Tag: forex services

Created by Thomas Gruening, FoxTrotTWO EA can be found on the MQL5 marketplace under the Experts heading. It was first uploaded to the marketplace on the 25th of March 2016 and it was updated on the 23rd of February 2018 and is currently at version 7.0.

Overview

FoxTrotTWO EA is an expert advisor for the MetaTrader 4 trading platform. It is a scalping EA designed to be used with the EURUSD currency pair, it can also be used with other major currency pairs but may not be as accurate, it was also created to be used on the M15 timeframe.

The EA will trade a narrow range at night, at the top and bottom of a range, it will put in trades in the opposite direction. It will use several indicators to do this and will look at multiple timeframes.

The developer has given some recommendations as to the settings to use:

• Trading Time: mainly in the European night time.
• Timeframe: M15.
• Broker: it is recommended to use an ECN broker and a VPS.
• Risk Setting: 20 low risks, 40 middle risks, 60 high risks.

There are also plenty of parameters and settings available, some of these include the trading start and close times, maximum spreads, slippage, take profits, stop losses, risk management, lot sizes, max lot sizes, magic numbers, order comments, filters, and many more.

Service Cost

The expert advisor can be purchased outright with a one-off payment of $159, this will give you up to 8 activations and does not come with any additional limitations. If you would prefer, you can also rent the expert advisor on a monthly basis, this will cost you $29 per month to do so.

A free demo version is also available, this does not have its limitations stated on the site, this normally means that it can only be sued with the strategy tester, but this has not been made clear.

Conclusion

The indicator has over 40 user reviews giving it an overall rating of 4 out of 5.,

“Extremely profitable EA with a little caveat – I run it only with my private settings. 9 months live all is OK. Anyone can make his own settings, just purchase TDS, learn hard for one year how to optimize EAs and you will have it all. This EA is one of the very best here. June 28, 2019. Still running strong, still profitable, still five stars from me.” – A 5-star review.

“Spent all year doing operations to get a negative balance. This is real junk! And the seller doesn’t even care about optimizing.” – A 2-star review.

“I have to update my review because despite Thomas’s support and Whatsapp channel etc, the EA is absolute rubbish. I have decided to completely stop it. There are quite a lot of series of trades that the EA performs but there comes a day where you have a huge loss and because of that, the drawdown is quite big. His Tickmill ECN signal has a 25% loss for the entire year of 2017. I wish I could have seen that earlier. I am really sorry for buying this EA.” – A 1-star review.

“Used for a few weeks together with other Night Trader EA. This EA is clearly a leader.” – A 5-star review.

A mix of reviews, while the majority are positive and show that the expert advisor is doing what it claims to do, some have been struggling and making losses with it. The developer has been very active in offering support, over 900 comments and the developer has been replying to a lot of them which is great to see and shows that he is still actively supporting the product. There haven’t been any comments in 2020 yet, so it may be worth sending any questions you have to them just to make sure they are still around to support you and the software.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/15390

Richu is located within the MQL5 marketplace under the Experts sub-category, it was developed and uploaded to the marketplace by Jackson Maia Kujaki on the 4th of March 2020, it has not received any updates and so it is still at version 1.0 of the software.

Overview

Richu is an expert advisor that was created for the MetaTrader 4 trading platform, the EA was designed to use analysis based around moving averages along with a trailing stop loss, the developer suggests that it brings in good results both short term and long terms.

When using it long term, it can be used with the majority of the major currency pairs and should be used on the H1, H4 or D1 timeframes, it should primarily be used with the EURSUD and GBPUSD currency pairs and when using it with XAUUSD it should be set on the M30 timeframe.

The EA will select the lot sizes to use automatically which will be based on the percentage of capital that the account ahs, so it can also work out compounding interest to bring better and more consistent gains. It is recommended to have at least $100 for each 0.5 lot size used. A VPS should be used as well as an account with low spreads and it is also recommended to use the trailing stop feature.

The description does not actually tell you about how it will trade such as the strategy that it will sue, we know that it uses moving averages but nothing more than that, for such an expensive EA (see next section) we would expect it to have a more detailed description of what it actually does. There is also no mention of any parameters or settings available to alter the functions of the EA, so, unfortunately, we are not able to comment on these.

