Tag: forex services

Hit and Run FF is an Expert Advisor that was created by Catalin Zachiu and published to the mql5 marketplace in May of 2019. The EA was most recently updated to version 2.2 in May of 2020.

Overview

This EA is compatible with the pairs EURUSD, USDJPY, and GBPUSD on the MetaTrader 4 trading platform with the H1 timeframe. The program uses tops and bottoms to place buy stop or sell stop orders with a small stop loss. If the order isn’t closed it continues to ride the trend until passing a certain number of bars or being stopped by an implemented indicator.

The developer recommends trading with a low-spread broker, due to the fact that increased stop loss can lead to a higher drawdown; however, this is up to the user. The EA comes with a breakdown and trail stop function, along with a loss recovery system with more restrictions than in the paid version. Note that there are other restrictions on the free version that have been detailed in the following section.

Service Cost

This review focuses on the free version of the EA, but there is also a paid version that offers traders more flexibility. Here are some of the key differences:

• The free version can only be used once per symbol, while paid version is unlimited
• LotSize, RiskInPercent, and LotManagement are only available in the paid version
• The loss recovery function has more restrictions in the free version
• “Magic” lot management is only offered in the paid version

If you can deal with the restrictions, then the free version should be sufficient. If not, you can purchase the professional paid version of the software for $30 USD.

Conclusion

This EA was designed to work with MT4 and is best used in combination with a low-spread broker. It hasn’t received a lot of feedback and users seem to have conflicting opinions. For example:

“Thanks for a nice, accurate indicator.” -Evgeny

“There are plenty of better experts around.” -GT2560

Still, this version of the EA is completely free, so traders will only be risking potential investments. If you find some of the restrictions to be too limited, then it might be worth considering buying the professional version after testing to gain access to those perks.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/38477

Hamster Scalping Premium is an Expert Advisor that was developed by Ramil Minniakhmetov. It was published recently, on February 4th of 2020 and has not yet been updated from its original version.

Overview

Hamster Scalping Premium is a fully automated Expert Advisor that filters entries using an ATR-based filter and the RSI indicator. The EA always follows the trend and uses a scalping based strategy. It uses a trend finding indicator named Black Dragon (developed by the same author) in order to pinpoint trends to follow. The EA does come with a couple of requirements that must be filled on the broker’s side – a good execution with a spread of 2 to 5 pips is required, along with a very fast VPS (with a latency of no more than 3). The EA is fully compatible with the MetaTrader 4 trading platform.

Service Cost

This EA can be bought for $30 USD with 5 activations. There are no options for renting, but the price of the EA is fairly average and not a bad deal for a fully automatic option. If you’re still unsure, you could always test out the free demo version to get a better idea of how this EA might work for you.

Conclusion

This EA is good for beginners for the fact that it is fully automated and it is also a good solution for scalpers looking for an automatic EA. Hamster Scalping Premium does ask for certain requirements on the broker’s side, so it may not be the best choice if you already have a broker that doesn’t fit in with those guidelines. Nearly 1,000 users have tested the demo version so far, but actual purchasers left us with mixed reviews.

For example:

“A very junk EA, it will only be liquidated in the end, there is no stop-loss” -zy1337

“EA for losing money. Very bad entries” -Pomidori

Meanwhile, a few others left 5-star reviews. Of course, the EA will work differently for different people and some bad reviews may be partly on behalf of the user. Still, we would recommend testing the demo before making the purchase, just to be on the safe side. As time goes on, the EA will likely receive more reviews, so stay updated.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/45939

FiboTrend is a fully automated Expert Advisor that is the sole product published on the mql5 marketplace by author Petar Kolev. The product was originally launched as version 1.2 in September of 2015.

Overview

FiboTrend is an automated trading robot that uses moving average to detect trends. It places a Fibonacci chart on the graphic, waits for correction, and places orders on levels 23.6, 38.2, 50.0, and 61.8. A manual function is also available, where the robot enters trades based on the Fibonacci chart and certain settings chosen by the trader. Here are a few more facts about the EA:

• Works on the MetaTrader 4 trading platform
• Can be used with any pair or timeframe; USDEUR and M30 are recommended
• VPS is recommended

Service Cost

Traders can rent this EA for $10 USD a month or $20 for 3 months. It can also be purchased for $80. Overall, these prices are relatively low for an automated trading robot, but do keep in mind that only 5 activations are included so use them wisely. The EA also requires a minimum of $200 USD on a lot size of 0.01, so you’ll want to make a larger deposit into your trading account. VPS is also recommended and may add to the cost, unless you can find a broker that provides it for free with your account type. Free demo accounts are available with no purchase requirement.

Conclusion

FiboTrend is a trend-following EA that uses moving average and Fibonacci charts. While the EA does not have any ratings, it does have a few interesting comments:

“We were not successful, with a modeling 99.90%” -technow

“How does this work, please? IT is buy at fibo 100 – sell at fibo 61.8 on uptrends and then buy again at? How does the sequence work?” -mylien

“Can I get to see a working myfxbook page…the one you posted above does not work anymore” -Farooq

The author only replied to one comment…otherwise, he completely ignored the user’s questions or cries for help. If you’re going to use this product, we would highly recommend using VPS, even though it isn’t absolutely necessary. Also, follow the author’s advice to test the EA in strategy tester to evaluate risk and frequency parameters and make necessary adjustments. In conclusion, the author does not seem to be very interested in traders using his product, and all comments were from frustrated users that didn’t get good results, so traders may want to skip this one altogether or use it at their own risk.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/11120

EXP Averager is an Expert Advisor that was published on the mql5 marketplace back in December of 2013. The developer, Vladislav Andruschenko last updated it to version 19.802 in August of 2019 and remains responsive on the comments page.

Overview

This EA was created to average deals that have had a drawdown and gone against the trend. It can also open additional positions that go with or against the trend with a general trailing stop. It works by opening a position in the same direction with the volume equal to lots from the previous deal whenever a specified number of points equal to the distance, modifies the general take profit and stop loss on deals when the price breaks the zero-line point for each.

Traders can also set the maximum number of positions that can be opened for averaging. Note that this EA doesn’t make automatic trades – it simply monitors and averages deals made by the trader in the case of drawdown until the trader received a profit. The system works with the popular MetaTrader 4 platform and the author also provides a similar MT5 version.

Service Cost

EXP Averager can be rented at a rate of $10 for 3 months or $20 for a year. The EA can also be purchased for $30 USD with 10 activations. This is a good price for this type of product, although traders should remember that it doesn’t support fully automated trading.

Conclusion

EXP Averager was designed to monitor manual trades and to make a profit for the trader in the case of drawdown by averaging those positions. It is available for a fair price, but we were still curious as to how this product is regarded amongst users.

We found the following comments to be helpful:

“Good tool for manual traders which utilize Averaging/Grid strategy. Author very responsive!” -Evolve

“Works excellent in 90% of the time, except when you get an aggressive trend of 1000 pips against your position.” -Laurentiu

“What an amazing utility…Vladislav is very responsive as is evident from the new enhancements that keep on rolling for this utility….every trader should have this tool.” -noshali

Traders will need to ensure that they are satisfied with the fact that this isn’t a fully automated EA, and that more effort is needed on their part than what would be needed with other trading robots. If manual trading isn’t an issue, then this EA can certainly help to reduce losses incurred on the trader’s behalf.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/1289

AngryTurtleFX is an Expert Advisor that was launched on the mql5 website in October of 2019. It was created by senior developer Bernard Situmeang, who provided the most recent product update to version 5.0 in November of 2019.

