Category: Forex Service Review

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Forex Service Review

Loodle Forex EA Review

Loodle EA is a Forex trading robot created in April 2020 by developer Raphael Schwiet. Loodle is a high-quality automated consultant who is fully optimized for the future market at EURUSD M15. It is specially designed for the latest market situations. It’s working with its own complex algorithm combined with some indicators to get entry […]

Loodle EA is a Forex trading robot created in April 2020 by developer Raphael Schwiet. Loodle is a high-quality automated consultant who is fully optimized for the future market at EURUSD M15. It is specially designed for the latest market situations. It’s working with its own complex algorithm combined with some indicators to get entry […]

Loodle EA is a Forex trading robot created in April 2020 by developer Raphael Schwiet. Loodle is a high-quality automated consultant who is fully optimized for the future market at EURUSD M15. It is specially designed for the latest market situations.

It’s working with its own complex algorithm combined with some indicators to get entry and exit opportunities. The entry and exit logic only works in Bar Close. This filters out market noise, dramatically accelerates optimizations, prevents hunting for loss of stop, and ensures proper operation in any runner with a reasonable length.

Loodle EA uses an advanced algorithm to find entry points as well as several additional filters to enter and exit the market. The EA was tested with historical data with exceptional results. The tests were performed with the actual tick date with 99.90% accuracy, actual propagation, additional slip, and high commission.

Loodle EA Characteristics

*Does not use toxic or dangerous strategies such as martingale, arbitrage, tick picking, no… curve adjustment, etc.

*5 years 99% test quality with 1 lot size.

*Backtest Method Faster with Model: Open Prices Only (Input and Output Logic Works in Closing Bar)

*There is no need for optimization.

*Optional TP /SL Basket function for daily earnings.

*When TP or SL Basket came to stop trading for the rest of the day and start the next day a new session.

*Best optimized for real market situations.

Service Recommendations

*Works best with 4-5 digit brokers.

*Propagation filter.

*Equity Stop.

*Protection of reduction.

*Take profit Basket Function.

*Stop-loss basket function.

*Stop trading the Rest of the day TP/SL Basket Reached.

*Quick buttons for closing open orders (Close all, Close profit, Close loss, Close buys, Close sells).

*Info panel with EA information.

*5 Types of Money Management (Fixed Lot, Percentage, Geometric, Proportional, Balanced).

*Negotiating times are adjustable.

*Advanced algorithm to get in and out of the market.

Functionality

Deadline: M15 (It is not recommended to use other deadlines for this robot, as they can only compromise the accuracy of operations.)

Symbols: EURUSD (This robot is not used in other pairs.)

Other Recommendations

Before using real money, test the advisor with minimal risk in the penny trading account. Use VPS or server with minimal network delays on broker server. Low spreads + low commission + quality execution – this is the main thing when choosing a broker for trading with this EA. Note that account coverage is allowed.

Conclusion

We have already analyzed other tools created by the same developer. In the case of Loodle, we are talking about an EA that works with the EURUSD in M15 time frames and using indicators that the creator does not reveal. And analyzing the rest of the characteristics we see that it is a product like another EA that has in the market MQL and that is called “Eagle EURUSD”.

Being also a product of very recent creation, we do not have comments from users who have already tried the tool and can tell us how their results have been. At this point, and given the little information provided by the developer, the most advisable thing in this EA is to download its demo version and know how it works, familiarize ourselves with its functions and see what results it gets, even if it is in a demo account.

Loodle EA is available on the MQL market at a selling price of 499 USD. There are also rental options, at a price of 199 USD for 3 months, 299 USD for 6 months, and 399 USD for 1 year.

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Forex Service Review

Forex Robotron Trading Robot Review

Forex Robotron is an automated trading robot that works with 5 different currency pairs on the MT4 platform. The most current version of the program, version 28 was released in May of 2020.  Overview Forex Robotron is a fully automated trading system that was designed to automatically trade on the client’s behalf without requiring any […]

Forex Robotron is an automated trading robot that works with 5 different currency pairs on the MT4 platform. The most current version of the program, version 28 was released in May of 2020.  Overview Forex Robotron is a fully automated trading system that was designed to automatically trade on the client’s behalf without requiring any […]

Forex Robotron is an automated trading robot that works with 5 different currency pairs on the MT4 platform. The most current version of the program, version 28 was released in May of 2020. 

Overview

Forex Robotron is a fully automated trading system that was designed to automatically trade on the client’s behalf without requiring any effort on their part. On average, the robot trades around 500 times per year, depending on market conditions. Here are some more facts about the system:

  • Trades with currency pairs EURAUD, EURCAD, EURCHF, EURGBP, USDCAD
  • Compatible with the MetaTrader 4 platform
  • 5-minute timeframe
  • Option to disable trading on weekends
  • Does not use grid, hedging, arbitrage, or martingale
  • Works with US brokers, non-US brokers, and is Islamic friendly 

Like with any robot, results can vary based on your broker’s spreads, liquidity, and slippage. You can view results where developers have tested the robot on the website to get a better look at its success rates and profit percentages. You’ll also notice a chart with monthly gains from 6.63% up to 50.68% for the month of April 2018. 

Service Cost

There are four differently priced packages available for purchasing a lifetime license of the software:

  • Basic $299: 1 Real account license
  • Standard $399: 2 Real account licenses
  • Gold $499: 3 Real account licenses
  • Premium: $999: Unlimited real account licenses

All packages work with each currency pair that is outlined, allow for an unlimited number of demo accounts, lifetime support, lifetime updates, and work on the MT4 platform. The only difference appears to be the number of real accounts that one can open based on the package that has been chosen. Note that refunds are not offered for this product. 

Conclusion

If you’re looking for historical data, then Forex Robotron’s website shouldn’t disappoint. Developers have provided 15 years’ worth of testing results and profit percentage charts on the website in order to prove that the product did give them the results they were looking for. It was tested with real tick data, real variable spreads, and trade commissions of $7 applied in order to provide more accurate results. On the downside, we do wish that developers spent more time explaining how the robot makes trading decisions.

We know what currency pairs it works with and that dangerous strategies are avoided, but more technical information would help support the case that the robot is in fact worth investing in. This isn’t a dealbreaker, but it would be nice to know more about the strategy that is being used. If you decide to buy, you’ll also want to consider how many real accounts you want the robot to trade on, as this seems to be the primary difference between paying for a package that is $299 or $999.

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Forex Service Review

Forex Kore EA Review

Forex Kore EA was created to trade automatically, without requiring any effort on the trader’s behalf by analyzing the past market in order to make decisions about which strategy to use and to predict future market patterns. The company behind the software is somewhat of a mystery and can only be contacted by submitting a […]

Forex Kore EA was created to trade automatically, without requiring any effort on the trader’s behalf by analyzing the past market in order to make decisions about which strategy to use and to predict future market patterns. The company behind the software is somewhat of a mystery and can only be contacted by submitting a […]

Forex Kore EA was created to trade automatically, without requiring any effort on the trader’s behalf by analyzing the past market in order to make decisions about which strategy to use and to predict future market patterns. The company behind the software is somewhat of a mystery and can only be contacted by submitting a ticket from the product’s website. 

Overview

Forex Kore is a fully automated trading robot that uses adaptive market analysis to make predictions about the current market based on past market patterns. This helps the robot decide which type of strategy to use based on the market’s current situation. It is advertised as being “simply the most advanced robot available to the public”, although this statement is more opinion than fact. Here are some of the software’s features:

  • Can trade in multiple (9) currencies simultaneously 
  • Precisely enters and exits trades at the correct price
  • Volume tracker
  • Easy installation
  • Designed to be “self-teaching”
  • Money-management tool helps to minimize risk

The product’s website claims that it was able to turn $5,000 into $384,474 with 7 years of full-time trading. They then go on to post photo evidence to seemingly prove this statement.   

Service Cost

If you open a cent account, you can deposit as little as $50 to get started using this robot. You’ll also need to pay $129 to purchase the trading software through what appears to be a one-time licensing fee. A 60-day money-back guarantee is also featured on the website for clients that are not satisfied with the product.

Conclusion

Forex Kore EA was designed to be 100% fully functioning without requiring any effort on the trader’s behalf. If claims of being the most advanced robot and turning hefty profits are true, then traders won’t have to put in much effort to become successful. The cost is fairly small; however, we were concerned about the information we found online after doing further research. Here are some user reviews:

“Support does not exist, I have three open tickets on their website, none that have a response. The EA traded fine for a while but has now stopped completely and the Experts tab is full of errors.” -fxfatcat

“From my own experience they just won’t reply to your emails once they realize they aren’t going to get more money out of you.” -Joe

As you can see, customer support is not always responsive and has even completely ignored some of its customers. This makes us wonder if Forex Kore EA actually honors its advertised 60-day money-back guarantee, or if support would simply ignore any trader asking for it. We aren’t saying that this is a product to stay away from completely, but don’t trust everything you read on the website, and be sure to keep a close eye on the robot if you choose to buy it.

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Forex Service Review

YFX Wing Patterns Indicator Review

The Wing Patterns indicator will look for many different pattern types using a structure called XABCD. When we speak of “Wing Pattern” we use this term to refer to all kinds of patterns based on a general XABCD structure, which is drawn in an extreme high-low alternative form. In other words, let’s assume that point […]

The Wing Patterns indicator will look for many different pattern types using a structure called XABCD. When we speak of “Wing Pattern” we use this term to refer to all kinds of patterns based on a general XABCD structure, which is drawn in an extreme high-low alternative form. In other words, let’s assume that point […]

The Wing Patterns indicator will look for many different pattern types using a structure called XABCD. When we speak of “Wing Pattern” we use this term to refer to all kinds of patterns based on a general XABCD structure, which is drawn in an extreme high-low alternative form.

In other words, let’s assume that point X starts at a low point in the table. Point A is drawn at the next highest score within a certain number of bars. This specific number of bars is called the depth level. Point B would be drawn at the next lowest point for a particular depth. Following the flow, point C is the next high, and point D is the next low. If we connect these points in a graph, it usually looks like the wings of a butterfly, that’s why we call it “Wing Pattern”.

The harmonious wing pattern strategy will teach you how to negotiate such a pattern and start making money with an exciting new approach to technical analysis. The market strategy of the wing pattern is part of the harmonic pattern trading system. You need to read introductory articles on harmonic patterns as this will give you a better understanding of how to negotiate the wing pattern.

The wing pattern is similar to the Cypher harmonic pattern but follows different Fibonacci relationships. One of the most accurate ways to differentiate a wing structure from a cypher pattern is the B point, which, if it does not go beyond 50% Fibonacci leg XA recoil, then is a wing. Otherwise, it can become a Cypher structure, which is a different indicator.

The market strategy of the wing pattern is suitable for all time frames and for all markets, but we have to take into account that in the lower time frames if we use the wing pattern strategy, we will see how the market comes with its own challenges because the wing pattern has the tendency to appear less frequently in the lower time frames.

Before we dive deeper into the harmonic wing pattern strategy, let’s see what indicators we need to negotiate this strategy successfully. The setback and relations of Fibonacci are at the center of harmonious trade. Thanks to the rapid progress in the field of technical analysis we can find some very useful indicators to really help us plot the harmonic patterns and these Fibonacci ratios.

You can find the harmonic wing pattern indicator in the most popular Forex trading platforms, such as Tradingview and MT4 in the indicators section. Its price is 30 USD, although you can get a free trial version, or if you don’t want to buy it, you can rent it for 3 months at a price of only 10 USD. We recommend this indicator to advanced traders as strategies with harmonic patterns are not easy to understand for a beginner, who should read about this topic to understand it well.

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Forex Service Review

Heiken Ashi on Moving Averages Indicator Review

This indicator, created by Sergey Efimenko in 2015, analyses the price using the Heiken Ashi candle generation principles. However, moving averages (instead of prices) are used as input data. In addition, the result is further softened by the average. Up to 26 types of moving averages can be used to obtain input data. The trading […]

This indicator, created by Sergey Efimenko in 2015, analyses the price using the Heiken Ashi candle generation principles. However, moving averages (instead of prices) are used as input data. In addition, the result is further softened by the average. Up to 26 types of moving averages can be used to obtain input data. The trading […]

This indicator, created by Sergey Efimenko in 2015, analyses the price using the Heiken Ashi candle generation principles. However, moving averages (instead of prices) are used as input data. In addition, the result is further softened by the average. Up to 26 types of moving averages can be used to obtain input data.

The trading system with the indicator Heikin Ashi (HA) allows you to trade in the direction of the trend and should not leave prematurely because HA filters out primarily noise and lower price fluctuations that are not useful. This system uses a chandelier whose direction of movement is the same as what occurs on the market, but there are differences:

1- In the table of price movements, each candlestick contains 4 different prices: the opening price (open), the lowest price (low), the highest price (high), and the closing price (close). Every candle that happens afterward has nothing to do with the previous candle.

2- In the chandelier Heikin Ashi (HA) each candle is calculated on the basis of the quantities of the previous candle, namely: HA opened = (previous open candle HA + previous closed candle) / 2 HA close = (current open candle price + current closed candle price + current highest candle price + current lowest candle price) / 4 HA high results the highest between the highest candle price now, open or closed HA low = the lowest between open or closed. The use of the HA candelabra is the same as the ordinary candelabra.

The Gap prices are also removed to make the reading clearer. Also, all price action rules also apply to HA candlesticks.

  • Time frame: 15 minutes or longer
  • Pairs of currency: Any
  • Single moving average 9

Heiken Ashi Trading Rules with Moving Stockings

Long entrance ticket: When the curve of ema 9 is crossed with ema 18 from the bottom, wait for the rally price above the ema curve. After some time the price movement will pass a correction (scroll down) to cut one or both corners of the indicator ema (A) The purchase signal occurs when the quote rises again at the end of the corrective period, marked with an HA bullish candle (in blue). It can be purchased at market price (market price), with a stop loss to a few pips at the bottom of the lowest entry-level of the candle.

Short entrance ticket: When the indicator curve ema 9 intersects ema 18 from above, wait until the price falls below the ema curve. After some time the movement of the prices will pass a correction (rise) to cut one or both curves of the indicator ema (B) The signal to be able to sell will occur when the price is again bearish at the end of the corrective period, marked with a bearish HA candle, of red color. The sale of the ticket can be made at the market price (market price), with a loss of stop on several pips above the highest entry-level of the sail.

This is one of the many indicators that exist and that Heiken Ashi uses. We cannot offer the consensus of the users because this indicator has no reviews. It is a simple indicator and can be used by beginner traders as a trend indicator. Besides, its price is only 10 USD, and it also offers a free demo version.

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Forex Service Review

Bright Road Indicator Review

Bright Road is an indicator that shows the direction and sustainability of trends, and also shows their possible reversals. The indicator should be used to look for successful entries, performance bottlenecks to minimize risk, and time to exit the executed trades. One of the characteristics is that the indicator is never drawn again. We are […]

Bright Road is an indicator that shows the direction and sustainability of trends, and also shows their possible reversals. The indicator should be used to look for successful entries, performance bottlenecks to minimize risk, and time to exit the executed trades. One of the characteristics is that the indicator is never drawn again. We are […]

Bright Road is an indicator that shows the direction and sustainability of trends, and also shows their possible reversals. The indicator should be used to look for successful entries, performance bottlenecks to minimize risk, and time to exit the executed trades. One of the characteristics is that the indicator is never drawn again. We are talking about a straightforward visual tool to set up for both beginner traders and more experienced traders. Bright Road fits any style of trade.

The indicator is immediately displayed on our screen in an open chandelier with two lines, called Way and Bright. It’s a smooth movement, and it’s drawn like a solid orange line. It also shows the direction of the primary trend and strength. It appears as a line of circles, of red, blue, or yellow colors.

How to Use the Bright Road Indicator

BUY – the BRIGHT line must always be below the price and its color changes to blue.

SELL – the bright-line should always be above the price, and its color changes to red.

REVERSAL – we will see on the screen various yellow circles in a row.

TOP TREND CONFIRMATION – A chandelier opens above the road when a blue circle is below the road.

TREND DOWN CONFIRMATION – A chandelier opens below the road when a red circle is located above the road.

For additional indications, you can use the line intersection – ROAD line crosses the growing BRIGHT line, this means that we are on a long-term trend.

It is recommended to use 2 screens to make the most of this indicator. When your trade is based on the indicator: you have to identify the trend changes in a higher time frame, and then enter the market following the trend in a lower time frame.

Configuration of the Bright Road Indicator

This indicator has only one configurable parameter, which is Depth:

DEPTH – the depth of analysis of historical data. The indicator requires a substantial depth for analysis, at least 30 bars are recommended. Although by default there will be 54 bars.

Warning

Bright Road is a trend indicator and can possibly produce false signals during a long flat and lateral movement or in case of sudden market movements (for example, sliding movements caused by relevant news). This indicator is not, of course, a complete trading system. The developer recommends using it along with other indicators as well as checking the fundamental analysis.

This is one of the many trend indicators that exist in the market. Bright Road has been running since 2016 and yet few users seem to have been encouraged to use it. The indicator can be found in the MQL market where the developer, Maxim Kuznetsov, appears very active in the comments showing the benefits of its indicator.

We believe that there are other indicators on the market that are easier to use and even more comprehensive. Anyway, if you are interested in this indicator, you can buy it in the MQL market for 45 USD, which will give you the right to use it for a year. You also have a free demo to familiarize yourself with the indicator before buying it.

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Forex Service Review

SFE Breakout Expert Advisor Review

The system seeks to break through and take advantage of the short-term trend. We work mainly in the New York session when we usually decide the trend of the day. The EA has a high expectation of pips by trade so that it can be profitable on any type of broker or account. It can […]

The system seeks to break through and take advantage of the short-term trend. We work mainly in the New York session when we usually decide the trend of the day. The EA has a high expectation of pips by trade so that it can be profitable on any type of broker or account. It can […]

The system seeks to break through and take advantage of the short-term trend. We work mainly in the New York session when we usually decide the trend of the day. The EA has a high expectation of pips by trade so that it can be profitable on any type of broker or account. It can be used with large accounts because operations are taken in the hours of more liquidity.

Configuration

This EA is very easy to configure and can be used with the default settings. Only the parameters related to the broker’s GMT (timetable) and the size of the orders should be checked. The EA should be attached in a graph M5. It is recommended to use the EURUSD chart, which is a currency pair with which this robot works best.

If symbol names are not standard on your broker platform, you must update the names in the “Symbol List” parameter. The EA is very undemanding in demand for internet resources; therefore, it can be used with other AE. The symbols must be checked, as we said, in the M5 time frame.

Broker Parameters

-GMT broker. Enter your broker’s GMT compensation in the winter period (no DST).

-If the broker applies DST. Enter ‘yes’ if your broker changes the GMT offset, in the DST period.

https://youtu.be/ontzBBOJbMc

Parameters of Order Size

-Fixed order size. Batch order size. Used if the parameter ‘Balance for every 0.01 Batches’ is zero.

-Auto lot. Balance for every 0.01 Lots. If you set here a value > 0, for example, 1000, the trade size will be 0.01 lots for every 1000 free margin.

-Auto lot. Percentage of balance to consider. Define the portion of the balance of your account to be allocated.

-Auto lot. Min. Virtual balance. Balance used if below this value.

Parameters of Selected Pairs

-Symbol list. The list of pairs to trade. You must use the semicolon (;) character to separate the selected pairs.

Other Parameters

-Gold Multiplier. Multiplier applied to the size of gold operations.

-EUR/USD multiplier. Multiplier applied to the size of EURUSD operations.

-Comment Order. Set the value of the command comment.

This is an EA that has demonstrated positive profitability. Created in 2019, last year achieved a 19.72% profitability, and in the 3 months, we have this year 2020 already accumulates a 13.72% profitability. These are real data taken from an account shown in MQL. The price of this EA is 800 USD, although it can be rented for 40 USD per month.

