Forex Service Review

Sniper Suite EA Review

Sniper Suite is an Expert Advisor that trades for its clients automatically, promising to be 100% stable and profitable since testing began back in 2001. Versions V1.5 and Ultimate Version X were recently released in June of 2020.


Like many other Expert Advisors, Sniper Suite was created to bring in profits for its users without requiring any effort from their side, aside from downloading and purchasing the software. This robot uses advanced price action and ATR indicators to make informed trading decisions while implementing a stop loss and cut-switch system to help cover any losses. Here are some of its most notable features:

  • Works on the MetaTrader 4 and 5 platforms with any type of trading account
  • Uses a stop loss on every trade
  • Cut-switch system covers any losses that are incurred
  • Developers recommend using the system on 3-5 pairs per account
  • Works with all currency pairs and timeframes

In addition to being versatile, the robot seems to be a good choice for beginners that might not be able to earn the same amount of profits as more experienced investors; however, the system’s price is a bit high, making it more difficult for beginners to purchase.

Service Cost

Sniper Suite offers three separate packages to choose from:

Basic Plan: Basic EA system, works with 1 live account and 1 demo account for $1,599
Ultimate Plan: Ultimate EA system, works with 1 live account and 1 demo account for $5,525

Combo Plan: Basic & Ultimate EA system, 5 live account licenses and works with unlimited demo accounts for $7,000

The recommended minimum deposit is at least $1,000 on a regular trading account.


Sniper Suite is a versatile product because it works with both MT4 and MT5, where many other EAs only support the earlier MT4 version. It also works with all currency pairs and timeframes and can be used with any type of trading account. Certain features also help to cover losses, including the cut-switch feature and the fact that a stop loss is used on every trade. While everything looks good so far, the cost of this EA system is likely to be a dealbreaker for many traders. With $1,599 being the cost for the Basic version with just one live and demo license, it’s safe to say this the system is very pricey. Our best advice is only to purchase this system if you can make a large investment so that the robot will be able to earn back your profits more quickly, as it does cost right at $8K for the Combo plan.

Forex Service Review

Forex Robotron FX Robot Review

Forex Robotron is an Expert Advisor developed by the Forex Robotron team. The team behind the development of this robot exists since 2013 but has perfected the EA until 2016 with a stable backtesting performance. No information is available about the developers. The latest version is 27 released in October 2019.

This MetaTrader 4 EA is based on the scalper strategy, executing a trade or two daily, during the calm, session end times around 9-11 pm GMT. The performance backtesting is stated to be based on real tick data, which means the testing precision is maximum. This EA is specialized for EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/USD, and USD/CAD pairs on the 5-minute timeframe as with many scalping EAs.


The performance of each pair is presented on but including the older versions. Although, we have noticed that the robot is also run on USD/JPY, AUD/NZD, and other currency pairs on stats summary. Forex Robotron webpage presents the results right away after their calculator that calculates how much you would gain with a specified deposit. The accounts presented on the website do not match the myfxbook account names. These are accounts before the 25 version of the EA. The current accounts are provided by external users and match the 25 version and have very good results but with a few warnings.

Namely, the testing and performance are done on Pepperstone, FXOpen, and KnitFX brokers. The presenting period does not account for the 2018 year where a huge drawdown is noted. A 57.21% drawdown is not attractive to most mid to long term traders and is one of the most important criteria for gauging how the EA manages risk. Even though the Forex Robotron features a fixed Stop Loss setting (20 pips) the balance drawdown is extreme. Daily gain is 0.32%, monthly 4.78% and total gain of 202.36% since 24 July 2018. The trades are open for a10 minutes or going longer to 4 hours, most of them being longs.

Trades that run longer than 2 hours proved to be mostly heavy losers. The Pepperstone account is used for these figures and according to the users, this EA is sensitive and will not show the same results with various brokers. Account number 3477293 shows the 2018 history but 3477294 and 3477295 show selective results from 2019 only where very good figures are presented. Yet, when we expand the analysis from the beginning, on 18th September 2018, we can see a 51% balance drawdown. We are no sure if this was done with an unperfected version of the EA. It is not known how this EA performs under FIFO broker restrictions.

Forex Robotron website is not well structured, performance charts create a very long page and at the bottom, the devs published a list of email feedback from users. All of them are positive which reduces the value of reading them. The FAQ page contains good answers on some critical points such as about the Spot Loss but in the majority is meant for Forex beginners. The developers do not disclose how the EA works, on what indicators are it based, and do not show an expert knowledge level about trading, at least not based on the website content.

Service Cost

At this point, the EA starts at $299 offering unlimited demo account licenses, 1 real account license, support, and updates. The standard package is $399 and offers 2 real licenses without any other benefits. Gold package is $499 with 3 real licenses and if you want an unlimited number of real account licenses the cost is $999. This sets Forex Robotron in the higher price range, especially since there is no demo EA available.


According to the other reviews and user reports, Forex Robotron does not show consistent results, is only optimal with brokers with very narrow spreads, no slippage, and fast execution times. The performance is inconclusive, unfortunately, the Forex Robotron team does not provide a demo so there is no way to test it for free.