Overview

AngryTurtleFX is an automated reversal scalper trading robot that uses TrendDistance and TrendTiming relationships. Like many similar products, the EA works on the MT4 platform and can be used alone or with others using a magic number. Input parameters cover trailing stops, maximum spreads, slippage, take profit, and other settings that allow the trader to adjust settings to their preferred risk-management levels.

Here are a few of the EA’s highlights:

• Works with NDD, ECN, STP, NFA regulated brokers; can be used with most brokers
• Works with all pairs on all timeframes, including 11 exotics
• The author recommends EURUSD, AUDUSD, USDJPY pairs on M1 and M5 timeframe
• Works with a $10 minimum deposit

Service Cost

There are several options for renting this EA, from one month to one year:

• $30 USD for one month
• $60 USD for 3 months
• $120 USD for 6 months
• $240 USD for 1 year

The product can also be purchased outright for $750 USD and it comes with 5 standard activations. Although the total price is high, having the ability to rent the EA for $30 should make it more accessible to beginners or those that don’t have a lot to invest. It can work with a $10 deposit, but the best results are with a $100 deposit with 0.01 lots. Testing is also possible through the free demo version.

Conclusion

AngryTurtleFX is a reversal scalper that allows traders to change certain inputs that help with risk management. Although the author mentions a smart safety strategy, he doesn’t spend much time explaining more technical details about his product, and instead focuses on how well it works with multiple pairs, timeframes, brokers, etc. Sadly, there are no ratings, reviews, or comments from anyone other than the developer, so we can’t say whether this EA has been profitable for others. Considering that some risky techniques (including Martingale) are used and that the author isn’t very descriptive, we would highly recommend testing and then renting this product for one month before making a larger purchase. Also, remember that there are no alerts, so you’ll want to check often to ensure that the robot doesn’t blow through your deposit while unsupervised.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/42679

Cryptotrader is a trading robot that automatically performs trades on cryptocurrencies. The software runs via a flexible built-in scripting language that is based on Coffeescript. Although the software was launched in 2013, some secrecy still surrounds the creator, who goes by the anonymous name “pulsecat”.

Overview

Cryptotrader was designed with the same goal of other trading robots and EAs, the robot buys low and sells high, thus earning profits for the trader. The service allows users to create their own trading strategies if desired, but doing so will require at least minimal programming knowledge and some experience. Otherwise, traders can choose from a variety of premade strategies within the Strategy Market.

We found strategies that suit both risk-takers and those that like to play it safe, so there’s something for everyone. Thirteen major cryptocurrency exchanges are supported, including Bitfinex, Bitstamp, Poloniex, Coinbase, and more. Running two bots on the same account isn’t recommended because they will compete for funds, but some exchanges will allow you to create a sub-account for this reason Whenever your bot buys or sells, you’ll get an instant notification through email, or text if that is included in your plan.

Cryptotrader offers different plans that affect the overall features you’ll have access to. All plans offer backtesting and email alerts, but only some of them offer access to multiple trading instruments and margin trading. There are also some limitations for each account that restrict the maximum amount of account equity that the bot can operate with. Installation is not necessary because Cryptotrader is a cloud-based trading bot. Traders won’t fall victim to limited storage space since downloads aren’t required and bots can run continuously at any time in the VPS cloud.

Service Cost

The cost of trading with Cryptotrader can vary, based on certain factors like account type and whether you’re planning on purchasing any strategies. A $250 deposit also needs to be deposited into the trading account to get started. Subscription packages come in Basic+, Regular, Pro, VIP, and Premium. We’ve detailed the monthly cost of each option below.

• Basic+: From 0.0031 BTC per month
• Regular: From 0.0044 BTC per month
• Pro: From 0.0081 BTC per month
• VIP: From 0.0154 BTC per month
• Premium: From 0.0385 BTC per month

Translating roughly to USD, that comes out to around $15 per month for the cheapest plan and $200 per month for the most expensive subscription. Remember that there are some free services out there, so you’ll have to decide if you’d like to add a monthly service charge to your list of reoccurring payments. If you decide to purchase trading strategies, then this will add to the overall cost. Experienced programmers can rent or sell their own trading strategies within the Marketplace, so this could very well pay your subscription cost if you’re good at it. A backtesting tool is also available through each subscription that allows traders to test strategies in different market conditions before going live.

Conclusion

Cryptotrader aims to provide a convenient environment for automated trading. Traders are given the freedom to create their own strategies if they’re up to the task, or users can simply rent premade strategies without much of an effort. One thing to consider would be the cost, as this software does charge a monthly subscription fee and you’ll be paying extra for some premade strategies. Despite some secrecy surrounding the creator, this bot has been servicing clients smoothly for more than 7 years so far.

Other reviewers speak highly of the service, and it has received ratings of 8/10 or higher on several occasions. All sources point out that this particular trading robot is not a scam and that it follows legit practices, so there’s no reason not to invest with Cryptotrader if the cost isn’t a factor.

This Forex service can be found at the following web address: http://www.cryptotrader.org

DAX Hero Scalper Pro is the professional version of the EA Dax Hero Scalper, which was previously offered on the mql5 website for free. It was created and launched in August of 2018 by the IT engineer/leisure trader Simone Gargano. The product was last updated to version 1.5 in February of 2019.

Overview

DAX Hero Scalper Pro is an Expert Advisor that uses an integrated time filter to avoid bad periods and to close open trades in other periods. Settings cover some basic parameters, like TP, SL, trailing stop, minimum and maximum lot size, whether trading should be allowed on Sunday, etc. It also offers a few parameters that allow one to place limitations on the EA, for example, the maximum spread that is allowed, max slippage allowed to open a new trade, the preferred money management method (fixed lot, lot by equity %, lot size by balance %), a specific timeframe for trading, and a few more options. Here are a couple of facts about the EA:

• Best used with H1 timeframe or higher
• Compatible with the impressive MetaTrader 4 platform

Described as being “simple”, the EA steers clear of riskier strategies such as Martingale or grid, while offering traders the ability to customize the aforementioned parameters. In addition, the professional version adds extra features, one of which ensures that TP and SL are accepted by the broker, as this was a previous issue, another changes the Magic Number to run multiple charts on the same timeframe or symbol, Breakeven moves the SL to the breakeven as soon as the trade is in profit, and etc.

Service Cost

Traders are only given the option to rent this product at a rate of $10 USD per month. Without the option to purchase the program outright, the cost would add up to $120 per year. In the product’s description, the author also provides a link to a similarly named DAX Hero Scalper, which was originally the free version of this product. Although it is still listed as being free in the description, it actually costs $10 USD to rent the other version for 3 months, which results in a price that is $80 cheaper per year. Backtesting is possible with a free demo account.

Conclusion

DAX Hero Scalper is a simple Expert Advisor that allows traders to place certain limitations on the way it trades so that the EA trades more cautiously. It has received 7 reviews and earned a 4-star rating based off of a couple of the following comments:

“Simple but powerful” -Cooper

“Great result at the strategy test.” -Ma

Others chose not to comment, so we don’t have much to go on, other than the decent rating. Before purchasing this professional version of the indicator, traders should compare the original DAX Hero Scalper, which follows the same concept with fewer features for a price that is $80 less per year. Of course, if you find the improvements to be necessary and worth the extra cost, then the professional version would be the best choice.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/31117

Dragon Scalper Pro is an Expert Advisor that has been available on the mql5 marketplace since January 8th of 2020. The EA was last updated to version 1.50 in March of 2020. Its developer, Michela Russo, has also published 19 other products on the site.

Overview

Dragon Scalper Pro is an MT4-based trading robot that scans the market looking for the main trend, before entering a trade based on volatility and an “intelligent” algorithm that is designed to detect future trends.