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Forex Service Review

TIL Timeframe Overlay Indicator Review

TIL Timeframe Overlay is an indicator that was created by Viktor Macariola in 2014. The TIL Timeframe Overlay indicator is the tool that is designed and developed for multi-time analysis. It makes the task simpler but at the same time powerful to overlay a table of candles from several different time frames over another that […]

TIL Timeframe Overlay is an indicator that was created by Viktor Macariola in 2014. The TIL Timeframe Overlay indicator is the tool that is designed and developed for multi-time analysis. It makes the task simpler but at the same time powerful to overlay a table of candles from several different time frames over another that […]

TIL Timeframe Overlay is an indicator that was created by Viktor Macariola in 2014. The TIL Timeframe Overlay indicator is the tool that is designed and developed for multi-time analysis. It makes the task simpler but at the same time powerful to overlay a table of candles from several different time frames over another that allows you to see the bigger picture and see the underlying trend in the midst of noise and volatile price action.

The main features of this indicator are:

The indicator is compatible in all time frames, being able to work in M5, M15, M1h, M4h, and more. It works on any asset market instrument or symbol, be it currency pairs, indices, commodities, or stocks. Further, it displays the entire candlestick (body and wick) of other terms, including open, high, low, and closing prices.

The end-user can choose any time frame to overlap. Of course, the indicator does not repaint. It shows a new candlestick as the new fence (in real-time), depending on the time frame chosen. The colours of the candlesticks can be customized by the user.

A couple of important notes:

-Make sure that the time frame you choose to overlap is greater than the graph you are attaching it to.

-Given the limitations you have on MQL objects, you can only use one instance of this indicator at a time.

-The indicator displays the candles only when the candles have closed.

It seems an interesting indicator, which seems ideal to complement a clear trend indicator. The fact of superimposing chandeliers of several temporary spaces will be very useful to us to make the decision to make a trade or not, a 5-minute candle may give us a purchase and a 4-hour candle provides us with a sale and thus debug the trades we make.

This indicator is available on the MQL market for a price of 97 USD. You can also try it for one month for only 15 USD or try your free demo. We would have liked to have heard user opinions about this indicator, but there are no opinions about it, even though almost 60 people have tried at least the Demo version.

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Forex Service Review

PZ Stretch Indicator Review

The PZ Stretch is a pattern by Toby Crabelprice that represents the movement or deviation of the minimum average price of the open price over a while and is used to calculate two break levels for each trading day. It is calculated by taking the period of 10 GHS of the absolute difference between the […]

The PZ Stretch is a pattern by Toby Crabelprice that represents the movement or deviation of the minimum average price of the open price over a while and is used to calculate two break levels for each trading day. It is calculated by taking the period of 10 GHS of the absolute difference between the […]

The PZ Stretch is a pattern by Toby Crabelprice that represents the movement or deviation of the minimum average price of the open price over a while and is used to calculate two break levels for each trading day. It is calculated by taking the period of 10 GHS of the absolute difference between the open, either high or low, and the smallest difference. This value is used to calculate the break-down thresholds for the current trading session, which are shown in the indicator as two lines.

Arturo Lopez Perez created this indicator in June 2015. This developer of indicators and EA’s is very active in the MQL community, where he has created many systems to help traders trade.

Who is Toby Crabel?

Toby Crabel is a self-made millionaire commodity trader who has avoided having a losing year from 1991 to 2002. Among other achievements, he wrote a major negotiating book entitled Trading Day with Short-Term Price Patterns. Reading this book is highly recommended, before operating with this indicator.

The Range Opening Trading Strategy (ORB)

Using this strategy, the trader places a purchase stop just above the open price plus stretching and a stop just below the open price minus stretching. The first triggered stop between the trade and the other stop becomes the stop of protection.

Crabel’s research shows that the sooner in the negotiation session the entry stop is hit, the more likely it is that trade will be profitable at close. A market movement that starts a trend quickly in the current trading session could add a significant benefit to a trader´s position by closing and should be considered for multi-day trading.

Extending the results of Crabel’s research it is evident that as time passes and we do not fill up early, then the risk increases and becomes prudent to reduce the size of the position during the day. The full trades by the end of the day carry the most significant risk and later on the day the trade is filled, the less likely the trader will want to carry out that trade overnight.

Opening Preference Trading Strategy (ORBP)

An ORBP operation is a unilateral Opening Range Breakout (ORB) operation. If the technical indicators show a strong trend in the same direction, then the trader will have a preference for the direction in which the ORB trade. A signal to open a position shall be placed on the side of the trend only and a protective stop shall be placed at that time.

To calculate where to place the “stop to open” will apply the same criteria as for ORB trading: For the lengths, the price Open plus the Stretch, and for the shorts the price Open minus the Stretch.

Parameters

-The main functional parameters of this indicator are as follows.

-Stretch Timeframe: The term from which the stretch is calculated (the default is D1).

-Stretch period: The period for the SMA used to calculate the stretch (the default value is 10).

-Rolling average period: period used to calculate the average tranche.

-Maximum History bars: Amount of bars passed to evaluate. Decrease to accelerate the indicator.

Despite being an indicator with almost 5 years in the market, it lacks many reviews, but the few that there speak well of the system. The developer makes constant improvements to it. This indicator, friend of the trend too, you can find it in the MQL market for a price of 30 USD, although you have a free demo version to try it out before buying.

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Forex Service Review

FX Sniper Yellow Indicator Review

FX Sniper Yellow is an indicator that can be used exclusively to trade with Forex on your Metatrader trading platform. The main feature of FX Sniper Yellow is that it is able to analyze the behavior of market participants and predict changes in price direction even before the movement begins. Something that seems incredible. Most […]

FX Sniper Yellow is an indicator that can be used exclusively to trade with Forex on your Metatrader trading platform. The main feature of FX Sniper Yellow is that it is able to analyze the behavior of market participants and predict changes in price direction even before the movement begins. Something that seems incredible. Most […]

FX Sniper Yellow is an indicator that can be used exclusively to trade with Forex on your Metatrader trading platform. The main feature of FX Sniper Yellow is that it is able to analyze the behavior of market participants and predict changes in price direction even before the movement begins. Something that seems incredible.

Most indicators are delayed indicators and are quite useless. FX Sniper Yellow is an indicator that promises to anticipate market changes, calling itself a leading Indicator. FX Sniper Yellow displays the arrows in its chart showing the most likely direction of price action. FX Sniper Yellow never repaints and once the candle is closed the signal is confirmed, and the arrow will never disappear.

Indicator Entries

  • Use alerts (true/false): to activate alerts
  • Pops alerts (true/false): to activate popup alerts
  • Email alerts (true/false): to enable email alerts
  • Pushers (true/false): to activate Push Notification alerts
  • Sound alerts (true/false) to activate Sound alerts
  • Soundfile: is the file to be used for sound alerts

The size and color of the arrows can be set manually in the Color tab of the indicator.

Trading Rules

  1. You have to enter the trade at the opening of the next candle in the direction of the signal (SELL/BUY)
  2. Place the stop loss at the top (SELL) or bottom (BUY) of the ATR-based signal or stop candle.
  3. Take reward benefit/ the risk will be 2:1 or 3:1
  4. You can filter the input signals to go with the trend only. Therefore, we recommend using an additional trend indicator to your liking.
  5. Filtering signals with a trend is optional. This is not mandatory.
  6. This indicator can be used with any time frame.
  7. This indicator can be used for trading Forex, binary options, and also raw materials, stocks, futures, etc…

Free Version

You can download the free version of the indicator on the MQL5 market. This free version only works with Metatrader’s Strategy Tester. Or if you want to buy the full version, its price is 197 USD, or 27 USD monthly. You can find it in the MQL market, in the indicators section. Despite being a product that has been in the market for years, we have not found reviews from users who have tried it

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Forex Service Review

TiModel Tendency Indicator Review

The “Thymus Trend” indicator is a ready-to-use semi-automatic trading system. This is one of the many trend indicators that exist in the market. The developer Egor Manakhov, very active in the comments of MQL5, offers a demo version, so you can know the indicator before buying it. The price of this indicator in the MQL […]

The “Thymus Trend” indicator is a ready-to-use semi-automatic trading system. This is one of the many trend indicators that exist in the market. The developer Egor Manakhov, very active in the comments of MQL5, offers a demo version, so you can know the indicator before buying it. The price of this indicator in the MQL […]

The “Thymus Trend” indicator is a ready-to-use semi-automatic trading system. This is one of the many trend indicators that exist in the market. The developer Egor Manakhov, very active in the comments of MQL5, offers a demo version, so you can know the indicator before buying it. The price of this indicator in the MQL market is 30 USD.

Main Features

  • Considers changes in the market
  • Only one input parameter
  • A pattern recognition algorithm is used
  • “Objective” and “supporting” levels of trends are calculated
  • The intensity of the trend is calculated
  • Comments on the terms of trade
  • Contains a separate information menu
  • Offers a good color scheme
  • Works in all markets and on all instruments

The Strategy of TiModel Tendency

This indicator recognizes the “Reversal-Impulse-Correction” pattern. In terms of support levels, these are calculated and fixed on the basis of the “Reversal” and “Correction” analysis. Target levels are calculated and set on the basis of the “Momentum” analysis.

Principle of Operation

As we have said, the indicator recognizes the “Reverse-Impulse-Correction” pattern. In the strategy, this pattern will be the starting point for trend formation. Then the indicator draws the trend as continuous dashed lines, shows “support” lines, and “target” lines. The indicator follows the evolution of the primary trend, reflecting the dynamics and drawing new lines and levels. The Indicator Information menu shows which trends are present in the market at present, and the force of the momentum of the corresponding trend, as well as its current state.

Other Parameters

  • Sample length, bars – length of historical data (sample)
  • Language (1 – Russian, 0 – English)
  • Scale low 0 high 1 – scale information menu (1 – large, 0 – small)

In conclusion, and in the absence of comments from users, who can tell us how their experience has been using this indicator, It seems quite complete and could be one of the trend indicators to take into account in order to start us in the world of advanced indicators for our trading platform.

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Forex Service Review

Alligator Trader Professional Trading Robot Review

Alligator Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoaei. Alligator Trader is a fully automatic expert trade consultant. This robot has been designed specifically for trading with the USDJPY currency pair. In the tests carried out by the creator, it has been concluded that the time frame in which […]

Alligator Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoaei. Alligator Trader is a fully automatic expert trade consultant. This robot has been designed specifically for trading with the USDJPY currency pair. In the tests carried out by the creator, it has been concluded that the time frame in which […]

Alligator Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoaei. Alligator Trader is a fully automatic expert trade consultant. This robot has been designed specifically for trading with the USDJPY currency pair. In the tests carried out by the creator, it has been concluded that the time frame in which this EA performs best is in M30, although it has also had good results in other different time frames.

This EA does not need complicated configuration parameters, as it already comes ready for use in just a few minutes. The expert advisor, after downloading, comes prepared to work with the USDJPY currency pair and an M30 time frame. The user only needs to decide on the choice of lot with which he wants to trade.

Alligator Trader EA has an intelligent algorithm that detects the market trend, in this case, the USDJPY, and filters out the noise generated by the market. The expert will always create commands on the direction of the trend. The input and output commands are given by a combination of two indicators that can be found on any MT4 platform: Crocodile Indicator and Williams Percent Range.

The robot also contains stop loss and take profit, which provides capital security for times when volatility is high, for example, due to news or high impact events. The expert was tested on 1 year of USDJPY historical data. The user can test other currency pairs to check their profitability outside the USDJPY. This expert is optimized for USDJPY. Obviously, each currency pair has its own features. The recommended minimum deposit to start trading with this EA is 500 USD.

The creator recommends, as with any EA, the use of a virtual server or VPS while the advisor is working. If the user has no possibility to have this resource, he will be forced to have his computer turned on 24/7. Having a solid broker is important. Possibly an ECN account with low latency so that market orders can be executed as soon as possible.

In short, we are talking about a quite simple robot, one which the developer based on what works. Specifically, this EA uses 2 combined indicators, the Crocodile Indicator and the Williams Percent Range. Due to its simplicity, this is an EA suitable even for the most novice traders, as is very easy to understand and does not need any additional adjustments as this robot is already configured from the origin by the author.

As it is a newly created tool, it does not yet have comments from other users that give us an idea of how it has turned out to work. It is advisable to wait a while to see how this robot develops and if the results are good, we can consider using it. Either way, it has a demo version where we can test the robot and put it into operation, both with the currency pair commented by the author, USDJPY and with other currency pairs.

If you are interested in this tool and want to buy it, it is available on the MQL market at a price of 75 USD and is also available for rent at a price of 10 USD for 3 months of use.

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Forex Service Review

Alpha Z Accounts Monitoring EA Review

Alpha Z is an expert consultant that was created in April 2020 by developer Juan Perez Pereira. Alpha Z is not a mere expert advisor. This automated system is the combination of a perfectly combined set of business strategies that complement one goal: diversify and win. Many business strategies do not always have good results […]

Alpha Z is an expert consultant that was created in April 2020 by developer Juan Perez Pereira. Alpha Z is not a mere expert advisor. This automated system is the combination of a perfectly combined set of business strategies that complement one goal: diversify and win. Many business strategies do not always have good results […]

Alpha Z is an expert consultant that was created in April 2020 by developer Juan Perez Pereira. Alpha Z is not a mere expert advisor. This automated system is the combination of a perfectly combined set of business strategies that complement one goal: diversify and win.

Many business strategies do not always have good results on their own, and often the combination of several of them can become a winning system. Alpha Z implements a set of powerful combined strategies that counteract the reduction periods of each of them. Thanks to this confluence of strategies, the risk is minimized, seeking higher profits continuously with exponential growth of profitability. All this good result is achieved without implementing any toxic and dangerous system like martingale, grid systems, etc.

What You Should Know about Alpha Z

Keep in mind that Alpha Z is not just a trading strategy, it is a number of strategies, and they all work simultaneously and independently. This implies that there may be different open trades at the same time, even in the opposite direction. This is just each of their strategies working independently and, at the same time, they are complementary to each other. All operations will always have Stop Loss and Take Profit, and will be managed by Alpha Z

https://youtu.be/Yuk0eBcdT18

Alpha Z Recommendations

-The time frame to use with this automated system is H4.

-The best results have been observed with the EUR/USD currency pair.

-As with any EA, the use of a VPS or virtual server is highly recommended. If you do not have VPS, you will need to have your computer on 24/7.

-The broker with whom you have your account must have 5-digit quotes, and the account must be ECN. It is also important that the broker has low latency so that transactions are executed as quickly as possible.

-Stop Loss and Take Profit are always used and automatically placed when a purchase or sale order is executed.

-This strategy does not use toxic strategies, such as Martingale, without scalping, without coverage, or grid systems, etc.

Account management with Alpha Z

Depending on the investor profile of each user, we can make a larger or smaller deposit, according to our risk aversion.

  • In AGGRESSIVE mode, the minimum capital is 100 USD.
  • In NORMAL mode, the minimum capital is 500 USD.
  • In CONSERVATOR mode, the minimum capital is 1000 USD.
  • In ULTRA CONSERVATOR mode, the minimum capital is 2000 USD.

In short, we are talking about an EA of which the developer barely gives us details of how it works. We only know that it combines several strategies and that they all act independently and in a complementary manner.

Despite being a tool that has very little time on the market, it already accumulates several positive reviews from users who are very satisfied with the functioning of Alpha Z. We have not found negative comments.

One of the best options is to download the free demo version to test this EA and see the results it offers for ourselves. In case you want to purchase this robot, its price in the MQL market is 999 USD, an important investment, and that will not be within reach of all pockets. It is also possible to rent it for one month at a price of 80 USD or 6 months for 390 USD.

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Forex Service Review

News Scope EA Pro Review

News Scope EA PRO is an automated system that was created in February 2020 by developer Lachezar Krastev. News Scope EA PRO is based on a highly efficient and potentially profitable strategy for high-impact news trading. Normally, when a relevant news event is broadcast, the price moves in one, or both directions and this creates […]

News Scope EA PRO is an automated system that was created in February 2020 by developer Lachezar Krastev. News Scope EA PRO is based on a highly efficient and potentially profitable strategy for high-impact news trading. Normally, when a relevant news event is broadcast, the price moves in one, or both directions and this creates […]

News Scope EA PRO is an automated system that was created in February 2020 by developer Lachezar Krastev. News Scope EA PRO is based on a highly efficient and potentially profitable strategy for high-impact news trading.

Normally, when a relevant news event is broadcast, the price moves in one, or both directions and this creates an opportunity for scalping in the short term. If the extent of price movement is significant enough, the cold trader earns 20, or in some cases even more than 100 pips in a few seconds. Of course, nothing is perfect and liquidity problems at a time of such high volatility could lead to increased spread, delayed implementation, and slippage. In recent years, however, the conditions of brokers are continually improving and the spread of the most important news is better than ever. This creates an excellent opportunity for relevant news trading.

News Scope Features of EA PRO

  • Semi-automated and fully automated modes.
  • Precise time and news detection filters included.
  • High propagation detection filter.
  • Single or multiple cascade command modes.
  • Go out for a final stop, or recoil detection.
  • NFP and FOMC trading modes.
  • Support for multiple currency pairs.
  • The only option for longs and shorts.
  • Customized time management function.

If you are a trader who likes news trading, News Scope EA PRO can be a good tool for you. The recommended time frame is M1. The recommended currency pairs are EURUSD, USDJPY, USDCAD, AUDUSD, and GBPUSD.

The developer has performed REAL TICK data optimizations and 99.90% real quality variable differential testing for various currency pairs. It has also used two independent Dukascopy and Alpari ECN Pro data sources.

The developer comments that it is important to use “News Scope EA PRO” only on well-known and reputable ECN brokers. If you repeatedly notice unusual spread increase, too high slide, or run delay, you should not use News Scope EA PRO on this broker.

Configuration News Scope EA PRO

  • Fixed lots – fixed trading volume (works if Automm=0).
  • Automm – values greater than 0 (zero) automatically activate ММ (volume traded as a percentage of free margin).
  • General Configuration
  • Slide – maximum slip allowed for the opening position.
  • Max spread – maximum propagation allowed for the opening position.
  • Magic number – It is extremely important to keep this different for all robots.
  • Start trail – value in pips. When trading profit is equal to this value the EA set stops.
  • Trail stop – value in pips. The final stop value.
  • EA comment – text to be added as a comment to each trade opened by News Scope EA PRO.

In short, we are talking about an EA designed to run on the coincidence of high-impact economic news. This robot will detect sudden movements in the price to try to make the most of the upward or downward paths that are produced by the impact of the news.

A very important tool if you use this EA is to know very well the economic calendar and to take into account the news of each day that may have an impact on the different financial assets.

Certainly, this is an EA of very recent creation and at the moment there are no user ratings that have tested it. The best we could do, if you are traders who like to trade with the news is to download the trial version and check its performance with some high impact news, such as NFP, oil inventories, etc.

News Scope EA PRO is available on the MQL market at a price of 117 USD (its launch price was 147 USD, it is currently being promoted). There are no rental options available.

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Forex Service Review

Profile Volumes Market Indicator Review

Profile Volumes Market is an indicator that was created in May 2015 by developer Sergey Zhukov. The Profile volumes market indicator calculates the volume of ticks at each price level in a selected range. Volume is vital for determining the strength and therefore the importance of price levels. The calculation range is established by the […]

Profile Volumes Market is an indicator that was created in May 2015 by developer Sergey Zhukov. The Profile volumes market indicator calculates the volume of ticks at each price level in a selected range. Volume is vital for determining the strength and therefore the importance of price levels. The calculation range is established by the […]

Profile Volumes Market is an indicator that was created in May 2015 by developer Sergey Zhukov. The Profile volumes market indicator calculates the volume of ticks at each price level in a selected range. Volume is vital for determining the strength and therefore the importance of price levels.

