Tag: forex scalper

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Forex Service Review

TS Currency Power Scalper Review

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

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

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

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

TS Currency Power Scalper has strict risk management:

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

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

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

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

The key steps are,

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

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

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

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

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

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

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

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Beginners Forex Education Forex Basics

Should You Invest In a Forex Robot?

A forex robot is a computer program that automatically places trades on one’s trading account, based on predetermined factors that are unique to the specific robot that is trading for you. The software is used by both beginners that may not understand exactly how to trade and more experienced investors in an effort to maximize […]

A forex robot is a computer program that automatically places trades on one’s trading account, based on predetermined factors that are unique to the specific robot that is trading for you. The software is used by both beginners that may not understand exactly how to trade and more experienced investors in an effort to maximize […]

A forex robot is a computer program that automatically places trades on one’s trading account, based on predetermined factors that are unique to the specific robot that is trading for you. The software is used by both beginners that may not understand exactly how to trade and more experienced investors in an effort to maximize their earning potential. On the other hand, some traders have had bad experiences with automated software and will tell you to avoid it at all costs. Are automated trading robots money-making machines, or a bad investment all around? Deciding whether to invest in a forex robot really comes down to one’s personal opinion after weighing the pros and cons.

We’ll start by looking at some of the positive benefits associated with using a forex robot:

–Forex robots eliminate the psychological burdens of trading. After all, a computer program won’t feel anxiety, grief, excitement, or any other emotion that can affect a human. This allows the robot to trade without making human errors based on emotions.

-The software can scan and analyze multiple sources of data much more quickly than a human possibly could.

-Trading robots can monitor and place trades on multiple accounts at the same time.

-The computer program can’t get tired or distracted, so it won’t miss opportunities. A forex robot never sleeps.

-A robot can backtest different strategies to figure out which is the best.

-Beginners can rely on forex robots while they’re learning, although you should have a good idea of what you’re doing before you get started.

Forex robots can provide us with an advantage because they aren’t subject to human emotions, distractions, or fatigue. The program does exactly what it was designed to do, and it can analyze multiple sets of data and place multiple trades at the same time. It just isn’t possible for a person to do all of this at once or as effectively.

With the benefits of using a forex robot in mind, one also needs to look at the disadvantages. We gave a lot of credit to this software because of its lack of humanity – but that can also be the catch. A robot can only consider the factors that it is programmed to, while humans can think about other things that might affect their trades, such as news releases or economic reports. If things change, the robot will continue trading the same way as before and might wind up losing a lot of money if there is no interference. Here are the main disadvantages to using a forex robot:

While the lack of human emotion can be a good thing, the robot cannot consider things that a human could.

A lot of forex robots were created by scammers that promise to make you rich, even though their product will wind up losing your money. Once you pay for it, they’ve made their profit and don’t care that you will only lose more.

Many of these products cost a good bit of money if they work. This can put the software out of reach for many beginners or investors that just can’t afford it.
Most robots run on your device and need a connection to the internet 24/7 for trade execution. Otherwise, they can experience problems. You can purchase VPS to help with this, but this adds another cost to using a forex robot.

Forex robots can automatically trade on your behalf and can be very profitable, but each robot was not created equally. There are a lot of scammers out there aiming to take advantage of beginners with flashy promises and impressive-sounding programs that just don’t work. If you’re going to use a robot, you need to do a lot of research before making a purchase, test it first, ensure that risk-management procedures are followed (like setting a take profit or stop loss), and keep an eye on the robot’s activity. You’ll also want to turn off the robot when certain news data or other market affecting information is released to avoid losing money during those times.

Whether or not to invest in a forex robot is a personal choice. The best developers will explain how their software works, allow you to test it or perhaps to access a free trial, and might even offer a money-back guarantee in some cases. You also want to check for user reviews to get an idea of how the product has worked for real traders. Keep in mind that some might lose money because of their own personal interference, but user reviews and comments can paint a bigger picture of whether the robot is profitable or not. Don’t buy into claims of instant riches, instead, do your research and invest wisely, and remember that forex robots can be profitable, but they are not the magic answer to becoming rich.

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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 […]

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 […]

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.

Overview

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 myfxbook.com. 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 myfxbook.com 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 myfxbook.com, 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.

