This is a revamped indicator ColorBars.
How Flex Works
If the last High is lower. The ST Candlestick Patterns indicator defines and highlights bullish and bearish candle patterns on a chart.
Open history file format is used. Advantages and Features works at any open chart window called "base chart" further on in this document ;looks like a common chart after uploading see Screenshots ;ope.
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders. These indicators, related to the fundamental analysis, can also be used as an effective long-term filte.
This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to unlimited receivers and one receiver can get trade from unlimited providers as well.
The provider can set the subscription expiry for each receiver, so that receiver will not be able to receive the signal. The system determines the short-term trend direction using several standard and custom indicators. By default, the robot is configured to trade round-the-clock, the following currency pairs: Also, the robot can be used on other low-spread pairs. Parameters FirstOrder - if you disable this function, the robot will stop trading after closing all orders; NumberPositions - the number of simultaneously open sessions on different currency pairs; Slippage - a.
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time.
You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA.
If you want to limit your losses, set. This is a tool to help visualize and confirm RSI trends. We hope you enjoy! Alerts Email, message, an. The indicator draws candlesticks of a higher timeframe on any timeframe using Open, High, Low and Close.
Number of days to be drawn. The candlesticks are objects, and they may have problems with displaying in the strategy tester. The application is designed for use on any account togeth. The XY EA is a convenient tool that allows analyzing the trading instruments on different time frames and fast switching between them. It has no adjustable parameters. Charts with the XY EA can only have the same symbol. When a symbol is changed on one of the charts with the XY EA, cascade change of symbols occurs on other charts with the XY attached.
The XY EA facilitates navigating to the required date and time on all charts it is attached to at once. This allows studying the p. FX Power is the first real-time currency strength meter with a real-time histogram. It analyzes the momentum and strength of all major currencies to determine high probability trades. This robot is designed for major currency pairs and trades three strategies.
It uses the algorithm for analysis of price data and finds the best parameters. Trades are filtered by results of analysis of daily and monthly chart for the last 10 periods. On this version, you can use 4 Lines of supertrend to define the trend, it will be more powerful. Remade signals on smalls timeframes, the indicator will not repaint if used on small timeframes. Simplifies the work of a manual trader when you want to send orders to market or pending , with instructions of colocation of Stop Loss SL , Take Profit TP and Trailing Stop TS and instructions of quantity of lot and distribution of that quantity between the pairs defined.
A warning system will alert you by email or SMS when a positio. Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr. This is a pivot points indicator with multiple calculation methods. Main features Speed up by disabling labels option. To enhance interactive speed of all indicators, reduce the chart history size. Calculates pivot levels on 1, 4 and hour periods. Change the period calculation time shift by 1-hour steps.
Calculates up to 21 pivot levels using most methods some methods have a fixed number of levels. EA friendly all the levels are drawn by buffers. Have you ever wished the CrossHairs would stay on screen when you have finished measuring something? Have you ever wanted to grab a screenshot with the CrossHairs in place? Have you ever wished the CrossHairs would "snap" to the highs and lows of the bars? Now you can do all this with Permanent CrossHairs. Volume is an important indicator in combination with price movements.
Volumes Overaverage Notifier informs you when activity is entering the market. Features This indicator is able to notify you via push notifications, alerts, sounds and emails when it is recognizing rising volume above a customizable level. The volumes histogram is divided and colored in 4 different parts - low, normal, high and ultrahigh volume levels. Low volume zones are drawn as a rectangle into the chart. Many strategies have been developed involving TDI or similar indicators which proves it's reliability and potential profitability.
Have you been wondering, what is current speed of the market? I see the ticks jumping up and down, can I measure their speed? All these questions can be answered by TickSpeed v1. It will show you directional movement speed in ticks per second or in time defined by you!
Good for scalpers, good for long term-traders. Good for beginners, good for pros. MarketStateIndicator analyzes the depth of market and uses the obtained data to define the current market state. As practice shows, the price moves in the direction where money can be found! In Offer state, the price usually goes up. In Demand state, it usually falls. In Balance state, the price's behavior is unclear. Since MarketStateIndicator analyzes the depth of market, it can be used only on an exchange market.
