Tag: forex review

The Primus Trading Engine can be found within the indicator section of the MQL5 marketplace, there is a link to it below so you can see exactly which indicator we are looking at. The indicator was first uploaded by its creator Philip Muga on the 21st of August 2018, it has received a number of updates, the most recent were on the 16th of AMrch 2020 and this brought the indicator up to version 2.6.

Overview

The Primus Trading Engine is an indicator designed for the MetaTrader 4 trading platform, its purpose is to combine price action, ratio based indicators, and custom indicators to create a multi-timeframe approach in order to high probability trade setups for forex, CFDs, futures, metals and binary options.

The main features of the indicator:

Price Action Signal-Arrow displayed on a specific bar; NOT buy/sell arrow; DOES NOT repaint; Bullish arrow on a bullish bar, price is likely to go LONG; Bearish arrow on a bearish bar, price is likely to go SHORT; Bullish arrow on a bearish bar, price is likely going LONG momentarily before going SHORT; Bearish arrow on a bullish bar, price is likely going SHORT momentarily before going LONG.

• Entry Zone-Dynamic rectangular(Green/Red)box to show future price moves
• Green rectangle for LONG moves
• Red rectangle for SHORT moves
• When there is NO entry zone stay out of the market
• Target One-Dynamic low-risk target from the entry zone
• Target Two-Dynamic medium risk target from the entry zone
• Target Three-Dynamic high-risk target from the entry zone
• Stop Loss-Dynamic stop loss from entry zone
• Change Focus-When breached future price moves change from LONG to SHORT
• The following settings are recommended:
• Supports M1,M5,M15,M30,H1 & H4 for Forex,CFD Cash/Futures & Metals
• Supports M1,M5 & M15 for Binary Options
• Backtest on simulator FIRST then forward test on DEMO for at least 1 MONTH
• Trade one setup, one timeframe; Pick one, master one, trade one

Service Cost

The indicator is an expensive one, it will set you back $1,500 to purchase it outright with no limitations. If you do not want to spend that much you are also able to rent the indicator, you can rent in on a monthly basis for $75 per month, three months will cost you $150, 6 months will cost you $250 and to rent it for one year it will cost you $450.

There is a free demo version available to download, this version will have some limitations which are unfortunately not mentioned on the site, even with limitations, due to the price of the indicator we would recommend using the free version to test it out and to see if it has the functions you need.

Conclusion

It is unfortunate that there aren’t any reviews of the indicator to see what the people who have purchased it (if any) are finding it, there are plenty of comments, but they are all from the creator adding various bits of information or trade setups. Due to there being no reviews or comments, be sure to download and test the free version, also get in contact with the developer with any questions, this way you can be sure it suits your needs before making quite a hefty purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/30888

PZ Reversal Fractals MT4 is a piece of software that can be found within the indicator section of the MQL5 marketplace, there may be others with similar names, we have added a link to help avoid any potential confusion. The indicator was uploaded by its creator Arturo Lopez Perez on the 16th of August 2019, it was first added to the MQL5 marketplace as version 5.0 of the indicator and there have been no further updates since it was added.

Overview

The PZ Reversal Fractals MT4 is an indicator designed for the MetaTrader 4 trading platform. The indicator works by looking at the price structures of fractals to determine the possible reversal points within the markets, it will provide timing for positional trades that already have a fundamental and technical model.

The indicator is a lagging or reactive signal, the indicator will draw when all bars ina fractal close, it works well for those with an existing directional bias.

A few key features of the indicator:

• Reversal fractals can start long trends
• The indicator is non-repainting
• It implements alerts of all kinds
• Customizable colors and size

There are also a number of settings available to alter that can help adjust the indicator to suit what you need:

-Bars in Fractal: Amount of bars in each fractal. Must be an odd number such as 3, 5, 7, 9, 11, 13…

-Max History Bars: Amount of past bars to evaluate when the indicator loads

-Colors: customize arrows and lines colors and sizes

-Alerts: Enable or disable alerts of all kinds

Service Cost

The PZ Reversal Fractals MT4 is actually free to download, so there is no cost, you are able to download the full version completely free, no payments and no rental required. As the full version is free, there is no demo version available or needed.

Conclusion

At the time of writing, there are currently 16 reviews giving the indicator an overall rating of 4.5 out of 5.

“Awesome indicator, not 100% but no indicator is but damn it comes close!! and also it does not repaint big props” – A 4-star review.

“Love the indicator. Waiting for EA based on that from Arthur.” – A 5-star review.

“I really like this one and use it in most of my chart setups”

The majority of reviews ar every positive which shows that for the majority it is working as intended, there are a few reviews asking for help, there are also a lot of comments but no replies from the creator, so it is not clear if it is still being supported. The good news is that it is completely free, so it is easy to download and try it out without having to make a purchase of any kind.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/41310

Range Bars is an indicator that can be located in the MQL5 marketplace. There may be other indicators with similar names, so to avoid any confusion we have provided a link to the correct one below. The indicator was created by Artur Zas and was first uploaded on the 22nd of August 2017, it was last updated on the 4th of June 2019 and is currently at version 1.7.

Overview

Range Bars is an indicator that can be sued with the MetaTrader 4 trading platform. The indicator allows you to create custom range bar charts within the trading platform, it is recommended that you use the indicator on the 1-minute chart, but others also work.

There are a number of different settings available including:

Display settings:

• Display on an offline chart (M2, M3, M4, M6, M7, M8, M9 or M10)
• Apply a template to offline chart (name template to apply to the range bars chart)
• Automatically open offline chart (true/false)
• Build history for a number of days
• Reset Open on each trading day
• And more…

ATR based bar size calculation:

• Enabled (true/false)
• Daily ATR period
• Percentage of ATR to calculate candle size (high to low)

Alerts and Info:

• A sound signal on new bar (true/false)
• Only signal reversal bars (true/false)
• Use Alert Window to display signal (true/false)
• Sound file to play on the bullish bar
• Sound file to play on the bearish bar
• Color of High threshold indicator
• And more…

Service Cost

The Range Bars indicator can be purchased for $45, this is an outright purchase and will mean that you are able to use the indicator as much as you want, you are also able to rent the indicator on a monthly basis, this will cost you $10 per month. There is also a free version that you can download and try, this will have some limitations attached to it, but we are not sure what they will be.

