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Forex Service Review

Kiss on Billions Forex EA Review

The Kiss on Billions Forex robot is the result of years of active trading and in-depth research on thousands of Forex strategies and various forecasting tools. This was done with the sole goal of creating the science of online trading engineering. This EA combines several strategies and algorithms. Changing the price of each tick, and the maximum precision and speed, the robot works in fractions of a second.

Overview

An essential advantage of the Kiss on Billions EA is that you can start trading with a minimum initial broker deposit of only 300 USD. With this amount, the robot can support your transactions in EUR/USD.

This robot manages your account trading based on the following four processes:

  1. Activities before carrying out a transaction.

These measures concern monetary management and the establishment of new deposits where there are no open positions. Then, you have to forecast and find the trend, as well as check the transaction on any price change (tick), and already finally, you can determine the number and volume of orders.

  1. Opening activities of an operation.

Activities related to the management of the opening of a trade.

  1. Post-transaction activities work to protect transactions while working to achieve the highest possible returns.

These activities are found in two parts of trade investment. They combine various strategies and unique mathematical formulas to follow the current price and calculate the best closing time.

  1. Activities that are related to market exit or the termination of operations.

The measures relate to exit methods. In the first case, the total benefit of the transaction is achieved at the optimum point, in the second, the elimination of operations that are disadvantaged, motivated by a misalignment in the forecast or news that changes the atmosphere of the market. When its balance reaches a certain point, the robot removes these positions into small parts (partial closures) of the charming place.

Kiss on Billions Parameters
  • Symbol: EUR/USD (Each symbol creates its own patterns of movement)
  • Leverage of account: 1:100
  • Account (Stop Out): 50% or less.
  • Account type: Real account
  • Account Mode: Hedge Account
  • Symbol Information: according to the details of the Metaquotes-Demo account (This is very important. Only the maximum order volume and the number of orders or order limits, may be different.)
  • Get benefits: Automatic
  • Stop Loss: Automatic 
  • Batch Size: Automatically available
  • Final Stop: Automatic
  • Time frame: All time frames
  • Profit: More than 17.5 billion USD with an initial deposit of 300 USD: These results are based on a strategy tester and historical data.
  • Fully automated trade EA/ROBOT.
  • Manual Trade: Enable Manual Trade

Monitor the following continuously and on a daily basis:

  1. Confirm that you are using the EA with the EURUSD pair.
  2. Read through any updates and analyze any provided screenshots and comments.
  3. Do not close any open positions manually.
  4. Enter the number 1 in the parameter “Dtnoo.” to use the maximum robot power.
  5. Before lowering or increasing your deposit, turn off the automatic trading mode (Ctrl+E), and turn off the MT5 software.
  6. Read the latest instructions for using the robot. Download the complete data and update all timeframes.

After decreasing or increasing your deposit, turn on the MT5 software, and activate the automatic trading mode (Ctrl+E). The robot will return to its normal state.

Testing the Kiss the Billions robot:

  • To test the EA, make sure you can use the Metaquotes Demo account data.
  • Because the price data of the real account are diverse in different brokers.
  • Note that the configuration of the corresponding screen image must be entered according to the instructions.

Service Cost

The current price of this robot is $1,456 USD. Still, the comments of its users are mostly very positive, referring to the excellent direct communication with the creator, as well as allusions to the benefits that the users get with this system. It also seems that direct assistance from the creator is available, which is excellent. 

Conclusion

We know that the price is somewhat high, but we can advise its use given the positive experiences of the users and the recurring favorable cost-effectiveness obtained through its use. As mentioned above, the creator is readily available to assist users with setup and to answer any questions that traders might have. 

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Forex Service Review

Laguerre SuperTrend Clouds Indicator Review

Laguerre Supertrend Clouds is an indicator created in October 2017 by developer Jay Jantz. The Laguerre Supertrend Clouds indicator functions by adding an algorithm of Adaptive Laguerre averages and alerts to the Supertrend indicator. As its name suggests, Laguerre Supertrend Clouds (LSC) is a trend indicator that works best in trend markets.

Overview

The Supertrend is a very popular indicator for intraday and daily trading, having the ability to be used in any time frame. Incorporating the Laguerre equation into this tool creates more accurate trend detection and softer filters. The Laguerre Supertrend Clouds indicator uses the improved version of the Adaptive Laguerre equation (which applies Laguerre polynomials of any order), to create Supertrend trusted clouds that adjust over time, giving more information on the strengths of the growing and decreasing price trends.

An alert is sent whenever the asset price closes above the attack line, and a trade is placed whenever the asset price closes below the attack line. These crosses stand out for not painting arrows. Alerts, including email, direct messages, and sound alerts can be turned on or off to alert the user to these events. Note that the recipient’s email and SMTP information must be specified in the Metatrader 4 options before using email alerts.

The most important parameters are:

-Supertrend Number Bars used for calculation (Default=10) – the number of bars used to calculate Supertrend.

-Supertrend Multiplier (Default=4.0) – multiplication factor to calculate the real mean range in Supertrend. A higher value equals fewer signals, a lower value equals more signals but a higher probability of false positive.

-Length of Laguerre clouds (Default=10) – The number of bars used to calculate Laguerre clouds.

-Laguerre cloud order (Default=4) – Laguerre polynomial order [advanced option].

-Adaptive Factor Smoothing Period (Default=5) – A period to smooth the Gamma Laguerre adaptive factor [advanced option].

-Adaptive Factor Smoothing Method (Default=Median) – Averaging method used to smooth the gamma adaptive factor [advanced option].

-Alert when the price crosses the attack border LSC – True equals alerts are allowed, false equals all alerts are paused.

-Accept warning alerts, disable future alerts – When true, message warning alerts will be disabled.

Service Cost

This indicator is available on the MQL market at a price of 30 USD. It can also be rented for a low, low price of 14 USD per year. A free trial version is also available.

Conclusion

In conclusion, we are talking about a well-known indicator (Supertrend) that is now improved in this new version. The version appears to have been well improved given the positive ratings of users who have already tested this indicator.

 

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Forex Service Review

Lolipop Forex Expert Advisor Review

Lolipop EA, created in December 2019 by developer Denys Semenov, is a new neuronet based EA. It is a multi-currency EA and can trade simultaneously in the 3 recommended currency pairs, USDCHF, EURUSD, and USDJPY.

Overview

Lolipop EA can be traded in any time frame. All currency pairs can be traded, but preferably AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY, and USDCAD.
The EA also adds indicator filters that can be used as additional filters in the EA.
According to some users of this automated system, this EA is characterized by making small gains and significant losses.

Features of Lolipop EA:

Trading Pair – Trading pairs that can be traded. In this section, the user will write the pair that he wants to use.

Fixed batch size – Batch size. If you choose 0.0, it will be traded in the parameter below (Lot as Percent).

Lot as Percentage – Lot size in percentages of the tank you use.

Take Benefit – Take Size Benefit.

Stop Loss – Stop Loss Size.

Final stop – Final step size when 0 – will disable the completion option.

Filter – Slow/fast crossing EMA, MACD, Osma, and envelopes.

Seed up – Error tolerance when opening a purchase order on a signal. In summary, the lower the value, the more selective EA will be in signals and trade with more precision, but more slowly. In percentages.

Seed down – Error tolerance when opening a purchase order on a signal. In summary, the lower the value, the more selective EA will be in signals and trade with more precision, but more slowly. In percentages.

Multy up – The parameter that comes before the result/number that is given to the signal. For further optimization.

Multy down – The parameter that comes before the result/number that is given to the signal. For further optimization.

Monday trading time – Negotiation time for Monday.

Friday trading time – Friday time.

Max spread – Maximum extension on which EA will work.

Order magic number – Magic Number. Always change the magic number if you want to use several Eas in different pairs.

Service Cost

The EA can be purchased on the MQL market for 79 USD. The creator has provided a free demo version which allows the expert advisor to be tested beforehand.

Conclusion

In conclusion, we are talking about an automated system that still has very little time on the market and that probably needs to mature. Today the users of this robot emit negative comments because the robot is giving negative returns. This can be seen in the accounts that the developer has and that can be consulted to see the results of the robot, and indeed the EA has negative profitability to date.

This developer has other EAs on the MQL5 market with very good ratings. For example, the EA called Lolipop MT5, so we think it is reasonable to expect new updates of this EA to see if they improve the results as it is still too early to make a review.

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Forex Service Review

Mean Reversion Supply Demand MT4 Indicator Review

The Mean Reversion Supply Demand indicator was created in 2016 by developer Young Ho Seo. The indicator was originally introduced on the MQL5 marketplace in June of 2016. Since that time, it has undergone several updates and is currently at version 5.8

Overview

The indicator is based on the following. The concept of negotiating demand and supply is based on the quantitative mismatch between purchase and sales volumes in financial markets. For typical traders, the supply-demand zone serves as a turning point. When we look at the original concept, we have found that the original trade in demand and supply can best be made in the period of average reversal rather than the period of the trend.

To demonstrate this concept, and that any zone of supply-demand works for us as a successful trade, the price must approach the base zone, then move away, and back again to the base zone. Our trade will be introduced and the price will probably move further away from the area again. For the success of trade in supply-demand, the zigzag movement of price is essential. A zigzag movement is additionally the typical characteristic of medium reversion.

It is not credible that any trader saw supply-demand trade in-depth in terms of the concept of average reversal. This indicator presents the algorithm and the trading strategy based on the supply and demand zone in the concept of medium reversal.

Features of our Demand for Medium Reversion Supply:

-Automatic loss detection and profit targets for any supply demand zone.

-Daily, weekly, and monthly analysis of the market profile to better calibrate the average reversion characteristics of the market (Area of value and calculation of the control point included.)

-Daily, weekly, and monthly pivot analysis to improve your average reversal analysis.

-Ability to analyze several time frames in the same table. (Simultaneous use of supply-demand zones per hour, 4 hours, and daily is possible.)

-Automatic Touch-Up detection of each supply demand zone. (Easy to identify which area is virgin and which are not.)

-Sound, Email, Push notification is possible when touching any supply-demand zone or only for the selected area (recommended mode).

How to Use Medium Supply Demand Reversal:

This tool offers a daily, weekly, and monthly market profile to measure the odds of average reversal for the market. To build the market profile, the time frame for the table must be carefully chosen for the proper calculation of the market profile. It is usually important to recognize price movement outside the value area. The daily market profile can offer you a chance of medium to short-term reversal compared to weekly and monthly.

The following time frames are recommended.

  • Daily Market Profile: M5 to H1. M30 is recommended.
  • Weekly Market Profile: Can be used between M30 and H4. H1 is recommended.
  • Monthly Market Profile: H1 to D1. H4 is recommended.

In addition to market profile analysis, daily, weekly, and monthly pivot analysis can also be added to improve accuracy.

To detect a valid supply demand zone, we recommend using two or three installments at the same time in a table to detect a valid zone. For example, you can open a time table and you can apply our Average Reversion Supply Demand to detect the time supply demand zone. Supply and area of demand confirmed in several installments usually offer better chances for negotiation. When you have found the good area of supply-demand for trade, click Cashier’s Bidding or Demand area to view your trading settings including the target profit, stop the loss level (fully automatic).

Service Cost

Its price in the MQL market is 80 USD, it can also be rented for 28 USD per month. A free demo version is available.

Conclusion

In short, we are talking about a quite powerful indicator that gives us a lot of valuable information for our trading. After almost 4 years in the market, this indicator has many positive ratings from its users, and the tool has constant updates. 

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Forex Service Review

Profitable Pattern (X3 Chart Pattern) Scanner Review

Profitable Pattern Scanner (now known as the X3 Chart Pattern Scanner) is an indicator of no paint and no delay that detects profitable graphics patterns including harmonic patterns, Elliott wave patterns, X3 patterns, and Japanese candle patterns. Historical patterns match signal patterns. Therefore, you can easily develop profitable strategies in your account with this indicator.

Overview

In addition to the features mentioned above, this superb pattern scanner can detect optimal patterns. The end-user can also enable and disable individual patterns according to their preferences. You can also choose to enable and disable the pattern category according to your preferences. For example, if you just want to exchange harmonic patterns, then turn off all Elliott Wave and X3 patterns.

Note that each pattern is fully customizable with RECF notation. The Japanese candlestick patterns are a kind of bonus package added to the indicator. Japanese candle patterns can be used as secondary confirmation for harmonic patterns, Elliott waves, and X3 patterns. You can also turn on and off Japanese candle patterns if you wish.

Characteristics of the product:

  • Harmonic pattern, Elliott wave pattern, and X3 pattern indicator.
  • Interval of pattern termination.
  • Area of a potential investment.
  • Possible area of continuation.
  • Function locking and unlocking patterns.
  • Stop interactive loss and get benefits according to your reward/ risk ratio,
  • Historical patterns.
  • Signal alert.
  • It can detect about 52 Japanese candle bearers and bullies patterns.
  • Multiple scans – Harmonic pattern, Elliott wave pattern, and X3 pattern.

Important notes for trading:

Profitable Pattern Scanner provides many good patterns for your trade. However, you can use the patterns you like best only. It is not mandatory to trade with all the employers offered by this indicator. Every pattern on the scanner can be turned on and off to your liking, and you can keep the patterns that best suit your trading style.

Calculating historical patterns can be a heavy task. Therefore, to improve the speed of the indicator, you can set the signal Barstoscan = low number as 50 or 30, if necessary. This will reduce the computation of historical patterns, but this will not affect your live trade. This indicator has been verified in the strategy tester up to 80% of its characteristics. It is recommended that you test it before buying it and running it.

Note: This indicator requires the use of the mouse in its operation.

Service Cost

The price of this indicator is 280 USD, although you can also rent it for 35 USD per month. A free demo is being offered at this time. This scanner can find it in the MQL market in the indicators section.

Conclusion

In summary, we speak of a relatively recent indicator, since it was created in September 2019, and in this short time has already accumulated very good reviews among its users. It has to be said that this indicator may not be suitable for a beginner trader because it is a bit complex, although studying it and testing it in the demo version offered, you can get to understand it well. 

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Forex Service Review

PZ ABCD Retracement Indicator Review

PZ ABCD Retracement is a technical indicator created in 2014 by Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions. In this review, we’ll take a look at how this indicator works, as well as how effective it actually is. 

Overview

The PZ ABCD Retracement indicator finds in the markets AB=CD patterns. The pattern AB=CD Retracement is a 4-point price structure in which the initial price segment is partially retracted and followed by a movement equidistant from the end of the pullback. This behavior of the assets in the markets is the basic basis for all harmonic patterns.

The main features of this indicator are:

  • The sizes of the patterns are customizable.
  • AC and BD relationships are customizable.
  • Break-up periods are customizable.
  • Lines, colors, and sizes are also customizable.
  • Displays Stop Loss and Take Profit levels based on CD fiber levels
  • Visual alerts / sound / push / mail for patterns and breaks.

AB=CD Retracements can be expanded and repainted quite a bit. To make things easier this indicator implements a twist: expect a donchian bud in the right direction before signaling a trade. The end result is a repainting indicator with a reasonably reliable trading signal. The Donchian rupture period is introduced as an input.

Bullish setbacks are marked in blue.
Bearish recoveries are marked in red.

Note that price patterns like AB=CD can be expanded and the indicator must be repainted to follow the pattern expansion. If we observe that the pattern repaints more than the ratios AC / BD / AB = CD that have been entered in the parameters, the pattern disappears as it will no longer be valid. To negotiate these patterns, we must resort to the sign of Donchian rupture.