Conclusion

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: https://www.mql5.com/en/market/product/8355

Categories
Forex Service Review

MAFiA Scalper MT4 Review

Originally made for the MetaTrader 5 platform, but soon after the updates this Expert Advisor and a manual trading tool are also released for the MetaTrader 4 platform too. Both products are listed on the MQL5 market in late February and March 2020. MAFiA Scalper is a mix of strategies and indicators designed for scalping although no timeframe or currency pairs are suggested. The developer, Andrey Dyachenko from Ukraine, has either just a publisher for another company products or he has invested a lot of time to develop a complex EA with many elements. Most of his 4 released products are related to Fractals method EA and tools, all are new.

Originally made for the MetaTrader 5 platform, but soon after the updates this Expert Advisor and a manual trading tool are also released for the MetaTrader 4 platform too. Both products are listed on the MQL5 market in late February and March 2020. MAFiA Scalper is a mix of strategies and indicators designed for scalping although no timeframe or currency pairs are suggested. The developer, Andrey Dyachenko from Ukraine, has either just a publisher for another company products or he has invested a lot of time to develop a complex EA with many elements. Most of his 4 released products are related to Fractals method EA and tools, all are new.

Originally made for the MetaTrader 5 platform, but soon after the updates this Expert Advisor and a manual trading tool are also released for the MetaTrader 4 platform too. Both products are listed on the MQL5 market in late February and March 2020. MAFiA Scalper is a mix of strategies and indicators designed for scalping although no timeframe or currency pairs are suggested. The developer, Andrey Dyachenko from Ukraine, has either just a publisher for another company products or he has invested a lot of time to develop a complex EA with many elements. Most of his 4 released products are related to Fractals method EA and tools, all are new.

Overview

This EA and its MT4 version are relatively expensive but have a lot of features. It is a complete trading system with several integrated Money Management, Risk Management, trading elements, and filters. MAFiA Scalper is specialized, the trader using this tool should be familiar with the indicators used and the logic of the strategy. Whatsmore, the EA requires a specific trading account and has a higher price. The latest version is 1.41 that brings several new features like the info screen, trade opening and closing alerts, ATR trailing stop calculation, and some additional infographics.

The Overview page of this EA is transparent about how the trading is executed ad what indicators are used. Still, it is not easy to replicate the system without the Fractals recognition module as well as other trading elements such as specific trade scaling-in method and Alligator trailing stop. The Alligator is a triple line (Moving Average) indicator by Bill Williams made as a solution for trend entry, following, sideways market marking and divergencies, although the latter is not used by this EA.

MAFiA Scalper uses Fractals patterns for trade entries in sync with the Alligator. Once the trade is open, the Alligator lines will provide if the trend will continue with its 3 lines with different periods forming a stripe. This stripe is a ranging market zone signaling the trend is extinguished but also filters false pattern breakouts.

As the trend progresses, the Money Management module kicks in with additional trades. The base of this function is the Pyramid Principle or a ratio 5-4-3-2-1-1 according to trading sizes are defined. Scale-in trades are indicated by the Fractal pattern and diminish in size following the Pyramid ratio. The logic behind this is that long trends are fewer and a reversal could be more imminent as the trend gets longer, putting the weight on the first batch of scaled-in trades. Trailing is engaged using two methods, along the Alligator lines or by the number of bars passed, squeezing the trail distance as the trend continues. This behavior means the trades MAFiA Scalper males do not last long in terms of candles passed.

Stop Loss can be virtual or placed on the broker server, with the option to use the Breakeven movement. Trailing Stop also uses the ATR value in percentage to set the distance from the current price level, implying the adaptive nature of the EA to volatility. Sharp movements may not be an exit signal or an entry if there is such volatility in the market.

There are two modes On and Off in which it will operate as a fully automatic or as a manual trading system. In the On mode, opening, adding, and position measures are executed if the price is outside the blue Alligator line. However, MAFiA Scalper needs a “hedging account” as described by the seller, pointing a screenshot with the Binary.com broker which provides one. We are unsure if this EA is a sponsored or affiliated product, as we are not familiar with the peculiarities of a “hedge account” needed for the EA to work.

Traders will see a control panel on the chart that can ease the trading process if done manually. All of the functions are toggleable with buttons, such as the Breakeven, Buy, Sell, Virtual or Real Stop Loss, position size management and the Alligator colored lines switches. In the EA setting list, you will be able to control several aspects of the system. Stop Loss including the trailing method, Breakeven parameters, comments plotting, ATR distance, notifications, and other aspects of the system. Note that the EA does not have a performance chart presentation yet, either with a live signal on the MQL5 or as a screenshot.