This Forex service can be found at the following web address:

Forex Service Review

Samurai EA Night Scalper for Yen Review

Scalper EAs are popular nowadays, especially among the younger traders where fast trading and in line with their lifestyle and strategic approach. Samurai Expert Advisor is another night scalper with specialized market scope. It is developed by Maksim Shmyrev from Russia for the MetaTrader 4 platform. The initial version was published on the MQL5 market on the 10th of March 2015. It has never been updated and stayed on version 1.0.

Even though the EA has some attention from the market community, there are no new features. This is probably because the EA comes from the developer’s previous products no longer available. Maksim Shmyrev mostly develops scalper EA with the same price range and similar strategies, just different market scopes. However, no new products are published by him, the last one is from 2015, still, based on the latest positive review, he is available in 2020.


The Overview page describing the Samurai EA is very short, describing the EA in two words and then move on to the settings and the performance screens. Therefore, you will not know if the scalper works for you until you test it, the only information you can rely on is the screenshots and the ceased signal on the This signal has been stopped on the 26th of August 2015, a few months after the release of this EA. Samurai EA is specialized for the Yen related currency pairs, AUD/JPY, EUR/JPY, GBP/JPY, SGD/JPY, CAD/JPY, and USD/JPY. Interestingly, the Overview page does not have even the key information like what timeframe the EA is used on, but according to the comments left by the dev and traders, M15 is the optimal one to use.

The exact method or strategy is left out from all of his products that seem to be the same strategy, just optimized for other currencies such as the USD, CAD, AUD, and the EUR/USD. According to the developer, the JPY behavior is specific and the EA is optimized for long term trading. Scalping is defined as a high-frequency trading strategy, but it is not clear how frequent Samurai EA is trading as there is no statistical data on the MQL5. According to the data, the average holding time is 1h 22min, although we are not sure this is the matching EA.

In the settings panel, you will not have a lot to change. There are no clauses that reveal the inner workings of the EA, such as the indicators. There are no parameters that change the way EA is conducting the trades except a couple of filters, such as Max Spread and Slippage. The EA will work on the 5 or 4 digit brokers and it is FIFO compliant. The Risk Management module is integrated and it is not overly complex. Its parameter is just a percentage number relative to the account balance.

Based on this amount the EA will calculate the trade size. It will be for each currency pair, traders will need to attach the EA onto each chart they want EA to trade on. This parameter is called Auto MM, if you wish to used fixed trade sizing, it is defined by the Lot Size parameter. Aside from the GMT adjustments and the EA order comments plotting, there are no other settings. It is unknown if the EA has any Stop Loss or other protective measures so we will have to rely on the drawdown and other related figures form the backtesting screens.

Based on the report generated using the USD/JPY, CAD/JPY, EUR/JPY, GBP/JPY, SGD/JPY, and AUD/JPY (all pairs recommended by the developer) from 2011 to 2015 by the MQLsoft’s ReportManager 1.3.0. The success rate is 75.8%. meaning the EA has a good figure for a trend following strategy but not great for a scalper. Scalpers tend to have a higher number of small profit trades and have a few larger losing ones. In the case of Samurai EA, the average losing trade is -292 vs the average profit trade of 181. The average consecutive winning trades is 7 to 2.

Even the Maximal Drawdown is a very steady 7% although the Relative Drawdown is 43.86%, meaning the EA will leave profitable trades to fall back probably because of no exit signals generated. The result is 231k total net profit for this testing period and currency pairs. As for the signal from the, the drawdown is 39.39%, the average monthly gain is 13.66% before the closing of the account after a significant gain drop of -21.14% in August 2015.

Service Cost

Samurai EA’s price is $100 as the rest of the developer’s products. There is an option to rent if for one month for $40. You will receive 10 activations. The demo is offered and has been downloaded 1051 times since the initial release.


Traders have left a great score of 4.3 stars based on 7 reviews. The most useful is from the user registered as jimrob:

“Nice EA, steady returns with each position open to profit potential but also downside risks are controlled. Recommended.”

The negative opinion left is not covered with a reason. If you find good results from the backtesting the demo version, you should consider forward testing on a broker demo account and see if the EA shows consistency at least for 3 months.

This Forex service can be found at the following web address:

Forex Brokers

ECN Capital Review

ECN Capital is a product of Global Prisma Ltd. as an online foreign exchange broker that has coined that motto “Trade with the best”. The company was founded by two veteran Swiss capital market experts who followed their vision to help other traders benefit from their expertise, which comes from more than 15 years’ worth of experience in the field. More than 350,000 accounts have been opened since the website’s launch; however, traders should always conclude more thorough research before following the crowd. If you’re in the market for a forex broker, stay with us to find out all the facts about ECN Capital.

Account Types

ECN Capital offers five live account types: Silver, Gold, Platinum, MEGA, and ECN, in addition to Islamic versions of those accounts that are available upon request. The broker follows a tier-based system, where more expensive accounts offer access to better perks, like lowered trading costs, better educational resources, 24/7 customer service, signals, and free VPS.