Conclusion

There are two reviews available for the Range Bars indicator, they are both giving it 5 out of 5 stars which is a very positive start.

“Very good indicator, recommend!!”

“The Range Bars are awesome! fits perfectly into my strategy and much nicer and easier to trade than renko IMO.”

So both the reviews are very positive, as there aren’t many of them, we would recommend trying out the free version of the indicator, this will allow you to try it out and to make sure that you are able to get it set up and that it is in fact what you are looking for prior to making an actual purchase.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/24912

RSL Classic MT4 can be found on the MQL5 marketplace under the indicators heading. It was created by Rene Patrick Sauerwein and first uploaded to the marketplace on the 7th of June 2018, there have not been any updates so the indicator is still at version 1.0.

Overview

RSL Classic MT4 was created for the MetaTrader 4 platform, its main intention is to look at the relative strength of the markets.

The key concepts of the indicator:

-You can use this indicator on several instruments to compare their relative strength: Values resulting from the analysis will oscillate around a value of 1.

-The strongest instruments will have the highest RSL values (above 1) and the weakest instruments will have the lowest RSL values (below 1).

-You might want to buy the strongest instruments (highest RSL values) and sell the weakest instruments (lowest RSL values) to follow trends.

Some of the key features of the indicator:

-Works on all timeframes

-Works for all instruments that are available in the Market Watch window of your MetaTrader 4

-The output value from the buffer is shown in the separate indicator window and in the Data Window

-The indicator can be used in Expert Advisors using the iCustom() function for automated trading systems

-There are also a number of parameters, these include the name of the asset to analyze, the MA period the MA mode, the applied price, and the colors used.

Service Cost

The indicator will currently cost you $30 to purchase it outright, this is a one-off payment and will allow you to activate the indicator up to 5 times. There is not an option to rent it so the purchase is the only option available. There is a free demo version that can be used with the strategy tester within the MT4 platform.

Conclusion

There are two reviews fort he indicator that has given it an overall rating of 5 out of 5.

“I’ve been waiting for this for a long time, thank you!!!” – A 5-star review.

“A good addition to any portfolio. Drag several Symbols onto one charts (ie EURUSD, EURGBP, EURCHF, EURAUD) if they are all above 1, its a safe bet to be stay long on EUR. You can wait until a couple indicators drop to 1, or Take Profit when you feel like it. if you wait till the indi goes back to 1, you’ll end up with roughly no profit, OR if it has caught a good trend, the profit can be good. A 50/50 with either small losses, or bigger profit is a good bet in my books. It needs to be on a high TF, forget about any minute time frame.” – A 5-star review.

So the reviews are both very positive, there is only one comment available which is from the developer themselves, this was back in 2018 so it is not clear whether it is still being actively supported, you should contact them to make sure they are still around before you make a purchase, just to be sure you will be able to get some help should you need it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/29839

Super Prediction System can be found on the MQL5 marketplace under the indicators section, there may be other indicators with similar names so we have provided a link below to the one we are looking at. The indicator was first uploaded on the 25th of August 2016 by its creator Ondrej Frlicka, it has has a number of updates, the most recent update was on the 17th of December 2018 and this update brought the indicator up to version 2.90.

Overview

The Super Predictor System is an indicator designed for the MetaTrader 4 trading platform. The indicator was developed as an indicator with the aim to show trading signals ahead of time. The indicator will not repaint and will not change a signal once it has been made.

The indicator will draw an arrow at the opening of a candle, it will draw it in the direction that the indicator believes the markets will move. If you hold trades and the indicator does not paint a new arrow, then it could be a signal to come out of the trade. If the arrow is against the way you are trading, then it is advised to close the trade.

There isn’t actually much information about how the indicator comes up with its signals, just that it does.

Service Cost

The indicator can be purchased for $99 which will give you limitation free usage of the indicator. You are also able to rent the indicator, this will cost you $59 per month to do. A free demo version is also available, this will have some limitations to it but we do not know what they are as they are no stated on the site, it may still be worth downloading to try out even with the limitations.

Conclusion

There are 23 user reviews at the time of writing, these are giving the indicator an overall rating of 4.5 out of 5.

“It is a moving average indicator. Put any moving average length on power x and that moving average indicator on top and you will see it’s just a moving average. it’s not tracking world banks. The things people say on mql4 market to sell indicators are ridiculous. I’ll give it one star for the lie. Shouldn’t be allowed to lie to sell and mislead people” – A 2-star review.

“Excellent indicator. It is absolutely great that the indication of signal is along with the opening of a new candle. The indicator thus displays a real reality! Not as the remaining 99% here on the market!”

“This indicator is very good and useful, I rent the application and then I had to buy it. Rcomendado.“ – A 5-star review.

The majority of reviews are very positive, there are also plenty of comments within the comment section, the developer seems to be replying to the majority of them which shows that he is continuously supporting the indicator and those that have purchased it. We would still recommend trying out the free version, just to make sure that it does in fact do what you need it to and hat you are able to get it set up and working before making a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/17988

The Tick Volume Chart is a utility that can be found on the MQL5 marketplace, we have linked to the utility below. The Tick Volume Chart was first uploaded on the 20th of February 2015, it was last updated on the 10th of July 2018 and is currently on version 2.1.

Overview

The Tick Volume Chart is a utility that can be used with the MetaTrader 4 trading platform. The indicator is designed to create charts with a fixed tick volume, data sampling is then carried out via tick volume and not by time, each bar will contain a certain amount of trading volume, these settings can be adjusted to allow you to choose how much volume should be in each bar.

It is super easy to set up:

• Open the Navigator window
• Drag the indicator to a chart
• Open a chart by clicking the Open Chart button

Service Cost

The Tick Volume Chart is available to purchase for $30, this will give you unlimited access to it, you are also able to rent the software for $10 per month, this will be charged every month that you wish to use it. There is also a free demo version available, this demo version will allow you to test out the software. We are not sure what the potential limitations of this free version are, as they are not mentioned on the site.

Conclusion

There is only one review available for this software, that one review is a 5-star review which is a good start.

“It works perfectly :)”

As there aren’t too many reviews available, we would suggest downloading and trying out the demo version so you can be sure that it works for you and that it functions how you expect it to, do this before paying for the software.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/5806

AMD Exclusive Two can be found on the MQL5 marketplace within the indicators section. It was uploaded to the marketplace on the 10th of October 2017 by its developer Szymon Palczynski. It received a number of different updates, one of its most recent updates was on the 4th of December 2019 and this brought the indicator up to version 3.60.