The calculation range is established by the trader by scrolling two vertical lines. Thus the indicator allows following of the important levels in the different steps of the formation of the price of the symbol. A histogram of the volume profile can be displayed in the table (or removed from the table) by pressing the “ON” – “OFF” button. When the chart period is changed, the range of calculation of the indicator also changes, which is ideal when estimating the accuracy of the levels in lower time frames. The “||” button limits the calculation of the indicator to the visible area of the current graph. The color of the histogram is determined by the current price position relatively at the maximum level.

The parameters of change and relation allow customizing of the histogram. There are two modes of calculation of indicators. In Modetimer mode, the calculation of the indicator is based on the signal generated by the system’s internal timer, which allows you to work with it even when the market is closed.

In Modetick mode, the indicator is recalculated every minute, allowing you to track current changes in volume and check the operation of the indicator in test mode. The prompt automatically checks for “holes” in the quotation history and selects the smallest time frame with the full history as the basis, while the corresponding information is displayed in the comment.

Inputs from the Profile Volumes Market indicator:

  • Set mode – select indicator calculation mode.
  • Color level non – histogram color if the current price is equal to the maximum.
  • Color level bull – histogram color if the current price is above the maximum volume.
  • Color level bear – histogram color if the current price is below the maximum volume.
  • Color line from – color of the vertical line of the calculation range.
  • Color line to – color of the vertical line at the end of the indicator’s calculation range.
  • Coeff – coefficient of histogram display configuration.
  • Shift bars – the number of bars to move the histogram to the left.
  • Show comment – show the comment if there are “holes” in the dating history of the smallest time frame.

In short, we are talking about an indicator that sets average price levels over a given period of time. This indicator can be useful for all traders trading with the stock price. It is a useful tool to establish the price levels where the volume is concentrated, and that can therefore act as supports or resistors.

The opinions of users who have tried this indicator are quite positive, and this is because they value the tool as useful for their trading systems. On the other hand, Sergey Zhukov, the developer of this indicator, is very active in the forums of the market MQL and helps all users of its tool answering all series of doubts or questions.

This indicator is available on the MQL market at a price of 40 USD. It is not available for rent, but there is a demo version so you can test the tool and see how valuable it can be for your trading style.

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Forex Service Review

Forex King 2 Hedging EA Review

Forex King 2 hedging EA is an automated system created in January 2020 by developer Michael Yu. Forex King 2 EA is the ideal trading EA for novice traders. It is easy to set up. There is no need to install indicators, as everything is integrated into the robot. The number of parameters needed to […]

Forex King 2 hedging EA is an automated system created in January 2020 by developer Michael Yu. Forex King 2 EA is the ideal trading EA for novice traders. It is easy to set up. There is no need to install indicators, as everything is integrated into the robot. The number of parameters needed to […]

Forex King 2 hedging EA is an automated system created in January 2020 by developer Michael Yu. Forex King 2 EA is the ideal trading EA for novice traders. It is easy to set up. There is no need to install indicators, as everything is integrated into the robot. The number of parameters needed to set up the EA is minimal, so you may have the robot running in a few minutes after your purchase. This EA works very well in EURUSD, where it gets the best results. Possible losses will be minimal if you use 0.01 starting batch size.

The fact that Forex King is easy to use and set up doesn’t mean it’s not powerful. It’s a pretty powerful robot. The developer invites users to test the EA in the demo version with 2 assets, Gold (XAUUSD) or EURUSD in the 5-minute table and see the result.

Commercial Strategy

The Expert Advisor identifies the trend based on its built-in logic and the configuration provided by the user. The robot seeks to open the first cycle trade in the right direction of the trend. If the trade is a loss using the network for recovery and all positions will be closed when the total profit exceeds the specified take profit.

Some input variables for Forex King 2 Hedging EA are:

  • Show side panel – shows the information panel on the right side.
  • Color of variables – the color text value of the side panel.
  • Strategy – Select the strategy to use
  • Enable Safe Mode – Enable or Disable Safe Mode Switch
  • Default batch size – Set the default batch size
  • Maximum batch size – set the maximum allowable batch size.
  • Batch Multiplier – The Batch Size Multiplier
  • Dollar Loss $$ – Dollar amount loss to close all open operations
  • Dollar Profit $$ – Dollar profit amount to close all open trades
  • Stop-loss – stop-loss size
  • Take Profit – The Size Of Taking Profit
  • Final stop – the size of the final stop
  • Additional batch – add batch size to each order
  • Stop the next cycle – stop the new trade once the current cycle has closed
  • Manual step – use manual step
  • Step Multiplier – the grid size multiplier
  • Number of candles – How many bars to use to calculate break
  • Price distance-distance added to the current price

Forex King 2 Recommendations

*The assets recommended for trading with this EA are EURUSD, EURCAD, and XAUUSD (gold).

*Recommended time frame: 5 minutes (M5)

*VPS (Virtual Private Server) is recommended or keep your computer on 24/7.

The developer recommends testing this EA on the Demo account for at least 2 weeks to see and understand how the grid system works. By default, the grid system does not use stop loss as it uses the grid for recovery instead. It is very important that you always trade with 0.01 lot as your start volume.

In conclusion, we are talking about a powerful robot, but very simple to use and to understand, even if the creator recommends its use for 2 weeks before starting with real money. It is ideal for all types of merchants and can be purchased on the MQL market at a price of 199 USD. You can also rent 1 month for 150 USD, but it is obviously not profitable to rent it.

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Forex Service Review

Arrow Scalper Indicator Review

Arrow Scalper is an indicator created in May 2019 by developer Evgeny Belyaev. It appears that the developer later made adjustments to the service and re-released it under its new title, Magic Arrow Scalper. Developer Evgeny Belyaev is a professional programmer and a successful trader. Arrow Scalper orders high-probability signals in a trading strategy. The […]

Arrow Scalper is an indicator created in May 2019 by developer Evgeny Belyaev. It appears that the developer later made adjustments to the service and re-released it under its new title, Magic Arrow Scalper. Developer Evgeny Belyaev is a professional programmer and a successful trader. Arrow Scalper orders high-probability signals in a trading strategy. The […]

Arrow Scalper is an indicator created in May 2019 by developer Evgeny Belyaev. It appears that the developer later made adjustments to the service and re-released it under its new title, Magic Arrow Scalper. Developer Evgeny Belyaev is a professional programmer and a successful trader.

Arrow Scalper orders high-probability signals in a trading strategy. The indicator uses a sophisticated filtering algorithm based on the feeling and trend of the market. This algorithm has been successfully tested for years by the developer. The indicator works by displaying arrows in the graphs, indicating a likely reversal of prices.

This indicator is suitable for all traders who use scalping as their trading style, as it can give several signals of purchase or sale in a single day. Arrow Scalper is not repainted. Once the candle is closed, a signal is confirmed and will never disappear. It is possible to set alerts when new arrows are displayed in the chart.

Advantages of Arrow Scalper

  • It generates very few false signals.
  • It is suitable for both beginners and experienced traders.
  • Setting the indicator is very simple and easy to do.
  • Works in all time frames, but operation is optimal in small time frames, M5 or M15.
  • It works on any financial instrument.
  • There’s no paint on this indicator.
  • Sending signals to email and mobile devices.

Symbols recommended by the developer are, USDJPY, USDCAD, USDCHF, CADCHF, and AUDNZD.

Usage Tips for Arrow Scalper

  • Buy sign: the indicator arrow points upwards.
  • Selling signal: the indicator arrow points downwards.

Main parameters:

  • Period – period for the calculation of the indicator (main parameter).
  • Alert – activate/disable alerts.
  • Email – enable/ disable emails.
  • Push – enables/disables sending messages to mobile phones.

In conclusion, we are talking about a simple and easy to understand indicator. This indicator is ideal for beginner traders in the world of indicators but is suitable for all types of traders. We haven’t been able to verify what experience users have with this indicator, as there are no positive or negative assessments.

This indicator is located in the MQL market at a price of 31 USD. You can also rent 1 month for 13 USD or 1 year for 26 USD. Of course, a demo version is available so you can know and test this indicator and find out if it is suitable for your trading system. We will always recommend combining several indicators, to filter the signals of purchase or sale better and obtain the best possible results.

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Forex Service Review

Green Eye Fully Automated Trading Advisor Review

Green Eye EA is an automated system created in April 2010 by developer Aliaksandr Kryvanos. The system is a fully automated professional trading advisor that applies a medium-term trading system. Green Eye EA does not use martingale, grid, averaged, coverage, and is not a scalper. Each operation is protected by a fixed stop-loss. Three strategies […]

Green Eye EA is an automated system created in April 2010 by developer Aliaksandr Kryvanos. The system is a fully automated professional trading advisor that applies a medium-term trading system. Green Eye EA does not use martingale, grid, averaged, coverage, and is not a scalper. Each operation is protected by a fixed stop-loss. Three strategies […]

Green Eye EA is an automated system created in April 2010 by developer Aliaksandr Kryvanos. The system is a fully automated professional trading advisor that applies a medium-term trading system. Green Eye EA does not use martingale, grid, averaged, coverage, and is not a scalper. Each operation is protected by a fixed stop-loss.

Three strategies are applied in this expert adviser, each of which operates separately from the other. Each of the strategies has a unique magic number, which is generated based on a common with the sum of several numbers at the end.

A trend tracking trading system with floor work, this system can coexist with up to and including 3 commands in the same direction. High business activity, up to 80-90% of the time Expert Advisor is working in the market.

Recommendations for Green Eye EA:

  • Recommended currency pair, EURUSD.
  • Working time, time frame of H1.
  • The recommended leverage is: 1/500

The recommended batch of operations is 0.03 per 1000 USD (each strategy 0.03 lot, 3 strategies, ~0.1 lot for 1000 USD in total). This estimate is for average risk.

For a profit, each trade is provided with its take profit and there is also the possibility to use an end stop. Depending on volatility, there may be up to 40 x 3 offers per month on average. The time to hold positions varies from a few minutes to a few days.

The trading advisor is not sensitive to spread and does not require the rapid execution of trading orders. However, it is highly recommended to work with ECN brokers with minor differential and minimum stop levels to set Stop Loss and Take Profit. It only works with 5-digit quotes.

The robot is easy to use and can be used by both experienced traders and beginners. The Expert Advisor comes with optimized parameters and the user establishes the only lot negotiated according to their particular balance, magic number, time compensation, and other settings. The optimization is carried out by the author. 

Here you can find more specifications:

-The robot does not need to be user-optimized. Green EYE works with a genuine strategy correction system based on hash strings (command lines).

-On the part of the author, hash strings are generated for each strategy that slightly changes the behavior of the EA in the current and evolving market.

-Set files with hash strings are posted as needed on the author’s blog. During the operation of Green Eye EA, the user must download the instructions for the strategies that exist, adapting their work to the changing market.

-Expert Advisor does not depend on the trading mode (demo/real), both in demo account and in real trading is identical. However, in the case of different intermediaries, trade may differ slightly due to the difference in the quotations of various intermediaries.

-In a strategy tester, you cannot use an open price test model and checkpoints, as this will give a wrong result.

In short, we are talking about an EA of very recent creation, where we lack all information. The developer comments that the EA works according to 3 strategies, but does not reveal details of any of them. The most advisable would be to wait a while to see how the EA develops and see if there are other users who can share information about its results. There is currently no criticism of this tool, given its recent creation. A good option might be to download the trial version and do a few tests on our own and see how the EA works and performs.

This EA is for sale on the MQL market at a price of 375 USD. It is also possible to rent it at a price of 95 USD for 3 months, or 145 USD for 6 months.

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Forex Service Review

Stochastic Trader Automated EA Review

Stochastic Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoa. The Stochastic Trader EA is a fully automated tool. This system opens positions after receiving the signal of 2 indicators: the Stochastic indicator and envelopes. This system also works with stop loss and take profit. Stochastic Trader is a fully […]

Stochastic Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoa. The Stochastic Trader EA is a fully automated tool. This system opens positions after receiving the signal of 2 indicators: the Stochastic indicator and envelopes. This system also works with stop loss and take profit. Stochastic Trader is a fully […]

Stochastic Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoa. The Stochastic Trader EA is a fully automated tool. This system opens positions after receiving the signal of 2 indicators: the Stochastic indicator and envelopes. This system also works with stop loss and take profit.

Stochastic Trader is a fully automatic professional trading robot. This Ea has been designed specifically for the foreign exchange market, and more specifically for use with the pair of split USDJPY, in a time frame of H1, which is where it has proven to have the best results.

This system has been tested for over 2 years of backtesting, with USDJPY’s historical data in H1 time frames. In the product fiche, you can check the results that this EA had in this period, which were, more than 3.000% in 2 years of profitability. A result that is hardly credible.

This expert advisor is optimized for use with USDJPY. This does not mean that it does not work well with other currency pairs. Only the creator of the EA has tested it on this pair of currencies only. Each pair has its own characteristics, and could also work on any other major. It would be a matter of users testing it and sharing their experiences.

Recommendations for Use

-Minimum deposit required for a good operation from the start: 500 USD.

-Entry lots: from 0.01 to 0.1 lots or apply the account management depending on the available balance.

-Recommended account type with 5-digit quotes.

-It is advisable, as in any EA, to use a VPS, or if no VPS is available, you will have to leave the computer on while working the EA for 24/7.

-It is also highly recommended to choose a broker with an ECN account and low latency in transactions so that orders are executed as quickly as possible.

Advantages

  • Does not use: martingale, grid, averaged, and other risk strategies.
  • Trading is done using an order with a tight stop loss.

In summary, we are talking about a fairly simple automated system, based only on 2 indicators and which has apparently given good results in the tests done with the USDJPY pair. This EA is suitable for all types of traders, even for the most novice, for its easy understanding and quick configuration.

Being a newly created EA, there are no user reviews that have tested it, so we cannot give an assessment in this regard. We believe that it is most reasonable to wait a while and see how the EA develops with the experience created in other users, or at least to download the demo version to test and evaluate it before incorporating it into our trading.

Stochastic Trader is located in the MQL market at a selling price of 69 USD, and it is also possible to rent it for 3 months at a price of 10 USD, a reasonable enough price to test it for a sufficient period of time to test other currency pairs and see their behavior outside the USDJPY.

Categories
Forex Service Review

ACB Breakout Arrows Technical Indicator Review

ACB Breakout Arrows EA is an automated system created in February 2019 by developer Nitin Raj. This is a 100% automated expert advisor based on the indicator called “ACB Breakout Arrows”. The inputs are based on a rupture pattern that occurs constantly in a two-way manner. The intensity of the input signals can be manipulated […]

ACB Breakout Arrows EA is an automated system created in February 2019 by developer Nitin Raj. This is a 100% automated expert advisor based on the indicator called “ACB Breakout Arrows”. The inputs are based on a rupture pattern that occurs constantly in a two-way manner. The intensity of the input signals can be manipulated […]

ACB Breakout Arrows EA is an automated system created in February 2019 by developer Nitin Raj. This is a 100% automated expert advisor based on the indicator called “ACB Breakout Arrows”. The inputs are based on a rupture pattern that occurs constantly in a two-way manner. The intensity of the input signals can be manipulated using the external input called “Signal Sensitivity”.

Confirmation from the Trades

ACB Breakout Arrows EA provides the ability to filter inputs using the indicator called ACB Trade Filter.

  • Strong purchase: Up arrow + green histogram + bullish trend.
  • Strong sale: down arrow + red histogram + bearish trend.
  • The EA avoids a trade if the histogram is gray and the trend is sideways.

The EA loads all indicators and dependencies in the background. Indicators will not be visible in the graph.

Main Features of ACB Breakout Arrows EA

Planned for a long time now, it can now be fully automated with our ACB breakout arrows indicator. The ACB Trade Filter indicator also incorporated in EA to simulate the entire trading system. No additional download is required. Indicators and dependencies are integrated into EA. The ability to achieve profit and loss objectives directly from the indicator.

Increase the EA’s performance using built-in filters such as Session-Filter, MMI, Vortex, Volatility, Market Regime, and more. Three stages of partial shutdown work to capture the available benefits in the table at the right time. Loss of flexible stop help to prevent winners from becoming losses. while protection against black swan events is provided using a maximum loss function.

Parameters of the input:

  • Set up Trade Preferences.
  • Batch Size Method: Fixed Lot Size | Auto Lot Size
  • Risk per operation: Percentage of risk per transaction.

Set of indicator parameters:

  • Signal sensitivity: A value between 20 and 100 that decides the intensity of the break arrows.
  • Bars for SL: Number of bars that decide the line of stop-loss placed by the indicator.

Choose the Output Settings:

  • Use Stop-loss: true | false
  • Stop-loss Method: Pips | Volatility | Indicator
  • Use Take Profit: real | fake
  • Take the Profit Method: Pips | Volatility | Quick Profit | First Target | Final Goal
  • Using SL Trailing: true | false
  • Method SL Trailing: Pips | Volatility

Set up the filters:

  • Business Sessions: All
  • ACB Trading Filter: True | False
  • Trend Filter: True | False
  • Volatility Filter: True | False
  • Vortex Filter: True | False
  • MMI filter: True | False

Various adjustments.

  • Maximum Loss Protection: True | False
  • Registration: True | False (EA records your entire operation in the Journal tab)

Conclusion

In short, we are talking about an EA that has only been on the market for a short time and has no user opinions that could have tested this tool. This EA looks for trend breaks, and that’s what its strategy is based on. It is a robot that we think is suitable for all types of traders, beginners and advanced, since it is easy to understand and does not require great knowledge for its configuration.

The price of this robot on the MQL market is 180 USD. There is no rental option, but it has a demo version so you can test it and evaluate if it is a tool that can help you or not to your trading.

Categories
Forex Service Review

Tiger GBP/USD MT4 Trading Robot Review

Tiger GBPUSD MT4 EA is a robot created in April 2020 by Chinese developer Qin Yang, which has already created more EAs before. You have to use this EA exclusively with the GBPUSD currency pair, as this asset has proven to be the one with the best performance and score. Users will also need to […]

Tiger GBPUSD MT4 EA is a robot created in April 2020 by Chinese developer Qin Yang, which has already created more EAs before. You have to use this EA exclusively with the GBPUSD currency pair, as this asset has proven to be the one with the best performance and score. Users will also need to […]

Tiger GBPUSD MT4 EA is a robot created in April 2020 by Chinese developer Qin Yang, which has already created more EAs before. You have to use this EA exclusively with the GBPUSD currency pair, as this asset has proven to be the one with the best performance and score.

Users will also need to use this EA in a USD brokerage account. Since the volume of trade of this EA is quite high, it is recommended that this EA be used in a VPS, you can use the VPS provided by MQL5, and no VPS will be required to have the computer turned on 24/7.

Instructions for Setting Parameters

If the parameter Auto lot size is true, the EA will automatically adjust the lot (lot) according to the value of the parameter Auto lot size risk. If the parameter Auto lot size is false, the EA will use the fixed lot trade (lot) according to the value of the parameter Fixed lot size.

Set the Safety point parameter between 70 and 150, the Safety point parameter has been calculated in pip units. Please set the parameter Min stop loss above 100, the parameter Min stop-loss has been calculated in pip units.

Auto lot size: Automatically control the Lot function switch, open this EA will automatically control the Lot risk setting according to the Auto lot size risk value

Auto lot size risk: automatically controls the parameters when the Lot function is activated, and automatically sets Lot according to this EA parameter

Fixed lot size: fixed lot parameters, if the Auto lot size is closed, the EA will use fixed lot trading according to this parameter

Safety point: Pings distance (pips), the parameter Safety point has been calculated in units of pips when the profit reaches this parameter value, the EA will adjust the stop loss to the opening price, reducing the risk of loss

Min stop loss: the minimum stop loss distance (pips), the Min stop-loss parameter has been calculated in pip units, the distance between the stop loss and the opening price set automatically by EA will not be less than this value.