Traders can get started with a deposit as low as $1 on the Silver account, or make a more significant deposit of $20K+ to access the better accounts. All accounts offer a leverage of up to 1:200, except for the MEGA account, which offers a higher 1:500 limit. One of the most important things to consider would be the cost of trading on each account – commission costs can be high on the Silver and ECN accounts, at $15 per lot, and spreads start from 3 pips and work their way down to 1.5 pips. Most of the accounts offer access to all of the available FX and CFD instruments, but traders should note that the Silver account does not offer agricultural commodities. Take a look at each account’s details below.

Silver Account
Minimum Deposit: $1 USD
Leverage: Up to 1:200
Minimum Trade Size: 0.01 lot
Spread: From 3 pips
Commission: $15 per lot

Gold Account
Minimum Deposit: $5,000 USD
Leverage: Up to 1:200
Minimum Trade Size: 0.1 lot
Spread: From 2 pips
Commission: $13 per lot

Platinum Account
Minimum Deposit: $20,000 USD
Leverage: Up to 1:200
Minimum Trade Size: 0.2 lots
Spread: From 1.5 pips
Commission: $9 per lot

MEGA Account
Minimum Deposit: $50,000 USD
Leverage: Up to 1:500
Minimum Trade Size: 0.5 lots
Spread: From 1.5 pips
Commission: $6 per lot

ECN Account
Minimum Deposit: $50,000 USD
Leverage: Up to 1:200
Minimum Trade Size: 0.01 – 0.2 lots
Spread: From 1.5 pips
Commission: $15 per lot


ECN Capital offers Sirix, which is a web-based platform that is focused on social trading. Offering several useful tools and charts, Sirix places more of an emphasis on social trading, which is something that the broker thinks highly of. Potential downsides would be the lack of PC and app-based downloads, but the platform can be accessed less conveniently through the mobile browser. The fact that the most popular options MetaTrader 4 and 5 are missing could be another negative for those that were hoping to see one of the more familiar options available. If you’re unsure about making the switch, or if you’ve never traded from a platform before, then we would recommend testing Sirix on a free demo account.


Traders can use maximum leverage of up to 1:200 on all of the account types, with the exception of the MEGA account, which allows one to use a more significant option of up to 1:500. Keep in mind that one’s chosen leverage ratio will affect overall success and that beginners will likely find the lower options more suitable. Professional traders typically prefer a leverage of around 1:100, but ECN Capital has made it possible for traders to increase their chosen leverage as they progress.

Trade Sizes

Each account comes offers separate minimum trade sizes. The minimum order volume is listed below.

  • Silver Account: One micro lot (0.01)
  • Gold Account: One mini lot (0.1)
  • Platinum Account: 0.2 lots
  • MEGA Account: 0.5 lots
  • ECN Account: 0.01 – 0.2 lots

If the funds in the account fall to 50% of the total sum invested in trades, a margin call will be issued and open trades will be closed automatically. This occurs because the total amount in the trading account is not enough to cover fees and losses that may occur with currently opened trades.

Trading Costs

ECN Capital profits from spreads, which start from 1.5 pips – 3 pips, commission fees, overnight interest charges, and inactivity fees. Traders will want to consider both the spreads and commission charges associated with each account when calculating the total trading cost. Accounts follow a typical pattern, where the account that asks for the smallest deposit comes with the highest trading costs. However, the broker does deviate from this patter on their ECN account, which offers their lowest spreads, while sharing the highest commission costs that are charged on the Silver account. It may be better to avoid the ECN account for this reason by choosing the MEGA account instead, which asks for the same $50K deposit. We’ve provided an overview of each account’s standard charges below for comparison.

  • Silver Account: Spreads from 3 pips, commissions of $15 per lot
  • Gold Account: Spreads from 2 pips, commissions of $13 per lot
  • Platinum Account: Spreads from 1.5 pips, commissions of $9 per lot
  • MEGA Account: Spreads from 1.5 pips, commissions of $6 per lot
  • ECN Account: Spreads from 1.5 pips, commissions of $15 per lot

Rollovers are automatic transfers of open trades to the next business day. Traders may be charged a swap fee based on trades that are rolled over, including a 3-day charge on Wednesdays. Islamic accounts are charged a fee for holding open trades for more than 2 days. Every third night, a commission will be charged according to the current spread rate. Inactivity fees are charged on accounts that are deemed inactive after a certain period of time with no activity. The website doesn’t define the actual period of time before accounts will begin to be charged – typically, this occurs within 1-3 months with zero activity. The fee is either 5% of the account’s balance, or 25 Euro/USD, whichever is higher. Inactivity begins to be calculated from the moment that the final transaction is made.


ECN Capital allows traders to trade major and minor currency pairs, along with the Chinese Yuan, Mexican Peso, South African Rand, Brazilian Real, and South Korean Won. Silver, Gold, Copper, Bronze, Nickel, Palladium, Platinum, and Lead are offered as spot metals. Stocks are offered from the two major stock exchanges NYCE and NASDAQ, along with other stocks from outside the US, like the London stock exchange, Japan Exchange Group, and Hong Kong exchange. Commodity options include Coal, Crude Oil, and Natural Gas, alongside agricultural options like Corn, Rice, Cotton, livestock, and others. The broker also features multiple cryptocurrency options, including Bitcoin, Bitcoin Cash, Litecoin, Ripple, and Ethereum. The only asset limitation would be the exclusion of agricultural instruments on the Silver account.