Overview

AMD Exclusive Two is a MetaTrader 4 indicator which was designed to be your main trading strategy and tool. It doesn’t actually tell us how it will analyze the markets or what it will actually be doing which is a little strange.

Some of the main features include:

• Automatic optimization
• Overbalance (manual, semi-automatic and automatic)
• Main and additional signals
• Fibonacci
• Pivot
• Linear Regression Channel
• Mini Tester
• Early warning system (yellow cloud on the chart)
• 3D effect

There are also plenty of parameters that can be altered, these include things like the ID, method of determining the trend, the AMD trend period, command manager, push notifications, colors, and more.

Service Cost

The AMD Exclusive Two indicator can be purchased outright for $88, this will get you 5 activations of the indicator. There is also the option to rent it, this can be done on a monthly basis and will cost you $30 per month to rent. A free demo version is also present, the details are not stated on the site so we do not know what the full limitations of the free version are, however normally when there are no details it will only be usable with the strategy tester within the MT4 platform.

Conclusion

The EA currently has three user reviews giving it an overall rating of 3 out of 5.

“Hi, Sorry to burst the bubble here guys. This indicator is an absolutely disgraceful product. If you email user 204214 (below review) he will tell you he has keys to the system but will never reply to after you purchase the product. if you leave this indicator on the chart the signals it gives are deplorable across all time frames. if you reload the chart they look like a dream indicator again. You understand what I mean. Personally don’t waste your time and money in this market place, it’s no good with all its false-negative energy and everyone knows it and nothing works and it’s a money pit to extract funds from you on the charts and in the market place. Buyer beware!!!!!” – A 1-star review.

“BEST EVER!!! READ MY COMMENTS…LOSER TO HERO” – A 5-star review.

So a mix of reviews, there are also a number of comments from people who are using the indicator, the developer had been replying to a lot of them, there has not bee a comment in 2020 so we would recommend getting in touch with the developer with any questions that you ay have, this way you can be sure that it will do what you need and that it is still being supported before you make a purchase.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/25474

Bermaui Pin Bars and be found within the indicators section of the MQL5 marketplace, we have added a link below to the exact indicator to help avoid any confusion. Muhammad Elbermawi first uploaded the indicator to the MQL5 marketplace on the 2nd of August 2019, it was last updated on the 17th of November 2019, it is currently at version 2.1.

Overview

Bermaui Pin Bars is an indicator for the MetaTrader 4 trading platform, it was created to find Pin Bar price action patterns. The indicator also comes with a multi-timeframe candle direction panel and Bermaui Bands to help you figure out if the current trend it bulling, bearish or neutral.

The main features of the indicator:

• Draw Pin Bar patterns on the chart.
• Help the user to identify the trend depending on MTF Candles Direction Panel plus Bermaui Bands.
• A well-designed color list with two options (Black / White Background).
• Sound, email & mobile notifications depending on user’s choice.
• There are a few parameters that you can also alter, these include the colors, candles, and deviation multipliers.

Service Cost

The indicator can be purchase outright for $50 and will come with unlimited access with no limitations. If you would prefer, you can also rent the indicator this will for you $10 per month or $30 for three months of use. There is a free demo version but it will have some limitations which are currently not known to us as they are not stated on the website.

Conclusion

At the time of writing, there are 13 user reviews giving the indicator an overall rating of 5 out of 5.

“Great indicator, better than all the other pin bars indicators I have had in the past, truly amazing work. A tool all serious trader must-have. Thanks” – A 5-star review.

“By now faithful to your products, I have also acquired this .. together with others, great strategy!” – A 5-star review.

“Again excellent work! Very trustful developer, always purchase with confidence.” – A 5-star review.

So a lot of positive reviews which is great to see, there are also a number of comments, the developer seems to be trying to reply to most of them which show that he is still supporting the indicator, we would suggest trying out the free version, just to maker sure that the indicator is right for you before you decide to make a purchase or a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/40945

The Divergence Dashboard can be found on the MQL5 marketplace under the indicators category, we have provided a link to ti below just in case there are any other indicators with similar names. The indicator was first uploaded on the 13th of March 2019, by Jan Flodin, it received an update later in the year on the 23rd of December 2019 and is currently at version 1.6.

Overview

The Divergence Dashboard is an indicator for the MetaTrader 4 trading platform, the indicator works by sending alerts when one or two different divergences have been identified on a number of different timeframes. The indicator can be used on all timeframes from M5 up to MN and it possible to also use moving averages and RSI trend filters to filter out on the strongest signals. You can attach the indicator to a single chart and it will give you alerts for any symbols that you desire.

The main features of the indicator:

-Can detect divergences for following oscillators/indicators: MACD (signal line or mainline (histogram)), Stochastics, OsMA, RSI, CCI, Awesome, OBV, ADX, ATR, MFI, and Momentum.

-It is possible to select the time frames to be visible on the dashboard.

-Continuously performs a divergence rank sorting within the dashboard. It is possible to disable this sorting through to make it easier to find a specific symbol. The symbols will then be visible in the same order as they have been entered in the Symbols parameter or in the order they are visible in the Market Watch window.

-By clicking inside a rectangle a new chart will be opened with the symbol and time frame in question.

There are also a number of parameters available to change, these include things like the divergence settings, the MACD settings, symbols, and timeframes, moving averages settings, alerts, colors and text, trend filters, and many more options are available too.

Service Cost

The indicator can be purchased outright for $39, this version comes without any limitations, there is also the option to rent it on a monthly period, this will cost you $123 per month. The website shows that a free demo version is available to use and try out, the free version has some limitations, it can only be used on the EURSUD, GBPUSD, and USDJPY pairs and does not have support for mail or push alerts, even with these limitations we would suggest downloading and trying out the free version.

Conclusion

There are currently three different reviews for the Divergence Dashboard.

“Amazing indicator. It saves you a lot of time and helps you spot divergences very quickly (both = hidden and regular). It gives you a quick overview of the market in a blink of an eye. + Jan’s support is very helpful. I would highly recommend it.“ – No rating is given.

“Jan has surpassed his own ingenuity again! What a masterpiece for all Divergence Lovers.” – A 5-star review.