The input parameters are:

  • Amplitude: Size of patterns AB=CD to be found.
  • Rupture period: Donchian period of rupture at time signals.
  • Max History Bars: Number of bars to look back on when the gauge loads.
  • Min AC: Minimum standard AC ratio.
  • Max AC: Maximum pattern AC ratio.
  • AB = CD: Enable or disable condition AB = CD
  • Display options: Displays or hides SL/TP tags, ratios, and levels.
  • Patterns: Select sizes and colors for the lines that form the pattern.
  • Tags: Select colors and sizes from labels A, B, C, D
  • Ratios and SL: Select colors and font size for SL/TP ratios and labels.
  • Outbreak alert: Allows you to receive alerts when a pattern is found
  • Pattern Alert: Allows you to receive alerts when a break occurs and arrows appear

The indicator evaluates each bar, not each tick. The last point of the pattern is repainted as the pattern expands. You can have several indicators on the graph with different amplitudes. An alert is displayed when the pattern is formed and also when the break occurs. A small percentage of trading signals can be repainted. It can increase the breakout period.

Service Cost

PZ ABCD Retracement is available on the MQL market at a price of 49 USD for purchase. It has a demo version so you can try it out and get to know it, so you can make an evaluation before buying it.

Conclusion

We are talking about an indicator that has been on the market for more than 6 years. User ratings are uneven, with positive and negative ratings. We think that this indicator can be a good option for its combination with other indicators, to complement and have more trading signals, but not for solo use. 

 

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Forex Service Review

Risk Monitor: Risk Level Monitoring Indicator Review

The Risk Monitor indicator monitors a level of risk for each particular open position and for all positions in general. The data is displayed in the included panel. While a tool that alerts you to risk level sounds wonderful in theory, was the tool creator, Denis Kirichenko, about to create a tool that does this successfully? Read on to find out. 

Overview

When using the Risk Monitor tool, 24 positions can be monitored in total. The “Symbol” column shows the symbols of the open positions. The “Risk” column shows a level of risk in absolute and relative values (balance share). “Post balance” value of the balance sheet, in case a position closes with a loss. The line “Total Risk” shows a level of gross risk in absolute and relative values (balance share).

Comments on the calculation:

If the Stop Loss is in a positive area, a tick price can be calculated as follows, as Symbolutrade_tick_value BENEFIT, instead, it will be calculated as SYMBOL_TADE TICK_VALUE LOSS;

They are considered swaps.

The “Risk” column values can be displayed in different colors. A price depends on the relationship between Stop Loss and standard values. Detailed information is provided in the table of custom parameters.

The custom parameters are as follows:

Service Cost

If you are interested in buying the Risk Monitor utility, you can find this tool in the MLQ5 market. Its price is 25 USD. A free demo is available, which is excellent. 

Conclusion

Unfortunately, we cannot recommend this tool, for 2 reasons:

  1. Not enough information has been found to make a more complete review.
  2. The absence of user reviews or comments on third-party websites to have a minimum reference of what they think about the product.

With this being said, as we mentioned above, there is a free demo available. Feel free to put this service to the test. As we often see with these tools, updates and improvements are rolled out by the creator, often working out any problems and improving performance greatly.

 

 

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Forex Service Review

PZ Trade Pad Visual Expert Advisor Review

PZ Trade Pad EA is an automated system created in December 2016 by Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions. This simple expert visual consultant allows you to trade from the chart easily. Manage risk management for you and can perform several useful tasks with your existing operations, saving time, and facilitating risk management for each individual operation.

Overview

The main features of the PZ Trade Pad EA are:

  • Trade easily from the chart.
  • Trading with accurate risk management without problems.
  • Determine your desired stop loss and take advantage of profit levels.
  • Close all existing operations with one click.
  • Remove all pending orders with one click.
  • Reap partial benefits with one click.

The input parameters of this EA are:

  • Lot size: Write the lot size or risk per operation you want to take.
  • Fixed Lot: The EA will negotiate its manual lot size
  • % of equity: Will calculate the lot size to risk a given percentage of the free margin.
  • Stoploss: Stop-loss in pips for your operations.
  • Takeprofit: Take-profit pips for your operations.

Please note that EA will carry out risk management using the free margin, not equity or balance.

Available actions:

  • Purchase: Will carry out risk management for this trade, and buy on the market.
  • Sell: The EA will carry out risk management for this trade and sell on the market.
  • Remove all pending commands: Will remove all pending commands from the table.
  • About 50% of the volume: Will close 50% of the operations currently at a profit.
  • Close all operations now: The EA will close all transactions on the graph.
  • Note that about 50% of the volume will ignore operations currently at a loss.
  • All actions will ignore operations performed by other EAs.

Service Cost

If you want to buy this EA, you’ll be pleased because PZ Trade Pad is a free EA and is available on the MQL market for download. It is not known if this service will remain free, so if you are interested in testing or using it, download it as soon as possible. 

Conclusion

In short, we are talking about a complete EA, but at the same time, one that is easy to use, and that can be convenient for all types of traders. As we have mentioned in other reviews, it is convenient to complement the EAs and to have at least 2 or 3 operating at the same time, in order to trade with different assets, and in different time frames. This practice will make our risk more diversified and we can obtain, a priori, better results.

Despite being a product that has been on the market for several years, we have not found many opinions from users who have tried this EA and can guide us about its usefulness. There are positive and negative comments, but they are very few and we believe that we should not take them into account. What we can do is test this EA to see how it works and see if we can add it to our trading.

 

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Forex Service Review

Quantum Swing Index QSI Indicator Review

Quantum Swing Index QSI is an indicator created in September 2015 by developer Dzhafer Medzhakhed. The developer claims to have analysed many of the indicators available on the market and has concluded that there is no appropriate instrument to judge whether the price of an asset is overbought or over-priced. He has spent several years researching and analyzing the market until he has created a new mathematical model called the Quantum Swing Index (QSI) which shows much more accurately the areas where the market is overbought.

Overview

QSI is an oversold purchase indicator designed for the foreign exchange market. One of the most commonly used indicators for assessing whether the market is overbought is the RSI (Relative Strength Index). The RSI was not really designed by its author as an indicator of oversold purchases, but it is used by many merchants to help in this matter. The RSI gives some indication of the oversold or oversold state of the market but has no memory of where the market is, which causes the RSI to lose real tops. When compared to stochastic, which is also used by many to try to detect caps and bottoms, QSI gives a much better idea of an oversold or oversold state.

QSI is undoubtedly one of the most accurate indicators that detect overbought market conditions. On top of that, we see that the QSI shows very precisely where the trend changes and helps swing operators recognize areas to enter (end of correction points). This makes QSI a very powerful universal indicator.

Strategy:

  • It applies to the most common trade approaches, trend monitoring, and fluctuating trade.
  • Time frames: Any time frame is possible to use. In our opinion, the best results are given in H1, H4, D1, W1.
  • Symbols: Any symbol. Works with all major EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD, etc.
  • Not repainted: this indicator does not repaint or redraw.
  • Email alerts: Yes Yes
  • Sound alerts: Yes No

Main parameters of the indicator:

-Email alerts: If it equals “true” it allows email alerts depending on the criteria chosen. Sound alerts: if it is equal to “true” allows sound alert depending on the criteria chosen (see other parameters below).

-Scalp alert up: if it equals true when QSI goes above the “Scalp up threshold” value, you will receive an alert based on Email/ Sound Alert settings.

-Scalp up threshold: threshold QSI above which an alert is generated.

-Scalp alert down: if it equals true when QSI goes below the “Scalp down threshold” value, you will receive an alert based on Email/ Sound Alert settings.

-Scalp down threshold: QSI threshold below which an alert is generated.

-Trend alert down: if it equals true when QSI goes from less than 50 to more than 50 (buy signal), you will receive an alert based on Email/ Sound Alert settings.

-Trend alert up: if it is equal to true when QSI goes from over 50 to less than 50 (sales signal), you will receive an alert based on Email/ Sound Alert settings.

Service Cost

The selling price of this indicator is 39 USD and you can find it in the MQL market. You will notice that a free demo is available, which is excellent. While $39 is certainly not a fortune, testing for free is always the best idea before committing to purchase. 

Conclusion

In short, we are talking about a simple indicator, suitable for all types of traders. This is an indicator that seeks to be more accurate than the RSI and the stochastic to look for over-buying and oversold points. The few comments that exist about this indicator are positive, but few reviews. Therefore we advise you to try the demo version and see if this indicator can be accommodated to our trading.

 

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Forex Service Review

Reaper Forex Robot Review

The Reaper Forex Robot is one of many expert advisors developed by the team known as Forex Robot Trader. The developer says this robot will change the way we negotiate the Forex market. By the way, your previous products have not been able to function according to expectations, and we do not expect the Reaper Forex robot to be better. So we want to go deeper just to see if this team will give us the transparency we want this time.

Reaper Robot Overview

We have to conclude at this time that the Forex market is very transparent and as long as you are trading with a regulated broker, there is nothing to fear. In terms of the strategy used by the Reaper Forex robot, the developer tells us that the strategy focuses on daily price breaks in order to take advantage of ’’explosives” price changes. According to the explanation, we understand that the robot looks for areas of resistance where the price is likely to experience strong reversals. These areas can potentially generate significant benefits.

The developer claims that trading is about patience and more with this strategy, which requires a lot of patience. The Reaper Forex robot negotiates all Forex currency pairs and costs USD 99 per license, currently with a 50% discount on its usual price of USD 199. You have to understand that when such suppliers claim that they are giving a discount, it is because they want you to make a purchase and not because they will raise the price anytime soon. This is just something you have done to increase your sales, and you can be sure that the price will never increase.

We know that the strategy focuses on exploring areas of support and resistance. One thing we see in this Forex robot is that it doesn’t focus on a specific pair, and it trades with almost all pairs. Although many may think this is an advantage, the trader will see that the strategy the software uses is unlikely to work with all Forex pairs. It will work well with one or two pairs but will fail with other pairs. That’s what happens when Forex robot creators decide to create robots that don’t focus on specific currency pairs.

Commercial Performance

The Reaper Forex robot has a very unrealistic performance, as they claim that in the last month, the robot has generated yields of up to $120,000. To prove this is true, instead of using myfxbook to display your trading results, they use a screenshot that shows numbers that could have been easily manipulated. If, indeed, the Reaper Forex robot is so profitable, we do not believe that the cost of a license would be $99. And we also think they’d be safer with their business statements if they showed us a live myfxbook account that updates the robot’s live activities.

Conclusion

The Reaper Forex robot is not the kind of product you would trust, basically because the developer is not transparent with its results. We appreciate transparency and, if we cannot achieve it, we often conclude that the product in question can be misleading. For that reason, we advise traders to invest only in legitimate commercial resources with proven commercial performance. Some of these products can be found in other reviews.

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Forex Service Review

Regression Standard Deviation and ZigZag EA Review

Regression Standard Deviation and Zigzag trading is an EA created in July 2019 by Saeid Irani. This EA or robot has been designed and delivered four types of trade. Based on research, you may be able to combine these four kinds of commerce. In addition, it has just been created for trading in 5-digit symbols. Before using for actual trading, this product requires optimization for any symbol, the author says at least six months.

Overview

This robot manages your account based on the following 4 processes:

  1. Activities prior to a transaction (sale of purchase).

These measures include capital management and the establishment of new revenue when the number of positions is zero. Then, forecast and look for the trend and check the trade in changing any tick price, then determine the volume and number of orders.

  1. Opening activities of an operation.

Activities related to the management of the place where the orders are placed.

  1. Post-transaction activities to protect transactions and achieve the highest possible return.

These activities are found in two parts of the trade investment and end stops, which combine various strategies and special mathematical formulas to follow the current price for end stops.

  1. Activities related to the exit from the market or the termination of operations.

The measures relate to exit methods. In the first case, the total benefit of the transaction is reached at the optimum point, in the second, the elimination of operations that are disadvantaged, as a mismatch in the forecast or news that changes the market atmosphere. When its balance reaches a certain point, the robot removes these positions in small parts (Partial Close Position) from the winning place.

Main parameters of this EA:

  • Symbol: 5 digit symbols.
  • Take advantage: Automatically and based on optimization.
  • Stop Loss: Automatically and based on optimization.
  • Batch size: Automatically and based on optimization.
  • Final stop: Automatic and based on optimization.
  • Partial Close Order: Automatically and Based on optimization.
  • Order Close everything: Automatically and based on optimization.
  • Time frame: All time frame.
  • Fully automated trade EA/ROBOT.
  • Manual trade: Enable.
  • Parameters of Trading Management.
  • As seen in the screenshot.
  • Account Leverage: Based on optimization ACCOUNT MARGIN LEVEL (Stop Out): Based on optimization and account information.

Installations using four trading methods and two methods of closing orders has been created in this robot. By combining these methods and testing them, you can get the best trading method in any symbol that has 5 digits. You also need to enter the account information in the tab/entry section and the strategy tester correctly.

It is necessary to download the complete data in all time frames, for each symbol. For each symbol, you must find the best configuration of inputs in the strategy tester. Use this setting especially on each symbol chart for automatic trading. This means that if you have 5 symbol charts, you have 5 EAs in 5 symbol charts with 5 different input options. Using one activation is enough for the whole table. Only with several different input settings.

Service Cost

Regression Standard Deviation and Zigzag trading is for sale on the MQL market at a price of 180 USD. It is not available for rent, but it has a demo version so you can try it out and get to know it better before making a purchase decision.

Conclusion

In short, we’re talking about a complex robot that needs a lot of configuration and testing before it gets to work on a real account. We think that this EA should only be used by experienced traders, given its complexity. Apparently, the results that can be obtained are good, once read the comments of users who have already tried it, but do keep in mind that it is rather a rather complex installation. 

 

 

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Forex Service Review

Reversal Patterns (Engulfing Scanner & Pinbar Scanner) Indicator Review

Reversal Patterns is an indicator created in July 2017 by developer Pro Berza. This tool contains both the Engulfing Scanner and the Pinbar Scanner. The indicator comes with several types of alerts that make it easy for a merchant to expect a pattern to be formed, to be pointed out, and then check the table to see what a larger historical tells him.

Overview

The Pinbar, or Pinnochio bar, is a great chandelier pattern that can produce good commercial results if traded correctly. The main idea behind these patterns is that the price wants to trick us into thinking in the wrong direction. When you form a Pinbar Alcista, for example, try to convince us that the price goes higher, but in reality, the price is going down at the end of the bar.

These patterns can be powerful reversion signals when used in the right way and in the right location. In addition, Pinbar’s patterns can show us profit points, which can give us the opportunity to enter a trend already started.

The engulfing pattern is a chandelier pattern that can usually be found after a period of pressure up or down. A bullish pattern is usually found near the end of the downward movement, while a bearish pattern will be at the top of an upward movement.

When an Engulfing pattern has formed, the idea behind it is that the investor feeling has changed from bullish to bass or from bassist to bullish. This is the point at which we prepare for a potential investment that can lead to good results.

The main parameters of this indicator are as follows:

  • Custom period – time frame, in which you want the indicator to scan patterns. This parameter could be one of these:
  • Current TF – M1, M5, M15, M30, H1, H4, D1, WK1, MN1.
  • Max bars look back – how many bars again the indicator will start monitoring at startup. This is useful for viewing historical settings.
  • Scan engulfing – enables/disables scanning for possible Engulfing configuration patterns.
  • Scan pinbar – enables/disables scanning of potential Pinbar configuration patterns.
  • Pin bar minimum tail length percentage – the percentage of the length of the tail compared to the size of the candle. The longer the percentage, the better.
  • Style width pinbar – output size for Pinbar pattern.
  • Style bullish color engulfing – color output when we have a bullish gobbling pattern.
  • Style width engulfing – output size for Engulfing pattern.
  • Do send notification – sends a notification when a pattern configuration has been formed (enables MT 4 Tools options notifications).
  • Do send mail – send an e-mail when a pattern configuration has been formed (enable Metatrader 4 Tools Email Options; fill in the required fields).
  • Do show alert – display an alert and play a sound when a pattern configuration has been formed.
  • Do show comment – show a comment in the upper left corner of the chart when a pattern configuration has been formed.