Spreads are divided into three price ranges, starting from 3 pips on the Silver account, 2 pips on the Gold account, and a shared 1.5 pips on the Platinum, MEGA, and ECN accounts. Traders will likely recognize that spreads on the broker’s more affordable accounts are less than advantageous, especially once combined with unattractive commission costs. We’ve provided a few examples below to help with spread comparison, and traders can view the entire chart under “Target Spreads” on the website.

  • EUR/USD: 3 pips on Silver, 2 pips on Gold, 1.5 pips on Platinum/MEGA/ECN
  • AUD/USD: 3.7 pips on Silver, 2.7 pips on Gold, 2 pips on Platinum/MEGA/ECN
  • USD/CAD: 3.6 pips on Silver, 2.6 pips on Gold, 1.9 pips on Platinum/MEGA/ECN
  • Gold & Silver: 65 pips on Silver, 55 pips on Gold, 40 pips on Platinum/MEGA/ECN

Minimum Deposit

Through the broker’s Silver account, traders can deposit any amount up to $5,000 USD in order to get started trading. As one of the few brokers that offer an account type with no minimum, ECN Capital is offering an attractive plus to beginners. The Gold account, which comes with spreads that are about 1 pip lower, requires a $5,000 USD deposit. From there, traders would need to make more significant deposits of $20K for a Platinum account and $50K for the MEGA and ECN account types. Accounts do come with differing minimum trade sizes, but the cost of trading is typically lowered as accounts rise in value.

Deposit Methods & Costs

Accounts can be funded by card, electronic payment methods, bank wire transfers, and online wallets. Once logged into the account, traders can make a deposit by navigating to the “Deposits” option under the “My Account” tab. Keep in mind that deposits will not be credited to the account until verification is complete and the broker would require proof of identity (POI) and proof of address (POA) documents beforehand. If you’re planning on funding by card, a photo of the front and back of the card is also required. Traders have the option to cover the card number except for the last four digits and the CVV code on the back of the card if desired. Deposits seem to be fee-free, except for possible bank charges on wire transfers.

Withdrawal Methods & Costs

Conditions state that funds must be withdrawn back to the original payment method, which is a standard practice implemented by brokers in order to prevent money laundering. Any profits will have to be withdrawn through bank wire as well. We do know that a fee of 25 to 50 USDEUR is charged on outgoing bank wire transfers, but the website isn’t clear about any fees that may be charged on other payments. This makes it a little more difficult to select the best payment method beforehand, considering that the information isn’t available for comparison.

Withdrawal Processing & Wait Time

The broker gives themselves a lengthy 7 business days to process withdrawals made through any method. This is one of the longest processing times we’ve seen before, and it can make the wait time much longer for those that would also have to wait for banks to process funds from their side.

Bonuses & Promotions

ECN Capital offers bonuses to all account holders, with bonus percentages being increased on better account status levels. Those that open a Gold account status level or higher are given the option between a predetermined bonus percentage, or a certain percentage of cashback based on incurred losses. If you do open an account that provides an option between the two choices, we would highly recommend taking the time to carefully consider which option would yield the best results, based on the amount of the deposit you’re planning to make and how successful of a trader you are. We’ve provided each account’s promotional offer below.

  • Silver Account: 30% Bonus
  • Gold Account: 40% Bonus OR 75% cashback on your losses
  • Platinum Account: 50% Bonus OR 100% cashback on your losses
  • MEGA Account: 50% Bonus OR 100% cashback on your losses
  • ECN Account: 50% Bonus OR 100% cashback on your losses

Educational & Trading Tools

ECN Capital offers different educational resources to different account holders. Each account is provided with an online financial course and 1 on 1 training, which could certainly be helpful to beginners. E-books are available to everyone except Silver account holders. Webinars and account managers are provided to accounts that cost $20K+ to open (Platinum, MEGA, ECN). VPS is also available for free for the lifetime of MEGA and ECN accounts and an economic calendar can be accessed for free on the website. While it’s disappointing that some of the options like E-books and webinars aren’t available for everyone, the broker does offer a more personalized learning experience, which is much more than many other brokers would consider having available for free.

Demo Account

ECN Capital does offer free demo accounts, which provide traders an unlimited opportunity to practice trading on the broker’s Sirix platform. One can open a demo through the trading platform if a live account has already been registered. Otherwise, it’s possible to request an account through support, since the website doesn’t offer the option to sign-up directly.

Customer Service

Customer service representatives can be contacted through LiveChat, phone, or email. At one point, the website advertises 24/7 support, 365 days a year. Elsewhere, the broker mentions that 24/7 live support is not available for Silver account holders. Traders can get in touch with an agent through the contact number +41445510256, or send an email to one of the provided email addresses:

Technical Support: [email protected]
Client Services: [email protected]

Countries Accepted

ECN Capital offers services to clients from all countries, including the United States. Their ability to do so is based on their more lenient registration in Seychelles. Those that are located in commonly restricted regions will likely feel relieved at being included with no harsh messages from support claiming that service isn’t available, which is a practice we’ve seen before by brokers that ban certain clients. The offshore registration isn’t the best quality in a broker, but traders should note that online reviews of this broker do not claim that it is a scam.