Buy order magic: buy order number

Sell order magic: order of sale number

Information window: Change to display the information window, EA will work faster after closing the information window.

Tiger GBPUSD MT4 EA Strategy

This EA calculates tick volatility frequency and speed according to the tick volatility algorithm and monitors tick volatility from the market in real-time. The EA will capture market imbalances, such as excessive capital inflows leading to explosive one-way volatility in the market. This EA is to use this explosive volatility to grab profits quickly. The transaction time of each order is not long but can reach a high rate of profit (90%).

In conclusion, we are talking about a scalper robot that works in the most volatile moments of the market, carrying out small transactions with the aim of getting small movements in the right direction. It is highly recommended to have an ECN account in a reliable broker with low latency so that the orders are executed in the shortest time possible.

We do not have any feedback from users who have tested this EA for their experience with it and the results obtained. All we have are some screenshots made by the creator of the EA where you see winning accounts supposedly using this EA.

Our advice is to download the free version of the EA to be able to test it, see how it works, and verify that you get good results before buying it. If you want to purchase this robot, it is available in the MQL market at a price of 629 USD, certainly a great investment that will not be within reach of all pockets. Additionally, you have the option to rent it, at a price of 329 USD for a period of 3 months.

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Forex Service Review

Orion MetaTrader4 Expert Advisor Review

Orion MT4 EA is an automated system created in April 2020 by developer Marta Gonzalez. ORION MT4 EA is a fairly secure automated software for trading Forex, commodities, indices, and stocks as stated by the author. The architecture we are analyzing is that of a Fully Automatic Autonomous Robot, Expert, and capable of independent market […]

Orion MT4 EA is an automated system created in April 2020 by developer Marta Gonzalez. ORION MT4 EA is a fairly secure automated software for trading Forex, commodities, indices, and stocks as stated by the author. The architecture we are analyzing is that of a Fully Automatic Autonomous Robot, Expert, and capable of independent market […]

Orion MT4 EA is an automated system created in April 2020 by developer Marta Gonzalez. ORION MT4 EA is a fairly secure automated software for trading Forex, commodities, indices, and stocks as stated by the author.

The architecture we are analyzing is that of a Fully Automatic Autonomous Robot, Expert, and capable of independent market analysis, as well as of making commercial decisions to buy and sell financial assets at the best possible time.

ORION MT4 EA is an advanced trading system. This is a fully automatic Expert Advisor in which the user will not have to do anything. It is a 100% automatic system. The system is self-sufficient, and will therefore do all the work for you.

The creator claims that this tool is a revolution in negotiation customization, and invites users to download the demo version to test their EA. The test result gives a very stable growth curve as a result of intelligent averaging techniques. The creator gives a “safety first” approach to the development of this EA. The consultant has undergone stress tests on historical data from multiple currency pairs.

Recommended broker type: Fast, fast running, low commission, fast, and reliable ECN broker. It is also recommended, as in any EA a virtual server or VPS. In the case of possibly missing out on profit opportunities, you should leave the computer on 24/7. The consultant’s algorithm allows us to trade with the trend and against the trend.

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

Some Orion MT4 EA input parameters are:

-Magic Number: A different number for the pair.

-Time Init: Init Trade Zone. You must use your broker’s European login time.

-End time: End of the shopping area. You must use the closing time of the American session of your broker.

In short, we are talking about an EA of which the author does not offer any information. As a tool of very recent creation, we also have no comments available from any user who has tested the EA and published its results. Do we have to trust everything the robot’s creator tells us? , because it apparently does, because it also does not provide any audited real accounts where we can verify its functioning.

The only alternative we have is to download the demo version and test us the robot to see its performance and results, and it would be advisable to wait a while to see the development of the tool and how it behaves over time, see what opinions the MQL community users give to this EA.

The EA is available on the MQL market for sale for a price of 30 USD, which is a fairly affordable price for an EA. And it is also available for rent for 10 USD in a month, 15 USD for 3 months, and 20 USD for 6 months.

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Forex Service Review

Bot Gap Expert Advisor Review

Bot Gap EA is a robot created in March 2020 by Russian developer Alfiya Fazylova. Alfiya Fazylova is a prolific creator of automated trading tools, many of which are available on the MQL market. Advisor Bot Gap is an automated trading robot designed to work in real-time. The advisor’s algorithm uses the well-known price recovery […]

Bot Gap EA is a robot created in March 2020 by Russian developer Alfiya Fazylova. Alfiya Fazylova is a prolific creator of automated trading tools, many of which are available on the MQL market. Advisor Bot Gap is an automated trading robot designed to work in real-time. The advisor’s algorithm uses the well-known price recovery […]

Bot Gap EA is a robot created in March 2020 by Russian developer Alfiya Fazylova. Alfiya Fazylova is a prolific creator of automated trading tools, many of which are available on the MQL market. Advisor Bot Gap is an automated trading robot designed to work in real-time. The advisor’s algorithm uses the well-known price recovery effect after the creation of the price gap.

In trade, the gap appears after the weekend, Friday through Monday. According to our evidence, this is the kind of price difference that is most appropriate for this strategy. Since the resulting window is more likely to be closed by a subsequent price variation.

Like any EA, Bot Gap has the standard benefit of queues in points. This type is not very effective in some tools, and for a more accurate selection of tp size, the robot has an adaptive benefit bar whose size fits the size of the gap.

There is also a timeout stop, to limit losses and a standard end stop, to record profits in case you fail to achieve the goal of a clean profit. At will, the feet (stop loss, rake profit, and trailing stop) can be set virtual, invisible to the broker. When switching stops to virtual mode, you should remember that this mode will not store shutdown levels on the server. The shutdown will be carried out by the retail robot itself, determining the closing time and sending a request to the server.

In addition, to protect the deposit and record profits, there are three shutdown functions. The first two functions are the closing of the total gain and the loss in the symbol. As soon as the total result of the open transactions on the instrument reaches the established value, the advisor will close all warrants. The third function is to close positions on a given day of the week. With this function, you can set the optimal time for “life” transactions, usually two days.

Bot Gap opens a fixed lot or payment order, depending on the return loss or equivalent. The advisor does not have a universal setup, and before you start with a real account, make sure to optimize the advisor’s input parameters. To increase the test speed and optimize, remember to disable the information panel (Show information panel = false).

There are few in the basic tools of the GEP, and consequently, the robot trade also opens little. But it compensates with precise inputs and trade in several instruments at the same time.

Some of the key input parameters are:

-% SL – Lot relative to the specified loss stop, the batch size is calculated such that when the sale is closed at the moose stop, its loss is equal to that given in the parameter % risk SL.

-% Capital – Lot is calculated from the percentage of shares specified in the % Risk Capital parameter.

-% SL is the percentage of loss on the deposit when closing the loss.

-% Equity Risk – the percentage of shares.

-Virtual Sl, Tp, Trailing – enables virtual stop loss, profit, and trailing stop mode.

Type Take Profit – Stop Trail Type:

  • The Gep ratio is the final stop size equal to gap, Take Profit (Gep Ratio).
  • Take Profit (Ratio of Gep) is a k gap factor to calculate the amount of profit.
  • Take Profit (Points) – the size of credits at a fixed rate.
  • Stop Loss is the size of the lap stop.
  • Final start – distance from the opening price to the start of the trawl.

Close gain (0-false) – closing all orders on the character when its common benefit is reached, in the zero function it is turned off.

Close loss (0-false) – close all orders on the symbol when your total loss of the given value is reached, to 0 the function is disabled.

Closing by the day of the week – the closing of all orders on a given day of the week.

In short, we are talking about an EA that takes advantage of the Gaps that are on the market at the opening on Monday, after the weekend. It’s a novel way to trade for a robot. Because it is a newly created tool, Bot Gap EA does not currently have reviews from users who have proven the robot’s behavior.

Remember that it is highly advisable, when working with an EA, to have a dedicated virtual server (VPS) so as not to miss the robot commands, or to leave the computer on 24/7. Also having an ECN account in a reliable broker is also very important so that transactions are executed in the shortest time possible.

We recommend downloading the free demo version in order to be able to test the robot and know how it works, as well as the prospects of profitability that it can offer us. Bot Gap EA is for sale on the MQL market at a price of 40 USD.

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Forex Service Review

Mad Desire Forex EA Review

Mad Desire EA is an automated system created in April 2020 by developer Yury Emeliyanov. The creator gives us a series of guidelines to keep in mind before we start using Mad Desire EA. The currency pairs that have given the best test results for this robot are EUR/USD, AUD/USD, and USD/CAD. This circumstance does […]

Mad Desire EA is an automated system created in April 2020 by developer Yury Emeliyanov. The creator gives us a series of guidelines to keep in mind before we start using Mad Desire EA. The currency pairs that have given the best test results for this robot are EUR/USD, AUD/USD, and USD/CAD. This circumstance does […]

Mad Desire EA is an automated system created in April 2020 by developer Yury Emeliyanov. The creator gives us a series of guidelines to keep in mind before we start using Mad Desire EA.

The currency pairs that have given the best test results for this robot are EUR/USD, AUD/USD, and USD/CAD. This circumstance does not mean that we cannot use them in other currency pairs, but it is in these that we have tested with optimal results.

Mad Desire EA should be taken as a long-term strategy, as the time frame recommended by the developer is D1. It is possible to run it in other time frames, but the results will obviously vary.

Operation of Mad Desire EA

-Opening (signal of the entrance).

-Open a new long position in Moving Average (Exponential, Open, 1, 0) when all of the following logical conditions are met:

-The bar opens below the moving average (weighted, open, 37, 0) after opening above it; and the bar opens above the moving average* (Simple, Close, 12, 0).

-Open a new short position in Moving Average (Exponential, Open, 1, 0) when all of the following logical conditions are met:

-The bar opens above the moving average (weighted, open, 37, 0) after opening below it; and the bar opens below the moving average* (Simple, Close, 12, 0).

-Closing (signal of exit)

-Close an existing long position in the Upper Band of the Donchian Canal (12, 1).

-Close an existing short position in the Donchian Canal Lower Band (12, 1).

Handling of Additional Input Signals

Input signal in the direction of the current position:

  • No averages are allowed.
  • Cancel any additional orders that are in the same direction.

Input signal in the opposite direction: No modification of the current position is allowed. Cancel any additional command that is in the opposite direction.

Size of the Operations

The trade sizes will change, depending on the percentage of your account that you want to assume in each trade.

The recommendation is as follows:

  • Opening of a new trade – 1% of the net worth of the account.
  • The strategy does not provide for a permanent limitation of losses.
  • The Take Profit is programmed to close a position at 2734 profit points.

Average rules apply only to input signals. Output signals close a position. They cannot open, add, or reduce one.

Other Features of this Robot

  • Strategy Properties
  • Handling of additional input signals.
  • Next signal behavior of the same direction – Does nothing.
  • Next behavior of the opposite direction signal – Does nothing.
  • Size of the operations

Trading a percentage of your account. Percentage values show the portion of the equity account used to cover the required margin.

  • The maximum number of open lots is 100.
  • Number of entry lots for a new trade – 1% of the account’s equity
  • Stop Loss – None.
  • Take Profit of 2734 points.

As in all Eas, it is recommended to use a VPS or virtual server, and in case of lack thereof, to leave our computer on 24/7. It is also important for the broker to provide you with an ECN account and to have low latency so that transactions can be executed as quickly as possible.

In short, we are talking about an automated system whose operation has not been made clear to us. An issue that we did not like was the absence of Stop Loss. We think that a system that does work with Take Profit should also use a Stop Loss.

The tool is newly created so there are currently no ratings by users of the MQL market. We think it wise to allow time for this tool to mature and evaluate its results according to the experiences of other users. But what we can do is download the demo version and check what the development of this robot is.

We think it’s a fairly simple system, and its price is quite affordable, 30 USD. It is also possible to rent it for 1 month for 10 USD, or for 3 months for 15 USD.

Categories
Forex Service Review

Bulls Vs. Bears MT4 EA Review

Bulls VS Bears is a tool created in April 2020 by developer Antonis Michos. Bulls VS Bears is an EA that generates advanced signals. Once the system establishes an order, the EA puts two TP points (one of them quite far from the entry point), based on essential levels. The robot, once it sets an […]

Bulls VS Bears is a tool created in April 2020 by developer Antonis Michos. Bulls VS Bears is an EA that generates advanced signals. Once the system establishes an order, the EA puts two TP points (one of them quite far from the entry point), based on essential levels. The robot, once it sets an […]

Bulls VS Bears is a tool created in April 2020 by developer Antonis Michos. Bulls VS Bears is an EA that generates advanced signals. Once the system establishes an order, the EA puts two TP points (one of them quite far from the entry point), based on essential levels. The robot, once it sets an order also provides a stop-loss point.

The developer recommends testing the EA in open price visual mode for faster execution. In the interface of the robot, there is an additional panel with two buttons (sell and buy) in the center of the table that you can use if you want instead of the MT4. This is optional functionality.

The EA will always generate two types of purchase signals and two types of sales signals. They are recognized because they have different colors and sizes. The smaller signal has less potential to reach the big Take Profit, but this will be more than 50%. The time frame used by this EA is M15, and 100% of the signals are non-coloured and strictly at the close of a candle.

The entries made by Bulls VS Bears are based on several trend indicators and the robot studies the moments when the bulls are stronger than the bears and vice versa. Bulls VS Bears also has the functionality of putting alerts and push up notifications for the phone.

https://youtu.be/1MTPWXocNqs

We are talking about a robot of which we have very little information. The creator does not even mention in which financial assets it is advisable to invest with the EA, if with Forex, commodities, indices… etc. As a tool of very recent creation, we do not have any comments or experiences from users who have already tried it and can tell us what results they have obtained. There are hardly any comments from any user who has tried the demo version and doubts whether Bulls VS Bears is really an EA or an indicator.

In conclusion, we could not recommend this EA until it matures a little on the market. What we can do is download the demo version and observe its behavior, as well as evaluate the results.

For the use of an EA it is always advisable to have a VPS or virtual server, and in case of not having, to keep the computer on 24/7. It is also important to note in a broker that provides an ECN account and has low latency so that the execution of the orders is as fast as possible.

If you are interested in purchasing this EA, you can find it in the MQL market for a price of 65 USD. It is not currently available for rent.

Categories
Forex Service Review

TS Currency Power Scalper Review

TS Currency Power Scalper is an EA created in April 2020 by developer Jian Chen. TS Currency Power Scalper is an expert advisor based on trading multiple currency pairs (Forex). When you start running this EA, the first thing you will do is scan the price changes of all major currencies and crossed currency pairs, […]

TS Currency Power Scalper is an EA created in April 2020 by developer Jian Chen. TS Currency Power Scalper is an expert advisor based on trading multiple currency pairs (Forex). When you start running this EA, the first thing you will do is scan the price changes of all major currencies and crossed currency pairs, […]

TS Currency Power Scalper is an EA created in April 2020 by developer Jian Chen. TS Currency Power Scalper is an expert advisor based on trading multiple currency pairs (Forex).

When you start running this EA, the first thing you will do is scan the price changes of all major currencies and crossed currency pairs, and determine the strength of each currency. Then it is traded on the strength of the short-term currency/ trend reversal. This is the introduction to the “TS Trading Strategy Currency Power EA”.

TS Currency Power Scalper has strict risk management:

For each currency pair, only one position is allowed. There is no network negotiation and no Martingale strategy is involved. Each open position has a stop-loss, which you can set in the EA input parameter. Since it is a multi-currency EA, it is not suitable to be tested on the MT4 Strategy Tester. Your performance in the Strategy Tester is not real performance.

TS Currency Power Scalper is very easy to use, you can consult the following links:

The most relevant thing is to establish the value of the input parameter “One Symbol Mode” to “false” when running the EA in the real/demo environment.

To run TS Currency Power Scalper, the steps are very simple:

The key steps are,

  1. Añadir al Market Watch todos los símbolos de los pares de divisas principales y cruzados, incluidos: EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, USDCHF, EURGBP, EURJPY, EURAUD, EURNZD, EURCAD, EURCHF, GBPJPY, GBPAUD, GBPNZD, GBPCAD, GBPCHF, AUDJPY, NZDJPY, CADJPY, CHFJPY, AUDNZD, AUDCAD, AUDCHF, NZDCAD, NZDCHF, y CADCHF.
  2. Attach the EA to any card. You will need only one EA instance on an MT4 terminal.

Important: Set the value of the input parameter “Mode of a symbol” to “false”.

When it’s the first time you run EA and EA cannot find the required data. It will open the appropriate M15 cards and close them automatically. If symbol names have a suffix, please don’t forget to put it in the proper input parameter.

In short, we are talking about an EA of which we do not have information because the developer has chosen to avoid it. Moreover, since it is a newly created tool, it lacks opinions from users who have been able to test it. We always like to value the user experience as it gives us a broader view of the quality of the product.

As in any EA, it is recommended to use a VPS or virtual server while the EA is working. If we don’t have VPS, we’ll have to keep our computer on 24/7. It is also important to choose a good broker, who provides us with an ECN account and has low latency to ensure that the commands that the robot opens are executed in the shortest time possible.

It is advisable to download the demo version in order to get familiar with the tool and to be able to test it even if it is in a demo account.

If you want to purchase this robot, you have it for sale on the MQL market at a price of 180 USD. It is also available for rent at a price of 50 USD for one month, and 100 USD for 3 months of use.

Categories
Forex Service Review

Stratos Forex EA Review

Stratos EA is a robot that was created in April 2020 by developer Raphael Schwiet. Stratos is a high quality automated expert consultant that is fully optimized for the future market. The EURUSD in time frames of H1 is the financial asset that has obtained the best results in the previous tests. The EA is specially designed to adapt to the latest market situations.

Stratos EA is a robot that was created in April 2020 by developer Raphael Schwiet. Stratos is a high quality automated expert consultant that is fully optimized for the future market. The EURUSD in time frames of H1 is the financial asset that has obtained the best results in the previous tests. The EA is specially designed to adapt to the latest market situations.

Stratos EA is a robot that was created in April 2020 by developer Raphael Schwiet. Stratos is a high quality automated expert consultant that is fully optimized for the future market. The EURUSD in time frames of H1 is the financial asset that has obtained the best results in the previous tests. The EA is specially designed to adapt to the latest market situations.

Stratos EA is working with its own complex algorithm and is combined with some indicators to obtain entry and exit opportunities. The entry and exit logic only works in Bar Close. This filters out market noise, dramatically accelerates optimizations, prevents hunting for loss of shutdown, and ensures the best performance in any broker that offers us a reasonable length.

Characteristics of the Stratos EA

The EA works with an advanced algorithm to find entry points as well as several additional filters to enter and exit the market. The EA was tested with historical data and exceptional results. You can download the demo version and test it yourself. My tests were performed with the actual tick date with 99.90% accuracy, actual propagation, additional slip, and high commission. The system does not use any toxic or dangerous strategy such as Martingale, Arbitrajes… etc.

-The tests in this EA have been performed for 5 years with 99% test quality.

-Backtest Method Faster with Model: Open Prices Only (Input and Output Logic Works in Closing Bar)

-There is no need for optimization.

-Optional TP /SL Basket function for daily earnings.

-When TP or SL Basket came to stop trading for the rest of the day and start a new session the next day.

-Best optimized for real market situations.

Other Considerations
  • Advisable to use a broker that works with quotations of 4-5 digits.
  • Propagation filter.
  • Equity Stop.
  • Protection of reduction.
  • Take profit Function.
  • Stop-loss function.
  • Stop trading the rest of the day when TP/SL Basket Reached.
  • Quick buttons to close open commands (Close all, Close profit, Close loss, Close buys, Close sells).
  • Info panel with EA information.
  • 5 Types of Money Management (Fixed Lot, Percentage, Geometric, Proportional, Balanced).
  • Negotiating times are adjustable.
  • Advanced algorithm to get in and out of the market.