So the reviews are pretty positive which is a great sign, the developer has also been replying to comments in a prompt manner which shows that he is actively supporting the indicator and is giving a good quality customer support. We would recommend that you download eh free version and also get in touch with the developer with any queries, this was you can make sure that the indicator will do what you need it to do prior to making a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/36737

Created by Yasser Sabbaghi and uploaded it on the 12th of MAy 2016 to the MQL5 marketplace under the indicators heading, the Exponential Momentum indicator is certainly one of interest. It has received a number of updates, the most recent update was on the 26th of September 2017 and is currently at version 1.3.

Overview

Exponential Momentum is an indicator that was created for the MetaTrader 4 trading platform. It was created to act as a momentum indicator that will fade out the fake moves of the markets.

Some of the key features of the indicator:

• Smoothed to filter uncomfortable noises.
• Non-Lagging Exponential averaging.
• Line or Histogram drawing.
• Momentum on both bullish and bearish move.
• You can also use it like a CCI indicator.

It can be used in three different ways. As trend-following, GREEN for Bullish and PINK for Bearish. Take Buy position when the indicator makes a bottom and reverse upward or take Sell position when the indicator peaks and reverse down.

Momentum Strength, a higher value means higher strength. In case that this indicator reached extremely high or low values (relative to its historical values), you should assume a continuation of the current trend. For example, if the Momentum indicator reaches extremely high values and then turns down, you should assume prices will probably go still higher. In either case, only trade after prices confirms the signal generated by the indicator (for example, if prices peak and turn down, wait for prices to begin to fall before selling).

Divergence:

-A bullish divergence occurs when the price is making new lows while the indicator fails to make a new low.

-A bearish divergence occurs when the price is making new highs while the indicator fails to make new highs.

There are also a number of parameters available, these include the indicator type, first momentum average, safe mode, alerts on market changes, mobile phone notifications, and more.

Service Cost

The Exponential Momentum indicator can currently be purchase with a one-off payment fo $36 which will get you up to 5 activations of the indicator. There is also the option to rent it on a monthly basis, this will cost you $10 per month to rent it.

A free demo version is available but the details of the free version are not detailed on the site so it is not known what the limitations are, it may still be worth downloading to try out before making a purchase.

Conclusion

There’s just the one review is available giving the indicator an overall rating of 5 out of 5.

“Excellent! One of the best indicators I have ever seen!” – A 5-star review.

The review is positive, there are also two comments, the developer has not replied to either of them which isn’t a great sign for the customer support that you will receive. Due to the few ratings available, we would suggest trying out the free version and sending any queries to the developer as you want to be sure that they are still actively supporting the indicator and its customers before you make a purchase or a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/16086

MASR Bands is located on the MQL5 marketplace and is found under the indicators section. Muhammad Elbermawi is the creator and the first uploaded the indicator on the 4th of November 2019, it has been updated a number of times with the latest update being on the 17th of March 2020, the indicator is currently at version 2.0.

Overview

MASR Bands is an indicator that can be used with the MT4 trading platform, it was created for help you look for moving averages surrounded with two bands that will help to show the support and resistance levels.

Some of the main features of the indicator:

• MASR Bands do not repaint or recalculate its results.
• Well-designed parameters to help the user easily navigate between them.
• Sound, Mobile notification, and email alerts depending on user choice.
• MASR Bands code is revised to make sure that it will not consume the user’s PC memory.

There are also some parameters available these include the MASR candles, MASR moving averages, whether to show the arrows and verticle lines, sound alerts, whether to send emails or push notifications, the chart color, and a few more.

Service Cost

The MASR Bands indicator can be purchased with a one-off payment of $60, the developer has given you up to 1000 activations for each purchase. There are also two rental options the first will cost you $10 per month, the second is for a three month period which will cost you $30.

A free demo version is also available, the demo version can only be used with the EURUSD pair and only on the 1H chart.

Conclusion

Unfortunately, there aren’t any user reviews for the MASR Bands indicator so we cannot tell how users are finding it or if it is doing what it is meant to be doing, there are four comments, but they are all from the developer themselves giving some analysis or signals. The last comment was from 2020 so it appears that the creator is still being active and supporting the indicator which is good to see. As there are no reviews, we would suggest contacting them with any questions just to make sure that it will do what you need it to do before you make a purchase or a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/43431

Moving Average Proximity Alert Multiple Pairs can be found within the MQL5 marketplace under the indicators heading. We have added a link to the indicator below. The indicator was first uploaded by its creator Krisztian Kunzer on the 16th of July 2018, there have not been any further updates to the indicator is still at version 1.0.

Overview

The Moving Average Proximity Alert Multiple Pairs indication has been created for the MetaTrader 4 trading platform, it was designed to work with 16 currency pairs over multiple timeframes in order t ogive alerts when the price reaches a moving averages alert zone.

Main features of the indicator:

-Can monitor 16 currency pair’s moving average (EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, NZDUSD, USDCAD, EURJPY, GBPJPY, EURGBP,EURCHF, GBPCHF, EURAUD,GBPAUD,EURNZD,GBPNZD).

-Get alerts on screen, email, push notifications (mobile).

-Adjustable sensitivity.

-Displays the price (Bid) distance to moving average in points.

-Displays which alert is On.

There are also plenty of parameters available, some of them include the alert sounds, the type of alert to use, the MA range, MA timeframes, font colors, font sizes, and more.

Service Cost

You can purchase the indicator for $30 which is a one-off payment, you are also able to rent the indicator, you can do this for a three month period which will cost you $12, or you can rent it for one year which will cost you $25.

Conclusion

At the time of writing, there were three user reviews, however, two of them did not leave a rating, the one rating available has given the indicator and overall rating of 5 out of 5.

“It’s overall a very good indicator. Exactly what I needed. I can mention only one thing: I trade intraday charts, approx 5-6 what I am watching. Can you add a feature with which I can turn off/on some currency pairs. I would really appreciate it :)” – A 5-star review.

Along with the one review, there is only one comment, the developer has not responded to it. Due to the lack of activity, we would strongly suggest that you download and try out the free version, you should also send any queries that you have to the developer to ensure that they are still active and supporting the indictor.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/30426

Multi Currency True Currency can be found within the indicators section of the MQL5 marketplace. It was uploaded by Desmond Wright on the 13th of June 2018, it has not received any further updates and is still at version 1.0.

