Tag: forex services

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

Overview

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

Some of the key features provided by the indicator:

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

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

Service Cost

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

Conclusion

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

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

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

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

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

Overview

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

Some of the advantages of this indicator:

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

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

Service Cost

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

Conclusion

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

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

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

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

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

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

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

Overview

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

Some of the features included are:

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

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

Service Cost

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

Conclusion

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

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

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

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

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

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

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

Overview

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

The main features of this indicator:

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

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

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

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

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

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

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

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

Service Cost

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

Conclusion

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

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

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

Overview

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

The main features of the Three MA Alert indicator:

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

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

Service Cost

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

Conclusion

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

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

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

Overview

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

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

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

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

Service Cost

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

Conclusion

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

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

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

Overview

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

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

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

Service Cost

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

Conclusion

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

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

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

Overview

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

The main features described by the developer:

Uptrend

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

Downtrend

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

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

Service Cost

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

Conclusion

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

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

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

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

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

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

Overview

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

Some of the benefits of the indicator include:

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

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

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

Service Cost

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

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

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

Conclusion

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

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

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

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

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

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

Overview

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

The indicator includes three main features:

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

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

Service Cost

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

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

Conclusion

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

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

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

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

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

Overview

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

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

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

Service Cost

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

Conclusion

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

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

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

Overview

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

The main objectives of the indicator:

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

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

An example strategy is given by the creator:

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

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

-Exit the market after the objective is achieved.

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

Service Cost

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

Conclusion

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

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

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

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

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

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

Overview

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

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

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

Service Cost

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

Conclusion

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

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

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

Overview

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

The main features of the indicator:

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

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

Service Cost

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

Conclusion

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

“Very good indicator !! Thanks 🙂 !”

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

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

Double HMA MTF for MT4 can be found within the indicators section of the MQL5 marketplace, there is a link directly to it below. It indicator was created by Pavel Zamoshnikov, he first uploaded it to the MQL5 marketplace on the 11th of January 2019, it received a further update on the 24th of January 2019 and is currently at version 1.3.

Overview

Double HMA MTF for MT4 is an indicator for MetaTrader 4, it is an indication that works on multiple timeframes and uses Hull Moving Averages.

The indicator comes with a graphical panel which holds all the HMA data, the panel will indicate if the HMA switches direction and also displays a test and sound effect to indicate this. It will be located within its own separate window rather than directly on the chart.

The signals are generated in a couple of different ways:

-The possible signal is generated when the HMA color is switched and when the bar of the higher TF is not closed yet. The possible signal is displayed on the graphic panel with a question mark. It is risky to open a deal on this signal because it can be canceled if the HMA color is restored before closing the higher TF bar. However, the possible signal allows you to open a trade at the best price. The possible signal can be switched off.

-The final signal is generated by switching the color of the HMA of the higher TF and the bar of the higher TF has already closed. This signal is never redrawn.

-The final signal is displayed on the graphic panel with an exclamation mark.

There are a number of different parameters, some of them include the offset of higher TF relative to current TF, the HMA time periods, to enable or disable signals, arrows, colors, to show legend, to turn alerts on or off and the type of alert to use.

Service Cost

The indicator will currently cost you $30 to purchase it outright, this version will come with no limitations. Indicators on the MQL5 marketplace often have the ability to rent them, however, this one does not. There is a free demo version, however, the limitations of this version are not known as they are not mentioned on the MQL5 website, it may be worth downloading to try out the indicator without having to make a purchase.

Conclusion

There is just one review that sums up their thoughts on the indicator in one word.

“Useless” – A 1-star review.

So the only review is not a positive one, there are a few comments too, the developer of the indicator has been replying to them which is great to see and shows that they are still supporting the indicator and its users. As there aren’t too many reviews available we would suggest downloading and trying out the free version so you can see how it functions and whether or not it does what you need it to do.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/33733

First uploaded on the 7th of August 2017, Svyatoslav Kucher uploaded Break Moment to the MQL5 marketplace under the indicators heading. It has not received any further updates since it was first uploaded and so it is still on version 1.0 of the indicator.

Overview

Break Moment is an indicator for use with the MetaTrader 4 trading platform, the main purpose of the indicator is to determine the main trend of a currency pair, it is able to produce signals and alerts to inform the user of a new trend forming.