ECN Capital offers access to major, minor, and exotic currency pairs, plus a large variety of stocks, commodities, and cryptocurrencies. Five account types are available and the broker’s featured trading platform is the web-based, Sirix platform, which is web-based. The Silver account can be opened for any amount and minimum requirements range from $5K to $50K on the remaining live accounts. Trading costs can be high through this broker – starting spreads range from 1.5 – 3 pips and commission fees start at $6 per lot and climb to $15 per lot. A few deposit methods are offered, but long processing times and an overall lack of information about fees are frustrating.

Customer support is active 24/7 and can be reached pretty easily. Each account holder is provided with one-on-one training and an online financial course, and better offers, including VPS, webinars, E-books, and account managers are reserved for accounts that require a larger deposit. The broker also provides high bonuses or cashback rebates based on incurred losses. If you’re considering opening an account, we would recommend making the 5K deposit to open a Gold account (if possible), since Silver account holders aren’t provided with nearly as many advantages.

Forex Service Review

FFx Basket Scanner Review

FFx Basket Scanner is an indicator that was uploaded to the mql5 marketplace in August of 2017. It was developed by Eric Venturi-Bloxs, who has created multiple tools for MT4 and MT5. The indicator has not been updated from its original version.


This indicator was created to scan all pairs and timeframes in order to paint a clearer picture of which currencies should be traded or avoided. A couple of ways that traders can use it would be to watch for currencies to go into the “extreme zone” (which would give traders confidence to move forward with the trade) or to compare two currencies to find the best single pairs to trade.

Traders can select up to 5 indicators from the 16 available, and select any combination of up to 9 timeframes. Users can also change input levels controlling whether the calculation should be done at the close of the candle or in real-time, horizontal/vertical shift numbers, alert settings, etc.

Service Cost

The author only allows users to purchase the indicator (with 5 activations) for $30 USD. Similar products sell for the same price, but other developers often allow traders to rent their products for a shorter time at a lower rate. Fortunately, the developer does offer a free demo version that could be useful for testing.


The FFx Basket Scanner is an indicator that was created to help traders clearly see which trades to make by comparing currencies and watching for the price to enter outlined “extreme zones”. It has received a 5-star rating from users, but reviews are scare and some comments tell us that users had a hard time figuring things out. Still, some users have good things to say.

For example:

“This is one of the indicators that I use, works well at picking out winning pairs with my own incorporated strategy!” -Tim

“Absolutely superb.” -dimitror

Traders will simply need to figure out if this indicator could be helpful enough to pay the $30 software fee. As always, indicators can help traders to make more informed decisions, but they cannot guarantee traders will profit, as this depends on their own knowledge and strategy.

Forex Service Review

FRZ Breakout Trading Robot Review

FZR Breakout Trading Robot is an Expert Advisor that was published to the mql5 marketplace by developer Wanna Fernando. The original version was launched in January of 2019 and it was most previously updated to version 2.1 for miscellaneous improvements.


The FZR breakout Trading Robot automatically enters or sells orders when sudden sharp movements occur on charts with a time-sensitive strategy, which consists of moving a certain number of pips in a specified maximum number of seconds on the chart. By looking at the price movements over the period of time, the robot identifies potential breakout events and makes buy or sell decisions based on that data.

The developer sticks to this lower-risk strategy without using Martingale, grid, hedging, or averaging techniques, which are historically risky. Traders can also customize settings like SL, TP, and trailing stops, or use the EA without TP to take advantage of sudden spikes. Here are a few key facts about the robot:

-Works with any currency pair; GBPUSD, AUDUSD, EURUSD, and USDCAD are recommended
-M1 timeframe
-Compatible with MT4; MT5 version available
-Makes only one trade per bar
-Doubles as a news trader
-The developer recommends using a low-spread, low-latency, ultra-fast execution with low-latency VPS. An ECN broker is preferable, but not absolutely necessary.

The developer recommends choosing IC Markets, which comes with the advantage of a 30% discount on spreads and commissions when the IB code 23649 is used.

Service Cost

There are a few different costs to keep in mind anytime you’re planning on purchasing an EA. First, the most obvious cost would be the price to rent/buy the product. Unfortunately, the developer doesn’t allow traders to rent this product, so traders are looking at $129 USD to access it. Next, you’ll want to consider the cost of finding a broker that fits the above recommendations, which might mean paying extra for VPS, making a specified deposit into the trading account, and so on. Keep in mind that while renting is not an option, the developer does offer free demo accounts for testing.


FZR Breakout Trading Robot is a fully automated EA that identifies breakout events based on time data while doubling as a news trader. It is available for $139 USD, but the costs of using this EA will likely add up once VPS and other factors are considered. On the plus side, those that choose the recommended broker IC Markets and sign up with the provided IB code will receive a 30% discount. This product has been rated 5 stars (based off of two ratings), and received the following review:

“Much better than I thought. Simple logic but it works.” -JamesK123

It isn’t much feedback, but it is enough to let us know that the EA does work when used correctly. An installation & usage video is available, so traders shouldn’t have much of an issue getting acquainted with the program. Overall, this is a good EA that is worth purchasing if it fits into your budget.