Here are some of its features:

• Works best with the pairs EURUSD, GBPUSD, USDCAD, and NZDUSD on the M5 timeframe, but will also work with other pairs & timeframes
• Any trader whom purchases will receive a free copy of another EA, Eagle Scalper Pro
• Mainly operates during NY and Asian trading sessions
• Fifo compatible
• High resistance to slippage

https://youtu.be/gAYq8bgjMsI

The developer recommends choosing IC Markets or Tickmill as your brokerage, although the EA is compatible with any other broker. Both of the recommended options do offer some benefits, such as high leverages, decent starting deposits, and some low trading costs.

Service Cost

Traders can buy the indicator outright for $115 USD, or rent it at a rate of $85 per month or $105 per year. The developer includes 5 activations with any purchase. In addition to paying the fee for licensing the EA, you’ll also need to make a deposit into your trading account. If you go with IC Markets, as the author suggests, you’ll be able to choose from cTrader, Raw Spread, and Standard account types, all of which are available for a $200 deposit. The other suggested brokerage, Tickmill, offers Pro and Classic accounts for $100 deposits. Since the cost of renting the EA is so high, it might be a better idea to test a free demo account and to buy it outright if you get good results.

Conclusion

Dragon Scalper Pro is a trend-following trading robot that uses market volatility and an intelligent algorithm to execute trades based on predicted future trends. It costs a good bit to rent this EA for a month, so it may be best to purchase it outright. According to other traders, the odds of making a profit using this product is likely, as 145/151 users gave it a 5-star rating.

Here’s what some traders are saying:

“Brilliant, simply brilliant. The best EA I have ever used. Keep up the good work. The EA more than pays for itself.” -bennieblue

“The Robot shows very good results, with minimal drawdown. On the M1 timeframe, Scalper does not make negative transactions in 2020. Very good work.” -rsiaat

“Finding trends and trading true breaks outs is not easy, Thanks for helping the MQL5 community with this great tech” -mav1

After checking out all of the positive reviews, it’s pretty safe to say that this EA is a reliable choice. It is compatible with multiple timeframes, pairs, etc., but likely works best when the author’s recommendations are followed. As long as you practice effective risk management and exercise caution deviating from its intended use, then this EA has the potential to be very profitable.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/45197

EN T60 Pro is an Expert Advisor that was launched on the mql5 website in April of 2015 by developer Alfredo Antonetti. It currently remains as version 1.0 with no updates.

Overview

EN T60 Pro is an automated trading robot that uses a scalping strategy with some prevention methods that help to avoid losses, including a close trailing stop to protect each trade, banning the use of risky strategies like Martingale, Antimartingale, hedging, stop & reverse, etc.

Here are a few more key facts about the EA:

• Works on the popular MetaTrader 4 platform
• Works with all pairs; EURUSD, EURJPY, AUDUSD, GBPUSD, USDCAD, and USDJPY provide best results
• Only works with M5 timeframe

The EA will not perform any trade with assets that have a spread greater than 2 pips. While the pairs that provide the best results typically have lower spreads, it is still important to find a low-spread broker, ideally one that does not apply commissions. This is possible, but it may take some effort to find a competitive broker that meets these guidelines.

Service Cost

Traders can start with a free demo version of the product, or rent the full version for $22.50 for 6 months. The lack of the option to purchase it outright isn’t the best choice economically; however, traders will only wind up paying $45 for an entire year, while many similar products cost $100 or more. You’ll also need a low-spread broker, as this is absolutely necessary for the advisor to function. If you have a larger deposit, then this won’t be difficult, but those that don’t have a lot to start with may need to research options to the most competitive spreads.

Conclusion

EN T60 Pro is a scalping-based EA that works best with low-spread pairs on the M5 timeframe. The robot avoids using risky strategies and protects orders against losses with a close trailing stop. While the product remains unrated, it has received one review:

“I’m sorry to say it, but the EA “EN T60 PRO” doesn’t work in my opinion, I’ve tried it in several Brokers, (also ECN) in BackTest it works wonderfully, in Real it’s a disaster, I will also have spent little of this EA, but I am convinced that I threw away the few €uro spent” -Oscar

In the comments section, we noticed that several traders requested a link to myfxbook to prove that the EA was not a scam, but the author ignored many of these requests and never added the link as promised. You’ll want to use this EA at your own risk, and remember that backtest results may not be indicative of real results if the trader that reviewed the product is correct.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/9164

Wizard Pro is located on the MQL5 marketplace under the Expert heading. It was uploaded by Uladzislau Murauyou and was first uploaded to the marketplace on the 1st of April 2020, it was uploaded as version 18.0 and has not received any updates.

Overview

Wizard Pro is an expert advisor that was designed and created for the MetaTrader 4 trading platform, its main purpose is to act as a multipair hedge EA which also uses averaging. It will use three cycles to catch trends and will then secure funds by using non-correlated pairs.

The following information was provided by the developer:

Backtests results of any trading system do not necessarily guarantee a similar result in the future.

Wizard Pro EA requires a minimum of $2500 on your trading account. If you have less than the recommended amount, please use a cent account.

EA requires constantly working 24/5 trading platform. It means that you should use it on a dedicated server.

EA requires constant and fast internet connection. It means that your dedicated server must be connected to the fast internet provider and should be located closer to your broker’s datacenter.

The EA is best used with the AUDUAD, EURGBP, NZDCAD, and USDJPY currency pairs, it should also be used on the H1 timeframe.

Service Cost

The expert advisor can be purchased with a one-time payment of $600, this will give you up to 5 activations of the EA with no other limitations. It can also be rented, this can be done on a monthly period dor $250 per month or over a three-month period which will cost $350 for the three months.

A free demo version is available to sue, but this is limited to being used with the strategy tester within MT4 rather than on a live account.

Conclusion

As the EA was only recently uploaded to the marketplace, there are currently no reviews or ratings about the EA, this makes it hard for us to know whether people are finding it profitable and whether it does what it is intended to do. There are also no comments so we would suggest contacting the developer with any questions that you may have, this way you can be sure that the EA will function how you need it to and that the developer will be around to offer support should you need it.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47898

The VR Smart Grid can be found in the Experts section of the MQL5 marketplace. We have added a link to it below. The expert advisor was created by Vladimir Pastushak and was first uploaded on the 27th of March 2018, it has been updated a number of times and was last updated on the 13th of February 2020, the latest version is 20.27.

Overview

The VR Smart Grid is an expert advisor that can be used with both the MetaTrader 4 and MetaTrader 5 trading terminals, the way that the expert advisor works is by using an algorithm that will allow you to trade with the trend and also against the trend. The expert advisor will trade with the trend when the previous order is already in the profit zone, it will trade against the trend in order to close losing positions in profit.

Some of the main features of the VR Smart Grid expert advisor are:

• Easy to set up.
• Suitable for beginners and professionals.
• It can work with any financial instruments. (Forex, Crypto, CFD, Futures, Metals).
• It can be optimized in the strategy tester.
• It can trade at any time period.
• It has several trading modes.
• It has several averaging modes, including smart averaging.
• It has several types of trailing stops.

Two versions of Expert Advisor for MetaTrader 4 and MetaTrader 5 have been developed. There are a large number of settings available however the list of them is not shown on the site, there are some recommendations that you should follow when using this expert advisor.

Conduct testing in conditions as close to real. Use demo accounts for tests. Test at least 2-4 business weeks. For quality and reliable testing, use VPS servers whenever possible.
The program settings allow you to run several copies of the adviser in one terminal, use this feature. Testing the adviser in the strategy tester will not give you guarantees and reliable good results. Do not leave the advisor on 24/7, always monitor the work of the adviser and, if necessary, adjust the setting.