SizeOffer - Offer size. The indicator is designed to inform you about new Inside bars detected on any specified timeframes. Patterns found on the current chart are highlighted. The indicator can use alerts, email notifications and push messages to inform you. There is an extra option - a volume-based pattern selection criterion. This indicator automates the search of Inside bars and makes Price Action-based analysis of the markets much easier for you.
Input Parameters Visualization settings: Draw Mode - sets the. It is not a normal volume or other measurement indicator because IceFX VelocityMeter Mini is capable to understand market speed movements which are hidden in ticks and those valuable information cannot be read in an ordinary way from the candles.
The software monitors the received ticks frequency, magnitude of change within a specified time range, analyzes these info and. A classic pivot point indicator with three support lines, three resistance lines and history, nothing unusual here: What's different about this one is that it will show correct pivot lines on Monday if you have some weekend candles.
If you want to trade in different time zone there is also the possibility to shift time hours and minutes. Pivot points are very useful tools that use the previous bars to project support and resistance levels for future bars. So if you use them for trading it. Who will be interested in this product: The panel is designed to make managing a large number of orders as easy as managing one. The prices and stop levels are set. User can define the price valu. The pattern is made up of three price points: A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed.
Clear trading signalsCustomizable colors and sizesImplements performance statisticsCustomizable Fibonacci retracement levelsThe indicator can be used to find continuatio. Price Breakout pattern Scanner is fully automatic and powerful geometric analysis for traders and investors.
It can detects following patterns automatically from your chart. Head and Shoulder - Common tradable pattern.
Double Top - When the price hits resistance level twice and decline toward the support level, the trader can anticipate sudden bearish breakout through the support level.
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. Arrows in sub-window to show strong currency momentum GAP will guide your trading! This indicator identifies when a fast moving average MA crosses a slow moving average line.
Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Monitors every timeframe, from M1 to MN, and sends you a real-time alert when a MA crossover is identified.
Can use RSI as an additional trend filter. This indicator searches for candlestick patterns. Its operation principle is based on Candlestick Charting Explained: If a pattern is detected, the indicator displays a message at a bar closure.
This indicator is a complete analog of the Candle Pattern Finder indicator for MetaTrader 4 It recognizes the following patterns: Supply Demand uses previous price action to identify potential imbalances between buyers and sellers.
The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detecto.
All operations are automated. You do not need to reflect on the eternal question of how to set up an Expert Advisor. Run the EA on an account, and it will do the rest. It has only basic parameters available.
Parameters for fine tuning are built-in the c. This is visualization tool based on the Depth of Market. It works with the symbols that have the Depth of Market available. The free demo version is: AgileTools - Set of trading indicators Agile comes as a bundle of indicators that once you set it on your chart, you have a real dynamic way to choose which tools you want to see, altogether or one by one, or the selection that you want.
Feature Highlights Pivots 3 and 4 points Info: The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive.
The EA also handles money management, news events, hidden stop loss, tak. Parâmetros de Entrada Period: Período do RSI; How will the indicator calculate entry swing signals: As requested by some experienced traders, this EA's strategy uses its 3 built-in indicators to enhance its signals and decide to open a new order at the right time, there is an ADX indicator and you may choose its signal's strength, a parabolic SAR to help and confirm the trends and a MA to check if the prices are deviating from its patterns.
By joining the 3 indicators' data, it is possible to calculate a good and strong trend direction, avoiding sudden marke. Functions as filter to determine setups with higher probability. Works in any pair and timeframe. Enter higher probability breakouts Watch Video: This will help avoid false moves W. Para determinar a tendência, ele usa três médias móveis exponencialmente: Os parâmetros de entrada: Você deve otimizar somente dois parâmetros: É suficiente para optimizar o Bobra Adept somente uma vez, por exemplo para um pe.
Tick charts measure a number of transactions per bar. To give you an example if you have a tick chart, each bar measures transactions per bar and a new bar is plotted after transactions. You can choose any number of ticks per bar but most traders choose Fibonacci numbers 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, , The indicator uses tick data to plot the historical tick chart for a particular setting and real ticks for plotting live charts.