Service Cost

If you are interested in buying it anyway, this indicator is available on the MQL market at a price of 45 USD. A free demo is offered, but at this time, it is not clear as to how long the free testing period lasts. It could very well be that the demo is strictly a one-time demonstration, used to show end-users how the indicator functions only. 

Conclusion

In short, we are talking about an indicator with some complexity, because it is not always easy to make decisions contrary to what the market apparently provides. We think this indicator is more suitable for advanced traders, who have a better knowledge of the markets and are more accustomed to operating in trend exhaustions.

We have not found comments from users who have tried this tool, so we do not have an idea about its real utility. We think it is best to try the free demo version in order to make a better assessment of this indicator.

 

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Forex Service Review

Sigma Pro Indicator Review

Sigma Pro is an indicator created in October 2019 by developer Reza Yavari Chahar Mahal Bakhtiyari. Basically, the Sigma Indicator is an indicator that can identify market caps and funds. It works very well in the trend market and the no trend market.

Overview

This indicator is useful for oscillating exchanges as well as scalping. It works in all markets, including currencies, futures, stocks, and commodity markets. Sigma Pro is a system with an input and an output point.

The creator claims that a fully mechanical system with a clear entry and exit point is needed to succeed. So you can control your emotions and this can make your trading easier. This indicator is free for a limited period of 4 weeks, and you can test and take evidence without paying any money and without risk.

Basically, there are three strategies can be developed with this indicator…

The first is as follows:

Step 1: Determine the trend

  • Higher and higher lows = Uptrend.
  • Low and low = Down Trend.

Step 2: Take the sign

  • If the market is uptrend just take a bullish signal.
  • If the market is Downtrend it only takes a low sign.

Step 3: Determine your Stoploss.

  • Between 1 and 3 percent of the account (or your personal preference).

Step 4: Exit point

  • Set the period 30 to 70 for the Buy Out signal and the Sell Out signal.

The second strategy involves:

Purchase Mode: If the signal arrow is to buy, you buy and if the next purchase of the signal is lower than the previous buy signal, it is added to the volume of the position.

Mode of sale: If the arrow is a sign of sale, you sell and if the following sales signal is higher than the previous sales signal, it is added to the volume of the position.

Output point: When you see the output signal. (You can also use the RSI or Bollinger band indicator).

The third strategy:

Purchase Mode: If the arrow sign is bought and price lower than Bollinger band (deviation = 1, period = X), you buy and if the next purchase signal is lower than the previous purchase signal, add to the position volume.

Selling Mode: If the arrow sign is for sale and price higher than Bollinger band (deviation=1 , period=X), you sell and if the next selling signal is higher than the previous selling signal, it is added to the position volume.

Output point: When you see the output signal. (You can also use the RSI or Bollinger band indicator).

Sigma Pro Characteristics:

  • Very simple and usable for all traders.
  • Capacity works in any time frame and any MT4 pair.
  • Do not paint (The indicator does not change the signals after the candle closes).
  • Notification and sound alerts function.
  • The ability to use as an input signal for your strategy.

The main parameters are as follows:

  • Exit buy signal
  • Output signal
  • Sound alert

Service Cost

The indicator you can find in the MQL market and its selling price is 39 USD, which we consider to be a pretty attractive price. As mentioned above, it can be tested at no cost for a period of four weeks. Obviously, most if not all will want to take advantage of that free trial. 

Conclusion

In short, we are talking about an indicator that indicates the levels of over-purchase and over-purchase of assets. A straightforward indicator that can be used by all types of traders. We also have the advantage that we can use it for free for a period of 4 months, long enough to know if the indicator is of our use and we want to acquire it or not.

There are no user comments about this tool but we know that the developer is a very attentive person and will answer any questions or questions you have very quickly.

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Forex Service Review

Advanced Trend Dream Indicator Review

Advanced Trend Dream is an indicator that was created in March 2016 by developer Sergey Efimenko. This indicator analyzes the internal average price channel at the specified edge moving beyond the external cumulative depending on the direction of the current conventional trend, and at the same time the second price channel on the detailed edge moving past the ends (or specified price modes) of the previous bar.

A special case of setting this indicator is a known Ozymandias. The direction of the current traditional trend is visualized by a line, and the trend change (“exit”) event is shown by an arrow. In addition, it is possible to enable sound and text notification as well as a message to a mobile device.

The arrow is fixed by closing a bar and is not drawn again. The message about a likely change in direction may also be output on an unset bar, but note that the arrow may vanish before the bar is canceled. It is feasible to select 16 price types (including Heiken Ashi bar prices) and 26 types of smoothing.

Advanced Trend Dream Parameters

-Period of range of high and low prices – a period of calculation of the external price channel.

-Period of high and low moving average amplitude – a period of calculation of the first internal channel of prices.

-High and low mobile medium smoothing method – smoothing method of the first internal price channel.

-High average mobile price used – price for the calculation of the top edge of the first internal price channel.

-Average mobile price used – price for the calculation of the lower limit of the primary internal price channel.

-Range of the price channel, the price for the calculation of the second internal channel.

-Price channel smoothing method – second channel internal smoothing method.

-Rising line price – price for the calculation of the top edge of the second inner channel.

-Down line price – price for the calculation of the bottom edge of the second internal channel.

-High price previous to make a comparison – price class to compare with the second price channel when the trend changes upwards.

-Previous low price to make a comparison – price class to compare with the second price channel when the trend changes downwards.

-Trend up arrow symbol code – arrow code for an upward trend.

-Trend down arrow symbol code – arrow code for the downward trend.

-Up and Down Arrow Shift Multiplier – multiplier for scrolling up and down arrows.

-Closed bar alerts – allows you to display alerts only on closed bars.

-Enable alert messages – enable/disable text message output.

-Activation of alert notifications – enable or disable sending alerts to the mobile terminal.

-Activation of alarm sounds – activate or disable alarm notification.

-Alarm sound file name – file name for sound alarms.

Service Cost

If you still want to purchase this indicator, you have it available on the MQL market, in the indicators section, at a price of 30 USD, you also have it available for rent at 15 USD per year, and there is a free demo version available for you to try out.

Conclusion

In short, we are talking about one of the many trend indicators that exist in the market. In appearance, it seems a good indicator, but we have a few concerns about it. In my opinion, I think we have analyzed trend indicators more complete than this and more recommendable for beginner traders. As such, we advise that you do consider renting it for one month to test before making a full purchase. 

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Forex Service Review

Advanced Accumulated Currency Volume Indicator Review

The Advanced Accumulated Currency Volume indicator was launched in March 2017 and is continuously updated. It is an affordable Forex trading tool that has incorporated a number of its own features along with new formulas. In the following review, you will learn more about this indicator and can decide if it may be helpful to you. 

Overview

The Advanced Accumulated Currency Volume Indicator is especially suitable for trading with the 28 major Forex currency pairs and works in all time frames. It is a new formula that in a single graph, extracts the entire foreign exchange volume (C-Volume) of the currencies AUD, CAD, CHF, EUR, GBP, JPY, NZD, and USD. This means a significant advantage in trading. Volume traders know how to use it. If you are a beginner trader, it is convenient that you learn to read the extreme values and add them to your trading routine.

This indicator thinks of C-Volume as a shield, not as a weapon. A warning signal will be displayed on the main graph warning not to go into wrong operations.

This is not the simple volume of a pair. The Forex market is scanned and the volume for each currency is extracted and accumulated to C-Volume. Now we can visualize which currencies have the highest or lowest volume. We can see in a single graph what is happening within the 28 pairs of Forex. If the Euro, for example, has a sharp point, check the EUR pairs for possible operations. If USD has a strong point, then check the USD pairs.

The indicator has been built on new underlying algorithms makes it even easier to identify potential tipping points. This is because it graphically shows peaks of volume C in a coin. These features were designed to help the trader and keep him out of bad trades, while the gauge guides him into pullbacks.

How to Read Volume C

Valuable is C-Volume for the base and the quoted currency of the pair. C-Volume is not a delayed indicator. It gives an instant warning signal and peaks out of range should not be ignored. It is not advisable to negotiate with an extremely high volume C outside the range band. The gauge will keep you out of the bad trades, and look for the pullback.

Do not negotiate with an extremely low volume C outside the range band. Most likely operations: Enter the increase of volume C within the range band. Avoid actions in the drop of volume C. In contrast to the standard volume, this indicator has a unique formula, and C-Volume can be used on a live candle. As long as the sail is open, it will give an approximate value in percentage.

Parameters of the Indicator

Adjustments:

-Baseline width and quotation (make the C-Table volumes thicker)

-Line width other 6 (other volumes C that is not part of the chart)

-Type of line point if width=1 (use the dotted line for the other 6 above), show only the base and the volume of budget (show only the base and the budget line C-Volumes)

-Line width (top and bottom width or range)

-Minimum volume (%-Lower range line level)

-Maximum volume (%-Top range line level)

-Range period (bar period or range lines)

Font size (The size of C-Volumes names) show bars again (how many candles again the indicator prints the currency lines)

Setting up of alerts:

-High Volume C Alert (above top range line)

-Popup Alerts, send alerts by email and send push alerts.

Service Cost

This indicator is only available for rent, and its price is 44 USD for 3 months of use or 58 USD for one year, so it is more advantageous to rent it for one year. It is available in the MQL market indicator store. You also have a free demo version available if you want to use it before you invest your money.

Conclusion

In short, we are talking about a rather valuable indicator, because trading knowing the volume is an advantage over the rest of traders who do not know this fact. There are many comments about this indicator, and most are positive, users are happy with using this tool.

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Forex Service Review

Stochastic with AMA Filtering Indicator Review

Stochastic with AMA filter is an indicator that offers a simultaneous stochastic indicator (oscillator) with signal line filtration by means of the adaptive moving mean (АМА). The developers of this indicator have also added a multicolored signal line display feature. In addition, signal line values below the specified minimum level or above the specified maximum level can be highlighted.

The parameters of this indicator are as follows:

  • Period K – period K of the stochastic oscillator
  • Deceleration – the period of deceleration of the stochastic oscillator
  • Price field – Stochastic Oscillator Used Price Mode
  • Maximum level – maximum level value
  • Minimum level – minimum level value
  • Showcoloredama – enable/disable color signal line display
  • Showarrowsupdn – enable/disable the display of color signal line in dot form
  • iPeriodAMA – Period of smoothing
  • Fastestama – fasting period АМА
  • Slowstama – slow period АМА
  • dSMT – power for calculation of АМА
  • Methodama – АМА smoothing period
  • Arrow up – signal line growth symbol code
  • Arrow down – signal line drop symbol code
  • Arrowext – code to highlight signal line values outside the minimum and maximum levels
  • Add digits – increasing the number of decimals in indicator values
  • Activate alert message at line crossing
  • Activate alert notification at line crossing
  • Activate alert sound at line crossing
  • Alert sound file name

Yellow circles are the indicator values above and below the oversold and overbought levels. To enable the display of arrows (colored dots), change the parameter ShowArrowsUpDn.

The price of this indicator, available on the MLQ5 market is only 30 USD. As affordable as it is to purchase the indicator outright, there is a cheaper option which is to rent it for the price of 10 USD for a period of one year. 

At the time of this review, only one user review was provided by user Chao Tang:

“Good trading indicator. Thank you, inventor!”

Although the indicator was created in February 2015, it has hardly any user comments or reviews on third-party websites, so we cannot make an assessment that takes into account users’ views. Fortunately, it is available at a very affordable price which allows for use without much financial risk.

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Forex Service Review

Trajecta Neuron Trading Signal Indicator Review

On the platforms of Trajecta Trading Signal Indicators Labs, we can say that Trajecta’s trade signal indicators are an innovative platform, without repainting and automatic buying/selling indicators for any pair or period. What follows though is a detailed review of their Trajecta Neuron product, which is a Forex indicator.

Overview

The decision support system of this indicator uses the same technology as the rest of the Trajecta Labs trading signal line published in MQL5. However, they are using indicators instead of Expert Advisors (EA). The difference is that indicators do not actually send orders to the market, and the trader acts on the basis of trade signal indicators manually.

As the user does all trading work, the advantage of these indicators is that the prices of the products are lower, compared to the 100% automatic systems that exist in the market and the subscription signals of trading signals.

All trading signals are built with an intelligent system to detect the best and worst moments of trades. The indicator gives visibility to the trader at the best time for trading, with a trend panel and an accessible visual proof of strategy for any pair or time frame.

The user of this indicator does not need to make any adjustments, as the indicator will look for the purchase/sale signals and alert you with an optional pop-up message and will be adjusted using data mining of the most cost-effective Trajecta Labs configurations (developer of Trajecta Neuron) for the signal algorithm.

The main idea of this trade signal indicator is to help traders find the best pairs and deadlines, and improve visibility of the best and worst moments of the signal.

Trajecta Neuron – Visibility Trend Panel

This indicator is the first indicator of trade signals with the Trajecta VTP – Visibility Trend Panel, an innovative panel of Trajecta alerts to help traders make decisions when using trade signal indicators. The panel has an algorithm for the detection of the probability of the best and worst profound moments, and real-time information, using the following configuration:

  • Grey: probably a minor trend (could be a start signal)
  • Green: probably a strong trend (good time to close a position partially)
  • Blue: probably a close end to a strong trend
  • Red: probably a bad sign (consider to stop trade)

Trajecta Neuron VIB – Visual Indicator Feedback

The developers of this indicator work to create a visual way to test an indicator of trading signals, and to develop the Trajecta VIB – Visual Indicator Backtesting technology.

With this innovative system, the user will be able to create multiple tests of any pair or time frame, as fast as a click of a button, and which he will be able to select using his experience in the market.

To do this, you just have to zoom in on a chart as much as you can, and then inspect if you have more green/blue signs than red bars. The greener, the better.

Quality Control Panel of Trajecta Neuron

With the Quality Control Panel you can obtain information about the last signal and signal quality:

  • The version of the indicator
  • Strategy
  • Signal Average period (average period of all signals)
  • Signal Backtesting Total Pips / Total Bars
  • Signal quality (a real-time measure of signal quality)

Neur Trajecta Alert Panel

You can select and enable Alert Panel messages to alert when the signal changes from a long to a short position.

Guide to the use of Trajecta Neuron:

  1. Select the pair you want to exchange
  2. Select the period you want to negotiate
  3. Expect a purchase or sale signal alert (be patient if you are using long periods)
  4. Select a Take Profit and Stop Loss
  5. If the signal quality is less than recommended in the description of the trading signal, go back to step 1 and change the torque and/or period.

Conclusion

Trajecta, founded in 2003, is a Brazilian company, which offers quantitative and algorithmic commercial solutions to all types of investors, always looking for a level of performance and innovation that is superior to other quantitative systems of the market. The cost of this indicator is 90 USD and can be found in the MQL5 market.

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Forex Service Review

Spider Grid Forex EA Review

Spider Grid EA is an automated trading system that trades in all time frames, in all currency pairs, and other financial assets. The EA was created in 2016 by a developer named Mikhail Paramuzov.

The user must choose the financial asset and the time frame they want to use. The EA uses a four-tier signal confirmation system, which allows it to filter false market entry signals. 3 technical indicators are also used for trade. After receiving a market entry signal, the EA opens a market execution order, and at the same time, a take profit is established to close it.