Service Cost

You can purchase the expert advisor with a one-off purchase of $199, this will give you unlimited and restriction-free access. You are also able to rent the software, for a 3 month period it will cost you $30, for 6 months it will cost you $50, and to rent it for one year it will cost you $100. The site indicates that there is a free version available but the limitations or features of the demo version are not stated.

Conclusion

There are a massive 163 reviews at the time of writing which have given the expert advisor an overall rating of 4.5 out of 5.

“Honestly, this is the best EA I have been seeing in the market so far. It’s very stable and profitable. I have been using this expert adviser for three months now, and it generates steady and concise profits. I highly recommend it to everyone. I thank the developer for a great job, well done.” – A 5-star review.

”I’ve blown my account today (on EURUSD drop) after three weeks trading on Live. However, I leave a 4-star rating cause I think the EA just did what it’s been told. Although I have tested the EA on several demos with several settings, I think that I needed to learn more about the EA’s setting and parameter. I would recommend people get a lot of confidence of how this EA works before hitting the road. I will continue my learning on a demo account and maybe I will come back to the EA again.” – A 4-star review.

“I want to love this EA, but it has blown half of my account twice now. It will randomly take a trade that’s 60 times bigger lot size than others, and then I wake up to half my account gone. I used the developers set files for each pair. Very dangerous EA. Not recommended by me. I brought this to the developer’s attention and his response was just “Very strange! I also use these settings! But I have everything ok! Orders like yours closed with profit!” That response does not help resolve bad coding.” – a 1-star review.

So there is a mix of reviews, this is expected when using a grid-based expert advisor as they can easily blow accounts, there are also over 3,000 comments, the creator has responded to some of them but there are too many to reply to them all, we hope that the customer service once it has been purchased would get more responses. Due to its price, we would recommend contacting the seller to ask for a more comprehensive demo version so you can test it out to ensure that it meets your needs before making a purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/28140

Trend Scalp is currently located on the MQL5 marketplace under the Experts heading. It was uploaded to the marketplace by Dimitry Shutov, it was uploaded on the 22nd of March 2020, it was uploaded to the marketplace as version 1.3, there have not been any additional updates to the software.

Overview

The Trend scalp EA was created to be used with the Metatrader 4 trading platform, it is an automated trading system that is suitable for multicurrency trading. The EA uses the martingale strategy which means that it can be quite dangerous and drawdowns could be high, even though the details suggest that it will not have high drawdowns.

The details suggest that it can be used with a small balance, but often the martingale strategy works best with larger size accounts, although no size of the account is immune to blowing with this strategy. The EA will place a buy or sell, there is no indication of any analysis, so it may just place one randomly, it will then take profits if it goes positive, or if it runs into the negatives, it will place additional trades at an increased lot size in order to try and average out into profit.

The recommended settings to use with this EA include starting lot sizes of 0.01 lots, with a profit selection of 10, step increments of 0.002, and a martingale multiplier of 1.2.

There are some parameters that come with the EA, these include the profit value, when a trade reaches this level it will close, the size of the steps to take between orders, lot sizes to use, and different settings for the martingale strategy.

Service Cost

The Trend scalp will cost you $100 to purchase it, this is a one time purchase that gets you up to 15 activations of the software. If you would prefer to rent the EA, this can be done on a six-month basis and will cost you $45 to rent it this way. There is a free demo version available, it can only be used with the strategy tester within the M4 platform rather than on a live account.

Conclusion

At the time of writing, there were no user-written reviews or ratings available, this is a shame as it means that we do not know whether those that have purchased or rented the Ea are finding it profitable and safe. There are also no comments available so the support being offered is another unknown. You could send your questions and queries to the developer to make sure that it is something that will work for you and that the developer is still around to offer support.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47511

Strx Trendline Break and Bounce Trader can be found on the MT4 marketplace under the Utilities heading. We have provided you with a direct link to the expert advisor below. The expert advisor was created by Francesco Strappini and first uploaded on the 2ns of March 2018, it received its most recent update on the 6th of March 2018 and is currently at version 1.10.

Overview

Strx Trendline Break and Bounce Trader is an expert advisor that has been created for the MetaTrader 4 trading platform, it allows you to draw your own trendlines or horizontal lines, the EA will then trade for you.

The main features of the expert advisor:

• Possibility to trade on break and/or bounce events
• Independent break and bounce settings
• Configurable market, stop and limit orders
• T1T2 Logic to lock profits and minimize losses
• Trailing Stop Loss
• Max Spread check
• Notifies you when your trendlines are crossed

No strange trendline name or syntax, you decide the color of trendlines to monitor and EA open trades for you or only notify you as soon as they are crossed. There is a multitude of options and settings available, some of them include the trendline colors, breakout order types, bonce order types, trailing stop losses, max spreads, pending orders, magic numbers, and many more options are also available.

Service Cost

The expert advisor will currently cost you $30 to purchase outright, there is also an option to rent the indicator this will cost you $15 in order to use it for 6 months. There is also a free demo version, this version will have plenty of limitations, what they are is not mentioned on the site but we know that there will be some.

Conclusion

There aren’t any reviews or comments for the expert advisor, so we do not know whether the people who are using it are finding that it does what it is meant to or working at all, however, if it wasn’t working there would probably be some angry reviews present. Due to there being no reviews, we would strongly suggest that you try out the free version and also send any queries to the developer so you can be sure that the expert advisor is right for you before you make a purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/27093

Sophia PRO can be found within the MQL5 Marketplace under the Experts heading. It was created by Angel Caller Cruz and was first uploaded on the 1st of April 2020, it has not received any updates and is still at version 1.0.

Overview

Sophie PRO is an expert advisor that was created to be used with the <EtaTrader 4 trading platform. The EA is able to work with up to 28 currency pairs including EURUSD, GBPUSD, GBPJPY, EURGBP, CADJPY, as well as Gold.

The sire does not actually state how the EA functions, it just mentions that it can trade using baskets, direct, Fibonacci, Alembert, or inverse styles of trading. There are a few different settings available such as lot sizes and maximum lot size, however not a lot of other information is available.

Service Cost

The expert advisor will currently cost you $899 to purchase outright, this will give you up to 5 activations with no other limitations. You are also given the opportunity to rent the EA, this can be done on a monthly basis and will cost you $299 per month to do. A free demo version is available, we suspect that this can only be used with the strategy tester within MT4.

Conclusion

There are not any reviews or ratings for the EA which means we cannot tell whether it is doing what it is meant to do and how people that are using it are finding it. There are some comments from the developer themself but none from other customers. The comments are recent so it should still be supported, we would suggest sending any queries you have to he developer to ensure that they will be around to offer support should you decide to make a purchase or a rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47783

RushFX can be found within the MQL5 marketplace under the Experts section, it was uploaded on the 4th of November 2016 by its creator Sergei Listov, it was originally uploaded to the MQL5 marketplace as version 1.59 and has not received any further updates.

Overview

RushFx is an expert advisor that can be sued with the MetaTrader 4 trading platform. It was designed to track and trade trend changes within the markets. It will use an algorithm to find the trend on multiple different timeframes in order to get a better idea of exactly what the trend is.

The RuskFx expert advisor can run in a number of ways.

Single currency – the EA will trade the currency pair of the chart it is running on.

Multi-currency – trades all pairs of the embedded array, which includes: EURUSD, AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDDKK, USDJPY, USDNOK, USDSEK, USDSGD, XAUUSD. In this case, the EA should be run on one chart only.

There are a number of configurable parameters also, some of these include magic numbers, trailing stops, which symbols to trade, stop losses, take profits, lot sizes, dynamic lots, currency amounts, and more.