This method of calculation gives ve. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that. This indicator is based on the Random Forest machine learning algorithm, and it has been created using a software package for developing artificial intelligence systems for trading - Hlaiman EA Generator.
In this version, all calculations of price patterns and generation of the indicator trade signals are performed by means of 32 Decision Trees, each of which is implemented as a separate MQL function. The number of trees may be changed during the course of further studies. At the moment, it is d. This is a revamped indicator ColorBars. Now its color depends on close prices and not volumes.
Using this indicator one can increase the width of bars; this cannot be done in the terminal. Personalize o seu indicador da maneira que você quiser! This indicator is designed to detect high probability reversal patterns: Double top and bottom patterns are chart patterns that occur when the trading instrument moves in a similar pattern to the letter "W" double bottom or "M" double top.
The patterns usually occur at the end of a trend and are used to signal trend reversals very early. What this indicator detects: This indicator detects a special form of Double Tops and Bottoms, so called Double. This indicator is based on simple ADX, but it is faster and smoother than the original indicator.
The indicator is an extended version of the Alan Hull Moving Average. You can define the price and smoothing mode for each of the inner moving averages, including the resulting one. The parameters also feature a moving average "half-period" for a broader selection of values. Parameters MainPeriod - main inner moving a. Uses an advance breakout detection algorithm based on high probability price patterns.
Enter confirmed reversal setupsWatch Video: Enter higher probability breakoutsWatch Video: Click Here Features Universal compatibility to different trading systemsAnalyzes statistics of breakout signals to forecast possible targetsAver. The indicator displays the current market information about the recent trades their direction and volume. Settings BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the.
The use of a polynomial expansion of data opens up new possibilities for analysis and decision making. But the problem of all existing algorithms is a very slow computation. The main feature of this indicator is its fast algorithm. So this is a convenient algorithm for use without the need to apply supercomputers. Beginning with the version 1. The Expert Advisor repeats trades a preset number of times on your account. The following functions are supported: It copies all deals opened manually or by another Expert Advisor.
It is possible to increase the lot size of the signals. Copies signals and increases the lot from signals! This is not a copier for trade between terminals. A trade copier for MetaTrader is available here: It graphically displays the distribution of prices over time, as well as the value area and control value for the daily session. The indicator operation is based on the simplest indication - price action.
However, it does not use the standard indicators of the MetaTrader trading platform. It is based on the strategy of "waiting out", the market entry and exit points are determined on the basis of correlation of a number of indicators. The trading volume for opening a position depends on results of previous trades.
It is possible to limit the amount of risk the AutoMM parameter. It is also possible to set the maximum spread, above which the EA will automatically suspend trading the MaxSpread parameter. It also has advanced feature. The Expert Advisor trades inside a calm price channel, and trades the rebounds in the opposite direction from the channel borders. HMA with a slow period identifies the trend, while HMA with a fast period determines the short-term movements and signals in the trend direction.
The main differences from the free version: Ability to predict the probability of a trend reversal using analysis of history data. The indicator generates early signals basing on ADX reading data combined with elements of price patterns. Works on all symbols and timeframes. The indicator does not redraw its signals. You see the same things on history and in real time. For better visual perception signals are displayed as arrows in order not to overload the chart.
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4 Features The best results are obtained when the indicator works o. MonsterDash Harmonics Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and almost all timeframes in sortable and scrollable format. Users can add their own user defined patterns.
MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho. It comes with 6 indicators: It comes with an alert that will sound whenever a new signal appears.
It also features an email facility. Your email address and. Are you using too many indicators and waiting for all the signals to align before you trade? Is the strategy too subjective that you cannot even decide what to do? Less lines, keep things simple. Smart Trader clearly shows where to Buy or Sell, where to place your stop loss and take profit l. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope or channel.
If prices move outside the envelope, it is a trading signal or trading opportunity. How to trade Basically CAP Channel Trading can be used to help identify overbought and oversold conditions in a market. Grid Hero was strictly developed, tested and optimized using the "Reversed Sampling" development methodology based on "In-Sample" phase to and "Out-Of-Sample" phase to It has passed 13 years back test of real tick data and real variable spread with commission from It will start with Scalping Strategy.