Overview

Multi Currency True Currency is an indicator that was designed to be used with the MetaTrader 4 platform, its main purpose is to act as a multi-currency strength indicator for day traders. The indicator does not use moving averages, it works with up to 12 customizable time periods, will automatically calculate and plot previous highs and lows, along with 2 side meters showing currency strength, pair strength, points movements, percentages, and pressure.

Some of the key features provided by the indicator:

• 12 customizable time periods for days of the week to hours and minutes
• Automatic plotting of values (highest/lowest)
• Display strength lines ONLY for the chart pair
• Display the strength lines of all the currency pairs
• Display strength lines for each currency
• Strength of each currency
• Number of points the currency pair has moved
• Number of points that the asset has moved above or below the high/low lines
• Percentage of the movement
• Absolute strength (pressure)

There are also some parameters available to alter, these include bars, font sizes, spacing, line width, whether to show strength, all currencies, prefix, suffix, timeframes, and more.

Service Cost

The Multi-Currency True Currency indicator will currently cost you $30 to purchase, this will give you up to 10 activations of the indicator, there is also the option to rent it on a monthly basis which will cost you $20 per month. A free demo version is also available but the limitations of this version are not stated on the site.

Conclusion

There is only one review that is not actually giving a rating so the overall rating remains as unrated.

“I see nothing good with this currency strength. Just one of those scraps in the forex industry. No good guide.” – A rating is given.

Even though there is no rating, the review is a negative one which is not a good start, there are three comments available, two are from the developer replying to the review and comment, the replied were back in 2018, so it is not known whether they are still supporting the indicator, due to this we would suggest contacting the developer to ensure that they will be available to support you should you nee dit once a purchase or rental has been made.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/29643

PipFinite Exit EDGE is an indicator that is found on the MQL5 marketplace, we have added a link below in order to make it clear which indicator we are currently looking at. The first version of this indicator was uploaded on the 22nd of May 2019, the most recent version was updated on the 1st of January 2020 and is currently sat at version 3.0.

Overview

The PipFinite Exit EDGE is an indicator to be used with the MetaTrader 4 trading platform, the Exit EDGE indicator helps you to maximize your profits and avoid winning trades turning into losers by finding the optimum exit times.

Some of the advantages of this indicator:

• Generates instant exit signals based on price action & volatility
• Powerful prediction algorithm that minimizes lag but maintains acceptable accuracy
• It provides an alternate exit strategy for your existing trading system
• Never repaints, never back paints, never recalculates
• Signals strictly on the “Open of the bar”
• Works in all symbols and all timeframes
• Integrated pop-up, email, push notification and sound alerts
• Fully compatible with the Expert Advisor (EA) development

There are also some parameters available that can slightly alter the way that the indicator works, these include things like the time period, volatility, maximum bars, misc parameters, display parameters, graphics parameters, and more.

Service Cost

The indicator currently costs $85 in order to purchase outright, this will give you unlimited use. Traders are also able to rent it. You can rent it for 1 month which will cost you $58, you will be charged this each month, you can also rent it for 1 year which will cost you $78 per year. There is also a free version available, but we do not know if there are any limitations to the free version of this indicator.

Conclusion

There are 40 different reviews, the overall rating that this indicator has received is 5 out of 5 stars.

“Very good indicator for scalping together with Trend Pro. I have very good results from the first day” – A 5-star review.

“Very good indicator helps me decide when to exit.” – A 5-star review.

“The third Pipfinite indicator bought. Love its easy and accurate prediction of the market. Worth 5-star rating.” – A 5-star review.

So there are a lot of positive reviews indicating that it must be doing something right, we would, however, recommend that you download the free version, just to be sure that it does in fact function as intended and that you are able to get it set up and working properly before making a purchase or renting it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/38568

The PipFinite Trend PRO MT5 is an indicator designed to help you analyze and trade that can be found on the MQL5 market. Just to ensure you know exactly which indicator we are reviewing we have posted the link to it below. The current version of this indicator is version 3.0, this was last updated on the 1st of January 2020.

Overview

In order to use this indicator, there should be just three easy steps to follow, the indicator will display a trade setup, you can set the stop loss and then set the take profit. It should be as simple as that.

Some of the features included are:

• Easy, visual and effective trend detection
• It gives you the ability to filter and further improve your trading strategies
• Enhanced statistics calculation following the entry point, take profit and exit signal
• Never repaints, never back paints, never recalculates
• Signals strictly on the “Close of the bar”
• Works in all symbols and all timeframes
• Integrated pop-up, email, push notification and sound alerts
• Fully compatible with the Expert Advisor (EA) development

There are a few additional parameters available to configure, such as the time periods, target factors, maximum historical bars, and then some graphical changes such as colors.

Service Cost

The current cost of this indicator is $98, you are also able to rent the indicator, for a one-month rental it is $48 per month, however, you are also able to rent it for a year which will set you back $88 per year. There is also a demo version available, which seems to have slightly different features, but we are not sure what the actual differences are, it is always worth testing out the demos before purchasing though.

Conclusion

There are a massive 357 different reviews available on this indicator, looking through the first 50 or so reviews they all seem to be 5 stars which can be both a great sign and a not so great one, often software with only 5-star reviews is a sign of fake reviews, but as we go further down the list there are a few one to four-star reviews in the list too.

“This is the best indicator I use and great congratulations to the team” – a 5-star review.

“A very good indicator my trading has improved a lot since I started using the Indicator” – a 5-star review.

“Hi, Everybody using PipFinite Trend PRO. I made a simple EA in order to demonstrate it’s profitability, but it seems it is not profitable.” – 1-star review.

There are a few comments mentioning that the creator is giving away the software for positive reviews which is a very underhanded tactic, so we hope that it is not true,m as always we would recommend using the free demo version in order to test out the indicator.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/26889

The Ultimate Strength Differential SE is an indicator that is currently found on the MQL5 marketplace, we have provided a link below so you can see exactly which indicator we are looking at. The indicator was first released on the 29th of April 2014, it has had a number of updates, the most recent were on the 3rd of November 2015 and it is currently on version 6.0.

Overview

The Strength Differential SE is an indicator designed to be used with the MetaTrader 4 trading platform. The indicator is designed to show the strength and weakness of the base currency related to the quote currency on any chart that it is placed on. The indicator is RSI based and is backed by solid mathematical and statistical data.