Service Cost

The expert advisor can be purchased with a one-off payment of $100, this will give you up to 5 activations of the software. You are also able to rent it, you can do this on a monthly basis which will cost you $20 per month, for three months it will cost you $30, for six months it will cost you $40 and for a one year period it will cost you $60 per year.

There is a free demo version, but this may only be used with the strategy tester withing MetaTrader 4. While very limited, it may still be worth downloading to test it out prior to making purchase or rental.

Conclusion

Unfortunately, there aren’t any user reviews for us to look at which means we cannot tell you whether most users are finding that it does what it was designed to do. There is a comment, the developer quickly replied to it with an answer, this was 4 years ago and there have not been any comments since so we are not sure if it is still being actively supported. We would suggest trying the free version as well as sending any questions to the creator, this way you can be sure that it is still being supported by them and that it will do what you nee dit to do before you put your money down with a purchase or a rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/18765

The Multi Strategist is an expert advisor that can be found on the MQL5 website, we have linked it below so there is not any confusion with similarly named expert advisors. The current version of this expert advisor is version 4.203 and was last updated on March 13, 2020 (at the time of writing this review).

Overview

The Multi Strategies expert advisor is a fully automated multi-currency expert advisor. The system currently only works with the EURUSD and GBPUSD currency pairs so it can be a little limiting. The expert advisor was created in order to achieve profits by trading with low drawdown and high win rates. The EA uses multiple different strategies to ensure that only the best entry and exit positions are used. It is also highly customizable so you can change the indications used as well as the parameters in order to develop a strategy that works for you.

The strategy uses a number of different bits of technical analysis including:

• Moving Averages
• Pivot Points (Standard or Fibonacci)
• Retracements
• Stochastic Oscillator
• Directional Movement Index (DMI) & Average Directional Index (ADX)
• Alligator
• Momentum
• Relative Strength Index (RSI)
• Moving Average Convergence/Divergence (MACD)
• Williams Percent Range (WPR)

There is a whole host of settings also available including, magic numbers, different trading modes, a handguard, risk management, trailing settings, partial close settings, the ability to close everything on a Friday, multiple filters, and more.

The expert advisor has been designed to work with MetaTrader 5, we do not think that it is compatible with any other trading platforms as nothing else has been mentioned.

Service Cost

The Multi Strategist currently costs $219, however, there are regular sales where you can get $10 or $20 off. You are also able to rent the expert advisor, for 6 months it will cost you $149, while you can also rent it for one year for $199.00, but you may as well buy it outright instead of paying slightly less for just years use. There is also a demo version available. However, we are not sure exactly which features are available or how long this demo will last.

Conclusion

There are 17 different reviews on the website, the overall opinion seems to be very positive. Some of the reviews include:

“Recently purchased this EA, so far so good, has very good risk management compared to other EA’s. Profitable so far.”

“This EA is intriguing. Very well developed and thought through. A fine piece of German engineering. Julian responds instantly and is eager to answer all my questions to my satisfaction. He constantly tests and perfectionates the EA’s performance and implements improvements and meaningful customer requests. I can feel that he puts all his heart into his work. Highly recommended EA and author.”

“Solid EA…author is continuously working on making it even better. Backtests and demo producing results as advertised.”

These are all very positive reviews. However, we would always recommend giving the demo a try, just to make sure that the expert advisor works for you.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/42084

Momentum Classic can be viewed within the Experts section of the MQL5 website, we have added a link to ti below as there may be others with similar names. The expert advisor was created by Ivan Pochta and was first uploaded to the MQL5 marketplace on the 20th of November 2018. It has received a number of updates, the latest update was on the 27th of January 2020 and this brought the expert advisor up to 3.2.

Overview

Momentum Classic is an expert advisor that works with MetaTrader 4, it is a completely automated expert advisor nad works by looking for impulses in the market which will signal a trade entry. It will only open trades in the direction of the impulse and trade and will not place reverse trades, it is built on price action principles and is measuring the strength of momentum and not only the deviation and volatility.

The expert advisor has been designed to work with the following pairs and timeframes:

M15: AUDUSD, EURAUD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD.

M30: AUDUSD, EURAUD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD.

H1: AUDUSD, EURAUD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD.

There are also a number of parameters available to alter to better suit your needs, some of these include adding a comment, using fixed lots or not, to set risk level, money management, supported currency pairs, timeframes, suffixes, prefixes, and more.

Service Cost

The expert advisor is currently on sale and can be purchased for $400, its normal price is above this but we do not know what it is. The expert advisor can also be rented for different periods of time. To rent it for 1 month it will cost you $75 per month, for three months it will cost you $150, and for one year it will cost you $250. There is a free version available too, this has some limitations however we are not fully clear on what the limitations are.

Conclusion

At the time of writing, there are currently 29 reviews for this expert advisor, they are giving it an overall rating of 4.5 out of 5.

“The separation between entering and leaving positions by brokers is severe. So both the backtest and the forward test must be the tests of the broker that you use. The number of positions fluctuates from 1 to 4 and the SL value changes every time, so it is difficult to manage risk. In addition, one entry has up to four positions, so if you consider it as one position, the number of entries is not large. However, since the profit is increasing, the star is 3.” – A 3-star review.

“This EA is very good, and the author is very helpful, thank you for your good job.” – A 5-star review.

“I think that Ivan is a good developer and I encourage him to continue with the good work. I trust his EA and I think I will use them for the future.” – A 5-star review.

So the reviews are looking very positive, there are also over 200 comments, the creator of the expert advisor is replying to each one which indicates that there will be some good customer support once the expert advisor has been purchased or rented, we would, however, recommend that you download and try out the free version before making a purchase just to make sure it works for you and suits your needs.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/25517

Crocodile Trader Pro is located within the Experts section of the MQL45 marketplace, it was first uploaded on the 6th of AMrch 2020 by its developer Michela Russo, it was most recently updated on the 2nd of April 2020 and is currently at version 1.5.

Overview

Crocodile Trader Pro is an expert advisor that was developed for the MetaTrader 4 trading platform, it was created to trade a number of different strategies, ultimately though, it is a trend-following EA. The EA does not use arbitrage or high-frequency trading strategies.

The actual strategy that the EA will use is not detailed, it simply states that it will use various strategies to follow the trends. However, it does not detail what the strategies that it will use actually are which is a little strange and potentially deceiving. All that we do know is that it will analyze the markets using obsolete indicators and patterns, it will do this in order to try and find the trend in the markets. Once a trend has been discovered it will use market volatility and an artificial intelligence algorithm to predict the future trend and will then enter the markets.

https://youtu.be/d1KpT97cjzQ

It has been recommended to use the EA on the EURUSD, GBPUSd, and USDCAd currency pairs and to sue the M1 timeframe. You should use an account with at least a balance of $1000 and a broker account with low speeds such as an ECN or STP account.

The EA also comes with a number of parameters, these can help alter the EA to better suit your own requirements. Some of the available options include the lot size, risk to use for each trade, the RSI periods, magic numbers, which days to trade, how many open orders to have at any one time, the take profit settings, maximum monetary losses, trade comments, news filters and more.

Service Cost

The Crocodile Trader Pro EA can be purchased from the MQL5 marketplace for a one-off payment of $180, this gets you up to 5 activations with no other limitations attached to it. There is also the option to rent the EA, this can be done on a monthly basis and will cost $100 per month, it can also be rented for a year, this will cost you $150 for the years usage.

A free demo version is also available, this is limited to the strategy tester within the MT4 platform and can not be sued on a live account.

Conclusion

There are currently 10 user reviews for the Crocodile Trader Pro EA,m they have given it an overall rating of 10 out of 10.

“The tester has good results even with aggressive settings. Now put it on a nano-account and see how long it lasts. Plus a quick response from the support service. 5 stars.” – A 5-star review.