The indicator can be used is a number of different ways:

-As a signal indicator. There is a sufficient number of filters for eliminating signals with insufficient quality. Those filters include filters of volume, volatility, and others.

-As a confirmation indicator. The indicator’s signal means that the current currency pair has an activity, impulse. A rebound in the direction of this activity can be used for entry.

-As a trend indicator.

There are plenty of settings and parameters available to alter, these include things like the price channel period, volume filter periods, trend filters, verticle lines, alert setting such as sounds and type, method of calculating, and more.

Service Cost

The Break Moment indicator can be purchased with a one-off payment of $55 which will give you 5 activations of the indicator. It can also be rented on a monthly basis which will cost you $15 per month, this must be paid each month that you wish to use the indicator.

There is a free demo version, no information is available on the site which normally means that it will only be able t obe sued with the strategy tester, it may still be worth downloading and trying out regardless.

Conclusion

Just one review giving the Break Moment indicator a rating of 5 out of 5.

“A good indicator for manual trading is a great addition to the trading system!“ – A 5-star review [translated from Russian]

The review is good but there is only one so it doesn’t give a full picture of how people are finding the indicator. There are a few comments, most are from the developer but there has not been a comment since 2017 so we are not sure whether the indicator us still being actively supported by the developer. We would suggest sending any queries that you may have to the creator, this way you can make sure that it is the right indicator for you and that it is still being supported before you make a purchase or a rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/24575

ArgoSuperTrend was uploaded by Alexander Lasygin on the 6th of June 2014 onto the MQL5 marketplace where it can now be found. It has not received any additional updates since it was first uploaded and so it ism till on version 1.0.

Overview

ArgoSuperTrend is an indicator for the MetaTrader 4 trading platform, the main aim of the indicator is to identify the main market states of a trend, pullback, and flat. This will allow you to enter the market at the time you want to and with the use of any trading style.,

The indicator has a number of visuals, first is a row of dots that shows you the current trend, wither bullish, bearing or neutral, the bars are also colored to indicate the current fastCCI location.

The indicator will generate potential stop losses and take profit levels based on the trends and markets, you will need to set these yourself if you wanted to use them, the indicator will use Fibonacci levels as a method of working the stops out.

There are plenty of parameters available too, some of them include the style of lines, candle colors, arrow sizes, clock visibility, target Fibonacci levels, slow CCI period, fast CCI period, and many more options are available too.

Service Cost

The ArgoSuperTrend will currently cost you $15 which is relatively cheap when comparing to other indicators, this is a one-off payment to get you limitation free access. There is not an option to rent it but there is a free demo version, this will be limited but the actual limitations are not known to us as they are not stated on the site, it may be worth downloading and testing out.

Conclusion

ArgoSuperTrend currently has seven user reviews giving it an overall rating of 4.5 out of 5.

“After 2 years of backtest on two pairs (as an addition to my strategy), I can say that it’s a very good tool for entries and exits. 5*!” – A 5-star review.

“Useful indicator” – A 3-star review.

“Very good indicator. I can enter a trade anytime with this indicator.“ – A 5-star review.

The reviews are generally very positive and the developer of the indicator seems to be actively supporting the software by replying to comments and offering support. The free version is there to try and the developer is ready to answer any questions that you may have before purchasing, so it may be worth making sure that the indicator is right for you before you purchase it.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/4631

Ultimate Moving Average Crossover Multi Pair MTF is currently located on the MQL5 marketplace under the indicators section, we have provided a direct link to the indicator below. Created by Yossarian Escobedo, the indicator was first uploaded on the MQL5 marketplace on the 5th of November 2018, when it was uploaded it was already on version 2.67 and there have been no further updates.

Overview

Ultimate Moving Average Crossover Multi Pair MTF is an indicator for the MetaTrader 4 trading platform, it was created to help find the various different types of moving average crossovers. These then help the indicator give a clear buy or sell order.

The main features of the indicator:

-This indicator monitors all 28 pairs by default. But you can monitor as few (or as many) pairs as you wish.
-It can monitor any symbol in your Metatrader platform. Including crypto, commodities, indices, equities, ETF’s, etc.
-It can monitor every timeframe from 1 Minute to Monthly. All at the same time.
-It will automatically trigger an alert whenever the appropriate crossovers are identified.
-It can monitor crossovers for anywhere between 2 and 5 moving averages (2, 3, 4, or 5).
-It can monitor several moving average calculation methods (simple, exponential, smoothed, and linear weighted).

You only need to place the indicator on to a single chart, it will then be able to monitor and scan the entire market.

There are also a number of parameters that come with the indicator, these allow you to alter the functions and display of the indicator to better suit your needs. Some of the options include the number of moving averages to use, the moving average period, the moving average method, to have candle alerts, bulling alerts, bearing alerts, minutes between each alert, and which symbols to use.

Service Cost

The indicator can be purchased outright for $79 which will give you unlimited access without any limitations, there is also the option to rent the indicator, you can do this on a monthly basis which will cost you $59 per month, you can also rent if for three months and will cost you $69 per three month period.

There is also a free demo version available, unfortunately, the site does not detail what the demo version involves and what the limitations of the free version are, even without knowing the limitations, it is worth downloading the free version just to try out the indicator free of charge.

Conclusion

There are just two reviews available, both of them are very positive giving an overall rating of 5 out of 5.

“The best indicator in the market to find the Moving Avrange signal! here you don’t buy just an indicator but also an amazing service. Mike is a person more kindly and skilled that I’ve ever known. Thank you” – A 5-star review.

“Great indicator that lives up to what they claimed. I have purchased a lot of indicators over the years. Not only is this a great indicator, but I have never had any company put forth so much effort to make sure I know how to best use the indicator and be so willing to give detailed responses to my questions. The highest kudos to them for a quality product and outstanding customer support.” – A 5-star review.

There aren’t many reviews but the two available are very positive, the creator of the indicator has a large number of other software available on the MQL5 marketplace and each one is getting very positive reviews and the developer seems to be actively engaging in their comment sections, we had to check them as the comment section for this indicator is empty. As there aren’t too many reviews, we would strongly suggest that you try out the free version, even though we do not know the limitations of it, we would also suggest sending any queries you have to the developer, this was you can make sure that the indicator will suit your needs prior to making a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/32967

Located on the MQL5 marketplace, VR ATR Pro was created by Vladimir Pastushak. It was first uploaded to the marketplace on the 2nd of October 2014, it has had a large number of updates, it was most recently updated on the 16th of March 2020 and is currently at version 20.31.

Overview

VR ATR Pro is an indicator that was created for the MetaTrader 4 trading platform, its main purpose is to determine the target levels for a particular financial instrument, it will use real data using live and real statistics.

The algorithm used by the indicator is based on the calculation of average price movements over a specific period of time. It will use these numbers to work out the average price levels for the forecast of growth rates or to forecast a price fall.

Some advantages of the indicator:

• High accuracy
• A simple display of target levels directly on the chart
• Works with any financial instrument (Forex, Metals, CFD, Futures, Crypto)
• It does not redraw itself, and it always saves its readings
• It is effective for determining the Stop Loss and Take Profit levels
• Notifications on your smartphone, via e-mail and alerts in MetaTrader
• It is easy to set up and install
• It is suitable both for beginners and experienced traders
• It works on any period and any time frame

Some of the accuracy levels stated by the developer:

• Currency pair EUR/USD Readings accuracy 88%
• Currency pair GBP/USD Readings accuracy 78%
• Currency pair BTC/USD Readings accuracy 75%

Service Cost

The indicator will cost you $30 to purchase it outright, this will get you up to 30 activations with no other limitations. If you prefer, there is also the option to rent the indicator, this can be done on a monthly basis which will cost you $10 per month, you can also rent it for three months which will cost you $15, or six months for $20 and for a one year period it will cost you $25 to rent it.

A free demo version is available, this is limited to being used with the strategy tester within MetaTrader 4.

Conclusion

At the time of writing, there were 9 user reviews giving VR ATR Pro an overall rating of 4.5 out of 5.

“Great and pretty accuate indicator! Only on its basis, it is already possible to create your own strategies! Thank you Vladimir!” – A 5-star review [translated]

“LOVE IT so much!! Thank you!” – A 5-star review.

There is a three-star review which shows some issue but the user did not leave a comment, so all the other reviews are very positive. There are also over 100 comments, the developer has been replying to most comments showing that he is still supporting the indicator, there has not been a commend since 2020 so if you are thinking of buying it, send the developer a comment to check that they are still supporting it prior to making a purchase or rental.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/6252

XLines MT4 can be found on the MQL5 marketplace, there may be others with similar names so we have added a link to it below. Farid Shyhaliev first uploaded the indicator on the 12th of February 2015, it last received an update on the 15th of August 2019 and is currently at version 1.24.

Overview

XLines MT4 is an indicator for the MetaTrader 4 platform, the indicator works by giving you information about the support and resistance of the markets and can be used with any timeframe. You are able to adjust the percentage ratio for each rate to show clearer signals.

It is easy to set up and offers you three parameters.
Period of analysis – used for setting up a number of bars in the current period that is considered during analysis. For example, 800 means that it will analyze the last 800 bars including the current one. 0 value is for analyzing the entire existing history ( default value is 4000).

https://youtu.be/EjSGHFhDP-4

Positional Power – its name speaks for itself. The value of this parameter can vary from 1 to 100 (multiple of 1). Using this parameter user indicates the positional strength of technical levels. Less is that value – stronger are levels shown by the analyzer.

Default settings:

• Level Color – DarkGoldenrod
• Period of analysis – 4000
• Positional Power – 6

Service Cost

The indicator can be purchased outright with no limitations for $95, there is also the option to rent it, this can be down on a monthly basis which will cost you $10 per month, you can also rent it for a 6 month period which will cost you $21. There is a free demo version, however, within the comment section of the developer clearly states that the free version does not work properly and that you should use the lowest level rental to test the indicator instead.

Conclusion

There are no user reviews for this indicator which is a shame as it means we do not know how people find it or if people feel that it does what it is meant to do. There are a number of comments which are from people who have purchased the indicator, the majority are from the developer and the two that are from customers have been answered by the developer so they may still be actively supporting the indicator. We would suggest getting in touch with them regarding any queries you have about the indicator, especially as the demo version is not fully functional.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/7944

VSA System Patterns Hunter was first uploaded by Ismail Shehade to the MQL 5 marketplace under the indicators heading, it was first uploaded on the 1st of March 2018 and is currently at version 1.0 as it has not received any additional updates.

Overview

VSA System Patterns Hunter is and indicator for the MetaTrader 4 platform, its main purpose is to look at volume spreads and to analyze them.

The main features of the indicator:

• With one click you will find all the VSA patterns on your chart
• Bars without opening price
• Easy to read volume indicator
• Bar reader (Bar type – Close type – Volume type – Spread type)
• Daily and weekly levels (Pivot – Camarilla – Fibo)
• Very light on the trading platform and moving between time frames is very fast
• And more

A number of different parameters are also available, these include the number of bars, bar width, colors of the bars, the VA period, the standard deviation period, the standard deviation factor, the SA period, arrow colors, daily level parameters, weekly level parameters, pattern hunters parameters, comment box, and more.

Service Cost

VSA System Patterns Hunter can currently be purchased for $250, this is an outright purchase and will give you as limitation free version of the indicator that can be activated 5 times. There is also the option to rent the indicator, it will cost you $15 per month in order to rent it and this must be paid each month that you wish to use it.

There is a free demo version available, there isn’t any information on the MQL5 site regarding it so it may only work with the strategy tester on the MetaTrader 4 platform.

Conclusion

There are currently no reviews so we cannot tell how the users of the indicator are finding it and whether they find that it is doing what it is meant to do. There are also no comments from users or the developer. Due to there being no information we would strongly suggest that you try out the free demo version, also send any questions or queries that you may have to the developer this way you can make sure that it will do what you need it to and also that the developer is still supporting it should you require any help.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/28149

First uploaded on the 17th of February 2017 by its creator Stanislav Korotky and received its most recent update on the 11th of July 2017, the Volume Delta Footprint indicator is currently at version 1.8.

Overview

Created for the MetaTrader 4 trading platform, Volume Delta Footprint is an indicator that aims to provide visualization and analysis around volume deltas. It does this by calculating tick volumes for buys and sells independently, it will then display the information on the volumes by price clusters for specific bars.

The indicator will display the delta of volumes for each bar, cumulative data of delta volumes, and additional histograms for buying and selling volumes.

In terms of parameters, the following are available:

-PointsPerCell – number of points forming a single price cluster; default value – 10

-LastBars – number of bars for calculation; default – 12; should be larger than 0

-CumulativePeriod – period for the calculation of cumulative delta by EMA; default – 12

-Display – selector of volume type to show: Delta (default), Sell, Buy, Total

-ColorPositive, ColorNegative, ColorDefault – colors defining gradients between maximal (positive), minimal (negative) and zero values in the maps

Service Cost

Volume Delta Footprint will currently cost you $25 to purchase it outright, it will give you limitation free access and can be activated on 5 different devices. There is not an option to rent this indicator so the only option is to purchase it.

There is a free demo version a,s there are no details on the site, this often indicates that it may only be used within the strategy tester of MetaTrader 4, it still may be worth downloading to try out.

Conclusion

Unfortunately, there aren’t any reviews for this indicator so we do not know how its users are finding it and if they feel that it is worth the purchase., There are a number of comments, the developer was initially replying to the majority of them but it seems like he has not replied to any that is later than the end of 2017, so again, it is hard to tell if he is still actively supporting the indicator. We would suggest trying out the free demo version, also send any queries or questions you have to the developer, this way you can make sure that it is right for you and also that it is still receiving support from its developer.

This FX service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/20832

UpandDown can be found within the MQL5 marketplace, we have added a link below so there is no confusion as to which indicator we are looking at. The UpandDown indicator was first uploaded on the 6th of April 2017 by Olep Borisov, it was most recently updated on the 17th of April 2017 and this brought it up to version 3.2.

Overview

The UpandDown indicator was designed for the MetaTrader 4 trading platform. The indicator was created to go along with your own manual trading, it generates buy and sell signals using a few different sets of trading algorithms. The indicator works by open prices and uses modifiers CCI, MACD, and Laguerre filters.

The indicator works best on the XAUUSD, GBPUSD, EURUSD, GBPJPY, GBPCAD, EURAUD, and EURJPY pairs. The only setting that comes with the indicator is to turn the alerts on and off when a signal appears.

Service Cost

The indicator will cost you $88 to purchase it outright, this will give you unlimited access without any limitations. If you would prefer, you are also able to rent it, you can rent it on a monthly basis which will cost you $10 per month, you can also rent it for three months which will cost you $25 per month.

There is a free demo version of the indicator available, however, the site does not indicate what the possible limitations to the free version are, however, it is always worth downloading the free version to check it out.

Conclusion

There is only one review for the UpandDown indicator, this is giving it 5 out of 5.

“Good work Oleg. I recommend this product” – User Comment

The review is positive, there are also a number of different comments, the developer Oleg has been replying to them where possible which is a good indication to the support that you will receive. As there is just the one review, be sure to download and try the free version. Also, if you have any questions contact the developer so you can be sure that it will do what you need it to before you make a purchase.

This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/21024

Two Period RSI Alerts can be found in the indicators section of the MQL5 marketplace (this is a marketplace for indicators and expert advisors), there may be other indicators with similar names so we have provided you with a link to the exact one we are looking at. The indicator was created by Synapse Investment Research Group and was first uploaded on the 5th of October 2016, there was an update on the 22nd of March 2017 and this brought the version up to version 1.1 on the indicator.

Overview

The Two Period RSI Alerts is an indicator to be used with the MetaTrader 4 trading platform, its purpose is to compare the long term and short term RSI lines, it will plot a fill between them for better visualizations on the chart, this will be colored differently depending on an up or downtrend. The RSIs crossing can add a better trend confirmation signal than just using RSI by itself.

The available alerts include:

• Short period RSI crossing long period RSI
• RSI is below user-selectable buy threshold (Default=30)
• RSI is above user-selectable sell threshold (Default=70)

There are also a number of parameters available, these can be altered and include things like the long period, short period, to turn alerts on or off, what sort of alert triggers to sue, and to have sounds available for the alerts.

Service Cost

The indicator can be purchased for $10 which is very affordable, unlike many indicators there is not an option to rent this one and so you can only purchase it outright. Ther eis a free demo version available, but the limitations of this demo version are not currently known.

Conclusion

There is only one review available for the Two Period RSI Alerts indicator, and that is giving it a 5 out of 5 ratings.

“Great indicator, it’s very accurate and is a great addition to my scalping methodology.”

As there is only one review, the feedback is limited, there are some comments, the creator has been replying to the comments which is a good sign for the possible quality of the customer support. As there aren’t many reviews, we would highly suggest that you download and try out the free demo version, this will enable you to check out how it works and to ensure that it meets your needs before you make a purchase.

This FX service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/18761