Magneto Reverse Signal can be found within the MQL5 marketplace, it was created by Vladimir Blednov and was first uploaded on the 5th of September 2017, it has had a number of updates, the most recent update were on the 23rd of March 2019 and this brought the indicator up to version 1.31.
Magneto Reverse Signal is an indicator that can be sued with the MetaTrader 4 trading platform, the indicator is based on candlestick analysis and can be sued to help identify reverse points.
Some of the main features of the indicator:
- It does not redraw.
- Suitable for scalping and medium-term trading.
- Any timeframe, but H1 and higher are recommended.
- The number and quality of signals, the potential profit/loss is determined by the user and visible right away.
- Configuration using a movable panel right on the chart.
There are some parameters that come with the indicator, these include options for the bars, periods, gate, panel, alerts, and arrow point gaps.
The Magneto Reverse Signal can be purchased for $89, this will get you up to 5 activations of the software, there is also the option to rent the indicator, this will cost you $15 per month to do. A free demo version is available to use with the strategy tester within the MT4 platform.
There is no user review for ratings so there is no feedback available in regards to the quality or usefulness of the indicator. There are a number of comments, all of them are from the developer, the most recent was back in 2019 so it is not clear whether it is still being actively supported, in order to check, we would suggest sending your questions and queries to he developer to see whether it is still supported.
This Forex service is currently available at the following web address: https://www.mql5.com/en/market/product/25193