forex, investors who have been in the trading field the most extended reach the experience to invest in profitable options, but beginners who make their first move often make wrong decisions, and this results in losses for them. To resolve this indecision, the market is flooded with trading signal services. A Forex signal is a suggestive statement to allow trading in a currency pair generated by an experienced human or an automated Forex system. Signals are provided at a certain price of the particular currency and to a particular time so that traders can realize the highest possible benefit. These signals do not require any prior knowledge or specific business information and therefore work exceptionally well for both beginners and experienced traders.
Forex signals can be classified into two main domains listed below:
Automated Forex trading signals are generated by a computer program or robot that tracks and analyzes market trends using coded algorithms. They offer accurate and reliable statistics to traders. Automated systems are very capable of analyzing a huge amount of data at the moment, which helps traders manage a series of currency pairs simultaneously without losing any key data.
Hand signals are made by people with expert knowledge of the field or are professionally trained to deliver such predictions. A trained expert analyzes unpredictable market movements efficiently and helps the customer make profitable transactions.
Free and Paid Forex Signals
This category segregates free Forex signals and payment signals. Some platforms offer signal services free of charge for a limited or unlimited period. Other platforms charge a fee for their services to their customers.
About the Learn2trade Business Platform
Learn2trade is a world-renowned currency signal trading platform based in London. In a market that is flourishing with several signals providing solutions, Learn2trade has established itself as one of the best signal providers with a large customer base. One of the best features that put Learn2trade at a higher level compared to its other competitors is its ability to provide signals for cryptocurrency, along with traditional foreign exchange transactions. The user-friendly interface makes Learn2trade the first choice for traders who want to make lucrative profits from signals.
The truth is that experience is something essential in the exchange rate industry, as increased knowledge helps to improve predictions about future market trends. The dedicated team of Learn2trade experts has survived successfully in the industry for more than twelve years and has registered a surprising 92% success in giving accurate signals to traders. Apart from this, the official website of the Learn2trade platform also offers an informative foreign exchange news section, analysis of technical and fundamental parameters, crypto revisions, press releases, etc. It also provides a 5-day trading course, which helps clients to gain knowledge about share trading in a simplified way.
The signal service offered by the Learn2trade platform makes users enjoy unprecedented features such as scalping forex signals, real-time signal delivery via Telegram, reliable stop-loss function, 24/7 customer service, etc. The platform helps to eliminate risks by guaranteeing a 100% return guarantee within 30 days.
Service Cost
For user convenience, the signal supply solution offers three different packages. These include:
1-month package for $25 offering three signs per day
Package of 3 months for $55 offering three signs per day
Package of 6 months for $85
Conclusion
The foreign exchange trading industry is certainly not an easy nut to break, but with signal platforms, managing operations becomes quite easy. Learn2trade aims to improve the user experience in the currency field as well as trading encryption through its various services. Certainly, one of the most reliable signal services.
The MC Brain Synchro Multicurrency EA uses an advanced hedge system with correlated currency pairs. When hedging, the EA uses full synchronization with the selected correlation pair. In this review, we’ll provide additional information regarding how the tool works, how successful it is, and what it costs. Overview MC Brain Synchro uses 8 different currency […]
The MC Brain Synchro Multicurrency EA uses an advanced hedge system with correlated currency pairs. When hedging, the EA uses full synchronization with the selected correlation pair. In this review, we’ll provide additional information regarding how the tool works, how successful it is, and what it costs. Overview MC Brain Synchro uses 8 different currency […]
The MC Brain Synchro Multicurrency EA uses an advanced hedge system with correlated currency pairs. When hedging, the EA uses full synchronization with the selected correlation pair. In this review, we’ll provide additional information regarding how the tool works, how successful it is, and what it costs.
Overview
MC Brain Synchro uses 8 different currency pairs for your system, with 2 ligaments that correlate directly, and 2 that correlate inversely. Maximum diversification is thus possible. Even the volatility coefficients of each currency pair are taken into account by this system. In other words, the upward and downward trends, by force and movement, for each currency pair are different. For that reason, it is a mistake to use the same parameters to buy and sell orders of the corresponding currency. In the robot Mc brain synchro EA, all these issues are taken into account.