Overview

The Spider Grid EA uses martingale, although to reduce risk it is possible to decrease or increase the martingale multiplier automatically. In addition, you can automate the change of way anywhere, expanding, or decreasing. The market is always unpredictable, so most of the time open orders wait to be closed, and can be from several hours several days, even weeks. In these situations, the EA does not expect the missing command grid to close, it processes all signals and transactions in both directions.

The main input parameters of Spider Grid EA are:

TF – Temporary Framework Expert Advisor

Rsiuperiod – the period of the RSI indicator

Mfuperiod – the MFI indicator period

Cciuperiod – the period of the CCI indicator

Count bars – The number of bars, this is the signal to open a position, which must be confirmed on these bars.

Max orders – Maximum number of orders

First lots – Initial order batch

Lot proc  from balance is a good function of the initial batch in % of the tank, if 0-disabled

Martin – Martingale

Martingale Plus – Change value of Martingale for each next order. If the value is positive, Martingale increases, if the value is negative, decreases, if 0-deactivated

Grid step – Step in the command grid

Grid step plus – Automatic step-change in grid commands. If the evaluation is positive, the step increases, and if the vaprayer is negative, decreases, if 0-disabled

Tp_pips – Take advantage in points

Sl_pips – Stop loss in points

Trail_sl_start – Final stop in points

Trail_sl_pips – Final stopping distance, valued at the points.

One cycle – When enabled, the EA stops opening new order series after closing the purchase and sales grid. Restart the EA to return it to normal mode.

Magic – Number of magic

Service Cost

If you are interested in this type of EA, note that it is available for purchase on the MQL market for a price of $30 USD. It also has a demo version so you can try it for free before buying it.

Conclusion

Make sure you use a VPS and a low latency broker to make optimal use of this EA. Spider Grid, as we have commented, uses the Martingale system. We are not very much in favor of using automated systems that use this system because of its high risk. We are sure that there are better alternatives in the market, although the truth is that, among its users, it has very good ratings, and we have not found any adverse criticism of this EA.

 

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Forex Service Review

Trend Improvement Indicator Review

We are talking again about another indicator designed for trend trading. The Trend Improvement indicator shows entry points and shows the levels of Takeprofit and Stoploss in the graph, as well as calculates the overall result of our trades. Trend Improvement is a good tool for testing input parameters, and it will also allow you to find the most cost-effective options based upon input parameters quickly.

Overview

It is clear that among thousands of indicators there is no universal indicator that is cost-effective across all currency pairs and long-term time frames. All universal indicators usually generate little profit on a few currency pairs or do not make any profit on other currency pairs in the long run.

Furthermore, it is common that indicators cannot function without long-term changes. Indicators need to be constantly adapted to new market behavior. After some time, all indicators need to be optimized for greater benefits. The concept of the idea is to let the trader find the best parameters for each pair and time frame by themselves. This clearly takes a long time, but the trading community can share the results in a public environment like MQL. In addition, traders do not have to buy an indicator, all this can be done preliminarily in a demo trial version.

Parameter & Proofs

In order to find the optimal parameters, it is best to perform tests. The developer of this indicator has performed various tests of the system parameters obtained during optimization on a sample of historical data other than optimization. The recommendation is to use data from the last two months. In the first month, you can find some of the best parameters. In the second month, you can check if these settings are appropriate or if they are already obsolete.

-When opening the strategy tester, select the start date and last date of last month. Periods of 1H and set the display speed to 1.

-Then you open the indicator property and set the maximum history bars = 528 (approximate number of bars in a month).

-The tests begin, if the results are not satisfactory, you can stop the tests, change the parameters, and start the tests again.

-If the results are good, you will need to adjust the display speed to the maximum and check the result in the last few months.

-If the results of the last month are good, then it can already be considered that these parameters can be used in real trade.

Service Cost

Trend Improvement Pro can be purchased for a single month for the price of $19 USD. This will provide you with a full month for testing. Should you like the indicator and wish to continue using it, three months of service can be purchased for the price of $39, saving you 32% off the price of a single month. For even more savings, consider purchasing a one-year service membership for the cost of $79 USD.

Conclusion

In short, we are talking about a very simple indicator, which we can configure to our liking and according to our trading preferences. There are many trend indicators in the market, so there is a lot of competition between them in the MQL market. With regard to this indicator, we recommend using the free version first and modifying parameters such as those mentioned in this analysis. If you want to rent it later, it can be done for 39 USD per year or 10 USD per month. This indicator is not available for sale.

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Forex Service Review

FXBot MT4 Expert Advisor Review

The FXBot EA uses its own built-in oscillator along with other tools (which the developer does not disclose) to assess market fluctuations (volatility, power, speed, and direction). At the right time, it puts on the market an invisible pending order, with which it continues to work in accordance with the trading mode set.

For the use of this robot, it is recommended to use a fast broker with low spreads and low commissions, accurate quotes, and without limitation of the size of the stop loss. All possible time frames can be used with this EA, both for short-term and long-term operations.

Features of Fxbot for MT4

  • Protection against the spread.
  • Protection against slippage or slippage.
  • It works without a grid.
  • He doesn’t use Martingale.
  • You put a small SL for each trade.

Settings

  • Aggressive – Pending orders can be moved in order to open a trade.
  • Standard – The pending order will be canceled when the market changes direction.
  • Only Best – Pending order is canceled when the market changes direction or loses steam.
  • Multi-Trading – More operations are allowed in both directions.
  • One Plus One – Only one trade in all directions.
  • Only One – Only one trade in the market.
  • Max Trades – maximum number of open trades.
  • Distance – Distance of pending orders from the price.
  • Sensitivity – Sensitivity of the indicator. Increased sensitivity = less operations.
  • Max Spread – maximum propagation size.
  • Max Slippage – maximum slip size.
  • Lot – Size of the value.
  • Auto Lot – Automatic batch configuration by account balance size.
  • Risk – Automatic volume calculation by account size and SL size.
  • Placement of SL and TP.
  • SLBE – Move SL to the open price.
  • Trailing Start – Start following SL on this benefit.
  • Trailing Distance – Following SL at this distance.
  • Close Order – closes trade after a specified number of seconds.
  • Panelypos – The position of the information panel on the y-axis.
  • Comment – You can post comments to the trades.

Service Cost

If you are interested in this EA, know that its price is 1,600 USD and that it has a demo version so you can know it and try it before your purchase. Available on the MQL market in the Experts section.

Conclusion

In short, we are talking about an EA that looks like a powerful tool given the features it shows. Feedback from users who have tested this robot is very positive. What we’re missing is an audited real account where we can see the real behavior of the robot. The developer just puts a screenshot of Myfxbook in his MQL showcase, which we can’t tell if it’s data from this robot or not. For this reason, we would refrain from buying this tool, At the very least, before buying a robot, you have to know the historical data in a real account.

 

Categories
Forex Service Review

Earn More from Forex Using these Popular Stock Screeners

In the USA, the most profitable values can be in the biotech industry and in infrastructure companies. In Russia, they can be the financial, telecommunications, and retail sectors. At the same time, energy, oil, gas, and mechanical engineering are also promising, but their greatest growth took place in 2016 where the index sector reached 100%.

The situation with investments in the EU is not very clear: analysts of Goldman Sachs suggest that the most trusted will be the European indices and the German economy. They believe the Stoxx Europe 600 can more than double the growth compared to the S&P 500 and bring the investor a return of 8-10% per year. Analysts recommend that investors form portfolios to choose companies, which are included in the DAX index.

On the other hand, the elections in Germany and France, the uncertainty over the final Brexit agreements in the United Kingdom, and the various structural problems in the European banking system (particularly in Italy and Deutsche Bank) could impede economic growth in the EU. The interest of investors in China may be attracted by high-tech companies in the field of intellectual and electronic development. They also predict the rise in the consumer goods sectors. However, given the possible war between the US and China, the Chinese export-based economy may continue to fall.

So we’ve talked about specific industries that are suitable for investors, but how can we choose companies, what values are worth buying, since there are many in the world? Then, an agent specialized in the selection of actions can be of help.

How to Best Manage a Stock Screener & Popular Services

A stock screener is a service that allows you to choose a company whose shares are listed on a stock exchange. Company lists and their data are constantly updated in a screener, you just need to adjust the parameters we want and you can have selected a list of companies that meet your conditions.

The basic principles of a screener are as follows:

-There is no perfect screener because information about companies cannot be updated instantly. What’s more, it is recommended to use several screeners. They are usually customized for the bag of a certain country.

-Users of screeners for the USA or European exchanges must have knowledge of English.

-We do not recommend following the principle “the more filters, the better.” It is important to use them in order of preference. Screener filters can be compared with the use of filters in Forex market indicators: where a filter is not sufficient, however, 10 filters are too many because they can distract you from the main task. It is vital to have knowledge of how they should be selected as the right option for the trader strategy.

-A screener is able to analyze the story so it is recommended for long-term strategies; they are not good for volatile markets and intraday strategies.

Below we offer a list of some of the interesting and easy-to-use screeners, which provide a large number of filters.

1. Google Finance Stock Screener

This is one of the simplest and easiest-to-use screeners. It contains information on almost every major in the world. From the menu at the top is possible to select your country, the economic sector you want, and the stock market. In the basic version, the system shows the company, sorted by four criteria. However, by clicking “Add criteria”, you can see the required filters and their parameters.

Parameters of some filters:

  • Market Cap – company market capitalization.
  • P/E Ratio – the share price ratio per share.
  • Div yield – the amount of dividends paid per year.
  • Last Price – current value price of the company.
  • Average Volume – equity liquidity.

Take, for example, MB exchange and see a list of securities with dividends above 10%: According to this screener, out of 500 securities traded in MB, dividends from only 12 companies exceeded 10.18%. The only drawback of this screener is the possibility of some technical failures. We need to know that this screener was designed for professional use, and can also be used for a summary review of the company list.

2. Finviz.com

This is one of the best analysis sites, true to the US stock market. Traders use their analytics to determine the market trend; the “screener” section is an additional trading tool. Check only three American bags, but with more filters in the companies than Google Finance Stock Screener. The truth is that if we analyze the exchanges of the USA in Google Finance Stock Screener, we will see more than 600 companies, while with the Finviz.com screener over 1,000 only for the three US exchanges. In turn, this screener will review 190 companies in European markets, while Google Finance Stock Screener shows values of more than 400 only in Italy. No data on Russian securities.

The site also has separate sections containing analysis information:

Maps: They show values along with sectors and subsectors, which are shown as separate squares, where each asset is a rectangle. The larger the rectangle, the greater the company’s capitalization. When you put the cursor on an asset (rectangle) you will see the price change. The color green means price on the rise; the color red the price lowers.

Groups: In this section are shown the changes that arise in the sectors, countries, industries, and past periods.

Futures and Forex sections show prices in certain markets.

We can say that the Finviz.com screener is a very useful screener especially for the American market; however, it has perhaps too much information.

3. Screener.finance.yahoo.com

This screener is one of the most used among all screeners but is focused only on US markets. The title of the site page offers the user one of more than 10 sections: more profitable and more losses in stocks of the day, devalued values…

Each section is composed of a list of companies with certain parameters called P/E, which is the correlation between the price of shares and the earnings for each, changes that occur daily in the price with relative and absolute dimensions. To receive detailed quote information from each company, go to Search for a required Ticker.

Traders have different opinions about this screener. In many forums (for example Smartlab) you get a high rating. But also, it is very difficult to come to understand your operating principles. For example, there is no description in the filter parameters (which is good for those who only start working in the bag). A choice of filters is insufficient to work with. However, it is a matter of taste.

4. Stock-Watcher

This screener is first in the search system if you search for “Stock Screener”. It also focuses exclusively on US markets.

Filters are divided into several submenus:

Main parameters: price, the volume of securities traded per day, sectors, countries, indices, etc.;

Technical filters: changes in the previous value during the current session, price range during a session, over different periods, etc.;

Basic filters: the relationship between the share price and the profits produced by each share, the totality of shares that are in circulation in the market, etc. There are also the best buy and sell price filters, signals, etc. Some settings (monitoring or chart adjustment) are available only after registration.

The quotes on the site are updated every 15 minutes (according to the website), the site also has graphs showing the history of the price quote. For example, click on the screener section, search for “Electronic Equipment” in the list of industries and go to the AAPL Ticker. You’ll see the “Apple” quote history.

Note, however, that you can make some technical failures by adjusting filters, or incorrect tracking, and the absence of descriptive details of the tickers in the company list.

Conclusion

A stock screener is an additional tool that provides analysis information, such as, for example, an economic calendar or a map with pivot points. They help quickly find company values, which find investor targets and provide comparative characteristics of financial assets, allowing a trader to:

  • Save time;
  • Find attractive values in the market around the world;
  • Compare the performance of different companies and industries.

We know that there is no perfect screener, at the same time, data from various screeners that are due to a specific country or industry can provide an overview of the trend and decide which screener shows more useful information. We can say that there are not screeners that provide information in MB and there is no need for it because there are not many securities to trade intraday in the stock market.

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Forex Service Review

TraderHelp Entry Exit Point Indicator Review

TraderHelp was created by Pavel Krysanov and first uploaded to the MQL5 marketplace on the 6th of March 2018, it has had a number of updates, the most recent update was on the 6th of August 2019 and this brought the indicator up to version 3.3.

Overview

TraderHelp is an indicator created to be used with the MetaTrader 4 trading platform, it was designed to work out the optimal point of entry and exit from a trade.

It has a number of parts, the first being arrows that will display the most efficient market entry and exit points, the up arrow will indicate a buy, and a down arrow will indicate a sell. The indicator has an analytical analysis algorithm that contains both standard and custom indicator readings.

The indicator will also show data on the charts, it will include indicators such as Stochastic, RSI, MACF, and MA on six different time periods (M1, M5, M15, M30, H1, and H43). This block of information can be used to work out the values of multiple different indicators quickly.

The final part of the indicator is an arrow indicating the direction of the trend as well as the power of the trend. The indicator will not redraw the information that it provides.

The main parameters of the indicator:

  • Power – indicator period
  • Alerts – audio alert when a signal appears
  • Show_info – show/hide data
  • EmailAlerts – send notifications by email when a signal emerges
  • MobileAlerts – send notifications to a mobile terminal when a signal emerges

Service Cost

TraderHelp can be purchased outright for $9 which will give you 10 activations of the indicator and no added limitations. There is also the option to rent the indicator, doing it that way will cost you $28 per month.

There is a free version available, this demo version will have some limitations but they are not sated on the site, due to this we believe that it may only be usable with the strategy tester within the MetaTrader 4 platform.

Conclusion

There are four reviews available for TraderHelp, they have all given the indicator a 5 out of 5 rating.

This is a great indikator, make good profit to me, because it is good to make entry, and it Works for all pair, thanks to the creator, 5 star from me” – A 5-star review.

This indicator gives excellent signals, for a long time wanted to find such indicator. Thank you for this” – A 5-star review.

great and very accurate signals, I don’t get how this dude has so few reviews on his products… 5 stars!” – A 5-star review.

Thanx for the support Pavel and for a good indicator. Cheers!” – A 5-star review.

The reviews are all positive which sign a good sign, there are a few comments, the developer has been replying to them which shows that he is still actively supporting the indicator, it has been a while since the last comment so it may be worth sending any queries and questions you have to the creator just to make sure that they are still supporting the indicator before you make a purchase or a rental.

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Forex Service Review

Trend Tracker Calculation-Based Indicator Review

Trend Tracker can be found within the MQL5 marketplace. It was first uploaded on the 7th of April 2016 by its creator Adnan Iqbal, it received a number of updates, the most recent updates were on the 30th of January 2017 and this brought the indicator up to version 1.5.