The main features of this indicator:

-Graphically shows the STRENGTH/WEAKNESS of a currency relative to another

-Can be used in EAs using iCustom to get data from the appropriate buffer (see INDICATOR BUFFER’ section for details)

-Can be configured to send push notification of trade opportunities to mobile terminal on new bar event

-Can be configured to email trade opportunities on new bar event

-Can be configured to generate an alert of trade opportunities on new bar event

-Highly customizable (Indicator colors can be customized. See ‘INPUT PARAMETERS’ section for details)

There are a number of parameters that can also be adapted and changed to alter the indicator to suit your own requirements, some of these include alerts, quote colors, base colors, strength periods, and more.

The indicator has a number of benefits such as revealing the market bias on at least 14 different currency pairs and it can be used on all timeframes.

Service Cost

You are able to buy this indicator for $34, this purchases it outright, there is not an option to rent this indicator which is something we see on a lot of them. There is a free demo version available, they have not made it clear what the limitations of this free version are, but we are certain that there will be some.

Conclusion

Unfortunately, there aren’t any reviews or ratings for this indicator, there is however a comment which got a very prompt reply from the creator which is always good to see. As we are not able to see what people think of the indicator, we would highly recommend that you download and try out the free version, this way you will be able to make sure that it does what you need and that you are able to get it set up correctly before you make any purchases.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/4155

Three MA Alert is found within the indicator section of the MQL5 marketplace. There is a link to it below. Thushara Dissanayake first uploaded the indicator to the MQL5 marketplace on the 14th of December 2017. It has had a number of different updates, the most recent update was posted on the 14th of November 2018 and this brought it up to version 1.3.

Overview

The Three MA Alert is an indicator for the MetaTrader 4 platform, it was created to send notifications to your mobile, email, or as a pop up when three moving averages crossover. The indicator works best on the EURSUD pair on the M30 timeframe.

The main features of the Three MA Alert indicator:

• Most popular MA strategy based
• Send notification to a mobile device, email and display a pop-up alert with sound
• Email alert includes Time-frame, Signal, Time, Bid, Ask, Spread, Account Balance, Account Equity and Account Profit
• Each notification Activate/ Deactivate function
• Draw signals quickly on the chart
• Display the battle between buyers and sellers as a percentage of the total volume
• Font, font size and color of the items can customize for a better view

A whole bunch of parameters are available, they allow you to slightly alter the function of the indicator to better suit your own needs. Some of the settings include the MA period, MA shift, MA method, MA line colors and styles, alerts, email alerts, pop up alerts, mobile alerts, graphic parameters such as arrow sizes, colors, and more.

Service Cost

The indicator will currently cost you $30 to purchase it outright, this version will have no limitations and can be used indefinitely. There is also an option to rent the indicator. This will cost you $20 for each year that you wish to use it. A free demo version is also provided. However, this will have some limitations that we, unfortunately, do not know what they are, it would still be worth downloading to try out though.

Conclusion

Unfortunately, there aren’t any reviews for us to look at so we do not know how people are finding the indicator and whether it does what it is supposed to. There is a comments section which has a number of comments from people who have purchased it, these are main questions about how to do certain things, the developer has been very active and has been replying to each and every comment which is a great signal and shows that they are actively supporting the indicator. Due to the lack of reviews, we would suggest downloading and trying the free versions well as sending any questions you may have to the creator, this way you can be sure that it is the right indicator for you befoe you ake a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/26978

Located on the MQL5 marketplace, Smart Grid Expert was created by Vadim Korolyuk and uploaded to the marketplace on the 17th of March 2020, it has had a few different updates, the most recent update was on the 25th of March 2020 and this brought the EA up to version 1.5.

Overview

The Smart Grip Expert is an expert advisor that was developed to be used with the MetaTrader 4 trading platform, it is a grid-based expert advisor which means that it can open up a lot of trades when the markets are going against you. It will open up trades in the same direction in the hope that the markets will reverse and then all trades can be closed for an overall profit, the concern comes when the markets do not turn and keep going against you, it can create a lot of trades with an ever-increasing drawdown and can potentially blow an account if it is not large enough.

The EA will analyze daily timeframes to determine the trend reversal and will open up orders in accordance with the trend. The Ea does not sue indicators, it will instead collect a grid of orders, regardless of whether the previous positions was a profit or a loss. The EA will try to protect the account by not trading during spread expansions at the end of a trading day or market swap over.

The EA was designed to be used with the GBPUSD currency pair and works with both 4 and 5 digit accounts.

There are a few parameters that come with the EA, these can be altered to change the way that the EA functions, some of the settings include the fixed lot sizes, the volume of trade to increase each time, money management settings, the amount of the account to risk, the gird step size, magic numbers, slippage settings, maximum spreads and more.

Service Cost

The Smart Grid Expert EA will cost you $500 to purchase with a one-time payment, purchasing it will allow you to activate the software up to 10 times and there are no further limitations to the purchased version. There is also the option to rent it, this can be done on a three month period that will cost you $150 for that time, or you can also rent it for six months which will cost you $250. There is a free demo version, this is limited to only being used with the strategy tester within the MetaTrader 4 platform and cannot be tested on a live account.

Conclusion

Unfortunately, at the time of writing, there were no reviews or ratings fro customers available on the site, so we do not know whether people are finding the EA useful and whether it has been profitable for them. There is also just the one comment which is from the developer giving out some new settings in a file. This does at least show that the developer is still supporting the EA which is a good sign, we would still suggest contacting the developer with any questions about the EA, just to make sure that it is the right EA for you as it does have quite a high purchase and rental price.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/46466

The Regression Line Beeta Channel and Triangle is an indicator that can be found on the MQL5 marketplace, we have linked to it below so there is no confusion as to which indicator we are reviewing. The indicator was released on the 4th of August 2016, it has not received any further updates and is still at version 1.0.

Overview

This is an indicator created to work with the MetaTrader 4 trading platform, it will display regression lines, moving averages, regression channel, and triangle movements.

It has a few parameters that can be changed to make it suit your needs.

• p: Amount of bars for the Regression Line calculation
• m: Regression Line degree (changes from 1 to 8)
• mn: Regression Channel degree (changes from 1 to 8)
• MaPeriod: Moving Average period
• MaMethod: Moving Average Method
• MaPrice: Moving Average Price
• RegLinePrice: Regression Line Price
• bars: Color bars true
• Triangle: Triangle true
• Channel: Regression Channel true

Service Cost

The Regression Line Beeta Channel and Triangle indicator currently costs $30 to purchase outright, there is not an option to rent the indicator. There is also a free demo version available, this can be used to test it out and to make sure it functions how you need it to.