“Purchased the product. Looks very promising in backtests. We will see over time how it performs! The developer is responsive and helpful Update:- Made 10 USD profit since yesterday on 0.01 lot size on all 3 currency pairs. So far looking good in such turbulent market. Let’s see over time !“ – A 5-star review.

“Good in real trading, but you must be very careful with risks. Great support! Helps quickly.” – A 5-star review.

So the reviews are all very positive which is good to see, the comments within the reviews are all praising the support that they have been receiving from the developer which is fantastic as this shows that if you purchase or rent the EA, you will be able to get support form the developer to get it set up and to help solve any issues that you may have. The comment section also reiterates this as the developer has been replying to all the comments in a very prompt manner.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47007

MTrendingEAv2 is located within the Experts category of the MQL5 marketplace, it was created by Chu Hai Ha and was uploaded to the marketplace on the 15th of March 2020, it was uploaded to the marketplace as version 2.0.

Overview

MTrendingEAv2 is an expert advisor that was designed to be used with the MetaTrader 4 trading platform, it doesn’t actually detail what the EA does or how it functions, the only information is that it will trade along with the trend, but no details about how it will work out the trend or the entry and exit points.

The EA has been designed to only work with the GBPCAD currency pair so you should not attach it to any other currency pair, it will also run using only the H1 or D1 timeframes, using it on another timeframe can cause the settings to not function properly and trades may be opened when the conditions are not optimal. Each trade is opened with a pre-determined stop loss and take profit level set, it also has the option to use trailing stops. The EA uses medium to long term trades and does not scalp or news trade.

The EA also comes with a few settings, there aren’t many but altering them can change the way that the EA works. Some of the options included are the amount of risk per trade, the initial account balance, the current broker that you are using, the maximum spread allowed, the maximum lot size to use, and whether to show the account information.

Some noted s from the creator of the EA:

-Please use for Broker with low spread.

-Should be run on a VPS to allow EA 24h/24h finding entry.

-EA opens very little trade (not every day), doesn’t occupy much account margin, and with its Low Drawdown, so you can dedicate it to a separate trading account and manage its fund to have the highest return/profit.

-When run tester (if any), turn off “Show Account Information” to have higher test speed.

Service Cost

The developer has set the payment structure for the Ea up to try and persuade people to rent it rather than purchasing it If you wished to purchase it outright, it will cost you $990 to do so which gets you up to 5 activations of the EA. If you prefer to rent the EA, you can do this on a three-month basis which will cost you $45 for that time period, for six months it will cost you $80 and for a one-year rental, it will cost you $150.

A free demo version is available to sue, but this is limited to only being used with the strategy tester within the MT4 trading platform and cannot be tested on a live account.

Conclusion

At the time of writing, there were no user reviews or ratings so it is not known whether people are finding it useful or profitable, there are also no comments so the sort of support being offered cannot be observed. Due to both of this reasons, we would strongly suggest that you try to contact the developer with any questions that you may have so you can be sure that they will be around to offer support and that the EA will function how you need it to before you make a purchase or rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47220

Momentum Open is currently located on the MQL5 marketplace under the Experts category. It was first uploaded by Ivan Pochta on the 17th of December 2019, it has had a few updates, the most recent update was on the 19th of March 2020 and it is currently at version 1.2.

Overview

Designed for the MetaTrader 4 platform, Momentum Open is a completely automated expert advisor. It will look for impulses and bursts of movement within the market and it will use these to signal the start of a trend in the markets, so it has been built around price action principles.

The EA will open trades automatically and will only open them in the same direction as the market is trending, it does not open reverse trades. The EA also does not use Martingale, Grid, Averaging, Scalping, or Hedge methods of trading.

Momentum Open has been optimized for the following timeframes and currencies:

M15: AUDUSD, EURAUD, EURGBP, EURNZD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD.

M30: AUDUSD, EURAUD, EURGBP, EURNZD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD.

H1: AUDUSD, EURAUD, EURGBP, EURNZD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCHF, USDJPY, XAUUSD.

There is also a range of different parameters available, they include things like comments, slippage, magic numbers, lot sizes, Bollinger Bands, Fibonacci levels, timeframes, ATR periods, RSI periods, days to trade, time to trade, and more.

Service Cost

Momentum Open is currently having a sale, you can purchase it with a one-off payment of $600, this is a discounted price, once enough copies are sold it will go up to $75, we do not know what its original price it but it may well be the $750 that it will go back up to, this version will not have any limitations attached to it. There is also no option to rent this expert advisor.

A free demo version is available, however, the limitations of the free version are not mentioned on the site, it may well be worth downloading to test anyway due to the high purchase price.

Conclusion

There are just two reviews for the Momentum Open expert advisor, the combined score from the two reviews is 4.5 out of 5.

“I have good results, stable and low risk. I love the way of Open version, users can add new pairs to trade, re-optimized by themselves. for now, I do not add any new pair and use Ivan’s presets, but who knows one day if this presets not work, At least I can re-optimized and manage a portfolio.” – A 5-star review.

“I just tried it the very low DD 2.9% for 10% return from 2017 to 2020. But what really made me gave the 4 star is the coding that makes the backtest and Optimization really fast and that saves a lot of time.” – A 4-star review.

Both the reviews are very positive, there are 8 comments within the comment section but each one is from the developer giving a little update, the most recent update was on the 19th of March 2020 which shows that the developer is still actively supporting the EA. Due to the high price, be sure to try out the free version and contact the developer with any queries that you may have before making a purchase, just to make sure it is right for you.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/44547

MagicSignls EA can be found on the MQL5 marketplace under the Experts category. We have provided a link below as there may be other expert advisors with similar names. The expert advisor was first uploaded by its creator Ola Said Abd Elghafar on the 28th of October 2015, it has had a number of updates, the most recent update for the advisor was on the 15th of December 2019 and this brought the expert advisors version up to version 6.8.

Overview

The MagicSignals EA is an expert advisor for use with MetaTrader 4, it uses its own algorithms to open trades, the system also comes with a money management system. The main input is the risk, once you put it in the EA will do the rest of the work for you.,

The main features of the expert advisor:

• No Martingale or grid.
• Always use stop loss to protect capital.
• User-friendly.
• Works for ALL years SINCE 1999 with one setting
• Very good Risk/Reward ratio.
• Works on all brokers.
• Never need to optimize
• Can be used on accounts as small as 100$

There are also some recommended parameters to use, you can, of course, change any of them to more suit your own style:

• MaxLots = 1000
• UseMM= TRUE
• Risk = 10
• BrokerSpread = Set spread not over than
• Spread = 5.0
• slippage_1 = 3

Service Cost

The MagicSignals EA is a rather expensive one, to purchase it outright it will cost you $30,000 which is a lot. There are options to rent it, but they are just as expensive, it will cost you $1,800 to rent it for one month, it will also cost you $3,000 for three moth,s $6,000 for six months or $10,000 for a one-year rental.

There is also a free demo version available but the site does not indicate what the limitations of this free verso nare so we do not know how beneficial the free version would be.

Conclusion

There are three reviews, however only one of them is an actual review and gives a rating, it has given the EA a rating of 5 out of 5.

“It’s very good ea thanks for you” – A 5-star review.

So not a lot to go on with the reviews, the developer has been replying to comments, although there have not been any for a while so we are not sure if they are still giving good quality customer service. Due to the lower number of reviews and lack of recent comments, we would suggest trying out the free version. Also, you should contact the developer with any queries, due to its high price, you should ensure that it is right for you before making a purchase or rental.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/12319

ForexMonster Eurusd H1 is located under the Experts category of the MQL5 marketplace, it was created by Raphael Schwietering and was first uploaded to the marketplace on the 22nd of March 2020, there have been no updates so far, so the software is still at version 1.0.