Overview

Trend Tracker is an indicator designed for the MetaTrader 4 platform. Its purpose is to use mathematical calculations based on Bollinger, Heiken Ashi, and ATR in order to identify trained with the markets. 

Some of the main features of the indicator:

  • It comprises two trend lines: Trend Tracker and Swing. Traders can adopt multiple strategies due to the combination of these Trend Lines for Entry Point and Exit Point.
  • Flexible Tool can be used for any Time Frame. Good success ratios for higher Time Frames from M15 onwards.
  • Combination of Trend Tracker and Swing in the same direction provides the ability to skip whipsaws, choppy market, and market noise most of the time.
  • It includes statistics, traders can adopt strategy as per statistics to set Take Profit and Stop Loss.
  • It does not repaint
  • It does not back paint
  • It does not recalculate

There are also a number of parameters that can be altered, these include the Bollinger Band periods, the Heiken Ashi periods, the ATR periods, whether to display stats, email alerts, sound alerts, and more.

Service Cost

The indicator can be purchased for $79, this will get you no restrictions apart from the maximum of 5 activations. There is also the option to rent it, this can be done monthly which will cost $56 per month. A free demo version is available to use with the strategy tester within the T4 platform.

Conclusion

There are 11 user reviews available giving it an overall rating of 4.5 out of 5.

“After purchasing and installing it today, after 4 hours I was able to earn what I paid for it. This is an awesome Indicator! a must for everyone! More pips to come with this indicator! Thank you for the author!” – A 5-star review.

“In practice, this indicator is not useful. It is absolutely not informative. I regret their purchase, a waste of money…” – A 1-star review.

“So Far Nice start, got good signals at its breakout strategy for GBPUSD, USDJPY and XAUUSD. Using on H1 TF. Still evaluating and will update. Time to update: Using this indicator since April, Trading fantastic, especially if we use statistics for Profit and SL. I recommend to include statistics in PUSH and Email Notifications.“ – A 5-star review.

So the reviews are generally very positive with just the one negative available, the developer has also been very active in the comments replying to most very promptly. There has not been a comment in 2020 yet so we would suggest contacting the creator with your questions to ensure that it is still being actively supported.

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Forex Service Review

Trend Power MT4 Indicator Review

Trend Power was created by Pavel Zamoshnikov and was first uploaded to the MQL5 marketplace on the 22nd of February 2016, it was updated a few times, the most recent update was on the 29th of March 2017 and is currently at version 1.721.

Overview

Trend Power is an indicator for the MetaTrader 4 trading platform, it is a tool that will analyze the direction and the strength of the eight major currency pairs, these are EUR, GBP, AUD, NZD, CAD, CHF, JPY, and USD. It will do this in real-time and by using historical data, it will then generate a sound and message notification when a signal is created.

The indicator will calculate the strength of a signal for 28 different currency pairs and will have a rating between -6 and 6 depending on whether it is a bullish or bearish trend.,

The main features of the indicator:

  1. A very convenient window for displaying the current currency strength (real-time). This window can be minimized and moved by the mouse to any location on the chart.
  2. The current direction of the currency pair trend can always be seen in the top right corner.
  3. It is possible to disable the signal on the currency pairs that you do not trade.
  4. Recognizes non-standard symbol names (with prefixes or suffixes).
  5. It sends emails and push-notifications to mobile devices.

There are also some parameters, these include the number of bars to count, symbols, colors, notifications, and more.

Service Cost

The indicator will cost you $15 to purchase it outright, this will get you up to 30 activations, there is not an option to rent it. There is a free demo version, this version will work with the GNPUSD pair without any limitations, the other currency pairs will be limited to their use.

Conclusion

There are three user reviews, they have given the indicator an overall rating of 3 out of 5.

“This indicator is very slow with it’s signal and heavy on CPU usage!” – A 1-star review.

“Thanks for sharing” – A 4-star review.

So the reviews do not give a lot of information apart from the negatives from the 1-star review. There are some comments, the developer has been very active in replying to comments, the last comment was from 2018 though which is a while ago, and it does not give us an indication as to whether it is still being actively supported, due to this we would suggest contacting the developer with any questions that you have prior to making a purchase.

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Forex Service Review

Trend Scalper Pro Forex EA Review

Trend Scalper Pro can be found within the MQL5 marketplace under the Experts category. It was created by Godhani Kashyap Prafulbhai and was first uploaded to the marketplace on the 26th of March 2020, it received its most recent update on the 31st of March 2020 and is currently at version 1.2.

Overview

Trend Scalper Pro is an EA that can be used with the MetaTrader 4 trading platform, it was developed to focus on co-relation factors within the markets, it will also use divergence and trend reading. The EA is fully automated so you do not need to maintain it, the Ea will work with multiple currency pairs which means that it is able to catch more trends to gives you the maximum probabilities for profits throughout the day.

The main pairs to use with this EA include EURUSD, EURJPY, GBPUSD, GBPJPY, GBPCHF, AUDUSD, AUDJPY, AUDCHF, USDJPY, and USDCHF. It is best to use it on the M15 timeframe and it will use strict take profit and stop-loss levels. You must use it on an ECN account as it requires low spreads, the maximum drawdown expected from the EA is 10% and it does not use martingale, grip, or averaging, only trend following strategies.

Service Cost

Trend Scalper Pro will cost you $150 to purchase it outright, this will give you up to 5 activations of the EA with no other limitations. There is also the option to rent it for a three month period which will cost you $50 to do so. A free demo version is also valuable to sue with the strategy tester within the MT4 platform.

Conclusion

There are no user reviews which makes it hard for us to know whether the EA is functioning properly or is profitable for those that are using it. There was a comment from a customer, the developer responded o them quickly which was good to see and shows what sort of support you may receive should you decide to make a purchase or a rental.

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Forex Service Review

Trend Scan MT4 Indicator Review

Trend Scan is an indicator that can be found listed for sale in the MQL5 marketplace. The indicator was first uploaded on the 3rd of November 2017 and has had no further updates so the indicator is still on version 1.0.

Overview

Trend Scan is an indicator to be used with the MetaTrader 4 trading platform, its purpose is to determine the current trend. The indicator is suitable for any currency pair and any timeframe, the indicator will take into account the volume and volatility of the currencies and then combine them to display the result as a histogram. 

There are a bunch of parameters that you can change which will alter the way that the indicator works:

Main Settings:

  • VolMode – whether to use real volumes in the calculation.
  • GlobalPeriod – global period for calculations.
  • LocalPeriod – local period for calculations.
  • SignalLevel – signal level. If VolMode = false, the values of the variable will not exceed 1. Otherwise, there is no limit for value increase.
  • HistoryBars – number of bars for display.

Alert Settings:

  • Alerts – if true, an alert is enabled.
  • AMessage – display a dialog window.
  • ASound – generate a sound alert.
  • AEmail – send an email at the address specified in the Email tab of the Options window.
  • ANotificaton – send a notification to mobile terminals.
  • soundfile – the name of the audio file.

Service Cost

The Trend Scan indicator can be purchased for $35, this will give you unlimited use of the indicator, you can also rent the indicator for $10 per month, and will be charged $10 for each month that you use the indicator. There is also a free version of the indicator that you can try out before making a purchase.

Conclusion

Unfortunately, there aren’t any written reviews or rating s available for the Rend Scan indicator, there also aren’t any comments so we do not know what the support is like. What we would suggest is that you download the free version to try out, that was you will know that the indicator does what it is supposed to and that you are able to get it set up correctly on your own charts before putting any money down to buy it.

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Forex Service Review

Smart Trend Line Alert – Trend Support Resistance Tool Review

The Trend Support Resistance Tool is a tool that is found within the Utility section of the MQL5 marketplace. The tool was uploaded by its creator ISO Financial Services on the 20th of February 2014, it has had a number of updates, the most recent update was posted on the 10th of July 2018 and is now on version 8.0 of the software.

Overview

The Trend Support Resistance Tool is a utility designed for the MetaTrader 4 trading platform, its purpose is to help traders easily manage many charts and symbols without needing multiple monitors.

Some of the main features:

  • Candle Breakout Alert, Price Touch Alert, and Time Line Alert;
  • 1 click for converting any drawn line into an alert line (Trend line and Horizontal line or Trendline By Angle);
  • Alerts History able to re-open closed charts or re-draw deleted alerts, for instant review;
  • Separating different time frame’s lines by hiding drawn lines from lower time frames in higher time frames to avoid being confused by many lines on the chart from different time frames;
  • Auto switch time frame when a line was hit in the lower time frame;
  • Alerts with expiration time if not triggered.
  • Auto converts low angle trend line into leveled support and resistance line.
  • Auto support to resistance reversal and vice versa;
  • Auto line’s color, description, style, and width set;
  • Blinking line when a line was hit by price (till user clicks on the chart to turn it off);
  • Auto chart comes to the top when a line was hit;
  • And more.

There are also a whole bunch of settings that can be altered to help change the utility to better suit your needs, some of them include the resistance color, support color, alert line style and width, the ability to auto-switch timeframe, to auto-hide menus, to show descriptions, and many more options are also available.

Service Cost

The software can be both purchased or rented, in order to purchase it, it will cost you $31.75. When renting, you can rent it in increments of three months, a three month period will cost you $10. There is a free version available, however going through the information we could not see what the limitations or changes are for the free version, but it is always worth downloading the trying out.

Conclusion

At the time of writing, there are 14 different reviews giving the utility an overall rating of 4 out of 5 stars.

“I’m Honestly happy even though @ 1st I was hesitant about it, its worth it cause I ain’t got time to be on the screen the whole day. I just need my alerts, analyze further and that’s it. #SniperTool” – A 5-star review.

“I like the product but Author doesn’t not usually respond to messaging so -1 star for that.” – A 4-star review.

“Excellent tool, now I am getting notifications on my Iphone and also through email. Would recommend this to every one, it gives you peace of mind not to stare the screen, only check when you get the alert. Super simple but very effective.” – A 5-star review.

The reviews on offer are generally very positive, there are a few mentions of the support being offered as slow or non-existent which isn’t a great sign. We would highly recommend that you download and test out the free version, this way you can be sure that you are about to get it set up and running correctly and that its features are exactly what you are looking for.

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Forex Service Review

Trendiness Index Indicator Service Review

Trendiness Index can be located within the indicators section of the MQL5 marketplace. It was created by Synapse Investment Research Group and was first uploaded to the marketplace on the 31st of October 2016. It has received a number of updates, its most recent update was on the 22nd of March 2017, this brought the current version of the indicator to version 1.4.

Overview

Trendiness Index is an indicator designed for the MetaTrader 4 trading platform. The indicator was designed to show you the strength of a trend and the direction of it too. This is done with a few different options.

The developer has suggested a few strategies to use with the indicator:

Short Term:

  • Enter a trade when Trendiness Index indicates a strong trend and direction (colored bar).
  • Be careful when the Trendiness Index indicates a fading trend (darkened bar color). Can exit trade here to be conservative, or remain in the trade to increase profits if price action supports the continued movement.
  • Exit the trade when the Trendiness Index indicates the end of the trend (grey bar).

Long Term:

  • Enter a trade when Trendiness Index indicates a strong trend and direction (colored bar).
  • Remain in the trade until an opposite-colored bar appears (red if a call, green if a put), then exit.

The indicator also comes with alerts, this can be for various scenarios such as a strong upward or downward trend, when a trend is decreasing in strength, or when a trend is becoming a no trend.

There are a number of parameters available with the indicator, these allow you to slightly alter the way that the indicator functions. Some of the available settings are the calculation period, whether to use smoothing, the standard deviation calculation period, whether to use alerts, types of alerts, the high percentile threshold, and more.

Service Cost

Trendiness Index can be purchased with a one-off payment of $49, this will give you up to 937 activations with no further limitations. There is also the option to rent the indicator, this can be done on a monthly basis which will cost you $16 per month, you can also rent it on a three-month basis which will cost you $33 for that time period.

A free demo is available, the site does not indicate what the features or limitations of the free version are, this normally means that it can only be used with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

At the time of writing, there were four user reviews, each one was very positive giving the indicator and overall rating of 5 out of 5.

Really helpful, great indicator as well!” – A 5-star review.

EASY TO USE AND HELPFUL TO UNDERSTAND THE MARKET TREND” – A 5-star review.

Great indicator. I am doing scalping in 1Minute timeframe German30 today, and can see what he is going to do next. Right On Guys!! 937 Activations!!” – A 5-star review.

Do the reviews indicate that the indicator is doing what it is meant to do and that the users are currently happy with it. The developer has also been replying to the comments that have been left, which is a good indication of the sort of support you would receive once the indicator has been purchased or rented. The only concern is that the last comments were from 2017, so we would suggest sending any queries that you have to the creator before you make a purchase, this way you can make sure that it is still being actively supported before putting any money down.

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Forex Service Review

Unlimited Trade Copier Pro Review

Unlimited Trade Copier Pro is a complete tool to remotely copy trade between multiple MT4 or MT5 accounts and across the Internet. This is the best solution for signal providers, who want to share their trades with other traders globally with their own rules. A supplier can copy transactions to unlimited recipients, and a recipient can get unlimited supplier trading as well. The provider can set the expiration date of the subscription for each receiver so that the receiver may not receive the signals after a predetermined time.

The main features of this tool are:

-Copy of trades between MT4 and MT5 accounts.

-The role of the provider or receiver within the same tool is switchable.

-A provider can copy transactions to unlimited recipients, and a receiver can receive trades from unlimited suppliers.

The Provider or Receiver can manage your list of Receivers or Providers through a database management system without additional tools (add, delete, edit, enable or disable, set expiration, etc). The provider can set the maturity of the subscription for each receiver so that the receiver will not be able to receive the signals after that time.

The list of suppliers or receivers can be edited within MT4 or by a CSV file previously exported. It is switchable between Remote mode (copy over the internet) and Local mode (copy within the same PC/Server). Further, it is switchable between trade protocol (copy operations), and signal protocol (send or receive signal only).

By default, the SL/TP modifications, not only Input and Output, will be copied, so it is safer for the receiver in the event that the connection is lost or the terminal is left without an internet connection. But the provider has the right to hide SL, TP, and set other modifications (it would only copy the input and output) to hide the receiver’s strategy.

  • Protects the receiver from slips and old commands.
  • The receiver account can still operate manually or use other Eas without any conflict.
  • Automatically recognizes and synchronizes the symbol prefix or suffix between brokers.
  • This tool allows up to 5 special symbols (ie: GOLD –> XAUUSD, etc.).
  • It has multiple setting options for various batch sizes for the receiver.
  • Allows filtering the copy either SL or TP or output point.
  • Allows filtering what type of commands will be copied for both the provider and the receiver.
  • It allows the inverted copy for both the supplier and the receiver.
  • Protection of reduction.
  • Auto sends a mobile notification and email to the recipient when the account has new activities.
  • Restore the previous settings and status after switching off the terminal or turning off the power.
  • Control panel in real-time.
  • Easy to use tool and friendly interface.

In short, Unlimited Trade Copier Pro is one of the many tools used to copy a trader’s operations and replicate them in real-time remotely on another trading platform, MT4 or MT5. Despite being an easy to use tool, as we have seen in the features, it is quite powerful and allows multiple tasks, so it can be suitable for professional use.

This tool can be found in the MQL market, and its price is 299 USD, although it can be rented for 99 USD per month. It is also possible to test it for free using a trial demo version.

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Forex Service Review

True Currency Strength Meter Indicator Review

The True Currency Strength meter can be found in the Indicator section of the MQL5 marketplace. The indicator was first uploaded on the 15th of August 2017 by its creator Emir Revolledo, there have been a number of updates since its release, the most recent update was on the 13th of April 2018, which brought the indicator up to version 1.9.

Overview

The True Currency Meter is an indicator designed to be used with the MetaTrader 4 trading platform, it does not appear to be available for any other platforms. This indicator claims to be different from any other currency strength indicator as it looks at the currencies’ true strength.

The majority of strength indicators out there will look at the currency strength based on its pip movements, however, the True Currency Strength Indicator Meter understands that different currency pairs have different value pips, so it uses additional calculations to work out the strength based on the movements, but also the pip values, so a movement of 100 pips on a high-value pip pair will be stronger than a 100 pip movement on a lower value pip pair.

There is also an addition of both SMS and Email alerts available with this indicator. The indicator comes with a whole host of parameters that can be altered to change the way the indicator functions, this allows you to adapt it to more suit your own trading style and requirements. Some of these parameters include the time frame, the color of the currencies, fonts, sounds for alerts, whether to use email or SMS alerts, alert intervals, alert levels, and many more.

Service Cost

The True Currency Strength Meter will cost you $35 to purchase, this will give you full access and unlimited usage of the indicator. If you do not wish to buy it, you are also able to rent it, there is a monthly rental of $19 that you will need to pay for each month that you wish to use the indicator. There is a free demo version available, this will have some limitations but they are not stated on the page, we believe that the free version of the indicator may only be able to be used on a demo account and not a live trading account.

Conclusion

There are 25 reviews at the time of our writing, these reviews have given the indicator an overall rating of 4 out of 5 stars. 

Great product and great seller. Seller will go out of his way to reply. Support is 1st class, A++++++++++” – A 5-star review.

Indicator is very good but the Author doesn’t answer me on message. I asked several times to make one alert push alert system not only interval alert… but he doesn’t want to make it… I have been asked him for a long time ago! Pretty bad support.” – A 1-star review.

Very good signal and easy to use. Just put a little logic to it and can be used on a wide range. Can be used either as a fast signal for scalping or can do for long signals for day trading. User-friendly indicator. Very good support too. And usually replies in less than an hour. (I actually wonder why it got a bad review. lol) Overall, it’s a good job!” – A 5-star review.

So there is a mix of ratings, however, even the lower score ones are stating that the indicator works, it’s more the support from the creator that is lacking. There are 151 comments for the indicator, the creator does seem to be replying to them quite quickly which is, of course, a positive sign and goes against what the 1-star review mentioned. Even with so many positive reviews, we would highly recommend that you download and try out the free version, at least then you can make sure that it works for you and that it provides you with what you need prior to making a purchase or rental.

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Forex Service Review

True Points Pro FX Indicator Review

True Points PRO can currently be found on the MQL5 marketplace under the Indictors section. It was created by Evgenii Aksenov and was first uploaded to the marketplace on the 21st of October 2019, it had its most recent update on the 13th of March 2020 and is currently on version 2.7 of the indicator.

Overview

True Points PRO can be used with the MetaTrader 4 trading platform, its main purpose is to determine the true pivot points of the markets. The indicator comes with built-in take-profit levels and will display profit information for the signals.

The indicator is usable with all currency pairs and different assets including indices, crypto, commodities, and more. 

The main parameters of the indicator:

  • Amplitude – affects the frequency of signals it is recommended to use 150
  • Calculation period (bars) – calculation period of the indicator on the history
  • Open/Close value level – the main parameter of the indicator to determine the frequency of signals
  • TakeProfit #1- profit level by a given value
  • Use TakeProfit #2 – a flag to switch on/off TP2
  • StopLoss -sets the loss level for TP1 and TP2
  • Multiple orders (Max number) – sets the max number of orders in a series
  • Step signal bars (to the next signal) -parameter to steps between entering points (triggers) “no closer than”

Service Cost

The indicator can currently be purchased for $75 which will give you limitation free access to it and it can be activated up to 5 times. Unlike many indicators on the MQL5 marketplace, there is no option to rent the indicator, the only option is the one-off payment.

There is a free demo version stated on the site, however, the details of it are not given so we are not entirely sure what the limitations are. It may only be used within the strategy tester.

Conclusion

There are 22 reviews for True Points PRO, these reviews have given the indicator an overall rating of 4.5 out of 5.

I have been testing this since early versions and I have to say the entries are great. Especially in higher timeframes H1+. Works very well and now without repainting.” – A 5-star review.

Terrible indicator, gives a bunch of wrong signals, trust me I tested many indicators and this one is out of scope, looks nice on a chart, the author not providing any help, don’t respond to messages…stay away.” – A 1-star review.

This is the very first indicator I’ve ever bought. It’s a great indicator and very profitable! Pair this with True Points Histogram for even better entries and exits!” – A 5-star review.

The majority of the reviews are every positive showing that the indicator is doing what it is meant to do, the main negative reviews are stating that the signals provided did not go the right way, no indicator or expert advisor will be right 100% of the time. In terms of comments, the developer of the indicator has been replying to the majority of the comments, showing that they are still supporting both the indicator and the customers.

While things are looking quite positive, we would still recommend that you download and try out the free version just to make sure that it is right for you before you make a purchase.

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Forex Service Review

True Range Expert Advisor Review

True Range is an expert advisor that can be found within the MQL5 marketplace. The expert advisor was first uploaded on the 5th of May 2019 by Smart Forex Lab, it has had a few updates, the most recent was on the 6th of December 2019 and this update brought it up to version 2.10.

Overview

True Range is an expert advisor that was created to be used with MetaTrader 4. The expert advisor was designed to give accurate night scalping using a smart grid system for the double protection of your account.

The main features of the expert advisor:

  • Accurate night scalping & smart grid system
  • Stoploss for every position
  • 100% automated daily trades
  • Spread control 
  • Overlap & Auto lot system
  • Various progression types (off/arithmetic/geometric)
  • DDStop – loss control system

The recommended settings for True Range:

  • ECN account 1:400+
  • Fast VPS
  • Timeframes: EURUSD M5
  • Min Deposit: $300-500/0.01l

There are also a bunch of parameters available to alter, some of them include the maximum spread, max lot sizes, first lot size, auto lot sizes, grid sizes, take profit levels, stop loss levels, colors, and many more options are also available.

Service Cost

True Range can currently be purchased for $195, this version will offer you unlimited access without any limitations. If you do not wish to purchase it outright there is also the option to rent it, you can rent it on a monthly basis which will cost you $50 per month, for a three month period it will cost you $100 and for six months it will cost you $150.

There is a free demo version available however this version will have some limitations, sadly, there isn’t any information available regarding the free version such as what the limitations are, whatever they may be, we would still recommend downloading it to try out.

Conclusion

True Range currently has been rated 4 out of 5 from the 9 reviews that are present.

Works much better than 99% of much more expensive EAs! This EA is working well on Demo, and Live is showing promise too! Truly, the developer is making money from trading and not from selling! Definitely worth more than 5 Stars!” – A 5-star review.

“Nice EA. Great support from the developer. I would give it 10 stars if I could!” – A 5-star review.

Good in demo! Update 11/2/2020 It is not recommended to use real accounts” – A 2-star review.

There is a mix of positive and negative reviews, the negatives aren’t really giving too much information as to why it is bad. There are plenty of comments for True Range, the developer has been replying to them in a prompt manner which has given a great impression of the customer support that he is providing. We would recommend that you try the free version. You should also send the developer any queries that you have, just so you can be sure that it is right for you and will do what you need it to before you make a purchase or rental of the expert advisor.

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Forex Service Review

Ultimate Double Top Bottom Reversal Scanner Review

The Ultimate Double Top Bottom Reversal Scanner is an indicator that can be found within the indicators section of the MQL5 marketplace. The indicator was uploaded to the MQL5 marketplace on the 13th of February 2018 by FXsolutions, it was most recently updated on the 6th of October 2019 and is currently at version 1.11.

Overview

The Ultimate Double Top Bottom Reversal Scanner is an indicator, it can be used with the MetaTrader 4 trading platform and has been designed to scan up to 30 trading instruments over 8 different timeframes for the probabilities of reversal patterns.

The indicator only needs to be placed on one chart and it will function over the 30 different currencies, the indicator will send you alerts that you can customize whenever a signal is created. The indicator will use the Double Top/Bottom formation to create its signals.

There are a number of parameters that you can change, these will slightly alter the functions and display of the indicator. Some of the settings include alerts for various things such as for long or short signals, how the alert will be given (MT4, email or push), which timeframe to use, the template name, how often to check, and a few other options are also included.

Service Cost

The Ultimate Double Top Bottom Reversal Scanner can be purchased outright for $199, this will give you unlimited and unrestricted access to the indicator. There is also an option to rent the indicator, you can do this on a monthly basis which will cost you $49 per month, you are also able to rent it for a three month period that will cost you $89 for that timeframe.

There is a free demo version available, this will come with some limitations, unfortunately, the site does not indicate what the limitations are, we just know there will be some. It is always worth downloading and trying out the free version of the indicator or expert advisor.

Conclusion

At the time of writing, there were 8 user reviews, they have given the indicator an overall rating of 5 out of 5.

The scanner is very accurate and it is better to couple it with the Ultimate Top and Bottom Indicator.But where the scanner is incredible is that you can have until 30 custom pairs to be scan, on 8 timeframes !! No lag and easy to configure. Good good.“ – A 5-star review.

No repaint. And when used properly, this Double Top/Bottom Scanner proves itself to be a very effective and most helpful tool! Takes away the need to be glued to the monitor, flipping charts around different pairs and time frames hunting and waiting for Double Top/Bottom signals to appear. Great job!” – A 5-star review.

Points out exactly what it says it will. Masterfully done. Don’t think twice, the effort put in shows.” – A 5-star review.

The reviews are all very positive which is a great sign, there are also over 50 comments, the developer of the indicator is replying to the majority of them in a friendly manner and within a short period of time, this is a great sign as to the sort of customer support that you will receive should you purchase it. Even with all of these positives, we would suggest that you download and try out the free version, this will allow you to test it out and make sure that it functions the way that it is meant to and that you are able to get it set up and working before you make a purchase or rental.

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Forex Service Review

Volumes Server MetaTrader EA Review

Volumes Server can be found on the MQL5 marketplace, it was uploaded by Denys Shelashskyi on the 27th of September 2019, it has not had any further updates so it is still at version 1.0, with no updates added since that time. In this short review, we’ll let you know what to expect from this MetaTrader-based expert advisor. 

Overview

Volumes Service is an expert advisor that was created to be used with the MetaTrader 4 trading platform. The main purpose of the EA is to download data for indicators in the ClusterDelta series. So if you do not have the indicators that it works for, this EA will not be very useful. If you do not use the ClusterDelta indicator, then we would suggest not purchasing this expert advisor.

Service Cost

The EA can be rented, you can do this for a six month period which will cost you $30 for the six-month rental. There is no option to purchase it outright, there is a free demo version but we do not know the limitations of the free version as they are not stated on the site.

Conclusion

There is just one review available which has given the EA an overall rating of 5 out of 5.

“Perfect. I just hope Volume Profile and Footprint will be added soon” – A 5-star review.

The one review is positive, there are also a few comments in the comment section, the developer has been replying to those that required a response and seems to be offering good customer support, they have also provided a direct email for support which is a good feature to have. As mentioned before, this EA is only worth having if you already have the indicators that work with it.

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Forex Service Review

WaveTrend Momentum Oscillator Review

WaveTrend Momentum Oscillator can be found within the MQL5 marketplace under the indicators heading. The indicator was first uploaded on the 20th of October 2016, it was most recently updated on the 22nd of March 2017 and is currently at version 1.2.

Overview

The WaveTrend Momentum Oscillator is an indicator that can be used with the MetaTrader 4 trading platform. It is easy to use WaveTrend Oscillator, it adds a momentum component to the original WaveTrend calculation, so it manages to get more accurate entry points. When the WaveTrend is in the overbought level and then goes below the control line a sell signal will trigger, when it is below the oversold and then moves up it will be a buy signal.

The indicator also comes with some alerts and can have messages, emails, and sounds. There are a set of parameters available that you are able to alter, some of these include the wave trend type, the calculation period, the averaging period, the momentum length, the oversold level, to turn alerts on and off, the type of alert to use, and more.

Service Cost

The indicator will cost you $49 in order to purchase it outright with no limitations. There is also the option to rent it, you can do this on a monthly basis for $16 per month, or you can rent it for three months which will cost you $33 for the three months. 

There is also a free version available for you to demo, this version will have some limitations added to it, the site, unfortunately, does not have any information on what the limitations are, but whatever they are it is worth downloading to try it out.

Conclusion

The WaveTrend Momentum Oscillator has only received two reviews, its overall rating is 5 out of 5.

“Great indicator with good signals. It’s also great to use for divergence.” – A 5-star review.

“This is a great Oscillator that helps in entry and exit trades especially with other combinations or alone after tweaking. I have been using it since I got it. 49$ seems a reasonable price for a solid profitable indicator. I hope you can develop an EA from it. I think it would be a good EA scalper on 1M.“ – A 5-star review.

The two available reviews are very positive which is good to see, however as there aren’t many reviews we would still recommend that you download the free version to check it out and to ensure that it works with your setup. There are also a few comments, the creator has replied to some of them but not the most recent ones, so we hope that you could get some better support directly from the developer, you could always send a comment to them with any queries that you have to see if they reply and to ensure that you will get some after purchase support with the indicator.

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Forex Service Review

Wolfe Waves Builder Indicator Review

Wolfe Waves Builder is currently located within the indicators section of the MQL5 marketplace. It was created by Mihail Moroz and was first uploaded on the 10th of April 2015. It has had a number of updates, the most recent update was completed on the 18th of February 2020 and is currently at version 3.2.

Overview

Wolfe Waves Builder is an indicator that can be used with the MetaTrader 4 trading platform, it will automatically plot Wolfe Waves onto the charts which will help to show trend reversals.

Some of the main features of the indicator:

  • It shows trend reversals, as well as the overbought and oversold zones on wave 5.
  • Automatically plots models and finds the Wolfe waves.
  • Price movement forecast.
  • Arrow and alert on wave 5 for novices, which prevents missing entries.
  • Efficient trading strategy.
  • Easy to use.
  • ZigZag is not used.
  • No redraws, no lags.
  • At the moment, this is the most perfect indicator of that sort.

There are also a bunch of settings and parameters available to alter, these include things like forex cleanup, enabling alerts, high and low periods, the draw channels, maximum bars to count, pivot points, and more.

Service Cost

Wolfe Waves Builder can be purchased with a single payment of $30, this will get you 5 software activations and no other limitations, If you would prefer to rent the indicator, this can be done on a monthly basis for $10 per month, or there is a three month period which will cost you $20 for the three months.

There is a free demo version available, the MQL5 site does not indicate what the free version offers, this normally means that it is only usable with the strategy tester but we cannot say that for sure.

Conclusion

The Wolfe Waves Builder currently has five reviews, these reviews have given the indicator an overall rating of 4.5 out of 5.

“An email alert on the formation of the 3rd point on the wave would make it a five-star product” – A 4-star review.

“This is a good indicator, does the job well.” – A 5-star review.

“This tool is undervalued!! must have” – A 5-star review.

The reviews are all very positive, which shows that the indicator is functioning the way it is meant to. There are also a number of comments, the developer has been putting their own information as well as replying to comments from people who have purchased or rented the indicator which is a great sign as to the kind of support you would receive should you decide to purchase or rent the indicator.

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Forex Service Review

The Real Bank Robber Forex EA Review

The Real Bank Robber is an EA that was created by Oleg Arsentev in January 2020, so we are talking about a newly created tool.