DEADLINE: H1 (It is not recommended to use other deadlines for this robot, as they can only compromise the accuracy of operations.)

SYMBOLS: EURUSD (This robot has not been used in other pairs.)

Before using real money, test the advisor with minimal risk on the penny trading account or demo account. Use VPS or server with minimal network delays on the broker server. Low spreads + quality execution + low commission – this is the main thing when choosing a broker for trading. Account coverage is allowed.

Conclusion

We are talking about an EA of which we do not have much information because the creator omits many functionalities like concretizing the indicators he uses. We know that apparently, the EA in the tests has been very successful with the operation in the EURUSD in a temporality of H1. As it is a tool of very recent creation, there are currently no comments from users that tell us about their experience with this robot, so we consider it advisable to download the demo version and do our own tests to know how the EA works and the results that are appearing.

This EA is available on the MQL market, sold at a price of 499 USD. You can also rent, for 3 months at a price of 199 USD, for 6 months at a price of 299 USD, and for 1 year at a price of 399 USD.

Categories
Forex Service Review

Latency Arbitrage by Ai2Fx EA Review

Latency Arbitrage by Ai2fx EA is a robot created in March 2020 by Thai developer Thara Tantitaranukul. Thara Tantitaranukul is a prolific creator of automated trading tools. Many of them are found in the MQL market. Ai2 Arbitrage Latency is used for the “Latency Arbitrage” strategy. Latency Arbitrage by Ai2fx EA is very easy to […]

Latency Arbitrage by Ai2fx EA is a robot created in March 2020 by Thai developer Thara Tantitaranukul. Thara Tantitaranukul is a prolific creator of automated trading tools. Many of them are found in the MQL market. Ai2 Arbitrage Latency is used for the “Latency Arbitrage” strategy. Latency Arbitrage by Ai2fx EA is very easy to […]

Latency Arbitrage by Ai2fx EA is a robot created in March 2020 by Thai developer Thara Tantitaranukul. Thara Tantitaranukul is a prolific creator of automated trading tools. Many of them are found in the MQL market. Ai2 Arbitrage Latency is used for the “Latency Arbitrage” strategy. Latency Arbitrage by Ai2fx EA is very easy to use and very easy to understand. Only the important configuration appears to you with the risk management module to protect your account, high-speed algorithms to win the opportunity to make a profit, and loss of smart queue stop.

EA Highlights

– Advanced coding algorithm to boost EA work faster possible to make it more cost-effective and work stability.

– Advanced Ai intelligent encoding function to check the movement between Fast and Slow MT4. EA will open operations when you have the correct address.

– Friendly price and less setting. Just fill in the important parameters.

– Intelligent end stop to reduce the loss of each order and in turn to maximize the profit in positive order.

– Easy setting parameters. Suitable for both new studio users and professional users.

– Risk management prevents loss when brokers use the plugin for you or other unexpected events.

Configuration of Parameters

Working comment = Comment will be displayed in Slow MT4 in each order follows by different prices between fast and slow runner detect. Follow with Different gap detect.

Broker Type = Select the broker type in the chart to be the fast or slow broker.

Suffix = Fill Slow or Fast Broker has a suffix in this field to correct the assignment character ex. “EUSUSD#”, fill in “#”.

Suggestions for Use

1. Aware of stopping risk by filling the Equity limit & Spread limit.
2. Stop loss is dragged by Smart Algorithm to reduce risk and will follow a positive position when your order has a benefit.
3. The Equity Limit function shall only check the Slow broker’s start equity every minute. If your port has a benefit that causes it to change equity, you must update the EA again by closing and opening the MT4 terminal.
4. Try this EA on Demo MT4 first before the real port to understand how EA works.
5. For the idea, the comparison you can see the Slow Bid-Ask lines follow the quick lines you possibly try to negotiate in small real money to estimate the result again.
6. EA tests based on the currency pair. Check again if you will use EA to trade with other instruments like CFD, Hints, etc.

In short, we are talking about an EA that uses algorithmic trading for its transactions. In fact, the creator does not explain its operation very well, so it is advisable to download the free demo version. With this, we will be able to understand the functioning of this tool better and verify if in its first transactions it can already be profitable.

As in any EA, we recommend the use of a dedicated VPS or virtual server, in order not to miss any transaction that the EA performs. If we don’t have a server, we’ll have to keep our computer on 24/7. It is also important to have an ECN account of a reliable broker with low latency so that our transactions run in the shortest time possible.

Latency Arbitrage by Ai2fx EA is for sale on the MQL market at a price of 399 USD. It is also possible to rent this tool at a price of 30 USD for 1 month, 55 USD for 3 months of use, 100 USD for 6 months of use, and 180 USD for 1 year of use.

Categories
Forex Service Review

Two Lines Indicator Tester Review

Two Lines Indicator Tester is an indicator tester created in March 2020 by Australian developer Alberto Castellucchio. This EA is for technical analysis traders only. If you focus on indicators for confirmations or signals, you will also find this indicator tester useful. Many indicators make you lose technical strategies. Big indicators make money if you […]

Two Lines Indicator Tester is an indicator tester created in March 2020 by Australian developer Alberto Castellucchio. This EA is for technical analysis traders only. If you focus on indicators for confirmations or signals, you will also find this indicator tester useful. Many indicators make you lose technical strategies. Big indicators make money if you […]

Two Lines Indicator Tester is an indicator tester created in March 2020 by Australian developer Alberto Castellucchio. This EA is for technical analysis traders only. If you focus on indicators for confirmations or signals, you will also find this indicator tester useful.

Many indicators make you lose technical strategies. Big indicators make money if you optimize it properly. The problem will be solved here, with Two Lines Indicator Tester. Testing your indicators in a reliable and consistent way is the cornerstone of a solid technical strategy. There are more than five thousand indicators in the MQL market alone, and it is impossible to know which one will be profitable for you.

This tool has been created to perform your backtest results fast, reliable, and consistent so you can choose the best indicators in minutes not days. The developer used it to select 20 of the most reliable indicators and create their trend and says it works great.

What is a two-line indicator? As you may have imagined by now, a two-line indicator is an indicator that draws two lines. A pair of slow and fast-moving stocks can be considered a two-line indicator. A signal is given each time the lines cross and close in the opposite direction.

This tool is the first part of a series of 3 testers:

• Zero-Crossing Indicator Tester (to be published soon)
• Two lines of
• Line crossing price indicator tester (to be published soon)

What this tester does for you:

– Test and optimize indicators in very few minutes, not hours.

– Make your test results as reliable and consistent as possible. This is very important.

– Can be applied to any instrument, including Forex, Metals, Oil, Indices, Commodities, Bitcoin, and Shares.

– Money management. It is advisable to establish your SL and TP according to ATR for better risk management.

– Scale the winning positions and let your winners run using a delay SL for managing perfect operations (optional).

– Use any automatically calculated risk percentage to match your SL for perfect batch size and money management.

– Optimize and Test any indicator with up to 6 parameters including a “text” parameter.

What you can get with the “Two-Line Indicator Tester”

– Instant access to user training material for those starting with MT4 and indicator testing.

– A list of 1500 free indicators available in MQL5.com already sorted by sections (Two lines, Zero, Price crossing) so that you can immediately start testing immediately (this is another massive time saving).

– An Excel sheet to test your indicators in an organized way.

Limitations of the EA:

– You can test indicators with up to 8 numerical inputs
– You will be able to test the indicators with a maximum of one input string.
– As the EA has been created to be used to return to the test rental or demo will not be available

This is your chance to create your strategy based on hard data and solid technical analysis. Fast and reliable.

In short, we are not talking about an EA, but about a tester of indicators, which in a short time can help us to choose the combination of 2 indicators that give us reliable and cost-effective signals. One of the biggest improvements to this tool is the time savings it can provide, given its huge database and its functionality.

We have the option of being able to test it for free in its demo version and thus make the necessary checks to know if this tool can be useful or not to create your own strategies.
As a newly created tool, there are for the moment no user opinions that can give their testimony about the usefulness of this product.

If once tested this tool is of interest to you, you can buy it on the MQL market at the price of 170 USD. It is not currently available for rent.

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Forex Service Review

Best Scalper MT4 EA Review

Best Scalper MT4 EA is a robot created in March 2020 by Iranian developer Mahmoudibarmas Mehdi. Mahmoudibarmas Mehdi is a prolific creator of automated trading systems, many of them available on the MQL market. Best Scalper is an Expert Scalping based Consultant, Using the best and safest EA scalp on the market. A large number […]

Best Scalper MT4 EA is a robot created in March 2020 by Iranian developer Mahmoudibarmas Mehdi. Mahmoudibarmas Mehdi is a prolific creator of automated trading systems, many of them available on the MQL market. Best Scalper is an Expert Scalping based Consultant, Using the best and safest EA scalp on the market. A large number […]

Best Scalper MT4 EA is a robot created in March 2020 by Iranian developer Mahmoudibarmas Mehdi. Mahmoudibarmas Mehdi is a prolific creator of automated trading systems, many of them available on the MQL market.

Best Scalper is an Expert Scalping based Consultant, Using the best and safest EA scalp on the market. A large number of inputs and settings are tested and optimized and embedded in the program so the inputs are limited and very simple. The use of EA does not require any professional information or knowledge of Forex Trading.

AS operates at a low margin and therefore has low risk. Best Scalper can negotiate on all symbols and all time frames, using the special and unique strategy developed by the author.

Using the EA Best Scalper on MT4

The robot is very simple and has no complicated input parameters.

These are the main parameters to be established:

-Type of operation: Long/Short/Both/No coverage

-Stop opening: if true, EA will not open a new position. Only manage already open.

-Maximum Spread to Open Position: Spread to stop trading

-Magic Number: Any constant ID.

-Show panel on chart: Displays the position report on the chart with the option to close them manually.

-Action for loss positions: One step and two steps averaging, Stop loss, Wait for tp

-Stop Loss: Stop loss in Points. Only works if the Stop loss option selected above.

-Klot: Klot is equal to Balance/Position Volume. This option is ignored if Constant selected above.

-Constant volume: Trading volume. This option is ignored if Klot selected above.

-Loss of Stop Trailing: Enable/Disable Stop Trailing.

-Final start: Final start distance in points.

-Stop Trailing: Distance from Stop Loss Trailing in Points.

-Final Step: Distance to apply Final Stop Loss in Points.

-Break Even: Enable/Disable Break Even.

-Enable Break Even after loss: Distance to apply Break Even in points.

-Entries in news filter: Blocking Trading During Low Impact News.

-All previous points entries by default is for 5-digit accounts. if your account is 4-digit use 0.1x numbers.

Optimization of the EA

Optimize EA for the last 6 months before use, and update optimization every 1-2 months. EA optimization is very quick and easy. The recommendations are for these optimization inputs:

  • Time frame: Try M5 to D1 time frames based on your strategy.
  • Action for loss positions: Averaged 1st and 2nd step.
  • Take advantage: 100 to 1000 steps 100 (10 to 100 steps 10 for 4-digit accounts)
  • Volume calculation method: Constant
  • Constant volume: 0.01 per hour
  • Maximum Spread to Open Position: 100 (10 for 4-digit accounts)
  • The display panel on the chart: false
  • Loss of Stop Trailing: false
  • Breaking the balance: false

Best Scalper Tips

It is recommended to backtest with constant volume to find greater benefit with low withdrawals. Then rerun the optimization on Klot only, to determine the best volume.

-(Klot=1000 to 200000)

-It is recommended to optimize the custom parameter.

-News Filter will not work in tester due to the limitations of MQL.

Recommendations and Conditions for Use

You can run EA in several graphics and symbols. Try using different magic number entries for each chart.

-If EA is attached to multiple cards, increase Klot to reduce risk.

-EA works in hedge accounts.

It is important to have a dedicated virtual server (VPS), in order to be able to shut down the computer and keep the robot running. It is also advisable to have an ECN account at a low latency broker so that orders are executed in the shortest time possible.

In short, we’re talking about scalping EA, like so many on the market. Despite the number of parameters that can be configured and customized, this EA promises to be very simple and suitable for all types of traders. To check it out nothing better than to download the demo version and check it for ourselves, see how it works, and the performance it can generate.

As it is a newly created tool, there are no comments from users who have already tried it out and expressed their opinions on it, so we have no external references. This EA is available on the MQL market for a price of 196 USD, and can also be rented at a price of 49 USD for a month of use, and 98 USD for 3 months of use.

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Forex Service Review

Trading Robotics Plutus EA Review

Plutus MT4 EA is a robot created in March 2020 by German developer Sokratis Bousios. Sokratis Bousios is a prolific creator of automated trading systems with several tools in the MQL market. Plutus MT4 EA is a fully automated trading robot, which includes elements from the fields of something and quant-trading. The something-trading part includes […]

Plutus MT4 EA is a robot created in March 2020 by German developer Sokratis Bousios. Sokratis Bousios is a prolific creator of automated trading systems with several tools in the MQL market. Plutus MT4 EA is a fully automated trading robot, which includes elements from the fields of something and quant-trading. The something-trading part includes […]

Plutus MT4 EA is a robot created in March 2020 by German developer Sokratis Bousios. Sokratis Bousios is a prolific creator of automated trading systems with several tools in the MQL market. Plutus MT4 EA is a fully automated trading robot, which includes elements from the fields of something and quant-trading.

The something-trading part includes multiple trading strategies designed by Trading Robotics. Most of them use combinations of the best-known indicators, such as Bollinger Bands, RSI, ATR, MA, EMA. Some others contain unique indicators developed.

In the quantum trading part, Plutus makes statistical analysis of the market and uses the power of mathematics to decide, whether it is time to make a trade or not.

How risky is Plutus?

Plutus MT4 EA contains multiple levels of security and is built with a wise software architecture. Concretely, the architecture is based on a multi-strategic trading system that opens multiple well-run operations during the day, keeping them open for a few minutes, hours or even days depending on the strategy activated.

An appropriate risk is calculated on the basis of the triggered strategy, current balance, and market conditions. It often adjusts the risk of the operation according to the placement points SL and TP.

Plutus can be used only for the “Coverage” account type.

Requirements to work with Plutus MT4 EA:

  • OS: PC de Windows
  • Platform: Metatrader4 or Metatrader5
  • Type of account: Coverage
  • The currency of account: USD, EUR, or GBP

Market: Forex, in the following valid tickers: EURUSD, NZDUSD, GBPUSD, USDJPY, AUDUSD, AUDJPY, CADJPY, CHFJPY, USDCAD, and USDCHF

Tips before using Plutus MT4 EA:

Try to keep Plutus running without re-initializing it very often (for example, stopping it on Fridays and starting again on Mondays), so that it can be accurate in the calculations and read the market correctly. If you find it difficult to have your computer turned on for an elevated period of time, a great solution is to have a VM in the robot, this is a dedicated virtual server that will allow the robot to run all trades even if your computer is turned off.

In order to get the full power of EA, you must run it, on all previous Forex symbols at the same time. The system has been designed to open multiple commands on different ticker symbols with an intelligent “coverage” approach.

In summary, we talk about an EA that uses algorithmic trading combined with basic indicators that we all know (Bollinger Bands, RSI, ATR, MA, EMA), as well as other indicators of own creation.

It is important to use an EA that you have an ECN account in a reliable broker that charges few commissions and has a tight spread, as well as having low latency to allow transactions to run in the shortest time possible.

Because this is a newly created tool, there are, at the moment, no comments or criticisms from users who have tried the tool and can share their experiences with it. Therefore we recommend downloading the free demo version, to test the EA, know how it works, and verify if it can be profitable and fits our trading style or not.

Plutus MT4 EA is for sale on the MQL market at a price of 30 USD and given its affordable price no rental version is available.

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Forex Service Review

Golden Dent EA Review

Golden Dent EA is a robot created in March 2020 by Russian developer Edik Melkonian. Golden Dent is an expert automated consultant who uses scalping strategies. Study the market itself, trade only a marked change in price, and there is also a great advantage that you want to trade manually. The robot is only designed […]

Golden Dent EA is a robot created in March 2020 by Russian developer Edik Melkonian. Golden Dent is an expert automated consultant who uses scalping strategies. Study the market itself, trade only a marked change in price, and there is also a great advantage that you want to trade manually. The robot is only designed […]

Golden Dent EA is a robot created in March 2020 by Russian developer Edik Melkonian. Golden Dent is an expert automated consultant who uses scalping strategies. Study the market itself, trade only a marked change in price, and there is also a great advantage that you want to trade manually.

The robot is only designed to work with gold. The Ea is consistent and produces profits on no-commission accounts and low spreads, no more than 25 broker points. The main advantage of this robot is that the expert consultant perfectly shows the track of the main players, and how they support the position, and how they move the market to the right, in this instrument (XAUUSD).

If your wish is to earn more, we have to use this excellent advantage, which also gives us the advisor. To do this, we need more time, so we don’t miss a good market entry, how can I operate additionally in manual mode? I’ll explain myself as best I can, so that even a Forex novice will be able to clearly understand how this tool works. 

1) Digital 1 – this means that the price wanted to go higher, but no, since the sellers have more power, later (blue arrows), and only (after closing the candle), we will enter the market for sale.

2) Digital 2 – this means that the price wanted to go down more, but no, since buyers have more power, then (red arrow), and only (after closing the candle), we will enter the market to buy.

3) We will put the loss of Stop in the center of the arrow and yellow mark.

4) Take advantage, can put if you want, or the opposite entrance to the market.

5) Open operations manually, only on a separate graph, where the EA is not installed, so it does not control this position!

Martingale, Averaged, and other dangerous strategies are not used. Golden Dent is in complete compliance with the FIFO method. This automated trading system is suitable for both experienced traders and beginners.

Golden Dent Expert only uses pending orders on the broker’s server, which initially reduces the level of risk through delays and slips. Each transaction has a fixed Stoploss, and each transaction follows the expiration time. Each trade contains protection against slip and spread fluctuations in the market. The system does not use risk strategies such as Grid or Martingale.

Golden Dent System operates during certain business hours, when the market is more volatile, and does not operate in a quiet market. The robot has integrated protection against slips and high broker propagation.

The trading system uses a mechanism to look for the most concentrated movement points in the market, this allows you to predict market behavior in the%market, who will wish to trade manually in the direction of the trend.

The main parameters of Golden Dent EA are:

– Risk: The risk of car lots (100)

– Fixed lot – the fixed size of a trading lot

– Max spread: Allowed spreads will not be traded if the spread is greater than this level

– Sliding: Maximum slip slip

– Start of exit stop-stop (in points)

– Stop Target loss value of stop loss.

– Take Profit – profit target.

Recommendations:

-The best financial asset to trade is Gold (XAUUSD).

-Best time frame: M30

Brokers: Any broker, but we can’t verify all of them. It must be a broker with ECN accounts or low latency to ensure that transactions are executed in the shortest time possible.

In short, we are talking about an EA that negotiates Gold in times of high volatility. It looks like a robot that is easy to handle and easy to understand, and as the author says, it can be suitable for all types of traders. This tool is newly created and for this reason, and there are no comments or criticism from users who have already tested the EA and can provide a vision of their experiences.

Remind all readers that if an EA is used, it is important to have a dedicated virtual server (VPS), to ensure that all transactions are executed regardless of whether we have the computer turned on or off, otherwise if we don’t have a server, we’ll have to leave the computer on 24/7.

Golden Dent EA is for sale on the MQL market at a price of USD 2,300, certainly an investment that is not available to anyone. It is also available for rent at a price of USD 865 for 6 months of use, and USD 1420 for 1 year of use. Our recommendation is to download the free demo version to understand the operation of this EA better and verify its profitability.