Overview

ForexMonster Eurusd H1 is an expert advisor that was designed to be used with the MetaTrader 4 trading platform, there is not actually a lot of information about the EA which is a shame, the only information readily available is the fact that it is a fully automated trading system that does not use a grid, martingale, arbitrage, or tick scalping as its methods. We do not actually know what the methods are.

There are some additional features that come with the ForexMonster Eurusd H1 EA, these include working with 4 or 5 digit brokers, 5 types of money management including fixed lots and percentages, adjustable trading times, it has a spread filter, an equity stop functions, offers drawdown protection, takes profit bracket functions, to stop trading once take profit or stop loss target is reached, fast buttons for order types, an information panel, and an advanced algorithm for entering the exiting the markets.

There are also some parameters and settings that come with the EA which allows you to alter its functions. Some of these inputs include showing the information panel, magic numbers, lot sizes, risk management settings, take profit and stop loss goals, maximum spreads, slippage, minimum equity, and many more. Considering we do not know what the trading strategy used by the EA is, adjusting these settings is a little bit like getting dressed in the dark, you won’t know what it will come out doing.

Service Cost

The ForexMonster Eurusd H1 EA can be purchased with a single payment of $349, this will get you up to 50 activations of the EA with no other limitations, there is also the option to ren the EA. This can be done on a yearly basis and will cost you $199 per year, slightly less than this developer’s other EAs on the marketplace. A free demo version is also available, this can be used with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

It is hard for us to get the full picture of this EA because unfortunately, there are currently no user reviews or ratings so we do not know whether people are finding the EA 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 suggest contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47528

Control Adora is a utility that can be found on the MQL5 marketplace, we have added a link to it below. The utility was uploaded by Sergio D. Rocha on the 14th of May 2014 and has had a few different updates, the most recent update was on the 26th of August 2015, this brought the software up to version 4.9.

Overview

Control Adora is a control panel that has been designed for the MetaTrader 4 trading platform in the form of an expert advisor. The control panel gives you a lot of options on how you are able to control your trading.

Some of its functions:

• Close trades when they cross a trend line.
• Take profits when the price reaches the top of a channel.
• Calculate loss percentages when opening a trade.
• Divide a trade into multiple entries.
• Activate stop closes.
• Open buttons with buy and sell buttons.
• Calculate the risk and profit of a trading signal.
• Manage own trades and also any existing trades on the platform.
• And more.

So there are a lot of things that the control panel can do, it also has a number of settings that can alter the way it works to better suit your own needs and strategies. These include things like colors, button functionality, price distances, maximum, minimus, and many more.

Service Cost

The Control Adora utility can be purchased for $65, this will give you unlimited access to it. Many pieces of software on the MQL5 marketplace offer the option to rent it for a shorter period of time, Control Adora, unfortunately, does not offer this option. There is a free version available, this will come with some limitations but we are currently not sure what the limitations are.

Conclusion

There are 7 reviews available for Control Adora and they are giving it an overall rating off 4.5 out of 5 which is a very good score to have.

“This tool is very dangerous. Open looped operations up to the account limit. At first, it seemed like a problem with my Renko charts (offline chart), but now a simple M5 chart has passed me again. I will not use it anymore because it does not give me confidence. Luckily, the tests were in the demo.” – A 1-star review, Google translated from Spanish.

“Excellent tool that greatly helps the trader to manage all their operations. Congratulations.“ – A 5-star review

“Fantastic tool that helps you in the placement and management of the position. It has a lot of variables to operate according to the particular way of each trader. It is made by a professional trader, therefore it collects everything you need, and if not he solves it for you. Very accessible and efficient colleague. Thanks for everything Sergio“ – A 5-star review, Google translated from Spanish.

So there is a mix of good and bad reviews, the majority are all very positive. There are also a number of comments, the creator seems to be replying to them in a prompt manner, although they were from a while ago. Even though the majority of the reviews are very positive, we would highly recommend that you download and test out the free version to enable you to make sure that it works for you and that you are able to get it set up correctly.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/4158

The CCI EA is an expert advisor that can be found on the QUIVOfx website, there are three versions of the expert advisor available, the basic, advanced and pro, each one is currently on version 1.05 of the software. As there are many expert advisors with very similar names, we have added a link to the expert advisor below.

Overview

The CCI expert advisor is designed t use the commodity channel index in order to open up a trade. It uses two different strategies, the break-in, and the breakout. For the break-in strategy, the EA will open up a trade if the CCI levels break into the oversold or overbought level. The break out strategy will open up a trade if the CCI level breaks out of the oversold or overbought level.

The expert advisor only works with MetaTrader 4 and there is mention of a different version (not for MetaTrader 4) but no actual information on this page, the different versions (basic, advanced, and pro) come with slightly different features.

The basic version comes with a money management system, the ability to trade on a new bar, an inverse strategy, and it has two different entry strategies.

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

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

Service Cost

The three different versions have slightly different prices, the basic version is actually free to use, and so this can be used as a kind of demo to test out the expert advisor, the advanced version costs CHF 29.90 while the pro version currently costs CHF 39.90. There is not a demo version of the advanced or pro features of the expert advisor.

Conclusion

There aren’t any written reviews available for us to loke at, the only information that we have available is a rating system, there are currently 102 different votes and this has given the expert advisor a rating of 3.5/5 stars which is not a terrible score and shows that the expert advisor has been working for the majority of people, however, its effectiveness is not made fully aware to us.

This Forex service can be found at the following web address: https://quivofx.com/expert-advisor/cci-ea

Bridge can currently be found within the experts section of the MQL5 marketplace, there may be other expert advisors with similar names so we have added a link below to help avoid any possible confusion. The indicator was first uploaded on the 20th of February 2020 by Smart Forex Lab, there have not been any updates yet and so the current version is still 1.0.

Overview

Bridge is an expert advisor that can be sued with the MetaTrader 4 trading platform, it was created to work with moving averages, impulse candles, and Fibonacci levels.

The main features of the Bridge expert advisor:

• Dangerous & risk strategies free
• Hard stop loss
• Split system & Trailing stop
• Calculated TP, SL and Lot size
• Total risk control
• There are some recommended setting when using the expert advisor:
• Pairs: EURUSD, GBPUSD, USDJPY, GBPJPY
• Timeframe: H1
• Risk: 1-3% per order
• Leverage 1:500

There is also a whole host of settings and parameters available that you can use to slightly change the way that the expert advisor functions, some of these include things like maximum spreads, maximum lot sizes, the lot type including risk, the risk factor to use, take profit levels, trailing stops, and many more options too.

Service Cost

The Bridge expert advisor can be purchased, for $175, this will give you unlimited access to the expert, there is also the option to rent it, you can rent it on a monthly basis which will cost you $30 per month, you are also able to rent it on a three month period which will cost you $50 and for 6 months it will cost you $100. There is also a free demo version available, this will have some limitations to it, but we are not sure what they are.

Conclusion

The expert advisor only came out on the 25th of February 2020 so there aren’t currently any reviews, there are some comments, the creator seems to be replying to them quite promptly so this tells us that they are willing to help support it rather than just uploading and leaving it. Due to there not being any reviews available, we would highly recommend that you download and test out eh free demo version, even though there will be some limitations, it will give you an idea of how it works and whether it will suit your needs.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/46360

Auto Trade Copier is an expert advisor that can be found on the utility section of the MQL5 marketplace. There are a lot of trade copying expert advisors on the market, so we have linked to the exact one that we are looking at below. The expert advisor was first released on the 17th of June 2014, it has been updated a few times and the most recent update was on the 13th of AMrch 2020 and is now at version 5.69.