This robot, written by the creator Oleg Arsentev is based on his many years of experience in the Forex market. Trying to get “easy” money took him from one end to the other. One way to another, another to the next, etc. And finally, he found a fascinating strategy. Everything is simple when a marked change in price appears, and at the same time there are a couple of conditions that will not be disclosed, the advisor establishes pending orders. When an order is activated, in a given period of time, the position begins to be followed by a Stop Loss.

Otherwise, after a certain time, the pending order is removed. According to the developer, this automated system is capable of generating positive returns year after year. The amount of profit depends only on the activity of the market. In the adjustments, there is a mandatory point to control the unexpected loss.

The grid strategy is missing. Martingale and Martingale are hidden, and (increase in the number of orders) are not used. This expert can negotiate with almost any standard broker. Therefore, the creator invites every trader to download the demo version, in order to be able to see the consultant in operation before contemplating a rental of the same.

The main features of this tool are:

  • Final stop
  • Stop loss
  • Takeprofit
  • Time to start – time to start work
  • Time to complete – time to complete work
  • Prefix for tool name – prefix for tool name
  • Tool name suffix – suffix for tool name
  • Double batch in reduction (no martingale) – fold lot in reduction (no martingale)
  • Stoploss for ‘Double lot’ – Stoploss to bend a lot
  • Time frame 5 – 15 min.
  • ECN account if possible.
  • It is advisable to use the default settings.

We are dealing with an enigmatic robot, of which we do not know all the details well because its creator has left several variables undisclosed.

In any case, it is a well-studied tool and the result of a long-term study. We have seen results from 2010 to 2019 and the reality is that they have all turned out to be profitable, even though we are talking about screenshots, so we will have to trust that this is the case.

Being a very new tool there are not many comments, but the few that there are very positive, so we can stick to the recommendation of the creator and try the trial version even in a demo account, to see the real functioning of the robot.

The Real Bank Robber is a robot that is only available for rent on the MQL market. The rental prices are 136 USD for 1 month, 400 USD for 3 months, and 782 USD for 6 months.

It is certainly not a tool for all pockets, it is a significant investment, so we insist, it is essential to try the free version and we can also wait a few months to see how the robot evolves and have more data and assessments from other users to know if it is so profitable.

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Forex Service Review

CentoBot Automated Cryptocurrency Trading Software Review

CentoBot was created in 2017 to automatically trade forex and cryptocurrencies. The name of the actual developer or information about the company behind this robot is kept a secret from customers, so it isn’t clear whether the robot was designed by an individual trader or corporation. 

Overview

CentoBot is comprised of software that places automated trades on the user’s behalf. This system works with both forex currency pairs, alongside cryptocurrency options like Bitcoin, Litecoin, and more. Here are a few more facts about the software:

  • Works with currency pairs and cryptocurrency
  • The platform can be used to design your own trading robot with preferred settings 
  • Advertised profit percentage of 297% 
  • Users select which robot to use based on a desired level of income

On the downside, CentoBot’s website does not provide very much detail about the way that the robot trades or the ways that it minimizes losses for users. It seems as though you can choose from multiple robots once you’ve opened an account, each of which provides a different income level and supposedly uses different types of strategies. There just isn’t any information to back this up, so we have to rely on the product’s word that it makes trading decisions based on this. 

Service Cost

You’ll need to deposit at least $250 into your trading account for this product to work, however, all three of the current options on the website’s suggested broker list require $500 minimum deposits. You have to choose one of these options when registering for an account, so it seems as though the $500 deposit is absolutely necessary. Technically, the software is free, which is a plus when compared to the cost of many other automated trading robots that are on the market. Although a demo is available, information suggests that it is only a one-minute long video that shows the robot in a number of winning trades

Conclusion

We know that CentoBot is an automated trading robot that works with forex and cryptocurrency options with a high advertised profit percentage, but the website doesn’t disclose many more details. We were left feeling a little apprehensive, considering that we only have loose facts about the way the robot trades and zero details about how the system works to minimize losses.

If you want to try this robot, the good news is that the product is technically free, although you’ll need to open a trading account and deposit at least $500 with one of the supported brokerages. Our final opinion is that this robot might be profitable, but we would suggest proceeding with caution and keeping a close eye on your profits and losses until you can trust it completely.

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Forex Service Review

Universal Premium Expert Advisor Review

Universal Premium Expert Advisor is the premium version of Universal Expert Advisor, with both products being created by an undisclosed individual or company. The EA offers fully automated trading that is designed to bring in a hefty profit for any trader that uses it. 

Overview

Universal Premium EA is a beginner-friendly trading robot that offers simple drag and drop installation, along with preset settings that don’t have to be tampered with. The EA continuously looks for trades both day and night while employing protective stops to manage risk. Universal Premium EA can be used with all currency pairs and it is compatible with the ever-famous MetaTrader 4 platform, which is available through most brokers. Here are a few more of the EA’s features in a nutshell:

  • Works with all currency pairs
  • Compatible with the popular MT4 platform
  • Uses protective stops to secure profits
  • Works with micro, mini, and standard size lots
  • Automated stop loss and take profit

If you take a look at screenshots provided by the developer, you’ll see a high profitability (around 90% or higher) with a monthly gain of 83.71% for one of the months when the EA was tested. If you take a look at the non-premium version, you’ll see a much higher gain of 7000% over a 9-month period of time, which suggests that this version has not had time to become as established as the older EA, or that the developer simply didn’t take the time to provide as much proof. 

Service Cost

Universal Premium Expert Advisor is surprisingly available for €300 (roughly $354 USD), making it the same price as the non-premium version. Free customer support is also available to any customer that purchases this product. It seems as though this version works with all currency pairs and lot sizes, while the other version may or may not. However, it isn’t clear as to why the cost is the same for both, as the developer doesn’t paint a clear picture of the differences. 

Conclusion

Universal Premium Expert Advisor is advertised to have secured more than 7000% in profits in a 9-month period of time. The software is ideal for beginners, as it requires a slim $300 deposit, costs $300, and is fully automated with preset settings and easy installation. The advisor works with every currency pair and uses risk-management precautions, including protective stops and take profit levels to protect your profits. On the downside, user reviews aren’t available online, meaning you’ll have to go by the developer’s screenshots and trust those accounts of the product’s success. Despite the lack of reviews online, the developer does provide a decent amount of history and proof to back up this EA, but it would be nice to see results from a longer period of time.

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Forex Service Review

FXCharger Forex Trading Robot Review

FXCharger is an automated trading robot that was designed to work on the MT4 trading platform. As we well know, not all trading robots are created equal. Check out this FXCharger review prior to making a purchase and using this tool to trade on your behalf.

Strategy

FXCharger is an automated system that sets a unique take profit and stop loss for each order with adjusted settings based on the current market condition. The system typically allows orders to stay open for 1-4 days while setting a take profit level that is reasonable. The stop loss settings are designed to ensure that the robot does not lose any more money than what is specified in the setting, even in the event of an internet loss, system crash, or drawdown. There are two product versions: FXCharger Basic only works with the currency pair EURUSD, while FXCharger MAX works with the pairs EURUSD, AUDUSD, and EURGBP. The MAX version also offers complete control for settings and can be optimized to work with more currency pairs. Note that the system is compatible with any forex broker

Service Cost

FXCharger offers two separate versions with varying prices:

  • FXCharger Basic for $385
  • FXCharger MAX for $495

On the website, the Basic package is displayed beside a graphic with 2/5 battery bars charged. The MAX package has a graphic of a fully charged battery. It seems as though the primary differences revolve around supported currency pairs and that the MAX option offers more customizable settings. Both products come with a 30-day money-back guarantee, free lifetime updates, and 24/7 customer support. 

Conclusion

FXCharger offers a unique automated system with special settings in place to reduce losses. Traders are given the option between a Basic or MAX version of the product, with more currency pairs and advanced settings being benefits on the better version (which costs $110 more). This product is a bit pricey and the number of supported currency pairs is restrictive for the price, although the MAX version can be optimized to work with more pairs. Online, reviews for this product tend to go in both directions.

Some give it a one-star rating and cite losses, while others give 4-5 stars with positive reviews. Once you consider that there is no free trial, purchasing becomes somewhat of a gamble. The best way to reduce your potential losses is to monitor the product initially and to be sure to check the default settings and to ensure that stoploss settings are at accurate levels. 

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Forex Service Review

Universal Expert Advisor: Comprehensive Review

Universal Expert Advisor is a fully automated trading software that was designed to acquire profits while trading on one’s behalf. The software was created by Vasiliy Sokolov and a premium version of the software is also available from the same developer. 

Overview

Universal Expert Advisor is a fully automated EA that can be installed easily enough by beginners, with no need to tamper with the pre-adjusted settings if you’d prefer not to. According to photos on the website, the EA secured profits of more than 7000% over a 9-month period of time while working with an initial deposit of just $300 when it was tested on a live account. Here are a few more of its features:

  • Compatible with the popular MT4 trading platform.
  • Works with the currency pairs EURUSD, GBPJPY, EURJPY, and USDCAD,
  • Searches for trades day and night.
  • Automated stop loss and take profit are used to protect profits.

When it comes to describing the EA’s specifications, the developer provides much more information for the premium version, which leads us to make some speculation about the product’s details. For example, we know this version works with the currency pairs EURUSD, GBPJPY, EURJPY, and USDCAD by looking at screenshots, yet the premium version seems to work with all currency pairs. It’s also unclear whether this version works with mini, micro, and standard-sized lots as we see with the premium version or if it is more limited. Overall, there don’t seem to be many differences between this EA and the premium version.

Service Cost

Universal Expert Advisor requires a slim $300 deposit, making it an affordable choice for many beginners. In addition to making the initial deposit, traders will need to pay €300 (roughly $354 USD) to acquire the rights to use the software. This appears to be a lifetime license with demo access; however, the website is rather vague when it comes to describing the number of downloads allowed and other specifics related to purchasing the EA. This does leave us wondering as to why the prices are the same for both the regular and premium versions. Any trader that purchases the software will also have access to free customer support. 

Conclusion 

Universal Expert Advisor offers fully automated trading and can be used easily enough by beginners. It is also useful enough to be purchased by more experienced traders looking for a hands-free experience, with no need to adjust settings and no complicated installation to worry about. When compared to the premium version, the cost is the same, but fewer details are provided for this version. Surprisingly, the developer provides much more history and proof of the 7000% profit earnings from this version as compared to the premium version of the software.

To sum things up, we do wish that more specific details were provided for this version, such as the exact currency pairs it works with and etc. and it would be nice to see some user reviews online. Still, the developer does provide a good amount of history dating over 9 months, which proves that this EA is both profitable and efficient.

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Forex Service Review

Vader Forex Robot EA Review

Vader Forex Robot is the name of a Forex Expert Advisor or an automatic trading robot that is developed by Forexrobottrader.com. Some reviews talk about this robot as a scam, let’s check it out.

What are Forex Signals or Indicators?

Many Forex indicators are developed to give traders trading signals that are more or less accurate as well as consistent. With a sound indicator system, traders can spend less time monitoring the market.

Traders receive expert advice from these robots, which is why they are called Expert Advisors (EAS). Indicator suppliers sell Expert Advisors. It is prevalent for an EA Forex provider or a trading signal provider to start with claims that you are going to become a rich man. This is because many traders look for the easiest way to trade effectively and make more profit.

But traders have to be careful to believe everything that is said in the business environment. There’s always someone who’s meant to cheat and take your money. It is very necessary to take into account what is offered, and the evidence that they give us, in order to try to discover a good EA.

Vader Forex’s EA says it is “unstoppable” on its website. Many incredible features are said about this EA. Vader Forex Robot is defined as “powerful, intelligent and highly accurate.

It is also commented on their website that they promise very high performance, with proof of their performance over the years. Trading is entirely automatic, and traders do not have to worry about trading. Impressive numbers are published on its website to attract customers. Sellers are popular in the Forex market as well, presenting the product with a certain degree of legitimacy.

How the Vader Forex Robot Works

Vader Forex Robot is said to use Fibonacci’s daily levels as a tool to find good trades. Cutting a chart into small pieces to discover predictable trades. Vader Forex Robot runs a new software called Gryphon Trading Engine 3, which has more than 30 new features, updates, and enhancements.

There are also signs of oversold and oversold. This feature is about negotiating prices as they move away from the middle zone and have to return to it. A default optimized setting for more than 20 currency pairs is available, and no adjustments are required. The chats can be downloaded so that the trader can do ex-post analysis.

Detecting trend changes is another of the robot’s capabilities, and you can combine this function with Fibonacci levels. Automatic Stop Loss and Take Profit levels are set using a smart algorithm based on Fibonacci and momentum levels.

Robot Price, Reviews, and Support

Today, traders are offered a 50% discount, so the Vader Forex Robot EA now costs 99 USD instead of the usual 199 USD.

On the Vader Forex website, we found positive feedback; however, we preferred to find out more on third-party websites. After reviewing several sites, most reviews are negative, especially the most recent ones. This is somewhat discouraging and causes the image of the company to be damaged.

Also, when we want to know the results, many are posted on the website, but there is no information about them on verifiable third party websites. This is another negative point for this robot.

To access customer service, customers must subscribe to the Newsletter, so that they can obtain information on a regular basis.

Conclusion

The price of the Vader Forex Robot is quite competitive, and the company provides some details about the strategy used. However, the multitude of negative reviews spoils the image of Vader Forex Robot. The absence of verified results is something necessary for the purchase decision of any trader, and we do not know this fact of Vader Forex.

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Forex Service Review

Trend Prediction i-Regression Channel Indicator Review

Trend Prediction is an indicator created in September 2015 by developer Hoang Ngoc Thach. The indicator is based on the detection of linear regression channels, which are a well-known chartist figure and often used by beginner traders.

The linear regression channel consists of two parallel lines located at the same distance from the linear regression trend line. The distance between the channel edges and the regression line is equal to the value of the highest deviation from the nearby regression line price.

  • grade – degree of regression, changes from 1 to 61;
  • kstd – regression channel width;
  • bars – here are detailed the number of bars for the calculation of the channel;
  • shift – the horizontal change of channel into bars.

Trend Prediction uses the Quinn Fernandez algorithm to find harmonic frequencies. It adjusts to the harmonics of the trigonometric series one by one until the specified total number of harmonics H is reached. After installing a new harmonic, the coded algorithm calculates the residue between the updated model and the actual values and adjusts a new harmonic to the residue.

The indicator has the following input parameters:

  • Npast – number of bars passed, to which the trigonometric series is adjusted;
  • Nfut – number of planned future bars;
  • Nharm – total number of harmonics in the model;
  • Freq tol – tolerance of frequency calculations.

The indicator shows two curves: the blue curve indicates modeled past values and the red curve indicates modeled future values.

It has an alert configuration function: Send an email, send a notification to Metatrader 4 mobile terminal, Pop-up alert when the price touches the top or bottom line, and you can perform a trade.

  • Send mail mode: Send email.
  • Send notification mode: Send Notification.
  • Alert mode: Emerging alert.

In summary, we are talking about a straightforward trend indicator based on the trend channels and the calculation by the indicator of the breaks of that channel to know the opportunities to make a good trade. As always, we recommend the use of several indicators so that the signals of several of them give us a much more secure input signal.

We consider that Trend Prediction is a suitable indicator for beginner traders, due to its simplicity of use and its easy understanding. In addition, the comments we have found, made by real users of this indicator, are quite positive, so we think it is a useful and reliable indicator.

There is a free demo version to familiarize yourself with this indicator, but if you want to buy it, you can do it in the MQL Market Indicators section at a price of 59 USD.

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Forex Service Review

Forex Gump Expert Advisor Review

Forex Gump EA is a professional trading robot that was created by an undisclosed individual or company with the goal of bringing in automatic profits for any trader that purchases the software. 