Real is an automatic robot that trades independently determining the most important resistance and support levels. Real will trade on any charts: Martingale, averaging and other dangerous strategies are NOT used.
Real is full compliance with the FIFO method. Real is suitable for both experienced traders and beginners, more below. Real operation monitoring as well as my other products can be found here: Use a broker with good execution and with a spread of points.
A very fast VPS is required, preferably with a latenc. This pattern is revealed by means of spectral analysis of the price over a long period of time and is successfully developed over a period of 20 years.
Has a built-in mechanism for calculating profits, and also closes transactions for virtual Stop Loss and Take Profit, which are more than 40 points for 4-digit quotes. The adviser works on currency pairs: Dark Hole is based on an artificial intelligence algorithm that allows to predict and anticipate the trading Signals that it uses.
In this way, the expert advisor is able to get a very high-rate of winning trades. The Expert was tested on the whole available historical period of many currency pairs with exceptional results. You can download the demo and test it yourself. My tests were performed with the re.
For the last three years, I had been struggling with finding a good EA, which is able to generate consistent profit, robust, and able to survive the back-testing of 10 year period. Since I could not find one, I developed the system myself. Its mean trades average holding time remains in seconds. EA put two stop orders1 buy stop and 1 sell top at near current price. And these two stop ordersfrequently keep modifying at predefined timer in seconds at predefined distancefrom current price.
And during news events and sudden high volatility events EAtook these orders into trades. And while a stop order becomes a trade after it secondstop order deleted. This Expert Advisor trades during a small market volatility. It tracks the price levels, then opens positions and manages them until they are closed with a profit or a small loss. You can limit the number of opened positions. Only one position can be opened on a bar. It does not use strategies like martingale, position averaging, loss overstaying, etc.
All positions are opened with fixed Take Profit and Stop Loss levels. It is possible to use a dynamic lot to increase the volume of positions. It opens only Buy positions. Monitoring of the paid version of SZ Scalper For opening positions, the EA uses support and resistance levels and a certain correlation of some standard indicators. Several trading strategies are included, which can work either in combination or separately.
The MetaTrader 4 Terminal. It will not trade on metals and "non-Forex" symbols due to the specifics of t. All additional stoploss mechanics can be used together. EA can be run on different symbols and timeframes but for reducing demand on computing power internal parameters are narrowed and it is highly. This is a fully automated free version of Pender Expert Advisor. Trading is performed using pending orders on important price levels, where the price had slowed down during the recent time periods.
Virtual StopLoss is always set. Opens only SELL positions. Broker and deposit Any 5-digit broker with low spreads and fast execution is suitable for trading. The minimum recommended depos. This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula.
Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify and confirm potential trades. This is because it graphically shows whether th.
The free version of the Yellow Expert Advisor works based on short-term changes in the trend, creating the price "corridor" set in the parameters.
Trading is carried out at the external borders of this corridor by opening positions in different directions with different lot sizes. Yellow Free is intended for trading any currency pair on the M5 timeframe. Not martingale, not arbitrage. It will not trade on metals and "non-Forex" symbols due to the specifics of the indicators used. Isso é uma ferramenta para aumentar o tamanho do lote de ordem com objectivo de aumentar o retorno dos investimento.
As ordens copiados têm. Synthetics EA - is an adviser that processes deals on the signal of a built-in trend indicator. Based on the trading results, according to the user's settings, the adviser makes "non-synthetic" entrances to the market - that is, the user can specify an entry after two or three consecutive losses, or vice versa entering the market only after a series of profitable trades.
The EA has numerous setting. When this sample strategy is applied, St. Order Tool is a trading assistant with a GUI panel that simplifies manual trading. It automatically calculates a lot size of a trade based on account balance, provides movable lines for setting entry, stop loss and take profit levels and at the same time it shows potential profit or loss. The indicator uses the calculation technique of the three drawing options: The first two were proposed by Keltner, the third one - by a successful trader L.
You can also search for your own best parameters of the indicator. The upper, middle and lower bands can be colored. The indicator includes the basic analytical tool of the market moods by Keltner. How to understand the status: The EA that should be in every serious traders' toolbox. The EA is designed for manual traders of all kinds including: The EA is an auto trailing stop that automatically sets your trailing, stop loss, take profit and breakeven values whenever you enter a trade.