It is unusual for this system, which has a hedging strategy, to open two positions of the same currency pair in the same instant. Covered entries will be opened only if the previously open position enters adverse terrain. However, if we have open coverage in effect, then the second trade of the Ligament will be opened according to the same type of order that was opened, that is, full synchronization. If the first trade is BUY, then the second trade coverage will be BUY too.
So, if an open trade goes into losses, the robot begins to work on finding the opening of a hedge trade. In addition to the operation described above, we shall also take into account that:
– If the Ligament consists of directly correlated currency pairs and the pairs are moving synchronously, the hedging operation will only open when the hedging currency moves in the exact same direction as the open position.
– If the Ligament consists of inversely correlated currency pairs and the pairs are moving asynchronously, the hedging operation will also open only when the hedging currency moves in the exact same direction as the open position.
On the other hand, it should be taken into account that when we are using the brain synchronization robot in the same account where the multi-currency brain is already installed, efficiency, productivity, and diversification increase. This is because Mc brain synchro opens the trades within the ligament synchronously (in one direction), and this is subject to the hedging coins moving in one direction. Moreover, the multi-currency brain will be directed, independently of the course of the currency.
If we use the default setting, the robot will trade 8 pairs: USDJPY, EURAUD, EURJPY, AUDUSD, EURNZD, NZDJPY, NZDUSD, and GBPJPY (the minimum deposit required with the default setting is USD 500).
The robot works optimally in 1 hour (H1) time frames.
Additional currency pairs are:
-Set N2 for Mc brain synchro. For trading 8 extra pairs: GBPUSD, CHFJPY, EURCHF, GBPCAD, USDCHF, AUDCHF, GBPAUD, AUDCAD.
-Set N3 for Mc brain synchro. For trading additional 8 pairs: EURUSD, AUDJPY, CADJPY, NZDCHF, USDCAD, EURCAD, CADCHF, GBPCHF.
VERY IMPORTANT: These additional sets (Set-N2 and Set-N3) are awarded as a bonus only to users of the unlimited version (EA purchased) and only users who have already tested and tested the EA with the Set N1 in real trade and are completely satisfied with the results and the style of trade.
Service Cost
Mc Brain Synchro is available on the MLQ market, and its price is currently USD 5,000, a price that is not available to many. The EA has a free trial version and the opinions we have found from users are, in general, positive. However, it is not a robot advisable for novice traders due to its moderate complexity.
Conclusion
We are talking about a protective measure and quite necessary for its protection and the protection of your deposit. It is required to carefully verify and test the EA with the default setting (Set-N1) in the conditions of your broker, account type, and currency.
The developer will not provide if you have not tested the EA well enough and/or are not happy with the results of the profitability achieved. To receive the N2 and N3 sets, just send a request in a private message to the developer.
The parabolic indicator SAR (parabolic stop and reverse) was created by J. Welles Wilder, and is used to find possible reversals in market trends. Points to the table show the levels of support and price resistance. This indicator is included in both MT4 and MT5, and default settings are Step 0.02, Maximum 0.2. How to […]
The parabolic indicator SAR (parabolic stop and reverse) was created by J. Welles Wilder, and is used to find possible reversals in market trends. Points to the table show the levels of support and price resistance. This indicator is included in both MT4 and MT5, and default settings are Step 0.02, Maximum 0.2. How to […]
The parabolic indicator SAR (parabolic stop and reverse) was created by J. Welles Wilder, and is used to find possible reversals in market trends. Points to the table show the levels of support and price resistance. This indicator is included in both MT4 and MT5, and default settings are Step 0.02, Maximum 0.2.
How to Use Parabolic SAR
So far, we have done several reviews where we have seen indicators that focus mainly on capturing the beginning of new trends. While it is very important to be able to identify new trends well, it is equally essential to be able to identify where a trend ends. After all, what good is a well-synchronized input without a well-synchronized output?
A parabolic SAR places points on a graph that indicates possible reversals in the movement of prices. These points change from being under the candles during the uptrend to being above the candles when the trend is reversed in a downward trend. This may sound complicated, but the great thing about SAR parabolic EA is that it’s straightforward to use. It’s really very simple.