Overview

Forex Gump EA automatically places trades on your trading account every day using a News Filter and candle. It offers a low, medium, and high-risk preference setting, which can really affect your risk tolerance and profits. The robot also uses a different take profit setting on every trade in order to find the best option based on the current market. These details help to provide better results. Here are some important facts about the robot: 

  • Works with 9 currency pairs: AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY
  • Works on the M1 timeframe 
  • Monitors trends, prices, and news
  • Compatible with the MetaTrader 4 (MT4) platform
  • Trading preference can be set to high, medium, or low risk
  • The Expert Advisor uses a unique take profit order for every single trade which is adjusted according to the market’s current setup

According to the developer, the robot was able to profit more than 1000% in just one year. The developer attributes some of the software’s success to the fact this the robot does not fall victim to human emotions and that it never sleeps, although these facts are true for any Expert Advisor. 

Service Cost

Forex Gump EA requires a hefty deposit of $4,000 on a regular account, with a smaller option of a $40 deposit on a micro/cent account. Two versions of the EA are available, both offer a 30-day money-back guarantee, free updates, and 24/7 support. The cheaper option costs $199 and works on one live account while allowing one demo account. The second version works on three live accounts and allows for an unlimited number of demo accounts for $200 more. This appears to be for a lifetime license; however, the website does not state this outright. 

Conclusion 

Forex Gump EA is advertised as a profitable Expert Advisor that can be used by both beginners and professional traders with the potential to make more than 1000% in profits per year. The software works with several different currency pairs on the M1 timeframe while using adjusted settings for every take profit level and allowing users to choose their preferred risk level from high, medium, or low-risk choices. While it is difficult to find user reviews online, you will find several other reviews that have tested the product and posted their results online. This shows that others have in fact managed to turn a profit using this system, proving that Forex Gump EA is a profitable system that is likely worth its $199-$399 price tag.

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Forex Service Review

PZ Lopez Trend Indicator Review

PZ Lopez Trend is an indicator that was created in December 2013 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions. This creator has developed for the MQL market several trading tools, both paid and free.

This indicator follows the market trend fairly reliably, ignoring sudden fluctuations and market noise. It has been designed to trade trends in smaller intraday strategies and time frames (M1, M5, M15, and M30). His profit ratio is about 85%.

Main Features of the PZ Lopez Trend Indicator
  • It’s an incredibly easy tool to negotiate.
  • Its basic principle is to find situations of oversold or oversold.
  • It is prepared for noise-free trade at all times.
  • Avoid being whipped in intraday letters.
  • The indicator analyses its own quality and performance.
  • Implements a dashboard of several times.

The indicator is suitable for low-term trading, as it ignores sudden price increases or corrections by reducing market noise around an average price. The indicator does not need any optimization, as it is already optimized after multiple upgrades. It implements a multi-time dashboard. Implement email alerts – sound – push. The indicator is no painting and no repainting.

This indicator implements a trend tracking orientation suitable for small time frames that can penetrate very long trends in higher time frames, amplifying their gains.

Anatomy of PZ Lopez Trend indicator

This indicator shows a color line surrounded by a price band. The color line is the average price of security, and the price band represents the levels of oversold and oversold. If the average price is blue you should be looking for long trades (buyers) when the market is not overbought, and if the average price is red, you should be looking for short trades (sellers) when the market is not oversold.

A change in trend in the indicator is not a signal to negotiate or close opposing transactions immediately. The bands are used for this, for synchronization.

Technical Information:

  • The indicator evaluates each bar, not each tick.
  • The indicator has only one dropdown parameter with four possible values.
  • Implement visual, audio, email, and push alerts.
Conclusion

In short, we are talking about an EA that works by looking for trends, but with filters to avoid market noise and sudden price fluctuations. It works on all time frames, although its behavior is better in intraday operating time frames.

We have detected that the robot does not have good ratings from the users, so we cannot recommend this EA, due to this and the lack of a little more detailed information about the robot.

This robot is for sale on the MQL market at a price of 149 USD. You can also rent 1 month for 49 USD and 3 months for 99 USD. It is advisable to download the demo version available for free in order to know the behavior of this EA better and to be able to make a purchase decision or not.

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Forex Service Review

Fibo Heart Expert Advisor Review

Fibo Heart Expert Advisor is a tool that was created in May 2019 by developer Mohd Khairol Amin Ramli. This tool is designed for traders who want to place a pending order automatically, make profits, and stop losses. In this review, we’ll outline exactly what this Forex EA will potentially do for you.

The Fibo Heart EA strategy will put the boundary order after the checkpoint break. The position will be activated when the price makes a successful test. If not, the pending order will be automatically deleted after the price reached a certain level. You also have the option to enable market order (instant execution) and take personalized benefit in setting up entries. This EA must be connected to the Fibo Heart Indicator to work properly. The Fibo Heart Indicator can be found in the MQL market indicators section.

How to Use the Fibo Heart Expert Advisor

Attach Fibo Heart Indi (automatic fib indicator) to your chart. Fibo Heart Expert Advisor will automatically place your order, set the stop loss, and take profit on the fib level. This EA will not open commands if there is no Fibo Indicator on your chart.

Fibo Heart Expert Advisor input parameters:

-You can modify the tickets according to your trade.

-Lot size: Your order volume, default = 0.01.

-Follow the trend: This is for order mode either Normal (Buy & Sell), Buy Only or Sell Only. You can use these options to follow the trend for your order.

Instant Execution

-Enable market order: Option if you want instant EA execution enabled at market price, default = false.

-Market order tp: This is to take profit by market order if enabled, by default = Custom.

Custom Take Benefit

-Custom tp: You can set how many pips for profit. You can use for all orders (pending or instant), default = 5.

https://youtu.be/lv1SldWhWcM

Stop Loss

-Stop loss: Set your stop loss, default = true.

-Stop loss pips: You can set how many pips for your stop loss. Count from the monitor trading level, default = 50.

Auto Delete Pending Order

-Delete po tp1: Automatically set to delete the pending inactive command if the price reaches level TP 1, default = false.

-Delete po tp2: Automatically set to delete the pending inactive command if the price reaches level TP 2, default = false.

-Delete po tp3: Automatically set to delete the pending inactive command if the price reaches level TP 3, default = false.

-Delete po new fibo: Automatically set to delete the pending inactivated order if the flag draws new fibo, default = true.

Conclusion

In short, this is a tool for traders who want to base their operations on pending orders. Fibo Heart Expert Advisor works with the setbacks of Fibonacci, a tool widely used by traders. If you are a trader without experience in the markets, you cannot be familiar with Fibo setbacks, our advice is to study how they work before you try this EA.

We have not been able to see comments about the functioning of this EA, we understand that there are many Fibo-based EAs that are much simpler than this and more tested by the MQL user community.

Before purchasing, we advise you to download the demo version of this tool. We do not believe it is a valid EA for all traders, but for those who trade long-term with outstanding orders on long trends.

This EA is available on the MQL market at a price of 50 USD, and you can also rent it for 10 USD per month.

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Forex Service Review

Pin Bar Indicator (Free Version) Review

Pin Bar Indicator Free is a free indicator created in March 2019 by developer Luca Pulito. The MT4 Pin Bar Indicator Free identifies Pin Bars, and will even give you sound or email alerts if you want them. The pin bars are based purely on the price action reflected by the candle formations created by the Forex price movements.

The main parameters of the Pin Bar Indicator are:

  • The maximum permitted body/length ratio for nose bar.
  • The body of the nose should be the position on the top of the nose bar.
  • Left eye bar should be bearish for the bullish Pinbar, bullish for the bassist Pinbar.
  • Nose bar should be in the same direction as the pattern itself.
  • It indicates that the body of the nose must be inside the body of the left eye.
  • The minimum size of the body of the left eye in relation to the length of the bar.
  • Minimal protrusion of the nose bar relative to the length of the bar.
  • Maximum size of the body of the nose in relation to the body of the left eye.
  • The minimum length of the nose relative to the length of the left eye.
  • Minimum depth of the left eye relative to its length. Depth is the length of the part of the bar behind the nose.

How to use the Pin Bar Indicator

The best way to use the pin bar pattern as an indicator of early investment in conjunction with support/resistance or relative maximum or minimum. The pin bar should be used to identify a strong supply/demand zone. It is best to use the pin bar in M15 or higher time frames (M30, H1, or H4). Avoid trading on any pin bar if not in conjunction with support/ resistance.

The stop loss is placed 10 to 15 pips above the pin bar. To take advantage of a final stop can be used as this type of pattern can identify long movements. Transfer pairs like EUR/USD or USD/JPY are generally a good choice for the pin bar pattern.

In short, we are talking about a very simple and easy to understand indicator, which can be suitable for all types of traders, even beginners. This would be a tool to be combined with other indicators and thus try to have better-filtered inputs and outputs.

Despite being a free tool, we can see that its users, in general, convey very positive opinions of this indicator, and even the developer himself is very active in the comments giving advice and answering all the doubts and questions that any user asks him. As a free indicator, it can be downloaded and tested directly.

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Forex Service Review

FireworX Evolution Forex EA Review

FireworX Evolution EA is a robot created in April 2020 by German developer Michael Martens. Fireworx uses ideas from Random Walk and Mean Reversion Money Market Focus. The EA was developed in 2019 and an expanded version of professionally managed real money accounts has been used since the beginning of 2020. The available version is equally suitable for cost-effective use and has a wide range of comfort and safety features. A range of information clearly shows all major performance data on icons and portfolios.

Adjustment characteristics and parameters:

  • Magic number: Used to corroborate EA and its operations (portfolio).
  • Take Profit Pips: first trade races.
  • Beast Mode Multiplier: Increases package wins with multiple games.
  • Use Silent Mode: sends TP to the server when false (Standard: true).

FireworX EA Settings

-Read Portfolio File (Komfortfeature): Read the objectives of the text file portfolio

-Max Spread for Hedge Exit: maximum differential allowed to exit a locked position.

-Dynamic filters (safety features): prevents re-use in certain market situations.

-Max Trades L/S, 1st Step, 1st Multi, 2nd Step, 2nd Multi: Parameters for the management of subsequent stages.

-Increase Lots: dynamic increase of the reference value in the later phases (true/false).

-Use Target Trailer: Trailer Trailing Stop to ensure an elemental position (true/false).

-Use Tick Mode: if “true” it is possible to trade with each tick.

Important Observations

The predefined parameters already give good results. The recommended minimum account size for these parameters (maximum 9 operations, start 0.01 = dynamic reference value) is EUR 30,000/CHF/USD for a marketed symbol (for example, EURCAD). All (main) markets are tradable and a spread of less than 4 PIP (default value) is recommended. Currently in demo account testing, 24 different coin pairs with two different sets.

In conclusion, it seems that we are dealing with a quite professional robot, or at least the developer makes us understand that its main use was designed for portfolio management and has now developed this EA for use in private accounts. In presenting this EA, the creator provides several screenshots with alleged benefits gained from managing this EA but does not provide an audited real account which is what would be desirable, and more knowing that this system has already been used previously for the management of foreign capital.

It is advisable to download the demo version to see how this EA works and see its results before renting this EA because it is not available for sale. The rental price of Fireworx Evolution EA is USD 179 per month, certainly a major investment that will not be available to many, and that will require a fairly large balance account to make it profitable to use.

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Forex Service Review

SPD HighLow Expert Advisor Review

SPD Highlow Pro EA is an automated system created in February 2018 by developer Paranchai Tensit. The Expert Advisor is based on the technical analysis of low-intensity candlesticks. This technique can be used to take advantage of the volatility of trade in all time frames of trade and also in oscillating trade.

SPD Highlow Pro EA compares today’s bar to yesterday’s. If today’s maximum is higher than yesterday’s and today’s minimum is higher than yesterday’s, that indicates a buying signal. But on the other hand, if it turns out the other way around, it’ll be a selling signal.

This automated system is used to add Average to range (ATR), Standard deviation (STD), and Average daily range (ADR), with these indicators is intended to achieve a filter for trading signals. These functions are used to calculate the loss recovery area using two methods, a dynamic method, and a fixed method.

The main features of SPD Highlow Pro EA are:

-This Expert Advisor works on any currency pair and time period. Although the developed comments that in M15 is where it has had the best results.

-This system uses the recovery zone algorithm.

-Use dynamic or fixed pending commands.

-A minimum initial deposit of 1000 USD + Minimum batches = 0.01 (micro lots) is recommended.

-Use only five-digit accounts.

-Use of real tick data in backtesting with 99.9% modeling quality.

It is recommended to use a low latency ECN broker and adjusted spreads to ensure that orders are executed quickly and that trades costs are kept to a minimum.

Some of its main parameters are:

  • MagicNumber – magic number to set the ID for each EA
  • Lots – initial lot size
  • UseLotsize – set as Auto_Lots or Fixed_Lots
  • Multiplier – previous lot size will be multiplied
  • Risk – set the percentage of risk
  • Slippage – slippage size
  • Auto_Trade – set as default
  • UseRecoveryGap – set as Dynamic_Gap or Fixed_Gap
  • Gap – recovery zone, pips
  • UseDynamicMethod – set as ATR, STD, or ADR method

In short, we are talking about an EA based mainly on the study of Japanese candles and their market behavior. It is necessary that the trader knows the interpretation of the main formations of candles in order to understand well the mechanism of this EA.

Although the EA has been on the market for some time, there are no user ratings that can help us to understand the behavior of this tool better, as the developer has not provided its performance in an audited real account, as it should be in all automated systems.

The robot is for sale on the MQL market at a price of 30 USD. It can also be rented for one month at the price of 12.50 USD, and of course, it has a free demo version to get to know and test the tool before deciding to buy it.

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Forex Service Review

PZ Fractal Channel MT4 Indicator Review

PZ Fractal Channel MT4 is an indicator created in August 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator with years of experience in the markets, software engineer, and founder of Point Zero Trading Solutions. It is a very active creator of products for the MQL community and has several free and paid tools.

PZ Fractal Channel MT4 is a very simple but very effective indicator for trading breakdowns of variable fractal periods. A fractal is a price formation within an odd number of bars, finding in the middle bar the higher or lower price pivot of the formation. These prices are as short-term support as well as resistance levels, which PZ Fractal Channel uses to form a pricing channel and teach the shoots.

Some features of this indicator are:

  • Easy to use and easy to understand.
  • Fractal shoots can start long tendencies.
  • The fractal channel is a great stopping method.
  • It’s no painting and no repainting.
  • Implements alerts of all types, email, Smartphone, and PC.
  • Customizable colors and sizes.

The developer says that if we consider higher periods, this will lead to more reliable outbreaks, although these types of signals will appear less frequently. This indicator must be confirmed by a higher time-frame analysis. In general, you will want to increase the fractal period for shorter periods and reduce it for longer periods.

PZ Fractal Channel MT4 input parameters:

-Period: Number of bars from which fractals are calculated. It must always be an odd number.

-Shoots: Activate or deactivate the shoots.

-Colors: Customize arrow colors and size.

-Alerts: Enable or disable alerts of all types.

In short, we are talking about an indicator that takes into account the price movements in a given time-space in which fractals are calculated. Less experienced traders may not be familiar with fractals, so we advise you to study their performance beforehand so you can understand how this indicator works.

There are no previous comments or experiences with this indicator, there are no users who have advised or counted their experience with it. In any case, we are certainly talking about an ancillary indicator to others that we already have, because in itself it is not a reliable trading system. We always recommend using 3 or more indicators to calculate market inputs or outputs better.

PZ Fractal Channel MT4 is for sale on the MQL market at a price of 30 USD, not being available the rent, but the free demo version that will serve us to know the indicator, it’s functioning better, and assess if it brings us anything to our trading style.