Service Price

The price of MAFiA Scalper MT4 is $750, putting this product in the higher price range. Traders will have 8 activations after purchase. Renting is offered and traders may find this a better solution as the price is of less an issue. Rent for one month is just $25, for 3 is $69, 6 – $129, and $219 for one year. Considering that backtesting probably not possible right now, a demo is essential. Demo version has been downloaded 37 times to date showing mediocre interest by the community.

Conclusion

Some traders will certainly need this, on the other hand, the EA is also a manual trading system and in a way not fully automatic. After the Stop order is triggered, either by the trailing or normal, it will go into the Off mode and become just a signal generator. Therefore, the EA cannot be measure in a classical sense. Some could regard this as an easy way to evade responsibility by the EA performance. In the Overview page, a 58-minute video is attached presenting the EA in detail with some marketing elements.

Note that the EA is specialized and could not be classified as a pure scalper, reversal, pattern, or trend-following tool, it has elements from all. Whatsmore, the “hedging account” is needed, narrowing the target group of traders. MAFiA Scalper for MT5 has 1 review with a perfect score while this version has no reviews or comments yet.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47343

Categories
Forex Service Review

NY Close FX Scalper Review

NY Close Scalper is an automatic Expert Advisor that was published on the mql5 marketplace in April of 2015. It was developed by an author named Roman Lengert and updated to version 3.0 in March of 2020.

NY Close Scalper is an automatic Expert Advisor that was published on the mql5 marketplace in April of 2015. It was developed by an author named Roman Lengert and updated to version 3.0 in March of 2020.

NY Close Scalper is an automatic Expert Advisor that was published on the mql5 marketplace in April of 2015. It was developed by an author named Roman Lengert and updated to version 3.0 in March of 2020.

Overview

This Expert Advisor is a night scalper that uses a mean reversion strategy to execute trades at nighttime, particularly at the close of the daily New York trading session. Here are some of its features:

-The EA is compatible with MetaTrader 4 and works with the pairs EURUSD, GBPUSD, EURCHF, USDCHF, USDCAD, EURAUD, and EURCAD.

-The only supported timeframe is M5.

-Trading hours do not need to be adjusted manually because the EA automatically updates when trading hours change for daylight savings time. However, traders will need to turn it off manually in the case of important events (elections, etc.)

-Uses fixed stop losses on every position. The execution of said SL will depend on the broker.

A word of warning from the developer – you should be aware of the risks involved with night scalpers. Past history doesn’t necessarily dictate how things will go in the future and this EA is dependent on low spread and slippage. It also needs to run on VPS continuously without interruption. The strategy involves trading around swap times which can also make the spread very large. This indicator is risky on that basis, but it doesn’t use riskier strategies like Martingale or grid and fixed stop losses are in place for every position.

Service Cost

The developer offers three separate pricing options. The EA costs $900 USD (with 5 activations) or it can be rented at a lower rate of $70 per month or $170 for 3 months. With the overall cost being so high, many traders will only have the choice of renting, and even those prices are on the higher end. A free demo is available, but traders will really want to consider the cost for each option before making a purchase.

Conclusion

NY Close Scalper is a night scalper that trades after the New York market has closed for the day. This EA can be risky for the fact that past history can’t accurately predict the future and swaps may cause spread inflation. However, it has received four and a half stars and many users have left positive reviews.

For example:

“The best night scalper I have ever seen!” -Tobias

“The seller is very helpful, always ready to provide great support and guidance for the EA. You will not regret buying the product!” -ruifeng82

As you can see, traders seem to have a favorable opinion of this EA and it seems to have turned a profit for many of them. Results aren’t guaranteed, so we would suggest ensuring that you can afford the financial risks along with the price of the EA. If so, this EA could be a great option.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/28901

Categories
Forex Service Review

Marauder Forex Scalper Review

Marauder is an Expert Advisor that was uploaded to the mql5 marketplace in May of 2018 by the author Andrey Kolmogorov. The EA was last updated to version 1.6 in October of 2019. Overview This EA is a scalper that makes trading decisions based on a set of algorithms that make it possible to work […]

Marauder is an Expert Advisor that was uploaded to the mql5 marketplace in May of 2018 by the author Andrey Kolmogorov. The EA was last updated to version 1.6 in October of 2019. Overview This EA is a scalper that makes trading decisions based on a set of algorithms that make it possible to work […]

Marauder is an Expert Advisor that was uploaded to the mql5 marketplace in May of 2018 by the author Andrey Kolmogorov. The EA was last updated to version 1.6 in October of 2019.