This Forex service can be found at the following web address:

Forex Service Review

Copyist MT4 Universal Trade Copier Review

Copyist MT4 Universal is currently located on the MQL5 marketplace, we have provided a link to it below just in case there is another expert advisor with a similar name. Ihar Dubadzelau first uploaded the expert advisor on the 6th of August 2014, it has had a number of different updates, the most recent update was on the 2nd of June 2015 and is currently at version 2.20.


Copyist MT4 Universal is an expert advisor for the MetaTrader 4 platform, it was designed as a universal trade copier, the EA runs as both a provider and a receiver of trades, it uses multiple different algorithms which the aim to provide the fastest copying speeds possible.

The expert advisor has two modes, the receiver mode asl known as slave account s will receive the copy signal from another account and execute the same trade or trade using the selected settings. The sender account (known as a master account) will send a signal to all slaves that are attached to the system.

Plenty of settings and parameters to alter, these will slightly change the functionality of the expert advisor, some of them include which mode to use, account numbers, timers, prefix and suffice options, lot types (fixed, balance, or equity-based), lot multiplications, take profit levels, stop loss levels and more.

Service Cost

You have the option to purchase this expert advisor outright with no limitations for $10, many expert advisors on the MQL5 marketplace allow you to rent them, but this is not the case with this expert advisor so you can only purchase it. There is a free demo version, but the limitations are not known to us but it is often still worth downloading and trying it out.


At the time of writing, there are 41 different user reviews and ratings, they have given the expert advisor an overall rating of 4 out of 5.

“Until author responds to paying clients about serious EA issues that can obliterate your account, I wouldn’t purchase this software… the risk is too great… worthless software if it doesn’t do the job with 100% user confidence… do not support this author if he doesn’t support previous clients.” – A 1-star review.

“I use Copyist MT4 Universal at my real accounts. After reading the comments and testing it on my demo accounts with several setups, everything is very clear. Nothing is missing. This is the only copier that fulfills my all necessities. Thanks to Ihar Dubadzelau for his extremely robust expert. My advice is not to waste money and time with others. Buy this one and study all settings seriously before using it at your real accounts.” – A 5-star review.

“Excellent product – it has everything the regular users need! Igor (the author) also provided excellent and timely support by Skype. Thank you Igor!” – A 5-star review.

The majority of the review are positive but some of the more recent ones are talking about the seller no longer responding or helping, the comment section also does not have many replies from the creator so it seems like they may no longer be actively supporting the expert advisor. Due to this, we would suggest sending ina query to see if you get a reply, you could also try the free version to make sure that it does what it needs to do, if you creator is no longer responding then it may be better to find one that is being actively supported.

This Forex service is currently available in the MQL5 marketplace:

Forex Service Review

SuperTrend Multi-TF Multi-Pair Scanner Review

SuperTrend Scanner can be found on the MQL5 marketplace, there may be others with similar names so we have provided a link to the indicator that we are looking at below. The indicator was uploaded by FXsolutions, on the 27th of April 2018, it was last updated on the 6th of October 2018 and is currently at version 1.6.


The SuperTrend Scanner is an indicator for the MetaTrader 4 trading platform, the scanner helps to show the tend values for up to 30 instruments over 8 different timeframes. It can then send out alerts as soon as a trend changed.

There are multiple ways to use the scanner, the creator has suggested two of them as:

-With this scanner, you can trade a top-down approach easily. If two higher time frames e.g. W1 and D1 are already showing green values (upward trend) but the H4 time frame shows a red value (downward trend) then you can press the H4 button to get alerted when the value of the H4 time frame changes to the green value. These signals can be good trend continuation entries.

-You can also use this scanner for entry signals into MACD divergences. E.g. a bullish divergence exist on H4 but the SuperTrend values of the time frame H4 and H1 are still showing red values, then you can get alerts at the moment when the H4 or H1 value changes to green. These signals can be good entries in the direction of the divergence.

There are also some parameters available to alter, these include things like the ATR period, the trend multiplier, how to receive alerts (MT4, email, or push), template names, how often to check, and more.

Service Cost

The indicator will currently cost you $59 to purchase it outright without any added limitations. There is also the option to rent the indicator, you can do this over a one year period which will cost you $48 for the year.

A free demo version but the developer suggests downloading their free indicator that will show you the same results, it is slightly more limited and won’t have all the same functions but it can be used to make sure that it suits your needs.


There are currently 9 user reviews fro the SuperTrend Scanner, they are giving the indicator an overall rating of 5 out of 5.

“Good tool to see which pairs are trending at glance before drilling down to have a look to see if any trades are setting up, an excellent tool for time-saving, also good tool see when big money is at play the normal dump and pump I can take advantage on a good move quick 20-30 pips. Overall I like it a lot.” – A 5-star rating.