Other features include hidden stop loss and take profit for discrete traders. Partial take profit in two parts and chart info display. The EA works on any timefr. This dashboard software is working on 28 currency pairs. It gives a great overview of the entire Forex market. It shows Advanced Currency Strength values, currency speed of movement and signals for 28 Forex pairs in all 9 timeframes. Imagine how your trading will improve when you can watch the entire market using a single indicator on your chart to pinpoint trends and or scalping opportunitie.
No Martingale, no grid, no averaging. Fixed stop losses for every position. This is a multi symbol mean reversion system that trades during the end of NY session and start of Asian session. You only need one chart opened to trade all symbols. All genius things are elegantly simple. BF Smart Scalp EA is very simple, but it is based on the most proven trading principle since the markets exist — enter the market in the direction of a strong market impulse, after a reasonable correction is detected.
In the core of this trading principle is our deeply encoded human psychology, which will never change. Add Tipu Panel found here and unlock the following additional features: This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula.
With this update, you will be able to show double timeframe zones. All Supply Demand traders will love it. A2SR has a special technique in determining the levels of Support demand and Resistance supply.
Unlike the ordinary way that we seen on the net, A2SR has a original concept for determining SR levels. The original technique was not taken from the internet, and it has never been published on the internet either. A2SR will auto select the SR level according to your trading style. Even though you are changing the time frame but the SR level will remain on its po.
The Expert Advisor helps reduce the account drawdown. To do this, the losing deal is split into multiple small parts, each of these parts is closed separately. The EA can interact with other experts. For example, when a certain drawdown is reached, Open Lock can disable the other expert and start working with its orders. Open lock for MetaTrader 5 is available here Methods used by the EA Locking to prevent a drawdown increase Averaging orders used to cover the loss Partial closur.
RSI Breakout Dashboard is a tool for multiple currency pairs analysis at the same time in terms of breakout from Oversold or Overbought Zone. The number of displayed symbols is 30 and the name of each symbol can be edited in the parameters.
Analyzer is perfect for alert notifications, push notifications and email alerts. We can also select timeframes to receive notifications from and set maximum spread, at which the notifications will come. No grid, no averaging, only one position at a time. This is a mean reversion strategy around the close of the New York session. It is a very simple strategy, but still it has been successful historically.
It is only designed for symbols: Because the EA will trade around the New York close time Opening and closing, Reverse and Lock. Work with positions and orders! You are holding a unique plugin for the MetaTrader 4 terminal - virtual control panel VirtualTradePad. I have been developing, testing and correcting this automated scalping system for a long time: The most stable results have been achieved on currency pairs with Swiss Franc, which means higher profitability and lower drawdown as compared to other symbols.
Highlights to pay attention to 1. Expert system RaptorX works using sharp tick movements. The classic method of trading scalping.
It is also worth noting that with an acceptable spread level, the bot runs any historical period on any currency pair. Testing for opening prices does not make sense, or checkpoints or all ticks. It is possible to work on accounts with a floating spread, entry into the market will occur only when the spread is lower than the level specified in the settings.
Trade copier for MetaTrader 4. It copies forex trades, positions, orders from any accounts. It is one of the best MT4-to-MT4 trade copiers today. The unique copying algorithm exactly copies all trades from the master account to your client account. The product is also noted for its high operation speed Tough error handling.
A powerful set of features. The program can be run on multiple terminal bindings. TDO is an index that measure price rate of change using the principle of "Pure Momentum". That is why technical analysis indicators like "Price Rate of Change" ROC or "Momentum" gives higher readings for ascending price movements than that given to descending ones.
TDO fixes this problem to help traders at reading momentum correctly depending on. Isto permite-lhe entrar no mercado no início de uma tendência. O painel do analisador pode ser facilmente deslocado. This indicator plots a crosshair pointer in all charts of the terminal in the position relative to the active chart. Once Pointer Sync is deactivated, the cross lines will disappear in all charts as well.
This Metatrader indicator was designed to help trend traders trading with the trend. The indicator also spots the swings and changes the color of the candles to help the trend trader spot the right entry for his trade. The timeframe left-up shows the color of the current candle for all the time-frames available in Metatrader.