Service Cost

The expert advisor has been created to be rented as shown by its incredibly high price of $12,000 to purchase it outright, if you did, you would get up to 5 activations of the software with no other limitations. The rental options are a little more affordable, you can rent it on a monthly basis which will cost you $120 per month, for six months it will cost you $600 for that time period and for a year rental, it will cost you $800 for the year.

A free demo version is available to try out, but this is limited to only being used with the strategy tester within the MT4 platform and it, unfortunately, cannot be used with a live account. The developer is offering a 15-day trial of the full version, you will need to get in contact with them in order to request this version rather than getting it direct from the MQL5 marketplace.

Conclusion

At the time of writing, there were no reviews or ratings from those that have used the EA, this is a shame as the reviews are often a great way to work out whether people are finding it useful and profitable, so be sure to check back regularly to see if any have popped up. There are also no comments which are often a great way to see the sort of support that is being offered, as there aren’t any, we would suggest trying to contact the developer with any questions so you can be sure that they are still around to actively support the EA should you decide to rent or purchase it.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/46449

Gold Treasure Hunter H1 was first uploaded to the MQL5 marketplace on the 27th of November 2018, the developer, Marek Kupka last updated the software on the 25th of March 2020 and this brought the expert advisor up to version 2.0.

Overview

Gold Treasure Hunter H1 is an expert advisor for the MetaTrader 4 trading platform. The EA works by looking for breakouts of the highest channel once it has consolidated for a while, as the title suggests, the EA is designed to work with Gold on the H1 timeframe.

Some of the main features of the expert advisor:

-It uses Stop pending orders with FIXED Stop Loss and Takes Profit.
-The strategy uses also PROFIT TRAILING function to lock as much profit as possible.
-For every candle, the pending orders are modified to adapt the market behavior.
-You need to set only the lot size depending on the amount of capital in relation to the expected risk.

Some additional features of the EA:

• Each trade is protected by Stop Loss.
• No martingale, no grid, no scalp, no hedge, no latency, no-arbitrage.
• No excessive consumption of CPU resources.
• User-friendly settings.
• All settings optimized.
• Long-term strategy.

In terms of settings and parameters, there are a few options available. These include lot sizes, magic numbers, custom comments, email notifications, and to display the info panel.

Service Cost

The expert advisor can be purchased for $99, this is a one-time payment that will get you up to 10 activations and no other limitations. There is no option to rent the EA so purchasing it is the only option. There s also a free demo version, the features of the free version are not stated which often means that it can only be used with the strategy tester.

Conclusion

Unfortunately, there aren’t any user reviews or comments so we do not know if those that have purchased it are finding that it does what it is intended to do or what sort of results they are getting. It also does not give us an indication as to the sort of support that you will receive. We would suggest contacting the developer with any questions you may have, this way you can make sure that it will in fact do what you need and that the developer will be there to offer support once the EA has been purchased.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/31184

Euro Forecaster H1 can be found within the MQL5 marketplace under the Experts category. It was uploaded on the 20th of May 2019 by Marek Kupka and has not received any further updates so it is still at version 1.0.

Overview

Euro Forecaster H1 is an expert advisor that was created for the MetaTrader 4 platform, its main purpose is to look for breakouts on the opening bar, it can currently be used with the EURSUD pair on the 1H timeframes.

Some of the main features of the expert advisor:

• Each trade is protected by Stop Loss.
• No martingale, no grid, no scalp, no hedge, no latency, no-arbitrage.
• No excessive consumption of CPU resources.
• User-friendly settings.
• All settings optimized.
• Long-term strategy.

There are also a number of different settings available, these include the lot sizes, exit time on Fridays, magic numbers, custom comments, email notifications, and whether to display information on the panel.

Service Cost

The expert advisor will currently cost you $99 to purchase it outright, this purchase will give you up to 10 activations of the EA without any further limitations. Unlike many EAs on the MQL5 site, there is no option to rent the EA. There is a free version, but this demo version will be severely limited and may only be usable with the strategy tester within MT4.

Conclusion

Unfortunately, there aren’t any user reviews for the EA, this makes it hard for us to know whether those that are using it are finding that the EA is doing what it is meant to do and whether it is beneficial for them. There are also no comments, so we cannot see the sort of customer support that is on offer. Due to this, we would suggest trying out the free demo version, you should also send any questions that you may have to the developer, this way you can make sure that it will be the right EA for you and that it is still being supported by the developer.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/39084

Apogeum Price Action was created by Ivan Pochta, he first uploaded the expert advisor onto the MQL5 marketplace on the 13th of October 2017, there have been a number of updates, the most recent version is version 6.1 which was updated on the 25th of March 2020.

Overview

Designed for the MetaTrader 4 trading platform, Apogeum Price Action is a fully automated expert advisor that will recognize price action as well as the start of a trend. The EA will only open trades in the direction of the trend and will not make reverse trades.

The main difference to other Price Action EAs according to the website is that it will look for creeping trends rather than large impulses on movement.

The expert advisor works best with the following timeframes and currencies:
M15: EURAUD, EURJPY, EURNZD, EURUSD, GBPJPY, GBPUSD, USDCHF, USDJPY, XAUUSD.
M30: EURAUD, EURJPY, EURNZD, EURUSD, GBPJPY, GBPUSD, USDCHF, USDJPY, XAUUSD.
H1: EURAUD, EURJPY, EURNZD, EURUSD, GBPJPY, GBPUSD, USDCHF, USDJPY, XAUUSD.

The expert advisor also comes with a number of settings and parameters, these include the likes of comments, GMT offset, money management settings, fixed lots, risk levels, which instruments to use on which timeframes, special symbols, and more.

Service Cost

There is currently a promotion going on, this means that you are able to purchase the expert advisor for $375 rather than its usual price of $750. That is a one-off purchase that gives you unlimited access to a limitation free version, unlike many expert advisors, there is no option to rent this one so the one-off purchase is the only option.

There is a free demo version available, unfortunately, the website does not give a lot of information about ti away so we are not sure what the limitations of the free version are. Due to the high price of the product, we would suggest trying out the free version just to make sure that it will do what you need it to do, even if this just allows you to use the strategy tester with it.

Conclusion

The Apogeum Price Action expert advisor currently has 24 user reviews, these have given the EA an overall rating of 4 out of 5.

“There will be relatively long-term losses, but the retracement is not too high, it is relatively stable over the long term, but the price is slightly higher, and the effect is not as good as many cheaper products.” – A 4-star review.

“I’m afraid, its time for a review, and it is not a pretty one. I have been testing this EA for nearly 4 months on a real account. The EA made great backtests since 2003. The real results is very different and negative. It’s such a shame because I like another product from Ivan, which is making consistent profit. Numerous updates have not made the results look better. I am putting the EA down on my real account and will monitor it from a demo instead. Shame, real shame” – A 1-star review.

“Excellent service from the author always very responsive. Very motivated to help others which goes with his EA performance. I feel like Ivan never sleeps and always answers a question. Great EA so far, I will update in the future. Can’t wait to see what he comes out with next.” – A 5-star review.

So there is a mix of reviews, the majority are positive but there are certainly a few negatives ones too. In terms of the support you will receive, the developer has been replying to every comment that has been made, showing that they are still dedicated to supporting the product and those that are using it, this is a real positive thing to see. Due to its high price, we would suggest researching and talking with the developer to make sure that the products will do what you need it to do before you make the rather large purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/25724

All Hail the Queen GUEU H1 can be found within the Experts category of the MQL5 marketplace. It was first uploaded on the 26th of March 2020 by its creator Marek Kupka, it has not had any updates since being uploaded to the marketplace and so the software is still at version 1.0.

Overview

All Hail the Queen GUEU H1 is an expert advisor that was designed for the MetaTrader 4 trading platform, the EA works by looking for breakouts on the current open bar, it will then filter out the signals using a Bollinger Band indicator. It will enter trades when the price is outside the Bollinger Band after some time of consolidation. It uses stop orders with fixed stop losses and take profits.

The developer has mentioned the following bits of information:

-It is a very simple strategy with only a few parameters.
-At 9:00 pm, we are closing trading every Friday to prevent from weekly gaps.
-For every candle, the pending orders are modified to adapt the market behavior.
-Everything is already set up for the H1 timeframe.
-For every market you want to trade, you need to put the EA to the separate window and set an original magic number.
-You need to set only the lot size depending on the amount of capital in relation to the expected risk.

The main features of the expert advisor:

• Each trade is protected by Stop Loss
• No martingale, no grid, no scalp, no hedge, no latency, no arbitrage
• No excessive consumption of CPU resources
• User-friendly settings
• All settings optimized
• Long-term strategy

In terms of the parameters and settings, the main ones available to alter include the lot sizes, what time to close on Fridays, magic numbers, custom comments, email notifications, and whether to display the information panel.

Service Cost

All Hail the Queen GUEU H1 will currently cost you $129 to purchase it outright with a one-time payment, there is no option to rent this expert advisor and when purchasing, you will get up to 10 activations of the software. There is also a free demo version available, this can only be used with the strategy tester within the MT4 trading platform.

Conclusion

At the time of writing this review, there were no reviews or ratings available fro people who have used the EA, this makes it quite hard to gauge whether the EA is doing what it is meant to be doing and how effective it actually is. There are also no comments, what this means is that we do not know whether the developer is still actively supporting the EA, so you should try to get in touch with any questions that you may have, this way you can be sure that they are available should you need any help after you make a purchase of the EA.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47643

Ain’t No Trend can be found within the MQL5 marketplace under the Experts heading, it was created by Evgeniy Scherbina and first uploaded to the marketplace on the 13th of March 2020, it received an update on the 22nd of March 2020 and this brought the EA up to version 1.1.

Overview

Ain’t No Trend is an expert advisor that was created for the MetaTrader 4 trading platform, it is described as a neural advisor that has been developed to work with 10 different currency pairs, these pairs are AUD/USD, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, USD/CAD, USD/CHF, USD/JPY, and XAU/USD (or GOLD). The EA will also use the H4 timeframe, it does not matter which timeframe you put the Ea on, it will always use the H4 timeframes.

The EA uses two different indicators to find its trades, it used the MACD )18, 39, 14, Median Price) and the RSI (21, Median Price) indicators. The EA will also use three different types of trades, the crossing of zero lines in the MACD charts, a double-crossing of the zero lines in the MACD chart, and a rollback from a bar peak in the MACD chart. The EA has been trained to filter the possible trades in accordance with visually important indicator properties along with a ratio of current values found within their histories.

The EA has three different neural networks that will attempt to train themselves as thy trade and analyze the markets.

The EA also comes with some parameters that can be altered to slightly change thew ay that the EA functions. Some of the available settings include the font size, push notifications, close when a profit percentage is met, whether to close losing trades at the end of the day, stop loss numbers, the trading volume of one trade (lot size, and more.

Service Cost

The Aint No Trend EA can be downloaded completely free of charge, due to this, there are no limitations to the number of times that you can activate the EA and there is also no free demo version available s it is not required.

Conclusion

There are no user reviews for the EA so it currently does not have a rating. There are a couple of comments from people who have used the EA, they are both indicating that the EA has not been opening up many trades, the developer has responded to them promptly which is great to see, and they have indicated that the EA will not open up many trades and that it should be sued with all symbols in order to have more trades available. The developer responded quickly which shows that they are still supporting the EA and that they will be there to offer support should you decide to download and try out the EA.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47238

James Hodges uploaded the Jimdandy Trade Management Tool to the MQL 5 marketplace under the Experts heading. It was first uploaded on the 28th of September 2015, it has had a few different updates, the most recent update was on the 23rd of February 2018 and is currently at version 6.1.

Overview

Jimdandy Trade Management Tool is an expert advisor that can be used with the MetaTrader 4 trading platform, the purpose of the expert advisor is to allow you to place live trades and to allow you to test strategies with the strategy tester.

The main concept was to make it easier for a trader to make the initial decision and trade and to know which direction to trade. Once the trade has been opened the EA will manage the trade for you.

There are plenty of options available, some of them include easy to use trading buttons, multiple panels, stop losses, take profits, the type of trading to use, whether to show the tools and to automatically assign magic numbers. There are then some additional parameters such as the lot sizes to use, expiration times, sounds, notifications, and more.

Service Cost

The Jimdandy Trade Management Tool can be purchased for $149, this is a one-off payment, there is also the option to rent the expert advisor, this can be done on a monthly basis which will cost you $25 per month, you can also rent it for three months which will cost you $60, for six months it will cost you $90 and for one year it will cost you $90.

There is a free demo version available, this version will only be available to be used with the strategy tester and will be limited to the CAD/JPY, CAD/CHF, GBP/CAD, GBP/USD, GBP/JPY, EUR/GBP currency pairs.

Conclusion

There are only four reviews, they have given the expert advisor an overall rating of 5 out of 5.

“JDTMT is a unique EA that works with my manual analysis and then executes trades to ensure a net profit. If I am correct it makes more if I am wrong it makes a little. It has options to set up a Martingale series of trades which eventually leads to a profit even if my analysis was wrong. Create a trading plan and then the EA executes with no emotion no fear no greed. Once I started to understand the interrelationships of Stop Loss, Take Profit, Time of Day, Martingale Multiplier I have seen a consistent 0.5% to 3.5% return per trade series.” – A 5-star review.

“Learn how to use this tool using the back-test. Use with other indicators to confirm the trend. ( In the Back-test you can pause the visual mode and add your indicators) Not a set and forget, Once you know how to trade, This is the tool You need. This is my first and only 5-star rating ever!” – A 5-star review.

The four available reviews are generally positive, there are also a number of different comments the developer was replying to most of them but has not replied the most recent few, this could show that he has stopped supporting the expert advisor, or may have just missed them. We would recommend asking any questions that you have directly to the developer, so you can make sure it will do what you need, and also that it is still being supported.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/11862

ReitakFX ProTrend EA is located on the MQL5 marketplace under the Experts heading. It was uploaded to the MQL5 marketplace on the 28th of March 20202, it was created by Boris Sedlar. Since it has been uploaded, there have been no updates, so the current version of the software is still 1.0.

Overview

ReitakFX ProTrend EA was designed to be used with the MetaTrader 4 trading platform, it is an expert advisor that works as an automated version for an indicator which was titled ProTrend Indicator.

The EA works by using various EMAs, along with some very specific averaging algorithms. The Ea works with forex currencies, commodities, stocks, crypto, and more, it also works on all time frames but it is recommended to use it on the H1 and H4 timeframes.

There are some additional settings that come with the EA, this can slightly alter the way that the EA functions. Some of the options available include whether to use Ueiken Ashi, to use fixed lots, type of money management to use, lot size multipliers, stop losses, take profits, max positions, and more.

Service Cost

The expert advisor will cost you $50 to purchase, this is an outright purchase that will get you up to 5 activations with no further limitations. There is not an option to rent this EA. There is a free demo version available, this will only be usable with the strategy tester within the MT4 platform though.

Conclusion

There are currently no reviews available for the ReitakFX ProTrend EA, this means that we cannot see whether those that are using it are finding it useful and if it is profitable or not. There is one comment, the developer did not reply to the comments directly but they did complete the task that was asked of them, so while communication could be better, it does seem like the developer is still actively supporting the EA which is a great thing to see.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47770

Open Lock is an expert advisor that can be found within the MQL5 marketplace, we have added a link below to the exact expert advisor that we are looking at. Open Lock was first uploaded onto the marketplace on the 25th of July 2017, it was recently updated on the 14th of March 2020 and is now at version 5.19.

Overview

Open Lock is an expert advisor to be used with the MetaTrader 4 trading platform, its function is to help reduce the accounts drawdown, it will do this by splitting a losing trade into multiple parts, each part will be closed separately, the EA can interact with other expert advisors, for example when a certain drawdown is reached it will disable the other expert advisors until orders have been closed.

The expert advisor has three methods:

• Locking to prevent a drawdown increase
• Averaging orders used to cover the loss
• Partial closure to reduce the load on the deposit

There is a wide range of parameters available such as language, magic numbers, when to start working, the drawdown in currency, to stop other advisors, equity levels, maximum lots in averaging, and more.

Service Cost

It currently costs $299 to purchase this expert advisor, you are also able to rent it, it will cost you $149 per month to rent. There is also a free version of the expert advisor available, but it will come with some limitations, we are not fully clear on what these limitations are.

Conclusion

There are currently 38 different user reviews for Open Lock, they are giving it an overall rating of 4 out of 5 stars.

“Dangerous grid EA with no stop loss! With the big drop of EU my account is blown!” – A 1-star review.

“Open Lock Evolution: Was ok, then better, then good, then really good, then great, then mindblowing and now finally we are approaching: WORLDCLASS Thank you Sergey!!” – A 5-star review.

“Recent versions have improved over older versions (I bought when it was $75). I can recommend to others in its present rendition. After I’ve used it for a while (I stopped using it for a while and so I’m still cautious for now while testing) I might raise to 5 stars if no issues. I do think it is better than most of the other recovery EAs I’ve tried but that doesn’t mean I’ve tried all.” – A 4-star review.

So there is a kix of opinions, due to this we would highly recommend that you try pout the free version, this will help give you an understanding of how it works, it will also enable you to make sure that it is functioning properly and whether or not it meets your needs.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/23675

The NewHorizon expert advisor can currently be found on the MQL marketplace, there may be other expert advisors with similar names so we have provided a link to the expert advisor below. This expert advisor was first released on the 23rd of November 2019, it has since been updated and at the time of writing this review, the most recent version is version 2.5 and that was released on the 27th of February 2020. There are currently 30 activations of this expert advisor, so it is being used by clients.

Overview

This expert advisor has been designed to work with MetaTrader 4. It uses a complex non-linear formula in order to work out entry positions into the markets and an algorithm for fixing the results. The EA uses mandatory take profit and stop loss levels and has safety nets such as not trading when the spreads are larger.

The expert advisor is best used on the GBP/USD, EUR/USD, EUR/GBP, USD/JPY, and USD/CAD.

There are a number of different settings and parameters available to alter in order to change the functionality of the expert advisor to suit your needs, these include things like take profit and stop-loss levels, the maximum risk to use, whether to use trailing stop losses, max slippage, max spreads, and a few others too.

Service Cost

The expert advisor costs $4,750 which is quite a high price, you are also able to rent the expert advisor for 1 year, this will set you back $4,300 per year. There is also a free demo version available. However, we do not know if this has any limitations or time limits attached to it.

Conclusion

There are only 2 reviews for this expert advisor, it has an average score of 3 out of 5 as it has one 5-star review and one 1-star review.

“This is a Great Advisor showing excellent results. Installed on a remote server. My ping ranges from 50 to 100. It works perfectly on the currency pairs specified in the description. I recommend this advisor.” – A 5-star review.

“Crap EA backtests not real, a lot of losing trades with big DD and winners are very small 1-2-3 pips and not enough to cover losses. The developer won’t reply to my complaints now I was able to rent for 1 month after I rented the developer quickly changed min rental time for 1 year and 4 300 USD. The 5-star review you see here is FAKE, this guy gave a 5-star review to many of developers EA’s The developer has 120+ EA’s, all of them with FAKE reviews from same users I ask for a refund !” – A 1-star review.

So here is a mix of opinion, we would suggest using the demo version before making a purchase, just to make sure that it works for you and that you are able to get it set up properly.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/43932

Miser 4 is located within the Experts section of the MQL5 marketplace. It was created by Andrej Nikitin and was uploaded on the 20th of March 2020, it has not had any additional updates so the software is still at version 1.0.

Overview

Miser 4 is an expert advisor that was created to be used with the MetaTrader 4 trading platform, it is an intraday trading EA that aims to make profits on short term price movement. The EA has been optimized to work with specific currency pairs, by default it does not use the martingale strategy but this can be turned on.

There is not a lot of information available about how the EA actually trades, such as its actual strategy which is a shame.

There are a lot of parameters that can be sued to help adjust the functions of the EA, some of these settings include the management of risks such as slippage, trade limits and more, there are also settings for stop losses, take profits, trailing stops, time periods for the indicators, time of days to trade, and more.

https://youtu.be/zyUTT9RI16I

Service Cost

The Miser 4 EA can be purchased with a one-time payment of $376, this will get you up to 5 activations of the EA with no other limitations, there is also the option to rent the EA, this can be done over a period of six months, this will cost you $250 to do so. There is a free demo account that can be sued with the MT4 strategy tester rather than on a live account.

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. Due to the higher price, we would recommend asking as many questions as you can.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47366

KING of EURUSD can be found on the MQL5 marketplace under the Experts section, it was uploaded by its creator Shang Qian Du on the 14th of March 2020, it received its most recent update on the 16th of March 2020 and is currently at version 2.7.

Overview

The King of EURUSD is an expert advisor that can be used within the MetaTrader 4 trading platform, as the name suggests, the EA only works with the EURUSD currency pair.

The page doesn’t actually state how the EA works, or how it manages to find its trades, the only information available is that it will keep the transaction volumes low, it has some automated risk management built-in and a number of settings that can be altered.

In regards tot he parameters that are available, they include things like the automatic risk control mode, the risk percentages, fixed lot sizes, magic numbers for buys and sells, stop losses, take profits, and trailing stop distances.

Service Cost

At the time of writing the expert advisor will cost you $535 as a one-off payment which is rather expensive. This is a one-off payment and will give you up to 5 activations, there is not currently an option to rent it so the one-off payment is the only option at this time.

There is a free demo version available, however, due to the lack of information surrounding it, we suspect that it may only be used with the strategy tester within MetaTrader 4.

Conclusion

There is only one review and comment which is accusing the creator of trying to scam people.

“Hello, where are the bad reviews of your MT5 version, please explain this? You take out that EA for MT5 and make new again and all the reviews are away. I must honestly say this smells like scams. It is also unbelievable that MQL is working on this. Will the EA still check here !!” – A comment from Albert Kuipers.

The comment is a worrying one, stating that the developer has been creating EAs, uploading them, getting bad reviews, and then uploading again as a new EA, so a great practice to see. Due to the uncertainty within the EA and its developer we would suggest not using this EA for the time being until more information comes to light.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47274

Update: Shortly after writing this review, the creator of the EA appears to have been debarred from selling products on the MQL5 marketplace. However, the EA seems to still be available for purchase. Proceed with caution.

Halo M15 can be found within the Experts section of the MQL5 marketplace, it was first uploaded to the marketplace on the 21st of March 2020 by its creator Raphael Schwietering. There have not been any updates since being updated so the software is still at version 1.0.

Overview

Halo M15 is an expert advisor that was created to be used with the MetaTrader 4 trading platform. The EA has been optimized to work with the EURUSD currency pair on the M15 timeframe. It uses complex algorithms along with some other indicators to work out its entry and exit points. It works with bar close only, it does not actually give any more information on its actual trading strategy.

The EA comes with some additional features which include working with 4 or 5 digit brokers, it has a spread filter, an equity stop functions, offers drawdown protection, take 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 to 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 expert advisor will cost you $499 to purchase it outright, this is a one-time payment that will get you up to 50 activations. There are also a few rental options available, it can be rented for a three month period which will cost $199, for six months it will cost $299 and for a year it will cost $399. There is also a free demo version, but this is limited to be ing used with the strategy tester within the MT4 trading platform and cannot be used on a live account.

Conclusion

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 Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47490

Donchian Safe EA can be found on the JMQL5 marketplace under the Experts category. It was uploaded by its creator Ciprian Ghebanoaei on the 24th of December 2019, it has had its most recent update on the 30th of AMrch 20202 and is currently at version 2.0.

Overview

Donchian Safe EA is an expert advisor that was designed for the MetaTrader 4 trading platform. It has been created as an automated EA that is based on the Donchian Channel indicator.

In order to enter the market, the following must occur:

Long Entry: Donchian Channel
The bar opens above Upper Band after opening below it.

Long Exit:
RVI changes its direction upward

Short Entry: Donchian Channel
The bar opens above Upper Band after opening below it

Short Exit:
RVI changes its direction downward.

It is recommended that you have a balance of at least 500 USD and that you use it on the EURUSD pair within the M15 timeframe.

Service Cost

The expert advisor will currently cost you $49 to purchase it outright, this will get you up to 15 activations with no additional limitations. There is also the option to rent the EA, this will cost you $10 for a three month period. A free demo version is also available, this is limited to be ing used with the MetaTrader 4 strategy tester and cannot be used on live accounts.

Conclusion

Unfortunately, there aren’t any reviews or ratings for the EA, this means that it is hard for us to know how it is performing for those that have purchased it and whether or not it does, in fact, do hat it is meant to do. There is a comment which has had a reply from the developer so they are still supporting it, we would suggest sending your own queries to the developer so you can make sure that it is the right EA for you before you make a purchase or a rental.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/44766

Blazer is an expert advisor that can currently be bought or rented from the MQL5 marketplace. We have provided a link to the expert advisor below so you can see exactly which expert advisor we are talking about and so it is not confused with any other similar names ones. The current version of this expert advisor is version 2.19 which was last updated on the 26th of February 2020, it was originally released back on the 7th of October 2017.

Overview

The Blazer expert advisor has been designed to work with the MetaTrader 4 trading platform, it is a fully automated trading system that can be used on the EURUSD, GBPUSD, and USDJPY pairs on the M5 timeframe. The expert advisor uses price action in order to make its trades.

The expert advisor can be used in 2 different modes, these are normal mode where 1 signal means 1 trade, there is no martingale, grid or hedging. The recovery mode will cause the EA to try and recover faster by opening multiple positions in order to try and average out the trades and close.

Some of the main features of Blazar are:

• Stable growth curve as a result of a high percentage of winning trades
• Stress-tested on all available history, six-month live signal
• Automatic GMT adjustment
• The minimum deposit: $50 for Normal Mode and $300 for Recovery Mode
• Easy setup and use

There are also a number of different setting sand parameters that can be changed including the starting lot size, whether it should automatically increase lot sizes, maximum slippage, maximum spreads, maximum positions, average step for the grid, and many more.

Service Cost

The expert advisor currently costs $349 to purchase outright, it can also be rented which will cost you $99 for a 3-month rental or $149 for a 6-month rental. The 1-month rental has recently been removed due to competitors giving low review scores (according to he Blazer creator). There is also a free version available, but we do not know what the limitations are of this free version.

Conclusion

There are 21 reviews in total for this expert advisor, the overall rating is currently sat at 4 our of 5 stars. The creator os the Blazer expert advisor states that the 1-star reviews are from his competitors, but we cannot know this for sure.

“The EA works well on my account, bringing stable profit. One of the few EAs at the Market with stable live results. Use it on EURUSD, results are the best there. I prefer to use conservative risks, not that high as on the developer’s account. Forex is a risky business on itself, having low risks is necessary to succeed in the long term.” – A 5-star review.

“The EA works well so far, but it trades extremely tiny 5pip profits at a big risk. Don’t like it” – A 2-star review.

“This is a very good expert adviser. I have run a ten year backtest with it and the results are impressive.” – A 5-star review.

The majority of the reviews are very positive, the majority of negative reviews are more aimed at the creator rather than the expert advisor itself, we would, however, recommend using the free version initially, just to make sure that it does in fact function the way that you need it to.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/37795

The Idea Pro expert advisor can currently be found on the MQL5 trading platform, to help avoid any confusion as to which expert advisor we are talking about we have provided a link to it below. The expert advisor was originally released on the 21st of December 2019, it has last been updated on the 3rd of March 2020 and is currently sat at version 5.0 (at the time of writing this review).

Overview

Not a lot of information is provided about this expert advisor, it has been designed to work with MetaTrader 4. It is a fully automated expert advisor, it contains three different strategies which are based on the Stochastic, RSI, and MA indicators, the average can also be used.

There are a number of different settings that come with the expert advisor which allows you to alter the way that it works to suit your own style of trading. Some of the options available include a choice of trading strategy, starting lot sizes, whether to trade buys or sells (or both), whether to use money management, take profits, stop losses, grid sizes, trailing stop losses, maximum lot sizes, maximum spreads, and more.

There is also a link to a live account which shows that it has currently made around 13,715% profits since the time it started, starting with $1,000 now with a profit of $57,226.53. These numbers should be taken with a grain of salt as the signal has only been running for 2 weeks, so these sorts of results are a little too good to be true.

Service Cost

The expert advisor currently costs $35 to purchase, there isn’t a way to rent this one so only the $35 fee to buy outright is available. There is a free version available to allow you to test it out, but we do not know if there are any added limitations or time limits on the use of the free version.

Conclusion

There are currently 66 reviews for this expert advisor, the average score is currently sat at 4.5/5 stars which is a pretty good score.

“Excellent adviser! For a week of use, thanks to the recommendations of Vasily in telegram, I made a profit. Thank you very much! 5+” – A 5-star review.

“The controls don’t work .. When you press buy … Still raising orders on sell when you decrease opening order still place orders .. You may get lucky for 2 days and give a 5 star wait till you run it for a week.. Martingale .. BAD >>> Check it out on Telegram .. how many are losing running on RED.” – A 1-star review.

“Very Good EA, also a very helpful author. Good daily instructions! That combination makes this almost the holy grail. Withdraw your profits daily / weekly in case of unseen market movements.” – A 5-star review.

So there is a mix of reviews in there, but the vast majority are very positive. As always we would recommend trying out the free version before making a full purchase.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/44709