Categories
Forex Service Review

Triplo All-Pairs EA Review

Triplo EA is a robot created in March 2020 by developer Algelino Hafis Mohamed Yacine. Hafis Mohamed Yacine is a creator of automated trading systems that has several tools in the MQL market. Triple EA Works very well with all Forex currency pairs. The best time frames in backtests are M5, M15, M30, and H1. […]

Triplo EA is a robot created in March 2020 by developer Algelino Hafis Mohamed Yacine. Hafis Mohamed Yacine is a creator of automated trading systems that has several tools in the MQL market. Triple EA Works very well with all Forex currency pairs. The best time frames in backtests are M5, M15, M30, and H1. […]

Triplo EA is a robot created in March 2020 by developer Algelino Hafis Mohamed Yacine. Hafis Mohamed Yacine is a creator of automated trading systems that has several tools in the MQL market.

Triple EA Works very well with all Forex currency pairs. The best time frames in backtests are M5, M15, M30, and H1. The recommended minimum deposit to start operating with this EA is 1000 USD, using a lot size of 0.01 lots.

Triple EA would probably occur in the event that the volatility of your merchandise begins to decrease. In the case of some sort of benefit, checks are usually at the beginning of traveling sideways, that ATR benefit will probably figure out how to stop. This can trigger the delay to end up traveling excessively, as examining benefits began to be much less dangerous.

This can trigger the delay to end up traveling excessively, as examining benefits began to be much less dangerous. That ending the damage would probably start helping to change in your favor again. However, as soon as it is done with the entire ATR process, there is an additional opposition to our personal drag finishing over-traveling.

Triple EA Global Environment:

Batches = 0.1 per 10000$, Lot exponent = 1.55, Lot decimal = 2, Pip step = 500.0, Turbo = TRUE, Newcycle = TRUE, Period rsi = 1, MM = FALSE, Risk = 1.0, Profit = 100.0, Max trades tilo = 10, Max Trades = 15 = 16, Trades Max = 10.

In short, we are dealing with an EA in which the author does not give any information about the basis of its operation. From the parameters used, we can deduce that the EA is related to the RSI indicator, but we have not been able to find out more.

We always recommend that to use any EA, it is important to have a dedicated virtual server (VPS), to make sure that all transactions are executed correctly even if we have the computer turned off. If we don’t have that resource, we’ll have to leave the computer on 24/7. It is also important to have an ECN account in a reliable broker that has low commissions and spreads, and low latency so that transactions are executed in the shortest time possible. Since this tool is newly created, we have no criticism or comments from users who have already tried it and could have shared their experience with the MQL community.

Triplo EA is available for sale on the MQL market at a price of 200 USD, and it is also possible to rent it for a price of 30 USD per 1 month, 90 USD for 3 months of use, or 180 USD for 6 months of use. There is also a free demo version that is recommended to download in order to test this EA, understand its operation, and verify its profitability and if it is suitable to add it to your trading style or not.

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Forex Service Review

Level Pro Expert Advisor Review

Level Pro EA is a robot that was created in March 2020 by Russian developer Elena Sokolova. It is not the first time that Elena Sokolova has created an automated trading system, in the market MQL has some other EA available. This system has developed over the past 6 years, in which the author has […]

Level Pro EA is a robot that was created in March 2020 by Russian developer Elena Sokolova. It is not the first time that Elena Sokolova has created an automated trading system, in the market MQL has some other EA available. This system has developed over the past 6 years, in which the author has […]

Level Pro EA is a robot that was created in March 2020 by Russian developer Elena Sokolova. It is not the first time that Elena Sokolova has created an automated trading system, in the market MQL has some other EA available.

This system has developed over the past 6 years, in which the author has done an enormous amount of work and evidence. Level Pro EA trades on most currency pairs, and the best-performing time frame in backtests is M15. To select the appropriate currency pairs the user will have to try to see which one gives the best result.

Level Pro EA is a night scalper, trading in a quiet night market and in settings of very little volatility. For each currency pair, your own loss stops and make profits are set automatically. What you have to do is set up your broker’s GMT and set up the right time zone.

The maximum propagation function is integrated into each currency pair and is determined automatically. Level Pro EA adapts to current market conditions, allowing you to trade efficiently in a volatile market.

Only 10 expert consultants will be sold. Afterward, the consultant will be removed from the market for the strategy to continue working. The fewer people who use it, the longer it’ll work. We must bear in mind that in the Forex market past profitability cannot guarantee us the same future profitability.

Main settings for Level Pro EA:

  • Lot-if lot 0, then the EA will calculate the lot from the parameter of risk
  • Risk enabled if batch = 0
  • Hide sl tp – hide the loss of stop and profit from broker
  • Gmt offset-time change of your broker

In short, we are talking about a robot that bases its operation on night trading where the volatility of the markets is low, although the author tells us that she is also able to obtain good results in volatile markets.

Whenever we use these types of robots, it is advisable to use a dedicated virtual server (VPS), to ensure that the transactions made by the robot are not lost, otherwise if you do not have this tool you will have to leave your computer on 24/7.

Another important recommendation when working with Eas is the desirability of having an ECN account in a reliable broker with low latency, to ensure that our transactions are executed as quickly as possible.

Due to the fact that this tool has been on the market for a very short time, there are no opinions or criticisms from users who have already tested the EA to give us their impressions. Therefore, we recommend downloading the free demo version in order to get to know the robot’s performance better and to find out the profitability that it can provide before making a purchase decision, which in the case of this robot is a very important investment.

Level Pro EA is for sale on the MQL market at a price of 1987 USD, and there is also a one-year rental version of use at 634 USD. Remember that there are only 10 licenses for sale and once sold the robot will be withdrawn from sale.

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Forex Service Review

Scalp Trader EA Review

Scalp Trader EA is a robot created in March 2020 by Bulgarian developer Stefan Petkov. Stefan Petkov is a prolific creator of automated trading tools and has many of them on the MQL market. If you have purchased The Ultimate Trader or Multi Matrix Trader PM, also from the same creator, the author gives a […]

Scalp Trader EA is a robot created in March 2020 by Bulgarian developer Stefan Petkov. Stefan Petkov is a prolific creator of automated trading tools and has many of them on the MQL market. If you have purchased The Ultimate Trader or Multi Matrix Trader PM, also from the same creator, the author gives a […]

Scalp Trader EA is a robot created in March 2020 by Bulgarian developer Stefan Petkov. Stefan Petkov is a prolific creator of automated trading tools and has many of them on the MQL market. If you have purchased The Ultimate Trader or Multi Matrix Trader PM, also from the same creator, the author gives a free trial of this EA.

Scalp Trader EA is a scalping merchant who is currently trading with real money. The author is not relying on supporting evidence but relies on his knowledge and experience in the Forex market.

There is a live signal monitoring, where you can see that this EA has achieved 321% profitability in 4 years of operation. Please note that the Backtest has been performed on the MT5 platform due to its better ability to check different time frames and different currency pairs at the same time, however, if you want to backtest the MT4 version can activate the single pair mode.

Scalp Trader EA is a unique business interface and fully automated professional software designed to generate solid profits that exceed the average expectations of the Forex market, therefore with a very low level of reduction.

Scalp Trader is currently trading the following Forex pairs:

* CAD/CHF

* USD/JPY

* EUR/USD

* GBP/CAD

Scalp Trader EA should not be revised as a simple Expert Advisor, but as a solid and sophisticated trading interface, where various inputs and output logic are combined depending on prevailing market conditions. The software is using different time frames to select the most accurate locations for market inputs and outputs, time and price filters, various pro-technical indicators trading specially designed and developed for the needs of Scalp Trader to ensure the opening of operations on the profitable side of the market. Each transaction has placed a STOP LOSS to protect the entire investment.

The built-in options allow each customer to select for themselves that frames Scalp Trader EA to trade:

– in the short term and/or

– in the medium term and/or

– long term

To see which configurations are best adapted to the expectation of own benefits and the acceptance of risk (the meaning of risk acceptance is to select all the specific time modes that define the duration of operations).

Scalp Trader EA requirements:

* Minimum funds required: 1000 USD

VPS is a must, otherwise, you will have to leave your computer on 24/7.

* The Scalp Trader can work with any broker that transmits a low spread – STP/DMA is preferable, and also low latency to ensure that transactions are executed in the shortest time possible.

* EA is suitable with leverage as low as 1:25.

In short, we are talking about an EA that bases its operation on scalping, although the author does not give many details about the tools used by this EA. We will have to rely on the experience you have performing automated systems.

Since it is a newly created tool, no reviews or reviews are available at the moment from users who have already tested the EA. So our recommendation is to download the free demo version and in this way know how the EA works and be able to check if it can be profitable and fits our trading style or not.

Scalp Trader EA is for sale on the MQL market at a price of 4,900 USD, certainly, a price within the reach of very few traders, and no version is available for rent.

Categories
Forex Service Review

M15 CCI Scalper EA Review

M15 CCI Scalper EA is a robot created in March 2020 by American developer Thomas Ray Gurchiek. The M15 CCI Scalper EA takes advantage of a group of Exponential Moving Averages and the Commodity Channel Index to find and negotiate within the trend. This expert advisor works very well with EUR/USD and USD/CHF, although it […]

M15 CCI Scalper EA is a robot created in March 2020 by American developer Thomas Ray Gurchiek. The M15 CCI Scalper EA takes advantage of a group of Exponential Moving Averages and the Commodity Channel Index to find and negotiate within the trend. This expert advisor works very well with EUR/USD and USD/CHF, although it […]

M15 CCI Scalper EA is a robot created in March 2020 by American developer Thomas Ray Gurchiek. The M15 CCI Scalper EA takes advantage of a group of Exponential Moving Averages and the Commodity Channel Index to find and negotiate within the trend. This expert advisor works very well with EUR/USD and USD/CHF, although it can be tested in other currency pairs, as it will surely also have optimal performance. In the backtests carried out, it has been observed that the time frame that gives the best results is the M15 graph, although it also works very well in M5.

Main features of M15 CCI Scalper EA:

– Does not use toxic and dangerous commercial methods or strategies such as Martingale or Grids.

– Every trade that performs the EA has a Stop Loss, as well as the option to put a Stop Trailing.

– The configuration is very easy and not too complex as most Expert Advisors tend to be. This makes this tool a suitable system to be used by all types of traders, including beginners.

Main parameters of M15 CCI Scalper EA:

  • Use Take Profit
  • Batches appropriate to the balance sheet
  • Possibility to use Stop Trailing
  • Each operation is accompanied by a Stop Loss

The recommended settings for M15 CCI Scalper EA are:

Time frame: M15 or M5

Most suitable symbols: EUR/USD and USD/CHF, these two are often known as inverse pairs. This algorithm works very well together, although it can work well with other currency pairs as well.

  • Take Profit: will be located at 0.0030.
  • Batches: The format of batches is 0.00
  • Final stop: 100,0 (points) or 0 without final stop.
  • Stop Loss: will be located 0.0025.

In short, we are talking about a very simple EA, which the author explains very well on the basis of which it works. Specifically the use of a group of Exponential Moving Averages and the Commodity Channel Index. If you understand how these indicators work, you will understand very well how the robot works.

Anyway, you can download the free demo version to verify the functioning of this EA and see if it can be profitable and fits your trading style.

For the use of this type of EA, it is recommended to use a dedicated virtual server (VPS) not to miss any robot transaction, otherwise, you must leave your computer on 24/7. It is also important to have an ECN account on a reliable broker with low latency so that orders are executed in the shortest time possible. Because M15 CCI Scalper EA is a newly created tool, there are no comments or criticisms of it from users who have already purchased and tested it.

M15 CCI Scalper EA is for sale on the MQL market at a price of 30 USD, not being available a version for rent as we speak of a fairly affordable EA.

Categories
Forex Service Review

Simple Trades EA Review

Simple Trades EA is a robot created in April 2020 by developer Oluremi Oluyale, which premieres in the MQL market with the offer of this automated system. Simple Trades EA scalps with intraday price movements. Time frame: The time frame to which this EA is set is irrelevant. It takes its calculations from three different […]

Simple Trades EA is a robot created in April 2020 by developer Oluremi Oluyale, which premieres in the MQL market with the offer of this automated system. Simple Trades EA scalps with intraday price movements. Time frame: The time frame to which this EA is set is irrelevant. It takes its calculations from three different […]

Simple Trades EA is a robot created in April 2020 by developer Oluremi Oluyale, which premieres in the MQL market with the offer of this automated system. Simple Trades EA scalps with intraday price movements.

Time frame: The time frame to which this EA is set is irrelevant. It takes its calculations from three different time frames.

It can operate on any financial instrument, be it Forex, commodities, indices, or stocks.

Performance: This EA is a great tool for scalping in short and medium price directions. A position can remain open for 1-5 days.

Main parameters of Simple Trades EA:

  1. Start Hr: Time of day you want EA to start exploring the market for trading opportunities.
  2. Final hr: Time of day when you want EA to stop exploring the market for trading opportunities.

This EA can be configured to open new positions available only at certain times. To do EA trading for the whole day, set ‘Begin Hr’ to 0 and ‘End Hr’ to 23. The operations management side of the EA is not affected by this configuration.

Account type: “Standard account= true” is the default value. If we put it in false, this will mean mini = true account.

Lot size: Set lot size manually or default (0.0) for an optimized lot size. For a free margin of 1000 USD, the optimized lot size will start trading at 0.05 lots, which is 50 cents for each pip (for a standard account) if the Mm level is set by default. Optimized Lot size can be activated only if your available margin is less than 100 USD. For mini accounts, the optimized lot size will work if the free margin is not less than 20 USD. Otherwise, you have to enter your lot size manually.

Stop loss: The Stop loss is automatically calculated to be set to 10 pips + above the height of the last daily candle closed in a retail store and 10 pips below the low of the newly closed daily candle in a retail store. You can increase the default 10 pips, but it is not advisable to decrease them. For spot metals and other off-currency instruments, Stop loss must be increased considerably. i.e. for oil, Stop loss must be minimum: 20.

Take profit: Increase or decrease in take profit. EA also has a logic that closes operations when the bear/bull force is investing. Trade can close without touching the Stoploss.

Max open trades: Set the maximum number of open trades you want to allow in your account.

Mm level: This means “Money Management Level”. This option works for Optimized Lot size. The default is 200. If it increases, the optimized Lot size will decrease, but if it decreases, the optimized Lot size will increase.

In conclusion, we are talking about a scalper system that seems quite simple to operate. The creator provides some screenshots of the positive performance of this system. For example, in a simulation from 1 January 2020 to 30 March 2020, with a deposit of 1000 USD the yield was 607.79 USD, a 60.8% return in just 3 months. This performance is really good indeed.

We always recommend that to trade with an EA it is very convenient to use a VPS or virtual server, and if this tool is not available we will have to leave our computer on 24/7. It is also important to have an ECN account in a reliable broker with low latency so that our transactions run in the shortest time possible.

Because this tool has been on the market for a very short time, there are no user opinions that can tell us how your experience has been using this EA, so we recommend that you download the free demo version to check the operation of this robot and verify that the results are as good as it assures.

You can purchase this EA on the MQL market at a price of USD 500, and additionally, you have the option to rent it for a price of USD 30 for a month and USD 80 for 3 months.

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Forex Service Review

BreakOut Grid Expert Advisor Review

Breakout Grid EA is a robot that was created in March 2020 by developer Catalin Zachiu. Zachiu is a very prolific creator of Eas as he has developed many trading tools, many of them available in the MQL market. This expert is a combination of a grid and a scalper. Breakout Grid EA uses a […]

Breakout Grid EA is a robot that was created in March 2020 by developer Catalin Zachiu. Zachiu is a very prolific creator of Eas as he has developed many trading tools, many of them available in the MQL market. This expert is a combination of a grid and a scalper. Breakout Grid EA uses a […]

Breakout Grid EA is a robot that was created in March 2020 by developer Catalin Zachiu. Zachiu is a very prolific creator of Eas as he has developed many trading tools, many of them available in the MQL market. This expert is a combination of a grid and a scalper. Breakout Grid EA uses a grid of ten pending commands, five for long and five for short, with a space of 500 points between them and a scalping target of 100 points.

The EA has three ways of working. First, the entry by level, the expert begins the operation when the price is at an important commercial level (an old resistance or support). Second, the time entry launches the expert at a specific time (user input). The third type is the continuous operation, in which the expert starts immediately and restarts after all orders are closed.

Only one of the three types of entry can be used at once as a symbol and magic number. The three types of input can be used in a symbol if different magic numbers are assigned. The expert also has a stop function after a round of trades, defined by the parameter “Continue”, can be used when it is known that important news is released combined with the input type.

Recovery function – uses batch size amplification in order to achieve benefits, but also increases the possibility of greater loss.

Partial profit – closes all orders when the entry value is reached at points, it is safer, but the potential benefits are also smaller.

The developer has optimized this EA to be used with only one currency pair, the GBP/USD. Also, the most favorable time frame to trade with Breakout Grid EA is H1.

In conclusion, we are talking about an EA that sets targets of 10 pips per trade (100 points) when it establishes pending orders with a distance between them of 50 pips. This is a well-known system and widely used by manual traders over time with mixed results.
We always recommend that in order to have a working EA you have to have a dedicated VPS or virtual server, and if it is not available then you have to leave the computer on 24/7. It is also important to have an ECN account in a reliable broker that offers us low latency so that orders are executed in the shortest time possible.

Note that this tool is free, so you don’t need to install any demo version, you can directly install the EA and use it. We recommend using it first in a demo account to see how it works and verify its results, before connecting the robot to a real-money account.
As it is a tool of very recent creation, there are currently no comments from users who have tried it and put their valuations at the service of the MQL community, So we advise caution with the use of this EA.

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Forex Service Review

Fulgent AI for MT4 EA Review

Fulgent AI for MT4 EA is a robot created in March 2020 by the American Haskell Edward Ii Downs. Fulgent AI for MT4 EA engine is powered by a Genetic Algorithm specifically designed to find cost-effective Trade Rules in massive amounts of commercial data. By examining indicators, patterns, and events across multiple time frames as […]

Fulgent AI for MT4 EA is a robot created in March 2020 by the American Haskell Edward Ii Downs. Fulgent AI for MT4 EA engine is powered by a Genetic Algorithm specifically designed to find cost-effective Trade Rules in massive amounts of commercial data. By examining indicators, patterns, and events across multiple time frames as […]

Fulgent AI for MT4 EA is a robot created in March 2020 by the American Haskell Edward Ii Downs. Fulgent AI for MT4 EA engine is powered by a Genetic Algorithm specifically designed to find cost-effective Trade Rules in massive amounts of commercial data. By examining indicators, patterns, and events across multiple time frames as well as market relationships, the I.A. identifies cost-effective configurations of billions of possible combinations – a job that would not be possible for anyone to do. The Knowledge Base is constantly updated with the latest market data and events.

Haskell Edward Ii Downs has been applying Artificial Intelligence to the market with great success for the past 20 years. Using specific market measurements, safety graph measurements, analysis of various time frames, and cross-market correlation, Haskell Edward Ii Downs continuously finds the best possible “configurations” with unmatched accuracy and profitability. The EA is designed for specifically Autotrading.

EA Time Frame and Symbols:

This Expert Advisor is designed to be negotiated within 60 minutes at USDJPY and EURUSD. Separate genetic algorithm knowledge bases have been created for long and short operations. The average duration of trade is 5 hours. All orders, both incoming and outgoing, are market orders.

General Parameters:

  • Magic Number: Magic number for these EA strategy parameters
  • Parameters of the strategy
  • Batches: Number of batches to be traded at each signal

Parameters of Trading:

  • Use Max Spread: Enable Max Spread Filter
  • Max Spread Pips: Maximum propagation value in pips
  • Use Slippage: Enable the Max Slippage filter
  • Max Slippage: Max Slippage Value

Days of the week:

  • Entries on Sunday: Activate trade on Sundays
  • Entries on Monday: Activate trade on Monday
  • Entries on Tuesday: Trade on Tuesday
  • Entries on Wednesday: Activate trade on Wednesday
  • Entries on Thursday: Activate trading on Thursday
  • Entries on Friday: Activate trade on Friday
  • Entries on Saturday: Activate trade on Saturday

Time Settings:

  • Use Time Slot1: Enable the First Time Slot
  • Start Time Slot1: Start time for the first Time Slot
  • End Time Slot1: End Time for First Time Slot
  • Use Time Slot2: Enable the second Time Slot
  • Start Time Slot2: Start Time for Second Time Slot
  • End Time Slot2: End Time for Second Time Slot

In short, we are talking about a quite complete robot because it analyzes indicators, patterns, and events (news) for its functioning. For any EA it is important to have a VPS (dedicated virtual server) in order not to lose any transaction performed by the robot. It is also interesting to have an EN account in a reliable and low latency broker so that transactions are executed in the shortest time possible.

As a newly created tool, there are no comments from users who have tried it and can give us their opinions about its functionality and profitability. Therefore, what we recommend is to download the free demo version in order to see how the robot works and to verify if it is as profitable as the developer says. For those who want to use Fulgent AI for MT4 EA, inform that it is not for sale and is only available for rent, which costs 100 USD per month.

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Forex Service Review

Lion Trader Pro EA Review

Lion Trader Pro EA is a robot created in March 2020 by Italian developer Michela Russo. Michela Russo is a very prolific developer in the creation of automated tools for trading and has many of them in the MQL market. Lion Trader Pro is a trading EA for Forex trading. This is a Trend Following […]

Lion Trader Pro EA is a robot created in March 2020 by Italian developer Michela Russo. Michela Russo is a very prolific developer in the creation of automated tools for trading and has many of them in the MQL market. Lion Trader Pro is a trading EA for Forex trading. This is a Trend Following […]

Lion Trader Pro EA is a robot created in March 2020 by Italian developer Michela Russo. Michela Russo is a very prolific developer in the creation of automated tools for trading and has many of them in the MQL market. Lion Trader Pro is a trading EA for Forex trading. This is a Trend Following system that operates mainly during the Asian and New York sessions. The EA has been subjected to several stress tests over a period of 16 years and every year has operated with a very advantageous benefit/reduction ratio.

Lion Trader Pro: Key Information

*When purchasing this Expert Advisor, you are entitled to receive a free copy of Fox Trader Pro.

*All future updates are included in the purchase price.

*Lion Trader Pro works with GBPUSD M1.

*This EA is Fifo Compliant.

It analyzes the market without using outdated indicators and patterns, looking for the primary trend, enter the market based on existing volatility, and an artificial intelligence algorithm that predicts the possible future trend. The maximum precision backtests allowed show a high rate of payment and good resistance to unexpected market events. The asset that works best in this EA is the GBPUSD, is not recommended for use in other pairs.

Recommendations:

  • GBPUSD symbol
  • Timeframe M1
  • The 2003 Test
  • Configuration Default or set files
  • Brokers: Brokers with low differential and commission
  • Minimum Deposit 2000 USD
  • Method of market entry
  • Tester Method tick by tick
  • Compliance with Fifo

https://youtu.be/XcgmaV0qyxE

Lion Trader Pro Main Settings

  • Lot: lot quantity with auto lot disabled
  • Auto lot: Activate the auto lot or disable it
  • Risk: risk for the calculation of auto lots
  • Spread Allowed: spread limit, no trading will be open
  • Activate Buy: Activate Buy Trade
  • Allow the sale: Allow the sale trade
  • A trade for a bar: only one trade for each bar
  • Order Time: Time for Ea First Order
  • Max orders: Maximum number of orders
  • Sum for coeff: Increase in coeff position
  • Minimum distance: Minimum distance for secondary positions
  • A trade bar grid: if true, the robot can open one trade as network commands.
  • Timeframe Secondary Order: Timeframe for secondary transactions.
  • Take Profit: making profits on orders
  • Modify Take Profit for the first order: Use a different take benefit for the first order
  • First-order take profit: first-order take profit
  • Close only at end of the bar: close transactions only at end of M1 bar
  • Activate Money Max Loss: Activate Money Loss Limit
  • Each micro-batch: Multiply the amount of “max loss money” x 100 x lot
  • Stop Trade When It Hits: Stop Trade When It Hits Maximum Loss
  • Maximum monetary loss: Maximum monetary loss
  • Enable News Filter: Switch to false to disable the news filter or to true to activate it.

In short, we are talking about a tendency EA, of the many that exist in the market. We recommend using a dedicated virtual server (VPS) if you are working with any EA, that will allow you not to miss any transaction that the EA wants to execute. Download the free demo version before purchasing the EA, this will let you know how it works and get an idea of the profitability you can have with it. This EA is available on the MQL market at a price of 135 USD. You can also rent it at a price of 85 USD for 1 month, or 110 USD for use for one year.

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Forex Service Review

MathTradeSoft Worldwide Trading Robot Review

Mathtradesoft Worldwide Robot is an EA that was created in March 2020 by Iranian developer Mehdad Mohammad Nejad Namvar. This is not the first EA developed by Mehdad Mohammad Nejad Namvar, who has more tools available on the MQL market. Worldwide is a Trade Robot (EA) designed for MT4. Works with the part of a […]

Mathtradesoft Worldwide Robot is an EA that was created in March 2020 by Iranian developer Mehdad Mohammad Nejad Namvar. This is not the first EA developed by Mehdad Mohammad Nejad Namvar, who has more tools available on the MQL market. Worldwide is a Trade Robot (EA) designed for MT4. Works with the part of a […]

Mathtradesoft Worldwide Robot is an EA that was created in March 2020 by Iranian developer Mehdad Mohammad Nejad Namvar. This is not the first EA developed by Mehdad Mohammad Nejad Namvar, who has more tools available on the MQL market. Worldwide is a Trade Robot (EA) designed for MT4. Works with the part of a trend determination strategy that is the general direction of a market along with appropriate stop loss and take profit levels. The workflow is largely automated after assigning it to a chart. MathTradeSoft WorldWide Robot decides when to buy or sell, but the trader can disable or allow long or short trades. Maximum margin, market execution, stop loss, make profits and the overall robot options can be adjusted by an operator.

Characteristics of the Strategy

As a general method, it is the best way to be in the direction of trend and trade with it safely using stop loss and take profit, which means that if the overall direction of the market is up, traders must be aware of taking any position that depends on the trend in the opposite direction. This strategy is activated to show itself when there is a potential desire in the market and both among buyers and sellers with signs that are considered as a short trend direction or long weakening and investment during the volatile and non-volatile hours of negotiating. Many indicators such as CCI, ATR, WPR are used in order to improve robot skills in trend detection and trade.

The relative reduction is close to 25% on average (with broker leverage of 1:500).

Note that the results may be incorrect when testing with Metatrader tester because Metatrader strategy tester is not working on real ticks; so the test results are not good criteria for evaluating the robot. It is highly recommended to confirm the robot in a demo account.

Tips for getting better results with Mathtradesoft Worldwide Robot:

-When you load the EA into the chart, you will see a set of options as input parameters.

-All settings are by default and the robot is completely ready for use.

-The minimum balance required is 1000 USD for trade.

-If you are a risk trader you can increase a Fixed lot according to the minimum balance and withdrawal that are required accordingly.

-Recommended time frame: M15

-Using the next pair in trade can reduce the risk based on the robot’s fixed lot and margin level.

-Symbol to be used: EURUSD

IMPORTANT NOTE: You can increase the size of the Fixed lot at certain levels of the deposit.

All of the above developments with the automated trading robot itself make it an easy-to-use trend trading system for all types of traders.

Requirements and Recommendations

–ECN account with 1:500 leverage and normal spread ranging from 0-15 pips (5-digit brokers), command execution, and low latency to ensure transactions run as fast as possible.

-The currency of deposit: USD or EUR.

-The recommended currency pair and the optimal time frame are EURUSD and M15. This combination has had the best result in the backtests performed by the developer.

Parameters defined by the user:

  • Fixed lot – lot quantity for orders.
  • Take profit – user-defined at the level that designates the price for closing.
  • Stop-loss – User-defined stop loss level for trading.
  • Max loss points – defined maximum points for loss that can be set by an operator.
  • Is market execution – the type of order execution for the trade, true or false.
  • Max spread – maximum propagation filter.
  • iMA Period – number of bars for Mobile Media indicator calculations.
  • iCCI Period – number of bars for Commodity Channel Index indicator calculations.
  • iATR Period – number of bars for True Middle Range gauge calculations.
  • iWPR Period – amount of bars for William’s percentage range indicator calculations.
  • Long trade – option to enable or disable long trades.
  • Short trade – enables or disables short trades.
  • Magic number – unique identifier for robot commands.

In short, we are talking about a tendency robot like many that exist in the market. It is advisable for you to use a VPS or virtual server to ensure that all transactions ordered by the EA are executed, otherwise, we will have to leave the computer on 24/7. It’s an EA of considerable cost, and we’re missing an audited real account with the robot running to see its actual performance. Our best option can only be to download the free trial demo version and see how the EA works and its potential benefits for our trading.

As a newly created tool, there are currently no user opinions that can give a more realistic view of the functionality of this EA. Mathtradesoft Worldwide Robot is for sale on the MQL market at a price of 1,280 USD, and its rental is also available at a price of 550 USD for 6 months of use, and 1,000 USD for 1 year of use.

Categories
Forex Service Review

AUD/USD IM Trader EA Review

AUD/USD IM Trader EA is a robot created in March 2020 by the Greek developer Georgios Vergakis. Georgios Vergakis is a prolific creator of automated trading systems with several tools in the MQL market. This EA is fully and exclusively developed to work with the AUDUSD pair, and the tests have shown that only AUDUSD can be traded with minimal risk and minimal reduction. So the EA is optimized for AUDUSD.

AUD/USD IM Trader EA is a robot created in March 2020 by the Greek developer Georgios Vergakis. Georgios Vergakis is a prolific creator of automated trading systems with several tools in the MQL market. This EA is fully and exclusively developed to work with the AUDUSD pair, and the tests have shown that only AUDUSD can be traded with minimal risk and minimal reduction. So the EA is optimized for AUDUSD.

AUD/USD IM Trader EA is a robot created in March 2020 by the Greek developer Georgios Vergakis. Georgios Vergakis is a prolific creator of automated trading systems with several tools in the MQL market. This EA is fully and exclusively developed to work with the AUDUSD pair, and the tests have shown that only AUDUSD can be traded with minimal risk and minimal reduction. So the EA is optimized for AUDUSD.

This EA works very well during the London session only, “then trades back and 100% bad in late hours, made 400 USD more net profit (including BUY, Sell Signals, Trend Times and Side Price Action)” That would have been $1,142 on a lot. The algorithm is pretty solid and immune to false signals at the moment. If this really withstands the test of time it will develop into a very serious EA. In summary, you can really spot turning points in the market, but you need improvements in identifying clear Sell and Buy signals for all trading hours, and that’s why the developer will make future EA updates for better EA behavior.

In fact, the algorithm can’t give accurate BUY/SELL signals, but it still detects turning points very accurately, so when it works it does very well, and when it starts to fail somehow the BUY/SELL is reversed, and it’s 100% wrong. To solve this, a self-learning algorithm has been sought, the binary function is already correct, and independent of the market price trend, when the signal changes the trend will be reversed.

The goal is to optimize it further if necessary, but it is already cost-effective, keep in mind that the inverse sensitivity default is set at 1.000025, the higher the number the fewer operations will be activated, and the smaller the number the more transactions will be activated. It is usually set from 1 to 1.00004, but the test you see is for 1.00001 and in H1 time frame.

Please set the inverse sensitivity factor to 1.00001 when you try in Table H1, you can try the highest number or the default 1.000025 in smaller deadlines, this remains to be proven, but for now, the EA shows profitability in H1, in inverse sensitivity 1.00001. The stops are set to 135 pips. It is an Intermarket indicator that takes data from many European pairs and USDJPY. So don’t assume that you trade only AUDUSD, it’s just that the movement of AUDUSD depends on the patterns in all those other pairs. In fact, the EA negotiates patterns in EURCHF, USDJPY, and several other pairs. This EA may require a minimum of $2,000 in acc size, and small-batch size to start operating, and is proving to be able to recover accounts blown by other risk strategies.

In conclusion, we are talking about an EA trading at market turning points. As the developer says, although the robot is already profitable right now, it needs improvements because they have detected situations in which it does not work very well. Therefore we recommend waiting for the EA to have all the necessary updates for its optimal functioning, and only then we will evaluate the possibility of buying it.

As with any EA, it is recommended to use a dedicated virtual server or VPS, and in case of not having one, you have to have the computer turned on 24/7 to assume all transactions ordered by the robot. An ECN account of a reliable broker with low spreads and low latency is also required for transactions to be executed in the shortest time possible. Currently, as a very recent tool, there are no reviews of users who have tried the EA and can share their experiences with it. The rental price of Audusd IM Trader EA is 330 USD for one month of use, and 700 USD for 3 months of use, as it is currently not for sale to MQL market users.

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Forex Service Review

Relax EUR/USD M5 EA Review

Relax Eurusd M5 EA is a robot created in March 2020 by German developer Raphael Schwietering. Raphael Schwietering is a prolific creator of automated trading tools, and many of them are available on the MQL market. Relax is a high-class expert automated consultant who is fully optimized for the future market in the EURUSD and […]

Relax Eurusd M5 EA is a robot created in March 2020 by German developer Raphael Schwietering. Raphael Schwietering is a prolific creator of automated trading tools, and many of them are available on the MQL market. Relax is a high-class expert automated consultant who is fully optimized for the future market in the EURUSD and […]

Relax Eurusd M5 EA is a robot created in March 2020 by German developer Raphael Schwietering. Raphael Schwietering is a prolific creator of automated trading tools, and many of them are available on the MQL market. Relax is a high-class expert automated consultant who is fully optimized for the future market in the EURUSD and M5 time frames. It is specially designed for the latest market situations. It’s working with its own complex algorithm combined with some indicators to get entry and exit opportunities.

The entry and exit logic only work in Bar Close. This filters out market noise, dramatically accelerates optimizations, prevents hunting for loss of stop, and ensures proper operation in any runner with a reasonable length. The robot uses a last generation algorithm to detect entry points as well as several additional filters to enter and exit the market.

The expert was tested with high-quality historical data with exceptional results. The tests made by the developer were performed with the actual tick date with 99.90% accuracy, actual propagation, additional slip, and high commission. This tool does not use toxic or dangerous strategies, No grid, no martingale, no arbitrage, no tick pull, and no curve adjustment. 1 year 99% test quality with one lot size.

  • Backtest Method Faster with Model: Open Prices Only.
  • There is no need for optimization.
  • Optional TP /SL Basket function for daily earnings.
  • When TP or SL Basket came to stop and start the next day a new session.
  • Best optimized for real market situations.
Relax EUR/USD M5 EA Features
  • Works with 4-5 digit quoted brokers.
  • Propagation filter.
  • Equity Stop.
  • Protection of reduction.
  • Takeprofit Basket Function.
  • Stop-loss basket function.
  • Stop trading the Rest of the day TP/SL Basket Reached.
  • Quick buttons to close open commands.
  • Info panel with EA information.
  • 5 Types of Money Management.
  • Negotiating times are adjustable.
  • Advanced algorithm to get in and out of the market.

Deadline: M5 – It is not recommended to use other deadlines for this robot, as they can only compromise the accuracy of operations.

SYMBOLS: EURUSD – This robot has not been used in other currency pairs.

Recommendations:

-Before using real money, test the advisor with minimal risk on the penny trading account or demo account.

-Use VPS or server with minimal network delays on the broker server. If you do not have a server, you must keep your computer on 24/7.

–Low spreads + low commission + quality execution – this is the main thing when choosing a broker for trading, besides offering us a low latency so that the orders are executed as quickly as possible.

-Account coverage is allowed.

-Leverage recommended 1:100.

In conclusion, we are again faced with an EA of which the developer provides us with very little information, and besides, being a tool of very recent creation, we do not have user comments about its functioning and experiences with it.

We will always recommend downloading the free demo version to know how this EA works and verify that the results are as good as those shown by the creator in a screenshot. We are not available to see this EA work in an audited real account as would be desirable.
Relax Eurusd M5 EA is for sale on the MQL market at a price of 349 USD and is also available as a rental version at a price of 299 USD for use for 1 year.

Categories
Forex Service Review

North East Way EA Review

North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in […]

North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in […]

North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in trade – the return of price after a strong move in either direction.

EA SETUP:

You can run all pairs from a single chart using One Chart Setup (only M15 chart is recommended). The recommended minimum balance for running all pairs is 1000 USD.
This EA is NOT sensitive to propagation, slip, or any other variable related to the broker.
Use recommended pairs only.

EA TESTING:

Each pair must be tested separately. Only open prices can be utilized for testing, as the tool only uses open prices internally. When testing, use M15 only. Long-term tests are recommended to show the stability of AS during various market conditions.

Some input parameters are:

-Recommended time frame: M15

-Recommended currencies: AUDNZD, NZDCAD, AUDCAD

-One chart setup – Launch the advisor at once in several currencies of a chart. Currency pairs must be listed with “,”.

-Just a symbol? – If true, and there are open positions in the account, the advisor does not open a new series of orders in another currency.

-For the use of the car lot – Base to be used by the consultant when calculating the lot: equity or balance.

-Or use the fixed balance – Or insert a fixed amount of balance into the currency of your deposit.

-Auto mm – if > 0, the EA uses automatic money management when calculating the lot.

-Auto mm =1000 – very aggressive. Auto mm >= 5000 – conservative.

-Fixed lot if Auto mm=0 – a fixed lot for the first delivery of a series.

-Recovery Mode – If it is true, then the advisor closes a series of orders only with benefits, but at the same time the logic of the work can be violated. If it is false, then the EA works according to its logic and a number of orders can be closed to loss.

-Martin Ratio – Martingale coefficient for a series of orders.

-The first real deal of this level – The higher the value, the less often the operations, but they are better.

Recommended input parameters (balanced risk):

  • Currencies: AUDNZD, NZDCAD, and AUDCAD.
  • Just a symbol? = false.
  • For the use of Auto lot: equity.
  • Car mm = 2000.
  • Recovery mode = true mode.
  • First real deal = 3.
  • Minimum balance 1000 USD.
  • Run the EA on the same table with the M15 time frame

Recommended input parameters (aggressive high-risk trading):

  • Currencies: AUDNZD, NZDCAD, and AUDCAD.
  • Just a symbol? = true.
  • For the use of Auto lot: equity.
  • Automm = 1000.
  • Recovery mode = true mode.
  • First real deal = 3
  • Minimum balance of $1000 USD.
  • Run the EA on the same table with the M15 time frame

In short, we are talking about an EA that takes advantage of the market pullbacks after a strong price movement. The idea is good. What we regret is that the developer does not provide a link to a real account where the robot is working. On the contrary, we offer several test screenshots where it seems that the EA can generate an excellent gain.

As with all EAs, we recommend having a dedicated virtual server or VPS to ensure that all transactions are executed correctly. It is also important to have an ECN account of a reliable and low latency broker so that our orders are executed in the shortest time possible since the robot launches them.

North East Way EA is for sale on the MQL market at a price of 99 USD and is not available for rent. It is advisable to download the demo version available so that you can test the EA, see how it works, and verify that you can get the desired results.

Categories
Forex Service Review

Guard FX Expert Advisor Review

Guard Fx EA is a robot created in March 2020 by Indonesian developer Herni Widiastuti. Herni Widiastuti is a regular online trading tool creator who has already successfully developed several EAs. The concept of GUARDFX EA is that each order will be guarded by other orders until the order is secure for release. The EA […]

Guard Fx EA is a robot created in March 2020 by Indonesian developer Herni Widiastuti. Herni Widiastuti is a regular online trading tool creator who has already successfully developed several EAs. The concept of GUARDFX EA is that each order will be guarded by other orders until the order is secure for release. The EA […]

Guard Fx EA is a robot created in March 2020 by Indonesian developer Herni Widiastuti. Herni Widiastuti is a regular online trading tool creator who has already successfully developed several EAs. The concept of GUARDFX EA is that each order will be guarded by other orders until the order is secure for release. The EA uses powerful strategies and approaches robust algorithms to capture the right price movements for an entry market.

The creator of Guardfx EA will continue with future updates to try to be the best expert advisor and meet the trading objectives of its users. The negotiation objectives of this Expert Advisor is a stable benefit with uses without grid, without martingale, without arbitration and the best part is fully automatic. The EA allows you to trade a fixed lot as well as includes the money management unit for automatic batch calculation based on default risk per transaction.

Recommendations:

Use Guardfx EA in a good broker with low propagation, low stop level, and low slide. Also, low latency to ensure that orders are executed in the shortest time possible. Please use this EA in currency pairs with low spread and low stop level. Operations will be protected by loss of stop. Tight trailing is implemented. It can work with several instruments simultaneously.

Recommended pairs: EURUSD, GBPUSD, USDCAD, and USDJPY (if possible with spreads below 1 pip).

Requirements:

  • Please use this EA in the time-frame M5.
  • Use in Low Spread pairs.
  • Margin of recommendation is less than 1 pips.
  • The recommended leverage account is 1:500.

VPS hosting 24/7 is highly recommended, and in case you do not have a dedicated virtual server you will have to leave your computer on 24/7 so that all commands executed by the robot are answered.

Main Parameters of Guard Fx EA:

  • Magic number = 999 – Used to identify an order.
  • Order cmt = concorde turbo – Comments on each operation.
  • Stop loss = 10 – Stop loss size in pips. 10 is 10 pips.
  • Trailing stop = 2 – The size of the trailer stop in pips.
  • Trailing start = 3 – Start to run trailing in pips.
  • Buffer = 3 – Distance in pips for pending orders.
  • Max spread=2 – Maximum diffusion accepted for pips trading.
  • Volume threshold = 5 – Setting for Entry Trigger. The value must be greater than 0.
  • Speed factor = 2 – Setting for Entry Trigger. Value between 1 – 10.
  • Risk = 2.0 – Risk value for operations.
  • Manual lot size = 0.01 – Value of lot used if Money management is false.

In conclusion, the reality is that the developer hardly explains what the operation of this EA consists of. We don’t like that lack of information. The creator barely shows us a screenshot of the results of a test where the system seems profitable but we note that the quality of the model used for such tests is 89% when it should be 99.9% quality of the ticks.

The only thing we can recommend is to download the demo version before purchasing this EA, as its price is quite high, in this way we will see its performance and its ability to generate profits. For an EA of these characteristics, the least we can demand from the developer is a real account audited with the robot running with real money.

If you want to have this tool, it is a vein in the MQL market at a price of 1000 USD. It is also available for rent at a price of 200 USD for 1 month of use and 300 USD for 3 months of use.

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Forex Service Review

Grid Stability Plus Semi Automatic EA Review

Grid Stability Plus Semi-Automatic EA is a robot created in March 2020 by developer Oleg Papkov. Oleg Papkov is a prolific creator of trading tools and has many of them available on the MQL market. The stability of the grid plus the semi-automatic expert advisor operates on the signals of the RSI indicator. Operations are […]

Grid Stability Plus Semi-Automatic EA is a robot created in March 2020 by developer Oleg Papkov. Oleg Papkov is a prolific creator of trading tools and has many of them available on the MQL market. The stability of the grid plus the semi-automatic expert advisor operates on the signals of the RSI indicator. Operations are […]

Grid Stability Plus Semi-Automatic EA is a robot created in March 2020 by developer Oleg Papkov. Oleg Papkov is a prolific creator of trading tools and has many of them available on the MQL market.

The stability of the grid plus the semi-automatic expert advisor operates on the signals of the RSI indicator. Operations are carried out in different directions when the indicator reaches values of 30 or 70. If the indicator exceeds the value 70, the sales address is selected for initial operations, and if the indicator decreases to the zone 30, the purchasing address is selected.

Profitable operations are closed by profit-taking. The unprofitable ones are processed by the expert advisor using the averaging method, a network of transactions is constructed in the same direction, the equilibrium level is calculated, and when the price reaches this level, the network is closed for taking a profit. The robot is based on the technology of the Greed Master, but it is much more advanced and accurate. The tool is easily optimized in the tester if the Report parameter is disabled (false).

The expert consultant has everything to analyze the state. There is also everything for manual work in parallel (semi-automatic mode).

Settings for Startup

-Section ” Hours of Negotiation”

-Hours to GMT offset – time compensation clock GMT known from broker server.

-Hours – if true, the EA operates from the time set by the Begin hour parameter (GMT) to the time End hour (GMT). If it is false, it is constantly negotiated.

-Start time (we are talking about initial transactions);

-End hour – end time (we are talking about initial transactions).

Tools for Money Management

-Offers – number of initial offers at a time;

-Maximum risk – starting batch of initial transactions. The batch of initial transactions depends on the balance of funds in the deposit;

-Lot stop-lot limiter in the Minlot range for the selected account to Max lot. This limits the growth of the batch of initial network transactions, which occurs depending on the deposit and the value of the parameter Maximum risk.

-Lot for manual – initial batch value for manually set transactions. This parameter can be modified using the corresponding buttons in the Expert Advisor tool window.

-Decrease parameter-factor to reduce the batch of initial offers;

-TP-take advantage in points of the open price or level of equilibrium;

-RSI-period of the RSI indicator. If the indicator is above the level of 70, the Short direction is selected, if it is less than 30, – Length;

-Step-by-step points between the knees of the averaging network;

-On-off unline-if it is true, the unequal increase mode of the average network pass is activated.

-Coefficient of increase of the average network.

Forced choice of direction modes.

  • SELL – if true, SELL address is allowed.
  • BUY – if true, the address BUY is allowed.

Parameters of the Restriction

Lot max-limit maximum lot that the consultant can use in the network building process.

On-off lock, if true, means the constraint mode for the margin level is enabled. If the margin level is below the Lock level value during the advisor’s operation, the consultant calculates the total batches per address. It calculates the difference up to the lot parity and establishes the agreement in the direction of the smallest total lot with a much equal difference, thus establishing the status of batch parity, the so-called block. That is, the loss of one direction is balanced with the benefit of the other. The expert advisor stops any action, leaving the trader to handle this potentially dangerous situation on his own;

  • Blocking level limit level for margin level value.
  • Delobj – By removing the advisor in the window, all the advisor objects are deleted.
  • Trailing stop and step-trailing parameters.

The stability of the grid plus the semi-automatic Expert Advisor can be adjusted to different modes with these parameters according to the wishes of the operator. The default parameters are in the currency pair EURUSD and a time frame of H1 and are considered moderately aggressive.

In short, we are talking about a robot that trades following the signals of the RSI. There are many Eas in the market that is governed by this popular indicator. And in the case of Grid Stability Plus Semi-Automatic EA we do not have references from users who have tried it and given their opinions, as it is a tool of very recent creation.

Remember that we always advise using a dedicated virtual server to avoid losing any transaction made by the EA, if we do not have a server, we will have to leave our computer on 24/7. Equally important is having an ECN account at a reliable, low latency broker so that orders are executed in the shortest time possible.

It is advisable to download the demo version of this EA and know how it works, as well as verify what results we can obtain with its use. Grid Stability Plus Semi-Automatic EA is for sale on the MQL market at a price of 50 USD. You can also rent for 11 USD per month, 25 USD for 3 months, and 30 USD for 6 months.

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Forex Service Review

Hedging Champ EA Review

Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the […]

Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the […]

Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the movement of pairs that go up and down thousands of pips in seconds.

In the foreign exchange market, we don’t know what will happen in the future. We can predict, but the predictions don’t always match what we expect. Therefore, it is very important always to protect our trade if prices move against the direction.

How Hedging Champ’s expert advisor works:

If it looks like the price is going to rise, you can choose the open position mode: Starting with Buy, the expert advisor will immediately take a buying position. If the price appears and has not reached the target profit, the expert advisor will take another buying position until the target profit is reached.

And on the contrary, since the price analysis has touched the resistance and will move down, please select the open position mode: Start with sell. If the price turns against the management, the expert advisor will take the opposite position.

But if you don’t know if prices will rise or fall and you have no idea where prices will move, you can choose the open position mode Xbars and fill in the number of bars to be calculated to know the highs and lows to determine points of purchase and sale. If the price breaks the breaking point upwards, a buying position will open, and vice versa if it touches the breaking point downwards, a short position will open.

Traders can also use the open position mode Start with trendline and Close With Trendline. Merchants can draw a trend line buying, selling, stopping losses, and take profit according to the analysis that has been done. And also added Buy, Sell, Close Everything, Close Profit, Close Buy, and Close Sell Buttons. So merchants can place orders at the press of a button.

Trendline and Button also work in the backtester, so traders can practice trading skills and open position methods. The weakness of the expert consultant’s break is whether the market is in a lateral condition, and this is why a partial closure button is provided.

After analyzing the market situation and there is no news or events that will cause prices to move sharply, traders can activate the partial shutdown mode by pressing the partial shutdown button.

The expert advisor shall immediately calculate and open the required position and close the longest position until all operations reach a profit. When clean, press the partial close button again to return to the starting position.

The default setting can be used on almost all pairs when there is an extreme movement up and down. The suggested starting balance is 1000 USD for a pair with lots 0.01 max trade and timeframe H1, but if you want to trade XAUUSD the minimum balance is 2000 USD because the pair XAUUSD requires a greater margin to take 1 position with lots 0.01.

Suggested currency pairs to start with are: EURUSD and USDJPY

In short, we’re talking about a robot that seems to be well-designed to work optimally in markets with high volatility and sharp price movements. We always recommend that when using an EA you have available a dedicated virtual server or VPS, to ensure that we do not miss any trade done by the advisor. It is also important that we have an ECN account in a reliable broker with low latency so that the orders are executed in the shortest time possible.

This tool has been on the market for a very short time, so we do not have comments from users who have tried it and can give us their opinions. We always recommend that our readers download the free trial demo version to familiarize themselves with the operation of the tool and verify what performance can be expected from it.

Hedging Champ EA is for sale on the MQL market at a price of 299 USD. You can also rent, at a price of 50 USD for 1 month, 75 USD for 3 months, 100 USD for 6 months, and 175 USD for 1 year.

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Forex Service Review

Lev Forex EA Review

Lev Ea is an automated system created in March 2020 by the Belarusian developer Ruslan Brezovskiy. Ruslan Brezovskiy is a prolific creator of trading tools, many of which you can find in the MQL market. Lev is an expert consultant who trades in fully automated trends, which can be used for both scalping and long-term […]

Lev Ea is an automated system created in March 2020 by the Belarusian developer Ruslan Brezovskiy. Ruslan Brezovskiy is a prolific creator of trading tools, many of which you can find in the MQL market. Lev is an expert consultant who trades in fully automated trends, which can be used for both scalping and long-term […]

Lev Ea is an automated system created in March 2020 by the Belarusian developer Ruslan Brezovskiy. Ruslan Brezovskiy is a prolific creator of trading tools, many of which you can find in the MQL market.

Lev is an expert consultant who trades in fully automated trends, which can be used for both scalping and long-term trading. The essence of the strategy is to open operations in the direction of the main trend in pullbacks. The basis for entering the trade are the Bollinger bands and several moving averages that determine the direction of the trend. The exit from trade occurs by Stop Loss/ Take Profit or when EA received a signal about the end of the trend. It can work in several currency pairs and time frames. Optimal settings have already been selected and come default in EA.

Features and benefits of Lev EA:

-Fully automated and requires no additional attention.

-It does not use dangerous or high-risk strategies such as the network and the martingale.

-Dissemination does not affect the consultant’s work.

-Suitable for working with any broker who provides an ECN account and has low latency to ensure that transactions are made in the shortest time possible.

-The recommended minimum deposit is only $100 USD.

-There is a function to automatically calculate the volume based on the size of the tank.

-A simple mechanism to manage risk by changing parameters to calculate the volume and multiplier of the network.

-There is a delay stop-loss function when the price moves in the direction of trade.

To maximize the potential of the advisor, you can configure it in several trading tools at the same time. For stable operation, the use of a VPS or dedicated virtual server is recommended. If this resource is not available you will need to keep your computer on 24/7 to make sure we don’t lose any trade made by EA. The default setting is for EURUSD M5 (5 digits), which is the one that has shown the best results in the tests.

Some Lev EA input parameters are:

Moving average n1 – The number of bars to calculate the fast-moving average – used to open trade.

Moving average n2 – The number of bars to calculate the slow-moving average – used to open trade.

Moving average n3 – The number of bars to calculate the fast-moving average – used to exit the trade.

Moving average 4 – The number of bars to calculate the average slow movement – used to exit the trade.

Bollinger Bands Period – The number of bars to calculate the Bollinger band indicator.

Bollinger Band Deviation – Deviation Rate, used to calculate channel boundaries.

Timeframe – Timeframe used to determine the main trend.

In short, we are talking about a robot that trades in favour of trends, based on moving stockings and Bollinger Bands. There are many EAs that rely on these same indicators so there is strong competition between them.

The developer provides several screenshots showing the profitability that is able to generate this EA. But it will be more advisable for us to download the free trial demo and see for ourselves how the robot works and the benefits it can generate.

Lev EA is for sale on the MQL market at a price of 99 USD, although there is also the possibility of renting it for 33 USD for 1 month of use.

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Forex Service Review

Exp TickSniper Expert Advisor Review

Exp TickSniper EA is a robot that has been on the market for 7 years and has been updated periodically. Its creator is Vladislav Andruschenko, this developer has already created several successful advisors. Exp TickSniper is a fast tick climber that automatically selects the parameters for each currency pair separately. The EA has developed from […]

Exp TickSniper EA is a robot that has been on the market for 7 years and has been updated periodically. Its creator is Vladislav Andruschenko, this developer has already created several successful advisors. Exp TickSniper is a fast tick climber that automatically selects the parameters for each currency pair separately. The EA has developed from […]

Exp TickSniper EA is a robot that has been on the market for 7 years and has been updated periodically. Its creator is Vladislav Andruschenko, this developer has already created several successful advisors.

Exp TickSniper is a fast tick climber that automatically selects the parameters for each currency pair separately. The EA has developed from the experience gained in almost 10 years of programming and carries out short-term operations using an intelligent stop based on current currency pair data, their quotes, specification, and spread.

The averaging strategy is used to avoid losses caused by the signal detection algorithm. If an open position suffers a specific loss, then the averaged position function is activated. In extreme cases, the positions opened by Ticksniper are accompanied by a loss of stop. If the trading system cannot make a minimal profit, then the positions are closed by a loss stop one by one.

The system automatically defines the favorable stop loss and takes the gain levels as well as the distances of averaging positions, drag stop distance, etc. The EA obtains data on these parameters from a currency pair specification, current prices, and other factors that are part of our strategy. To start operating with our consultant, you need to install it on your account, then the robot will do its job.

Recommended commercial account:

Recommended AT-RISK deposit of 1,000 USD with a minimum batch of 0.01, 3 currency pairs (for example EURUSD, USDCHF, and USDJPY);

Recommended deposit AVERAGE RISK 300 USD with minimum lot 0.01 in a currency pair (e.g., EURUSD);

Recommended HIGH-RISK deposit of 100 USD with minimum lot 0.01 in 1 currency pair (e.g., EURUSD);

Broker requirements will be, ECN PRO, floating margin, and leverage 1:300 and above.

Important!

-It works on the currency pair, with the chart attached.

-The deadline doesn’t matter.

-A floating extension is recommended. A zero extension is prohibited.

-Each open position is accompanied by a loss of stop, averaging function, and an additional opening.

-The cumulative position (a series of open positions) has its final stop.

-If the position or series of positions benefits, the EA establishes a break-even point. If the price recedes, such a position is closed by the equilibrium point.

-The EA calculates the differential based on the average of the last ticks.

It seems that we are looking at a very recommendable EA, has been in the market for years and has been updated continuously, the last update was in January 2020. The creator of the robot is a very active developer in the forums of MQL, where it commercializes its EA, and always responds to all queries of its users. These users have been awarding positive appraisals of this automated system for years.

This Robot is available on the MQL market at a price of 199 USD, although you can also rent it for 35 USD per month, and try the free demo version.

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Forex Service Review

RSI Trend Line Alert Indicator Review

Before talking about the indicator, it is important to remember that it is the RSI. The RSI measures the ratio of upward movements to downward movements and makes the calculation so that the index develops in a range of 0-100. It was developed by J.Welles Wilder. If the RSI is equal to or greater than […]

Before talking about the indicator, it is important to remember that it is the RSI. The RSI measures the ratio of upward movements to downward movements and makes the calculation so that the index develops in a range of 0-100. It was developed by J.Welles Wilder. If the RSI is equal to or greater than […]

Before talking about the indicator, it is important to remember that it is the RSI. The RSI measures the ratio of upward movements to downward movements and makes the calculation so that the index develops in a range of 0-100. It was developed by J.Welles Wilder. If the RSI is equal to or greater than 70, the instrument is assumed to be over-bought (a situation in which prices have risen more than expected on the market). An RSI equal to or less than 30 is considered to be a sign of asset overbooking (a time when prices have fallen more than expected on the market).

Contrary to popular opinion, the RSI is a primary indicator. The formula for the RSI indicator takes two equations that are involved in the formula solution. The first equation of the component obtains the initial value of the Relative Strength (RS), which is the ratio of the mean ‘Up’, is closed to the mean of ‘Down’, is closed during the periods ‘N’ represented in the following formula:

RS = Average of day closures ‘N’/ Average of day closures ‘N’

The real value of RSI is calculated by indexing the indicator to 100, using the following formula:

RSI = 100 – (100 /1 + RS)

After reviewing the operation of the RSI, we will say that this indicator is a traditional RSI update in MT4. You can alert and send notifications (if configured) when :

-RSI line crosses its MA line

-RSI Enter and Exit Overbought and Oversold Zone. These zones can be set by the entrance.

-RSI cross line for trend line and horizontal line.

It has two working modes: in Closed candle and Running candle. With Closed candle mode, it only alerts when a candle is closed. The trader will only have to draw a line (trend line) in the RSI indicator window, and the indicator will automatically find that line and check if it is crossed.

It is a straightforward and useful indicator. The line alert (trend line and horizontal line) is activated by default. The trader only decides to use or not the alert for MA cross or Overbought/Oversold zone enter/exit. It is so simple to jump to trading using the Forex RSI indicator, that novice traders often start trading without trying other parameters, or educate themselves on the proper interpretation of an indicator, due to the desire to earn money quickly.

As a result, the RSI has become one of the most poorly used MT4 indicators. Once correctly understood and applied, the RSI has the ability to indicate whether prices are trending, when a market is over-bought or oversold, and the best price to enter or exit a transaction.

It can also indicate which trading period is most active, and provides information to determine key price levels for support and endurance. The RSI can provide you with trend technical information as well as RSI buying and selling signals. It is crucial that you practice RSI trading strategies in a demo account first, and then apply them to a live account. In addition, RSI strategies can complement any Forex trading strategy you have already been using.

In short, we are talking about a primary and classic indicator, as many traders have started trading with its use. This indicator can help us in making buying or selling decisions and can be very useful in the beginning. This version of the indicator is available on the MQL market, in the indicators section, at a price of 30USD, or for rent at a price of 10 USD per month. It is an economic indicator as there are multiple versions of the RSI available on the market.