Basically, when the dots are under the candles, it’s a BUY sign. We’ll have a sales signal when the points are above the candles. We are probably facing the most accessible indicator to interpret because it assumes that the price is going up or down. After saying this, this system is best used in trend markets. You should not use this EA in a hectic market where the price movement is sideways.
Using Parabolic SAR EA to Exit Operations
You can also use Parabolic SAR to help you determine whether or not to close your trade. We have performed a test of this, and we have seen how it worked as an output signal in the pair EUR/USD. When EUR/USD started to fall, it looked like it was going to keep dropping like a rock. Any trader would probably wonder how low it would still go. When at a certain point, three points were formed at the bottom of the price, suggesting that the downward trend was over and that it was time to exit those shorts. If you decided stubbornly to cling to that trade thinking that EUR/USD would resume its fall, you would probably have erased all those gains as the pair finally ended up going up.
Conclusion
We are looking at a very interesting tool that can certainly boost profits. Of course, configuring it correctly is important, but this is simple to do. It is ideal to complement a variety of effective expert advisors. In fact, there are plenty of Parabolic SAR based EAs located within the MQL5 marketplace being offered both for free and at a cost at this time.
Today we will review the PipFinite Trend PRO Forex indicator, which was released on January 15, 2018. This tool was created to help traders identify market trends. In the design of the software, much interest has been given to trying to eliminate noise from the marketplace, while indicating precise signals of inputs and outputs. Improved […]
Today we will review the PipFinite Trend PRO Forex indicator, which was released on January 15, 2018. This tool was created to help traders identify market trends. In the design of the software, much interest has been given to trying to eliminate noise from the marketplace, while indicating precise signals of inputs and outputs. Improved […]
Today we will review the PipFinite Trend PRO Forex indicator, which was released on January 15, 2018. This tool was created to help traders identify market trends. In the design of the software, much interest has been given to trying to eliminate noise from the marketplace, while indicating precise signals of inputs and outputs. Improved rules, including statistical calculations, have also been included.
Overview
The developer of this software is Karlo Wilson Vendiola, who is located in the Philippines, and currently has 20 products available on the MQL5 market. The developer himself offers the support service through email or through his Facebook page.
Obviously, the distinctive strategy of Pipfinite Trend PRO is not revealed to the public. The developer has commented on some examples but doesn’t really provide much detail. Regardless of the commercial strategy, the use of the indicator is said to be very simple. In just three steps, traders can already receive signals, establish stop loss and profit-taking. After that, you can only wait for the system to do its job. The system will send you signals with an estimated success rate if the percentage is more than 65% the entry is recommended, while if it is less than that percentage, the trade will not be performed.
The developer wants the user to know that the software comes with a trend detection system based on images and statistics calculation. Signals are provided through pop-ups, email, and sound alerts within MT4.
Certainly, the price of 98 USD is an affordable price, considering how the market is in this type of Indicators. The software is ready to work correctly with all pairs and all time frames. But it is undoubtedly appreciated that developers focus on a system that works well on a few currency pairs and on a specific time frame. This will prevent the user from having to do a lot of tests to determine in which currencies and in which time frames a system works best.
As this is a Forex indicator, the software does not have any real business results. On the developer’s website, there is a video and a few examples of commercial results that cannot be checked because they are not verified.
The truth is that the market for Forex indicators rarely offers verifiable business results. It would really be a lot easier for the user if the creators of Indicators connected their accounts to Myfxbook to verify their findings in a reliable way. Because if the system really is a winner and can be demonstrated reliably, everything will also go much better for the developer and increase their sales.
Service Cost
As mentioned above, the PipFinite Trend PRO indicator can be purchased for $98 USD. There are additional options, however, such as the ability to rent the indicator for a period of one month for the price of $58 USD. A free demo is also on offer.
Conclusion
The reality is that, overall, customer feedback is very positive, and there are almost 1,000 comments. In most cases, users highlight the excellent functioning of the indicator in trends, where it appears to work well and produce good economic results.
We would like to know more about the strategy, but, logically, the developer does not want to give too much detail in this regard. It would be very positive if there were a really verified account on the developer’s website so that we can rely 100% on this product. For the rest, it seems that we are dealing with an indicator that has great potential and which we should include in our list in order to take it into account.