Other trend indicators like MACD, PSAR or moving average can also be used to identify the trend right-upper corner as well as the Stochastic oscillator to confirm the trade entries. The trader can choose any other values depending on the traded pair. Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up.
The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers. In the example below, using the default settings settings, the MACD EA opened three trades maximum allowed when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.
The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. It often happens that traders get too greedy or too scared and so they poorly manage an opened trade. Unfortunately, managing an opened trade is much harder than opening a trade. When this happens, the winning trade is usually closed:. Using the RobotFX Trailing Stop expert advisor for Metatrader, traders can cash in safer without having to continuously monitor their trades.
So the purpose of the Trailing Stop EA is to eliminate those frustrating situations when you close a trade earlier than you should and the price continues to go in your favor, or when you wait for to long and the price reverses, so your winning trade becomes a losing trade.
Also, that the expert advisor can trail multiple trades basket of the same kind. The Donchian Channel MTF indicator can display the Donchian channel for any given time-frame which is higher or equal to the current timeframe. The trader has the option to set the timeframe of the Donchian channel and to choose whether the channel will be drawn based on the highs and lows of the candles or their open and close.
Above you can see the Donchian channel that corresponds to the H4 time-frame minutes displayed on the H1 chart. Forex expert advisors or forex EA are automated trading systems robot fx programmed for the Metatrader platform. These forex trading robots are designed to trade forex automatically, without the trader's intervention. When choosing a FX EA trading robot it is important to understand how the fx robot trades, how it opens a trade and manages the opened forex trades. Also known as forex technical indicators , a technical MetaTrader indicator is generated by a mathematical calculation based on historic price data, aiming to forecast market direction.
A robot trading forex FX EA can make use of such indicators and even load them on the trading chart, however since the indicators are based on previous data they shouldn't be blindly trusted. Metatrader scripts can be used to start multiple forex operations or the same operation on multiple charts, just like the forex robots. Usually they are set to run only one time unlike the forex expert advisors but here are also scripts that can run in the background, performing the same operation in a loop.
MetaTrader templates are pre-defined settings for charting. They help the forex trader to quickly customize a chart by simply loading the template to it, instead of having to place objects, MetaTrader indicators or forex expert advisors every time they open a new chart. A forex strategy represents a set of analyses that a forex trader uses to determine whether to buy or sell a currency pair at any given time.
Successful forex trading strategies can be based on technical analysis charting tools or fundamental, news-based events. It is widely accepted that one of the biggest mistakes new traders do is to migrate from one forex trading strategy to another forex trading strategy , therefore never learning to trade a specific forex strategy. The foreign exchange market forex , FX, or currency market is a global decentralized market for the trading of currencies.
This includes all aspects of buying, selling and exchanging currencies at current or determined prices. It is a fast-growing and one of the most heavily traded markets in the world. The daily trading turnover on Forex is worth almost 4 trillion US dollars. The currency trading brokers forex brokers are firms that provide currency traders with access to a trading platform that allows them to buy and sell foreign currencies. A currency trading broker, also known as a retail forex broker , or forex broker , handles a very small portion of the volume of the overall foreign exchange market.
Currency traders use these FX brokers to access the hour currency market. MetaTrader is a trading platform developed by MetaQuotes Software for online trading in the forex, contract for differences CFDs and futures markets.
MT4 or MT5, as they are commonly known, can be downloaded for free directly from the MetaQuotes web site metaquotes. RobotFX builds MetaTrader expert advisors and indicators to help traders trading forex. In downtrend price below MA , the EA only openes short trades.
Stochastic gives the exact trade entry, when it crosses in the overbought zone opposite for long entries in uptrend. That applies to any trades, even those opened by itself. This may also be changed in a future version. In the trading chart above, the Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi color is green up on both of these timeframes. The timeframe left-up shows the color of the current candle for all the time-frames available in Metatrader The trend detecting indicator is easy to uderstand, as seen on the above MetaTrader chart The Trend Trader indicator can be used for both identifying the trend as well as the trading and managing opened trades.
When this happens, the winning trade is usually closed: The expert advisor trails the price using various methods: