Tag: FX Indicator

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Forex Service Review

Customizable Support and Resistance Indicator Review

Customizable Support and Resistance is an indicator that was published in the mql5 marketplace at the end of April 2017. The indicator was created by Emir Revolledo, a developer with 7 products in total who is a self-described trader and programmer. The indicator was last updated to version 1.2 in August of 2017. Overview This […]

Customizable Support and Resistance is an indicator that was published in the mql5 marketplace at the end of April 2017. The indicator was created by Emir Revolledo, a developer with 7 products in total who is a self-described trader and programmer. The indicator was last updated to version 1.2 in August of 2017. Overview This […]

Customizable Support and Resistance is an indicator that was published in the mql5 marketplace at the end of April 2017. The indicator was created by Emir Revolledo, a developer with 7 products in total who is a self-described trader and programmer. The indicator was last updated to version 1.2 in August of 2017.

Overview

This indicator was designed to work either by itself or in combination with other indicators to provide better trading accuracy. The indicator works on the most popular trading platform MT4 and offers a special level of customization. Traders can choose support and resistance levels from Period 1 to Period infinity with any timeframe that is available. Traders can also manage the alert settings by turning the alarm on or off, or placing time limitations between alerts and setting a number of pips to be alerted at when the price is near the Support or Resistance line.

Service Cost

The indicator is priced on the lower side and the developer offers three pricing options. Traders can buy the indicator with 20 activations for $30 USD, or rent it at a rate of $14.99 for 3 months or $24.99 for one year. Many other indicators are priced around $100, but the developer has managed to keep this one in an affordable range for buying or renting. A free demo is available for testing and it has been downloaded more than 300 times since 2017.

Conclusion

This indicator was designed by an experienced developer with the goal of making trades more accurate. This is especially true when the indicator is combined with other indicators or EAs. We see a good level of customization options but it hasn’t received much feedback from users that have tested it so far. The fact that this indicator has only received six comments (some of which are from the developer) and has been around since 2017 shows us that it buying it may be a bit of a gamble, but overall it seems to be a simple indicator that could work well.

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Forex Service Review

Channel Enslaver FX Indicator Review

Channel Enslaver was created by Algorithmic Capital, Ltd. and was uploaded to the MQL5 Marketplace on the 11th of April 2019, it was uploaded as version 1.2 and has not received any further updates. Overview Channel Enslaver is an indicator that can be used with the MetaTrader 4 trading platform. The indicator was designed to […]

Channel Enslaver was created by Algorithmic Capital, Ltd. and was uploaded to the MQL5 Marketplace on the 11th of April 2019, it was uploaded as version 1.2 and has not received any further updates. Overview Channel Enslaver is an indicator that can be used with the MetaTrader 4 trading platform. The indicator was designed to […]

Channel Enslaver was created by Algorithmic Capital, Ltd. and was uploaded to the MQL5 Marketplace on the 11th of April 2019, it was uploaded as version 1.2 and has not received any further updates.

Overview

Channel Enslaver is an indicator that can be used with the MetaTrader 4 trading platform.

The indicator was designed to do a few different things:

  • Analyzes the market and finds the best moments to trade.
  • It will give an alert about the need to open and close deals and send notifications to your mail or PUSH to your phone.
  • Conveniently displays all trade statistics on a chart of quotes.
  • Independently calculate and show statistics of the effectiveness of their signals!

There is a full manual that comes with the indicator should you decide to rent or buy it which will help you get it set up and will also explain nay potential parameters that may be available to alter.

Service Cost

There are a couple of options available to get access to the Channel Enslaver indicator, you can purchase it with a one-time payment of $77, or you are able to rent it for $44 per month, you will get up to 5 activations whichever method you use.

A free demo version is also available, the site does not detail what the limitations are so we believe that it will only be able to be used with the MT4 strategy tester.

Conclusion

Unfortunately, Channel Enslaver does not have any user reviews or ratings so we do not know how customers shave been finding it or whether it is, in fact, doing what it is meant to do. There is a comment from the developer which is actually advertising some of their other software which is not a great thing to see, it was also from 2019 so we are not sure whether it is still being supported by the developer, we would recommend contacting them before making a purchase or a rental to check that you will still be able to receive some support once purchased.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/37607

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Forex Service Review

Magic Histogram Indicator Review

Magic Histogram is found within the indicators section of the MQL5 marketplace. It was created by Evgeny Belyaev and was first uploaded to the marketplace on the 21st of July 2017, it has not had any further updates and so, is remains at version 1.0. Overview Magic Histogram is an indicator for the MetaTrader 4 […]

Magic Histogram is found within the indicators section of the MQL5 marketplace. It was created by Evgeny Belyaev and was first uploaded to the marketplace on the 21st of July 2017, it has not had any further updates and so, is remains at version 1.0. Overview Magic Histogram is an indicator for the MetaTrader 4 […]

Magic Histogram is found within the indicators section of the MQL5 marketplace. It was created by Evgeny Belyaev and was first uploaded to the marketplace on the 21st of July 2017, it has not had any further updates and so, is remains at version 1.0.

Overview

Magic Histogram is an indicator for the MetaTrader 4 trading platform, its kain purpose is to act as a universal tool that is suitable for scalping and medium-term trading. It will help to determine the direction and strength of a trend, it will also not redraw and is most suitable for the M5, M15, M30, H1, and H4 timeframes and on the AUDUSD, EURUSD, USDCHF, EURJPY, and NZDUSD currency pairs.

Some of the benefits described by the developer:

  • Excellent indicator signals!
  • Suitable for beginners and experienced traders.
  • Using the flexible indicator settings, you can adjust the indicator.
  • Works on all timeframes.
  • Works on any financial instrument.
  • It does not repaint/redraw.
  • Sending signals to email and mobile devices.

The indicator also comes with some parameters that can be changed to more suit your own needs. Some of these settings include the time period, alert options, email and push notifications, colors for up and down, and the width of the histogram.

Service Cost

The indicator will currently cost you $28 to purchase it outright, this one-off payment will give you up to 5 activations of the indicator. If you prefer, you can also rent it, this can be done for a period of three months for $15 or for a one year period which will cost you $24.

There is a free demo version, as the details are not stated on the site, this normally means that it can only be sued with the strategy tester within the MT4 trading platform.

Conclusion

Unfortunately, there aren’t any user reviews or ratings given so we do not know whether those that are using it are finding it useful or whether it is doing what it was advertised to do. There are some comments, the developer has been replying to them al in a prompt manner, there have not been any comments since 2019 so it is not fully clear if it is still being supported. Due t these reasons we would suggest contacting the creator with your questions, so you can be sure that it will work for you and that it is still receiving active support from its developer.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/23610

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Forex Service Review

Market Marker MT4 Indicator Review

Market Maker MT4 was first uploaded by Evgeny Shevtsov on the 4th of February 2016, it can currently be found within the indicators section of the MQL5 marketplace. It received its most recent update on the 24th of March 2020 and is currently at version 3.1. Overview Market Maker MT4 is an indicator that was […]

Market Maker MT4 was first uploaded by Evgeny Shevtsov on the 4th of February 2016, it can currently be found within the indicators section of the MQL5 marketplace. It received its most recent update on the 24th of March 2020 and is currently at version 3.1. Overview Market Maker MT4 is an indicator that was […]

Market Maker MT4 was first uploaded by Evgeny Shevtsov on the 4th of February 2016, it can currently be found within the indicators section of the MQL5 marketplace. It received its most recent update on the 24th of March 2020 and is currently at version 3.1.

Overview

Market Maker MT4 is an indicator that was created for the MetaTrader 4 platform, it works by displaying the peak levels of activity formes by the maximum volumes, it will also track the correlation of the candles on all timeframes.

The indicator will look at the supply and demand levels, it will then find a target for the demand level and also a target for the supply levels.

In terms of the parameters available to alter, they include things like the alerts, advise the volume increase reference, to show preview markers, volume type, button positions, marker areas, box contrast, future symbols, and more.

Service Cost

The Market Maker MT4 indicator can currently be purchased with a one-off payment of $39, this will get you up to 5 activations with no other added limitations, there is not an option to rent this indicator so the one-off purchase is currently your own option.

There is a free version available too, this version will have some added limitations but we are not entirely sure what they are, as they are not mentioned on the site, this may mean that the free version can only be used with the strategy tester within the MetaTrader 4 trading platform.

Conclusion

The Market Maker MT4 currently has 6 different user reviews, they have given the indicator an overall rating of 4.5 out of 5.

“So far all signals are wrong. Always says signal canceled because of divergence, after you have already taken a signal. Useless!” – A 1-star review.

“The “Market Marker” is truly an awesome indicator. It gives an awesome alert which is 100% sure thing. I’m truly very happy with the performance.” – A 5-star review.

“Excellent indicator, very helpful seller. Great indicator to identify trend exhaustion.” – A 5-star review.

The majority of the reviews are very positive showing that the indicator is doing what it is meant to be doing, the one negative review is stating that all signals are wrong which leads us to believe that it may have been set up incorrectly as most other are having success. There are also over 30 different comments, the developer has been replying to each one quite promptly which is a good indication to the sort of support that you would receive should you decide to purchase the Market Maker MT4 indicator.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/14392

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Forex Service Review

Keltner RSI Linear Channels Indicator Review

The Keltner RSI Linear Channels is an indicator that can be found on the MQL5 marketplace, we have provided a link down below so you can see exactly which indicator we are looking at. This indicator was originally released onto the MQL5 marketplace on the 23rd of December 2016, there aren’t any updates stated, but […]

The Keltner RSI Linear Channels is an indicator that can be found on the MQL5 marketplace, we have provided a link down below so you can see exactly which indicator we are looking at. This indicator was originally released onto the MQL5 marketplace on the 23rd of December 2016, there aren’t any updates stated, but […]

The Keltner RSI Linear Channels is an indicator that can be found on the MQL5 marketplace, we have provided a link down below so you can see exactly which indicator we are looking at. This indicator was originally released onto the MQL5 marketplace on the 23rd of December 2016, there aren’t any updates stated, but the current version of the indicator is version 1.2.

Overview

The indicator was designed to be used with the MetaTrader 4 trading platform, the indicator helps to identify RSI linear channels, and will make them on your charts. The indicator uses Keltner’s methodology to calculate the RSI lines and can be sure to help make trading and analysis decisions on the sentiment of the market. The indicator allows you to draw on two channels on a single chart.

The indicator does not make trades for you, it requires you to make manual trades, however, it can be combined with an expert advisor in order to make automated trades based on the signals sent from this indicator.

There are a number of settings and parameters that can be altered to help suit your own trading style, you can select whether it draws 2 channels or 1, the colour of the lines, how many bars to use to calculate, the calculation method, channel width, ATR period, RSI period, and more.

Service Cost

The indicator currently costs $20 to purchase outright, unlike many other indicators, there is no way to rent this one for a short period of time. There is also a free version available, sadly, there isn’t any information as to what the limitations of this free version are, but it is a good way to test out the indicator before purchasing it.

Conclusion

Unfortunately, there aren’t any reviews for the Keltner RSI Linear Channels indicator, this means that we cannot work out whether or not the indicator functions the way that it should or if the indicator is effective. Due to this, we would highly recommend that you download the free version of the indicator, this way you are able to test it out and try it before having to make any purchases.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/20038

Categories
Forex Service Review

Semafor 3LZZ Scanner Dashboard Review

The Semafor 3LZZ Scanner Dashboard can be found in the Indicator section of the MQL5 marketplace, the scanner has quite a distinct name, but we have provided a link below just to make sure that you know exactly which item we are looking at. The indicator was first uploaded on the 22nd of August 2019, […]

The Semafor 3LZZ Scanner Dashboard can be found in the Indicator section of the MQL5 marketplace, the scanner has quite a distinct name, but we have provided a link below just to make sure that you know exactly which item we are looking at. The indicator was first uploaded on the 22nd of August 2019, […]

The Semafor 3LZZ Scanner Dashboard can be found in the Indicator section of the MQL5 marketplace, the scanner has quite a distinct name, but we have provided a link below just to make sure that you know exactly which item we are looking at. The indicator was first uploaded on the 22nd of August 2019, it was created by Abir Pathak and has recently been updated on the 7th of January 2020, this brought the indicator up to version 1.4.

Overview

The Semafor 3LZZ Scanner Dashboard is an indicator that has been created for the MetaTrader 4 trading platform, the indicator works by using the 3LZZ indicator in the background in order to find semafors, it will look for level 3 semafors as they specify a strong signal.

The dashboard displays a number of different things, the meanings of them are:

  • Green font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on the current bar
  • Red font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on the current bar
  • Orange 1/1 or 2/2 or 3/3: Both Bullish and Bearish semafors on the current bar           (very rarely occurs)
  • Green Block: 3(4): Bullish Semafor 3 occurred 4 bars back
  • Red Block: 3(2): Bearish Semafor 3 occurred 2 bars back
  • No semafors
  • Semafor 3 in previous bars but hidden because higher timeframe has a current bar      semafor

There are also a large number of settings available, these can alter the way that the indicator functions and also displays its information to better suit your own requirements. Some of these settings include specifying your own pairs, preferred timeframes, settings for showing popups and alerts, font sizes, to check previous bars, and many other options are also available.

Service Cost

The indicator will currently cost you $40 to purchase it outright when purchasing it, you will be granted unlimited access with no restrictions. If you would prefer to rent it instead, there are two options available, you can rent if or one month which will cost you $10 per month, you are also able to rent it for a three month period which will cost you $20 every three months. A free demo version is also available. However, this will have some limitations on it, we do not currently know what the limitations are.

Conclusion

There are just two reviews available for the Semafor 3LZZ Scanner Dashboard indicator, both of them are giving the indicator a 5 out of 5 reviews.

“EXCELLENT FOR FINDING NEW TRADES TO ENTER. LOVE IT!!!”

“If you use and like this indicator which I do, then you should love this scanner!”

There arent many reviews, but the two available show that the dashboard does seem to be working, there are also a number of comments, the creator seems to be replying to each comment, there is a little delay but nothing that wouldn’t be expected, hopefully, the same response is given to those that have purchased the indicator too. As always, make sure you download and try out the free version, just to make sure it works for you and has the features you need before you put any money down for a purchase or rental.

This Forex Indicator is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/41459