Overview

This EA is a scalper that makes trading decisions based on a set of algorithms that make it possible to work with any financial instruments or strategies on the MT4 platform. The robot doesn’t need to be closed by the user during news releases and takes other precautions against riskier trading, such as opening orders with a strictly fixed stop loss and not allowing the use of the historically risky Martingale strategy. Additional risk-management and optimization settings are also included. It works with any currency pairs on ECN accounts with leverage above 1:200. Default parameters are set to the M5 timeframe, but it is possible to use any desired timeframe.

Service Cost

The overall price of this EA is very high – it costs $1,090 USD to purchase with 10 activations. There are options for renting at a rate of $300 for 3 months or $700 for one year, but even these prices are steep. You’ll also need to make a deposit of at least $100 into your trading account, although this cost is an average starting amount. The price will put this particular EA out of many user’s price ranges but testing is still a possibility on the free demo version.

Conclusion

Marauder is a fully functioning EA that allows users to implement various strategies and work with any type of financial product on one of the most popular trading platforms on the market. Despite the high price, the EA has managed to attract a large number of traders; more than 2,500 users have tested the demo account and it has received nearly 500 comments along with reviews.

Here’s what some users are saying:

“Amazing, use extreme set and scored 180% over a month period…low Drawdown below 20%…” -gunners79

“Awesome EA. Very impressed. Ran on a live account with $100. Almost 70% return in a month with less than 1 % down draw, using the extreme set files on 3 pairs. I can’t believe how well it went! Andrey was very responsive and helpful.” -Michael

“I use the EA on several crosses, but GBPUSD and AUDUSD got the best return.” -Michael N.

As you can see, multiple users have good things to say about this EA. That isn’t to say that others didn’t take losses, as trading with any type of EA or indicator cannot guarantee profits if the user isn’t using effective risk-management in combination with other measures. If you can afford it, then this EA could be an excellent addition to your terminal, so long as it is used effectively.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/28670

Categories
Forex Service Review

Scalper Cadiz MT5 FX Scalping Tool Review

Scalper Cadiz can be found within the MQL5 marketplace under the Experts category of software. The EA was created by Sabil Yudifera and was first uploaded to the marketplace on the 30th of March 2020, it was uploaded as version 1.10 and is still at that same version number.

Scalper Cadiz can be found within the MQL5 marketplace under the Experts category of software. The EA was created by Sabil Yudifera and was first uploaded to the marketplace on the 30th of March 2020, it was uploaded as version 1.10 and is still at that same version number.

Scalper Cadiz can be found within the MQL5 marketplace under the Experts category of software. The EA was created by Sabil Yudifera and was first uploaded to the marketplace on the 30th of March 2020, it was uploaded as version 1.10 and is still at that same version number.

Overview

Scalper Coviz is an expert advisor that can be used with the MetaTrader 4 trading platform, it uses a strategy that is based on finding the correlations between asymmetrical frequency curves in the market to help find patterns of price movements.

Some advantages of the EA:

  • Money management
  • High spread protection
  • Slippage and requote Protection
  • only use 3 indicators
  • It does not use dangerous strategies such as martingale, grid, hedging
  • The developer recommends the following when using the EA:
  • Use of a VPS
  • Use of a broker with Low Spread or ECN account
  • Timeframe: M1
  • Pairs: EURUSD, GBPUSD, USDCHF, USDJPY
  • Minimal deposit 100 USD or 1 USD for cent account

There is also a number of different parameters available to alter, these include automatic lot sizing, the risk to use, starting lot sizes, take profits, stop losses, magic numbers, lippage, maximum spread allowed, period to use, and minimum margin levels.

Service Cost

The Scalper Cadiz EA will cost you $499 as a one-time payment, this will get you up to 30 activations of the software with no other restrictions. There is no option to rent this EA but there is a free demo version that can be used with the strategy tester within the MT4 trading platform.

Conclusion

There is just one user review available for the EA which has given it an overall rating of 2 out of 5.

“Good EA but random result in real” – A 2-star review.