“I am a part-time trader. This indicator sends me an alert on my phone. This allowed me to improve my entry points. I also use it in combination with the Strong Trend With Magic Entries. This allowed me to increase my profits over the long term and more than any other indicator I’ve tried. Good job Mike and thank you again for sharing your knowledge.“ – A 5-star review.

“The scanner helps to find the breakthroughs in all-time units. This works very well in higher time units so far so you can concentrate on more important things. Thank you for that.” – A 5-star review.

So the reviews are all very positive which shows that the indicator is doing what it is meant to be doing, there are also a few comments within the comment section of the site, the creator has replied to those comments that require his input which is good to see. Even with things being so positive, we would still recommend that you try the free version, also send any queries you have to the developer so you can be sure that the indicator will be the right one for you before you make a purchase or rental.

This Forex service is currently available in the MQL5 marketplace:

Forex Service Review

Correlates EA Free Review

The Correlates EA Free is an expert advisor that can be found within the MQL5 marketplace, we have added a link below so you can see exactly which expert advisor we are looking at. The expert advisor was uploaded by Evgeniy Machok on the 22nd of December 2018, it has recently been updated on the 29th of March 2019 and this brought it up to version 1.24.


Correlates EA Free is an expert advisor that has been created to be used with the MetaTrader 4 trading platform. The expert advisor uses the idea of a correlation between the EURUSD and USDCHF currency pairs, by doing this, it allows the expert advisor to protect itself by opening a trade on the main pair and the correlated pair at the same time, this helps to avoid potential large drawdowns.

There are some recommended settings for the expert advisor, of course, you are able to sue your own settings too:

  • TimeFrame – H1
  • Trading terminal – MetaTrader4
  • Minimal recommended deposit – $500 for 0.01 lot
  • Minimal recommended account leverage – 1:500
  • Parameters – default

There are a number of parameters that can be altered to change the way that the expert advisor functions, these include things like auto lot sizes, lots, risk, drawdown, correlation periods, take profit percentage, minimum correlation, correlation step size, lot multiplier, broker prefix, broker suffix, and magic numbers.

There is a limitation to this version as the following message is available on the site: “It is necessary to understand that testing this strategy in the MetaTrader4 tester is impossible since the work is carried out simultaneously on several instruments, while the tester makes it possible to test only one trading instrument at a time.”

Service Cost

The expert advisor is completely free to download and use, so there is no purchase price or rental price required, due to it being free to download and use, there is no demo version available or required.


There are currently 12 reviews available, the overall rating of these reviews has given the Correlates EA Free a rating of 4.5 out of 5 stars.

“I’m using Correlates EA Free from few weeks on a demo account and I like it. Low DD thanks to the correlation and so far always earnings. This EA can be used only with EURUSD/USDCHF, I hope will be possible to have it also for other correlated currency pairs (Evgeniy told me that for other correlated pairs results are not so stable). Thanks to Evgeniy for the great support via PM and for making these EAs available for free. Keep up the great work!” – A 5-star review.

“Good free EA! Nice help from the creator” – A 5-star review.

“Interesting trading using correlation! DD under control. Not a lot of trades but winning trades for the three last months. Until now one of the best free ea and better than almost expensive ea sold here! Negative point is that you will earn each time just a few pips! No risk, no gain. This is the Forex rule! This ea can open several baskets so be careful to have enough deposit. Can become dangerous for deposit.” – A 3-star review.

So the overall reviews are very positive, there are also 88 comments, the creator seems to be replying to comments on a regular basis which seems to show that the expert advisor is till being supported which is good to see. As it is completely free to download and use, you could always test it out on a demo account just to see that it is working correctly and that it functions as planned for you.

This Forex Indicator is currently available in the MQL5 marketplace:

Forex Service Review

Friday Boost EA Review

20FX Intelligent Fighter can be found on the MQL5 marketplace, it is currently under the Experts heading and was uploaded on the 7th of April 2020. It was created by Muhammad Asif, the EA is still at version 1.0 as it has not had any updated.


FX Intelligent Fighter can be used with the MetaTrader 4 platform, it claims to be the best EA for maintaining a profitable account over a period of years. It combined different algorithms with an added AI system that will only find profitable entires. (Please note that it is impossible to only have profitable trades).

The creator claims that the EA will be able to make an average of 35% yearly, this was done off just two years of backtesting though. It is recommended that the EA is used on the GBPUSD currency pair with a broker that offers low spreads on that pair.

The EA will only place one trade at a time, it does not use strategies like martingale, grid, hedging, or multiple trade systems. There are a couple of parameters available, these are the lot size to use and magic numbers.

Some recommendations from the developer:

1. The recommended lot size for $1000 Balance is 0.05 so you can increase/decrease lot size respectively.

2. Backtest results are based on closing all open positions after one year so It is recommended to close all your positions “manually” after 1 year you have started this EA.

Although there is a very low drawdown with this EA backtest results not guarantee to be 100% accurate when EA played on a live account, so please remain mentally patient and calm.

Service Cost

The expert advisor can be purchased with a one-time payment o $300, this will allow you to activate the EA up to 5 times. There are also a number of different options to rent the EA, this can be done on a monthly basis, it will cost you $50 to rent it for the month, for three months it will cost you $100, for six months it will cost you $150, and for a one-year rental, it will cost you $200 for that period.

A free demo version is available, but this can only be used with the strategy tester within the MT4 platform rather than on a live account.


There are currently no user reviews or ratings so we do not know whether people are finding the expert advisor profitable or whether it is doing what it is intended to do, there are also no comments from users so we do not know if the developer is offering support, due to this we would recommend contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

This Forex Indicator is currently available in the MQL5 marketplace:

Forex Service Review

Interactive Stop Loss EA Review

The Interactive Stop Loss is an expert advisor that is found on the MQL5 market, there may be other expert advisors or indicators with a similar name so we have provided a link below to make sure you know exactly which one we are looking at. The expert advisor was first uploaded on the 7th of May 2015, there have not been any further updates, so the current version of this expert advisor is 1.0.


The Interactive Stop Loss is an expert advisor created to be used with the MetaTrader 4 trading platform. The expert advisor is designed to create an invisible stop-loss that the brokers can not see, it was designed this way to prevent brokers from potentially triggering unwanted stop losses. The way the interactive stop loss works is by closing the trade once the price crosses the line rather than just the buy or sell figure. The expert advisor will work on all trading instruments and on any time frame.

There are a number of parameters that can be changed:

  • Symbol – symbols traded by the EA
  • Values: CURRENT – a current symbol of the chart, ALL – all symbols of the terminal
  • MAGIC – magic number of the EA’s orders
  • Value: -1 – orders with any magic number
  • Slippage – allowed slippage to close orders
  • Interactive – enables an interactive stop-loss mode
  • Close_mode – mode of closing orders by an interactive stop loss
  • Values: CLOSE – the EA closes the order after the candle is closed beyond the interactive stop loss line
  • CROSS – orders are closed after the price crosses the interactive stop loss line
  • sl_name_begin – prefix to name interactive stop loss lines automatically
  • sl_line_color – color interactive stop loss lines
  • x_btn and y_btn – distance to the upper right corner of the button panel from the beginning of the chart by х and у correspondingly
  • Alert – enable/disable alerts

Service Cost

This expert advisor can be purchase outright for $19, there is no option torent it, most likely due to its lower price. There is also a free version available, this will have some limitations to it but we do not know what they are, it is also a chance to try out the expert advisor before purchasing. It seems that the free version is able to backtest only rather than actually function properly for you.


There aren’t actually any reviews available, however, there are a number of comments which have peoples’ opinions in them, the creator also seems to be quite responsive and is replying to comments in a prompt manner.

“This is a fantastic product.” – User Comment

As there are no reviews, we do not have a good understanding of whether or not the expert advisor is doing what it is meant to, due to this we would highly recommend that you download and try the free version, this was you can make sure that it is working how you need it to and that are you able to successfully get it set up, do this prior to making a purchase.

This Forex Indicator is currently available in the MQL5 marketplace:

Forex Service Review

HFT Profit Scalper EA Review

HTF Profit Scaler can be found within the MQL5 marketplace and is under the sub-category of Experts, it was first uploaded to the marketplace on the 4th of March 2020 by its creator Yevhenii Mavletbaiev. It has received a few updates, the most recent update was on the 7th of April 2020 and it is currently at version 1.3.


HFT Profit Scalper is an expert advisor that was developed for use with the MetaTrader 4 platform, it was developed as an algorithmic trading EA, the EA uses a high-frequency scalping system for its trades. It will analyze the markets and trade on the pullbacks in the price, it will run 24/7 and will trade micro price deviations from the chose range, the range is calculated with the use of the average price over a certain period of time.

The EA works with multiple different currency pairs, the standard settings that come with the EA have been optimized for use with the EURJPY, USDJPOY, and GBPUSD currency pairs and on the M5 timeframe, it is also recommended that you use it with a VPS due to its 24 hours a day running needs.

The EA does not use any of the more risky strategies such as martingale or grids, it has a fixed stop loss which can be altered and it will automatically reinvest any earned profits for further trading needs, the EA is fully automated and should not need any manual interventions once it has been set up. The EA does come with some added parameters that can be altered, however, the description of the Ea does not state what these are so we are unfortunately not able to comment on them at this time.

Service Cost

The EA can be purchased with a one-off payment of $60, this is a single purchase that allows you to activate the EA up to 10 times, there are no further limitations attached to it. Unlike many of the EAs on the MQL5 marketplace, the developer has not given you the opportunity to rent this EA, so purchasing it is the only option.

A free demo version can be downloaded, however, it can only be sued with the strategy tester within the MT4 platform and it cannot be tested on a live account.


At the time of writing, there were no reviews or ratings from those that have purchased the EA, this makes it hard to know whether people are finding it useful and profitable or what the overall consensus is. There are a number of different comments, the majority of them are in Russian, google translate showed us that the majority of them were talking about features that were not working properly, the good news is that the developer of the Ea was very quick to respond to them with a solution which shows a good level of customer support and this is a very promising sign as to the sort of support you would receive should you decide to make a purchase of the EA.

This Forex Indicator is currently available in the MQL5 marketplace: