Tag: EA Review

RSI EA (Relative Strength Index) Review

Post author By Forex Academy
Post date 22 March, 2021
No Comments on RSI EA (Relative Strength Index) Review

The RSI EA (Relative Strength Index) is an expert advisor that can be found on QUIVOfx. On that site, traders will find quite a variety of expert advisors and indicators. For today though, we’ll focus solely on their RSI EA and its features and performance. Overview The way the system works is by finding both […]

Overview

The way the system works is by finding both entry and exit positions. It finds the entry-level by looking at the RSI level breaks if it goes into the oversold or overbought levels it may open a trade. In order to exit the trades, when the RSI level gets into a specific level.

The expert advisor is designed to be used on the MetaTrader 4 trading platform and there are three different versions available, the Basic, Advanced, and Pro account. The different versions come with different features, the higher the version the more features you will get.

All three versions come with money management, the ability to trade on new bars, an inverse strategy, and 2 different entry strategies.

The advanced version also comes with trailing stops, a break-even system, a spread filter, an MA trend filter, exit strategies, and the ability to trade just once per bar.

The Pro version comes with all the same features as well as a martingale system, candle trail, ATR tail, day/time filters, reverse on an opposite signal, and a trade direction feature.

There aren’t any examples of potential profits created by this expert advisor.

Service Cost

The basic version of this expert advisor is free, the Advanced level has a cost of CHF 29.90 while the Pro account has a cost of CHF 39.90. The Basic version can be used as a demo version of the expert advisor.

Conclusion

There are 170 ratings given to this expert advisor, at the moment its overall rating is 3.6/5, this isn’t a terrible score for having 170 ratings, however, it does show that it most likely does not work for anyone. There aren’t any actual written reviews about this expert advisor that we could find. The expert advisor is very basic and only looks at a single aspect of trading, however, there are plenty of options on the more advanced versions.

Tags EA Review, Expert Advisor Review, RSI EA Relative Strength Index Review, RSI Expert Advisor

Forex Service Review

Volumes Server MetaTrader EA Review

Post author By Forex Academy
Post date 4 December, 2020
No Comments on Volumes Server MetaTrader EA Review

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

Overview

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

Service Cost

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

Conclusion

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

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

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

Tags EA Review, Forex EA, Volumes Server

Forex Service Review

Universal Expert Advisor: Comprehensive Review

Post author By Forex Academy
Post date 16 November, 2020
No Comments on Universal Expert Advisor: Comprehensive Review

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

Overview

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

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

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

Service Cost

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

Conclusion

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

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

Tags EA Review, Forex Expert Advisor, Universal EA

Forex Service Review

Orion MetaTrader4 Expert Advisor Review

Post author By Forex Academy
Post date 20 October, 2020
No Comments on 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 […]

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.

Tags EA Review, MT4 EA, Orion EA

Forex Service Review

Bot Gap Expert Advisor Review

Post author By Forex Academy
Post date 15 October, 2020
No Comments on 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 […]

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.

Tags Bot Gap EA, EA Review, Forex EA

Forex Service Review

Mad Desire Forex EA Review

Post author By Forex Academy
Post date 15 October, 2020
No Comments on 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 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.

Tags EA Review, Forex EA, Mad Desire EA

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 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.

Tags EA Review, Forex EA Review, Stratos EA

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 […]

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.

Tags EA Review, Forex EA, Golden Dent EA

Forex Service Review

Level Pro Expert Advisor Review

Post author By Forex Academy
Post date 14 October, 2020
No Comments on 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 […]

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.

Tags EA Review, Forex EA, Level Pro EA

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 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.

Tags EA Review, Forex EA, Scalp Trader EA

Forex Service Review

M15 CCI Scalper EA Review

Post author By Forex Academy
Post date 14 October, 2020
No Comments on 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 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.

Tags EA Review, Forex EA, M15 CCI Scalper

Forex Service Review

MACD Expert Advisor Review

Post author By Forex Academy
Post date 14 May, 2020
No Comments on MACD Expert Advisor Review

The MACD RA is an expert advisor that is currently found on on the QUIVOfx website, there are a few expert advisors by this name, so to make sure you understand which one we are talking about, we have linked the expert advisor below. The current version on this expert advisor is v1.06 for the […]

Overview

The MACD expert advisor is designed to use moving average convergence and divergence in order to enter a trade. The expert advisor currently uses four different strategies.

Normal MACD: This will open up a trade once the signal line breaks through the MACD histogram and both are below (or above) the zero lines.

MACD Line Crosses Zero: Will open a buy position when the MACD line crosses the zero line from above.

Signal Line Crosses Zero: Will open a buy position if the signal line crosses the zero line from above

Super MACD: If the past three bars of the histogram are red and below zero, if a blue bar is opened then the EA will open up a trade (opposite for sells).

The expert advisor only works with MetaTrader 4 and is not compatible with any other trading platform, the different versions (basic, advanced, and pro) come with slightly different features.

The basic version comes with a money management system, the ability to trade on a new bar, and an inverse strategy.

The advanced version comes with everything tat the basic version does, as well as the ability to use a trailing stop, a break-even system, spread filters, an MA trend filter, and the ability to select how many trades per bar.

The Pro version comes with everything that the basic and advanced versions do as well as an exit strategy, the martingale strategy, candle trail, ATR trails, a day/time filter, the ability to reverse on opposite signals, and a trade direction feature.

There aren’t any results posted on the site about this expert advisor.

Service Cost

The basic version of this expert advisor is free, and so can be used as a demo to test out the functions, the advanced version currently costs CHF 29.90 while the pro version currently costs CHF 39.90, there isn’t a demo version of the advanced or pro versions available.

Conclusion

There aren’t any written reviews available for this expert advisor, there is a rating system available, the expert advisor currently has an overall rating of 3.9/5 with 151 ratings, this isn’t a terrible score and shows that the expert advisor is certainly working for some users.

This Forex Indicator is currently available at: https://quivofx.com/expert-advisor/macd-ea

Tags EA Review, Forex EA, MACD