The review does not give a lot of indication as to what actually went wrong apart from the results being random. There aren’t any comments from customers or the developer so it is hard to tell what sort of support is being offered, you could always get in touch with any questions that you have, this is a good way to ensure that the developer is still around and offering support should you need it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47850

Categories
Forex Service Review

M15 Trigger Scalping Indicator Review

M15 Trigger Scalping can be found on the MQL5 marketplace under the Indicators category. It was created by Kenneth Parking and was first uploaded on the 29th of June 2016, there have not been any further updates and the indicator is still at version 1.0. Overview M15 Trigger Scalping is an indicator for the MetaTrader […]

M15 Trigger Scalping can be found on the MQL5 marketplace under the Indicators category. It was created by Kenneth Parking and was first uploaded on the 29th of June 2016, there have not been any further updates and the indicator is still at version 1.0. Overview M15 Trigger Scalping is an indicator for the MetaTrader […]

M15 Trigger Scalping can be found on the MQL5 marketplace under the Indicators category. It was created by Kenneth Parking and was first uploaded on the 29th of June 2016, there have not been any further updates and the indicator is still at version 1.0.

Overview

M15 Trigger Scalping is an indicator for the MetaTrader 4 trading platform, its main purpose is to act as a manual trading indicator. The indicator will apply some trigger lines to the charts when the trigger line becomes blue and a candle closes above the line, a buy order should be placed, when it becomes red and the candle closes below a sell order should be placed.

The main list of features described by the developer:

  • User-friendly setup, no complicated parameter setups!
  • Developed ONLY for M15 and comes with predefined values
  • Easy to understand, no messy chart information!
  • Works on all Forex currency pairs
  • Developed to fit booth novice and skilled traders

There are also some parameters and settings available, these include the spread text color, spread text location on the chart, and the spread text size.

Service Cost

The indicator is relatively cheap at just $10 to purchase it, this will give you up to 5 activations with no further limitations. Due to the low price there is not an additional option to rent the indicator so the outright purchase is the only option available. A free demo version is present, this version is limited to the strategy tester within the MetaTrader 4 trading platform.

Conclusion

There is just the one review is available, giving the indicator a rating of 5 out of 5.

“Works great, good customer support.” – A 5-star review.

The singular review is positive but does not give a lot of information, there are also a few comments, the developer has been replying to each one which shows that they are willing t offer support for their indicator, the most recent comment was nearly a year ago so we would still recommend that you send any questions that you may have to the developer before making a purchase, this was you can make sure that the indicator will do what you need it to and that the creator of the indicator is still there to support both the indicator and you as a customer.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/16987

Categories
Forex Service Review

BF Scalper EA Review

BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version […]

BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version […]

BF Scalper EA is currently located within the MQL5 marketplace, it was created by Lachezar Krastev and was first uploaded to the site on the 23rd of April 2018, it has had a number of updates, the most recent updates were on the 8th of October 2019 and this brought the EA up to version 1.7.

Overview

BF Scalper EA is an expert advisor that can be used with the MetaTrader 4 trading platform, its main purpose is to offer a simple yet effective EA that will use breakouts of the Bollinger Bands for its entry and exit signals.

The EA will set take profit and stop loss levels, it is best used on the M15 timeframe and with the GBP/USD, EUR/USD, EUR/CHF, EUR/AUD, GBP/CAD, USD/CAD, USD/CHF, and USD/JPY currency pairs.

The EA comes with a number of different parameters, these can be altered and doing so will slightly change the way that the EA functions. Some of the options include whether to use stealth mode, minimum equity, the band period, the entry and exit criteria, whether to use the tend filter, time restrictions, maximum negative swap filters, maximum spreads, and many more.

Service Cost

The BG Scalper EA is completely free to download, you will get unlimited access to the software completely free of charge. As there is no cost, there is also no need for a free demo version, so this is not available.

Conclusion

The BF Scalper EA has a lot of reviews, there are currently 77 user reviews which have given it an overall rating of 4 out of 5.

“I have been using BF Scalper EA for one week now on a demo account. Very good and profitable results. The author is also very quick to help and assist!! I will update in a month again and will start in real account in the near future if results maintain.” – A 5-star review.

“Very good EA thanks a lot. Update: profits and losses are equal.” – A 3-star review.

“Very impressive and complete EA, I have been testing it for a while now and I can say that the results (on real account) are very good. Definitely one of the best free EA I have ever seen. From my observations, the broker selection is very important for the proper functioning of the EA. The support from the developer is quick and accurate. I keep testing and will provide further updates on the results.” – A 5-star review.

As you can see, the majority of the reviews are very positive, those that are less than ideal show that the EA still functions, just the results aren’t quite as good as predicted. There are also over 700 comments for the EA, these are from people who have purchased the EA and Lachezar the developer has been replying to each one, the most recent comments and replies are from the day before writing this review, which shows that the developer is still very much active and offering a great level of support for their customers.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/28919