Conclusion

Unfortunately, there aren’t any actual reviews available for this indicator, so we do not know how the clients are finding it or if it is, in fact, functioning how it should. There is a comment asking for help where the creator replied promptly which is a good sign, As there are no reviews, we would recommend using the demo version to test out the indicator to make sure that it works and that you are able to set it up on your own terminal.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/17781

Real Trend Line scan be found within the MQL5 marketplace under the indicators heading. It was first uploaded to the marketplace on the 6th of June 2017 by Harun Celik, it has not received any subsequent updates and so it is still at version 1.0 of the indicator.

Overview

Real Trend Lines was created for the MetaTrader 4 trading platform and acts as an indicator that will calculate trends using set channels and algorithms. It will help you to work out the trend return points and represents an oscillator. The indicator is best used with the M15, M30, or H1 timeframes.

The main features described by the developer:

Uptrend

Rule 1 – The yellow trend line should be below zero levels.
Rule 2 – The yellow trend line should be in the green and orange channels.
Rule 3 – The trend line should lookup in the channel.
Rule 4 – the pink trend line should be above the yellow trend line.

Downtrend

Rule 1 – The yellow trend line should be on zero levels.
Rule 2 – The yellow trend line should be in the green and orange channels.
Rule 3 – The trend line should look down on the channel.
Rule 4 – The pink trend line should go under the yellow trend line.

In terms of parameters, there are only a few available, these include the trend period, middle trend period, channel calculation period, and the display mode.

Service Cost

The Real Trend Lines indicator can be purchased for $30, this is a one-off payment that comes with no added limitations apart from the 20 activation limit. There is no option to rent this indicator so purchasing it is the only option available. There is a free demo version, however, this version will only be usable with the strategy tester within the MetaTrader 4 platform.

Conclusion

There are two reviews available from its users, they have given the indicator an overall rating of 5 out of 5.

“A great trends analysis tool, very helpful! But why can’t I change the preset colors? I use the Black/White color background, the yellow main trend line is not so visible for me.” – A 5-star review.

“Gets you into winning trade quite early, I prefer the 30 Minute with it” – A 5-star review.

So the current reviews are very positive, there are only two of them available but it is a great start. There are also a few comments, the developer was originally replying to most of them, he did not reply to the most recent, the main replies were back n 2017 and there have not been any developer comments since then. Due to this long time of no comments, we would suggest sending your queries to them before making a purchase, just to make sure that the developer will still be around to offer support should you need it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/23342

Narrator Fibonacci Auto and Manual English Voice can be found within the MQL5 marketplace, it was created by Artiom Choults, first uploaded on the 20th of October 2015 and has not had any further updates so the indicator is still at version 1.0.

Overview

Narrator Fibonacci Auto and Manual English Voice is an indicator that was designed for use with the MetaTrader 4 platform. The indicator was created for those that use Fibonacci levels for their analysis. The indicator can draw on the Fibonacci levels automatically based on ZigZags or you can draw them on manually.

Some of the benefits of the indicator include:

• Voice alerts, a built-in sound pack
• User-friendly navigation and interface
• Highly customizable input parameters
• Recovers itself after lost Internet connection, terminal restart or timeframe change
• Automated voice alerts
• Predefine the number of pips you want to be alerted in advance
• Supports the following levels 38.2%, 61.8%, 127.0%, 161.8%, 261.8%, 423.6% and 685.3%

If you do not use all these levels, then you can easily remove them in the “Fibo properties…” window after selecting and right-clicking on the Fibonacci object.
The alerts for the removed levels will disappear automatically.

There are a number of parameters available too, these include settings for the ZigZags, and also further options for the Fibonacci levels such as automatic or manual drawing.

Service Cost

The indicator will cost you $400 to purchase it outright, this will give you up to 7 activations and no further limitations. There are also a few options to rent the indicator, this can be done in the following ways.

• 1 Month – $20
• 3 Months – $40
• 6 Months – $59
• 1 Year – $100

A free demo version is also available, this version will be limited to use within the strategy tester of the MT4 platform.

Conclusion

There are two reviews available which have given the indicator an overall rating of 3.5 out of 5.

“Very good, but can not change the color.” – A 4-star review.

“Good points: Very accurate “automatic” fib levels, the best I’ve seen. Bad points: ZERO customer support ZERO customizable features; i.e Cannot remove/add fib levels, change colour, etc; Changes chart properties i.e Disables chart auto-scroll, etc; Due to limitations I no longer use it.” – A 3-star review.

So the reviews are mixed, the main concerning aspect is the claim that the developer is not responding, there aren’t any comments within the comment section for us to clarify this, but if you are thinking to purchase, we would suggest that you contact the developer to ensure that you will be able to get some support from them.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/11578

Lines Channel Pro can be found on the MQL5 marketplace under the indicators section. It was uploaded on the 22nd of September 2018 by Vitalyi Belyh, it was most recently updated on the 1st of February 2020 and is currently at version 9.0.

Overview

Lines Channel Pro is an indicator that was created for MT4, its main purpose is to determine the price reversals from high and low channels.

The indicator includes three main features:

• Close – Calculation for closing the bar
• High / Low – Calculation based on the Max / Min price of the bar
• MA – Calculation of the moving average

There are a number of additional parameters that can be changed, these include trend filters channel filters, line periods, noise levels, price method calculations, popup messages, email notifications, and more.

Service Cost

The indicator is an expensive one, if you wish to purchase it outright it will cost you $1,260, this will get you 10 activations and no other limitations. There is also the option to rent it, this can be done on a monthly basis which will cost you $65 per month, you can also rent it on a yearly basis which will cost you $365 per year.

There is a free demo version, but the limitations are not stated, it may only be usable within the MT4 strategy tester but we cannot say for sure.

Conclusion

There is only one user review, this review has given the indicator an overall rating of 5 out of 5.

“This is a wonderful indicator and I think its logic is much better than thousands of indicators available out there. Everyone should try it out. The author Vitalyi Belyh is also very responsive and always open to suggestions about his products. Keep it up, author.” – A 5-star review.

So the one available review is very positive but it is hard to get a bigger picture when there is just one review available, the developer has also been replying to the comments that are present within the comment section of the site. This shows that they are still willing to support it, there has not been a comment in 20202 yet so we would advise you to contact the developer before making a purchase to ensure that you will get some support, especially due to its very high price.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/31911

Intraday Momentum Index for MT4 is currently located on the MQL5 marketplace, we have added a link below that will take you directly to it. The indicator was first uploaded by its creator Luiz Tim on the 30th of January 2017 and there have been no updates so the current version of the indicator is still version 1.0.

Overview

Intraday Momentum Index for MT4 is an indicator that can be used with the MetaTrader 4 platform, it is a technical indicator that will combine the aspects of Candlestick Analysis with the Relative Strength Index (RSI).

The indicator will look at the relationship between the opening price and closing price of a given trading day. It will also look at the most recent price variations and it will aim to identify overbought and oversold conditions within the markets.

There is only one parameter available to alter and that is the time period that the indicator uses.

Service Cost

The Intraday Momentum Index for MT4 will currently cost you $15 to purchase it outright without any added limitations, if you do not wish to purchase it, you can also rent it for $10 per month. A free demo version is also available, this will have some limitations which are unfortunately not stated on the site, it may still be worth downloading to try out though.

Conclusion

There are no user reviews and also no comments for this indicator so we do not know if those that have purchased the indicator are finding that it does what it is meant o do or if it is not working properly. Due to this, we need to strongly suggest that you download the free version to test out, we would also suggest that you contact the developer with any questions that you have, not only will this be a way to make sure that it does what you need it to, it will also let you know whether the creator is still actively supporting the indicator or not before you make a purchase or a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/20555

FiboStrategy MT4 is currently found on the MQL5 marketplace under the indicators heading. There may be others with similar names so we have provided a link to the one we are looking at below. The indicator was created by Alexander Vinogradov, it was first uploaded on the 25th of December 2013 and is currently at version 1.2, the most recent update was on the 8th of July 2014.

Overview

FiboStrategy MT4 is an indicator for the MetaTrader 4 trading platform, as you can guess by the name, the indicator is based on Fibonacci levels.

The main objectives of the indicator:

-Calculation of the first market movement (from levels 0 to 100).

-Displaying possible price movement from 100 and higher to Profit Level, as well as in the opposite direction to Correction level and Revers level depending on the direction.

An example strategy is given by the creator:

-Buy signal appears when level 100 is above level 0. A pending order can be placed at any level. Take profit is set to ProfitLvl level. Stop-loss is set to ReversLvl level.

-If the order is not activated, while the price has reached ReversLvl, the pending order is to be deleted.

-Exit the market after the objective is achieved.

There are also a number of parameters that can be altered, these include the Correctlvl, Prfitlvl, ReversLvl, RestrictLvl, and pBand.

Service Cost

The indicator can be purchased for just $15 so it is relatively cheap when it comes to indicators, the only option available is to purchase it outright as there is not an option to rent it. There is a free demo version available, this version will have some limitations but the website does not indicate what these limitations may be, it is still worth downloading the free version to try it out.

Conclusion

There are currently two different revies for the indicator, they are both giving very different opinions, the overall rating is 3 out of 5 stars.

“There is no response from the developer to queries. Very confusing product.” – A 1-star review.

“Great and awesome indicator :)” – A 5-star review.

So a mix in opinion, the most concerning is the review about not getting a response from the developer, that review is from 2015, we can see that the developer has been actively responding to comments from a more recent date, so it is possible that the user did not know how to contact the developer properly, you could test this by sending a query to them to see if you get a reply. As there aren’t many reviews, we would recommend that you download and try out the free version, it will have some limitations but it will allow you to see how it functions and you can make sure that it does what you need it to do before you make a purchase.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/2440

Price Action triggers is an indicator that can be found on the MQL5 marketplace, it was created by Robert Maidla and was first uploaded on the 16th of March 2017, it received a number of updates, it was most recently updated on the 10th of October 2018 and is currently at version 4.1.

Overview

Price Action Triggers is an indicator that was designed for the MetaTrader 4 trading platform, it was created to look at price action within the markets to determine early entry positions. The signals that it will form will appear once a single or multi candle setup is detected.

The indicator should not be used as a standalone indicator as it does not take into account the market sentiment. The indicator will work with all timeframes and symbols but it is recommended to use on the higher timeframes of H4 and above.

There are a few parameters available these are the alerts, push notifications, and email settings.

Service Cost

The indicator will currently cost you $85 to purchase, doing so will allow you to activate the indicator up to 5 times. There is also an option to rent it on a monthly basis, this will end up costing you $45 per month. A free demo version is available but due to the lack of information, we believe that it can only be used with the MT4 strategy tester.

Conclusion

There are no reviews available for the indicator so it is not known whether other users are finding it useful or not. There are some comments the developer has been replying to the majority of them and has been very active up until 2018 where the comments stopped. Due to there not being any more comments, we would suggest trying to contact the developer with any queries that you have, this will allow you to check that it will do what you need it to and that the indicator is still being supported by the developer.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/21789

OneTM TrendDirection can be found on the MQL5 marketplace under the indicators heading, we have added a link below to it. The indicator was uploaded on the 12th of July 2016 by its creator Mehrdad Jeddi, it has not had any further updates and so it is still at version 1.0.

Overview

The OneTM TrendDirection was created for the MetaTrader 4 trading platform, it was created to show4 the direction of the market for long, short, and ranging trends. It can be used on all timeframes for each direction.

The main features of the indicator:

• Unique for catching the range or trend market
• Avoids whipsaws and uncertain market noise
• Good for scalper trading
• Useful on Renko charts
• Without any repaints
• Without any back pains
• Never recalculates
• Compatible with Expert Advisor development

There are only a couple parameters that can be used to slightly alter the indicator, these are the trend periods and the range periods.

Service Cost

The indicator currently costs $45 to purchase it outright with no limitations, there is also an option to rent it, this will cost you $16 per month to do so. A free demo version is also there, however, this will have some limitations that we are currently not aware of, it is always worth downloading to test out.

Conclusion

Just the one review is available, this is giving it a rating of 5 out of 5.

“Very good indicator !! Thanks 🙂 !”

So the only available review is positive, the same use rail asked a section in the comment section which got a very helpful response which is a good sign of the kind of customer support that you may receive. As there is only the one review, we would recommend downloading the limited free version, just to try it out so you can see how it works, also contact the developer with any queries so you can make sure it will meet your needs before putting any money down.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/11736