Overview

The Auto Trade Copier is an expert advisor for MetaTrader 4, it is designed to copy trades between multiple MT4 and MT5 accounts with a 100% accuracy rate. You can act as both a sender or receiver by using this single expert advisor.

The main list of features:

• Copy between MT4 and MT5 accounts.
• Switch between Provider or Receiver role within one tool.
• One provider can copy trades to multi-receiver’s accounts.
• One receiver can copy trades from multi-provider’s accounts.
• An account can copy to itself as a way to enlarge lot size. This is useful to modify copied lot size from the MQL5 signal.
• Copy SL/TP modifications, not only Entry and Exit, so it’s more secure for a receiver in the case the connection is lost or terminal is down.
• The receiver’s account can still trade manually or use other EAs without any conflict.
• Auto recognizes and synchronizes symbol suffix between brokers.
• Allows up to 5 special symbols setup (i.e.: GOLD –> XAUUSD, etc.,).
• Multi lot size setting options.
• Drawdown protection to the receiver account.
• Allows filtering copy Entry, SL, TP, and Exit point.‌
• Allows filtering which type of orders will be copied.
• Allows inverted copying.
• And more

There are also a lot of settings and parameters available to help alter the functionalities of the utility. Some of these include special symbols, the ability to change font sizes, to choose to be a sender or receiver, to set lot sizes by scaling, multiplier and others, maximum lot sizes, copy filter options, order filters, copy comments, and more.

Service Cost

The expert advisor will cost you $79 to purchase outright, you are also able to rent it on a monthly basis and will set you back $39 per month. There is also a free demo version available, this version only allows you to set the volume as fixed minimal lot sizes.

Conclusion

There are 65 reviews available, these reviews have given the expert advisor a 5 out of 5 rating.

“The best trade copier available in the market with great support. Highly recommended!” – A 5-star review.

“Thanks, Kevin for this excellent copier. it works exactly it should be. All I ask for is stability. Keep up the good work Kevin. Highly recommended seller” – A 5-star review.

“This copier cannot set SL and TP at slave side. It can only copy master’s SL & TP. Before I purchase I asked seller if I can set SL and TP at slave side and he replied “yes”. After I purchased and asked him again, he changed his answer and said “The normal version of my trade copier doesn’t have features to set custom SL and TP for the receiver. But if you want, I can make a custom version with that feature for you.”. He never tells me about the version when I asked him before I purchase. Wasting my money.” – A 1-star review.

So while the majority of reviews are very positive, there are some negative ones out there, as always, we would recommend that you download the free demo version just to make sure that it works how you need it to and that you are able to get it set up correctly prior to making a purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/4676

Recovery Bad Order MT4 is a piece of software that is located on the MQL5 marketplace under the Experts heading. It was created by Marta Gonzalez and was uploaded to the marketplace on the 21st of March 2020, it has not had any updates so the software is still lat version 1.0.

Overview

Recovery Bad Order MT4 is an expert advisor that was designed for the MetaTrader 4 trading platform, the EA was designed to be a recovery robot, helping you get out of trades that have not gone the right way. The EA will place positions going in the opposite direction to the positions that are going negative, it will use calculations to work out the size and positions to take, it will help split up unprofitable positions into smaller ones that can be closed over time reducing losses.

There are some input parameters available that can slightly alter the functions of the EA, these include the magic numbers, lot sizes to use, basket settings, recovery mode, and more.

https://youtu.be/smRcLzd-4EY

Service Cost

Recovery Bad Order MT4 can be purchased with a single payment of $30 which gets you 5 activations of the software and no further limitations. If you prefer, there are some options to rent the EA too, these can be done on a monthly basis which will cost $10 per month, for three months it will cost you $15, for six months it will cost you $20 and for a year rental, it will cost you $25 for the year.

A free demo version can also be used but only wot the strategy tester within the MT4 platform, so for this sort of EA, it will not be very helpful.

Conclusion

There are currently no user reviews or ratings at the time of writing this so we do not know whether people are finding the EA 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 suggest contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47200

Pipsmonster Eurusd H1 is located and found on the MQL5 marketplace, it was created by Raphael Schweitering and was uploaded on the 22nd of March 2020, it has not received any updates so its current version is still version 1.0.

Overview

Pipsmonster Eurusd H1 is an expert advisor that was created for the MetaTrader 4 trading platform, it is an automated trading system that has been optimized to be used with the EURUSD currency pair and on the H1 timeframe. There isn’t much information available around how the EA will actually function which is not a great sign to see as customers will need to know how it functions and analyzes the markets when altering some of the available parameters.

There are some additional features that come with the EA, these include working with 4 or 5 digit brokers, it has a spread filter, an equity stop functions, offers drawdown protection, takes profit bracket functions, to stop trading once take profit or stop loss target is reached, fast buttons for order types, an information panel, 5 types of money management including fixed lots and percentages, adjustable trading times, and an advanced algorithm for entering the exiting the markets.

There are also some parameters and settings that come with the EA which allows you to alter its functions. Some of these inputs include showing the information panel, magic numbers, lot sizes, risk management settings, take profit and stop loss goals, maximum spreads, slippage, minimum equity, and many more.

Service Cost

The Pipsmonster Eurusd H1 can be purchased with a single payment of $349 which is a one-time payment that gets you up to 50 activations and no other sort of limitations. There is also an option to rent the EA, this is done on a yearly basis and will cost $299 per month. A free demo version is also available and has been limited to usage with the strategy tester within the MT4 platform.

Conclusion

Unfortunately, there are currently no user reviews or ratings so we do not know whether people are finding the EA 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 suggest contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47527

NightXploiter can be found within the Experts section of the MQL5 marketplace, it was first uploaded by Ugur Oezcan on the 17th of August 2018 and was most recently updated on the 10th of August 2019, the expert advisor is currently at version 1.30.

Overview

MightXploiter is an expert advisor for the MetaTrader 4 platform, its main purpose is to open trades based on levels. It can be used with multiple different currency pairs at once and depending on the pairs, the trading sessions are mostly short and occur just before the New York close up until the middle of the Asia sessions.

The expert advisor does not use methods such as martingale or grid, every trade will have stop losses added to it once the trade reaches a profitable zone, it will also use trailing stops.

In terms of parameters, there are plenty of them for you to change, they include things like GMT offset, session opening and closing times, whether to use fixed lots, stop losses, which money management strategy to use, take profits during the drawdown, custom currencies, notification settings, and more.

Service Cost

It is quite an expensive expert advisor, NightXploiter will cost you a one-off payment of $499, this will give you up to 5 software activations and it does not have any additional limitations. There is also the option to rent the EA, this can be done on a monthly basis and will cost you $35 per month, for three months it will cost you $90, for six months it will cost $170 and to rent it for one year it will cost $350 per year.

The MQL5 website shows that a free demo version is also available, this version will be highly limited, it could be that it is only usable with the product strategy due to there not being an official demo version from the developer.

Conclusion

There are two reviews available for the EA, they have given it an overall rating of 5 out of 5.

“One of the best scalpers for CHFJPY pair. It comes with great performance, steady growth with low DD. Highly recommended…“ – A 5-star review.

“This EA’s loss is too big, now it is a downward trend to hold many orders, a stop loss is around 15% if 4 orders all stop loss will lose 60%, which is very terrible, this is a failure result, people do not buy, I now lost more than 10%” – No rating is given.

The overall rating of 5 out of 5 ca be a little misleading as there is in fact a negative review, the user just did not leave a rating, the opinions within the reviews ar every mixed, one with profits and one with losses. Thre are also over 30 comments, the developer has been very active in replying to them which shows that they are still supporting the EA and will be there to offer support should you decide to purchase or rent the EA.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/31079