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

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: