Last Updated On
Thu Jun 15th, 2017
 
Rating: 4.88/5 (376 vote(s) cast)

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FXMower EA of finds entry points for trading using its unique algorithm by recognize trends or fast movements beginning and end, then decide the best direction to open each order.

The EA uses Trailing Stop for the first order with no Take Profit, and quickly alters the Stop Loss. That first order can take the whole profit from a spike or fast movement in any direction.

The EA opens the second and third orders after the first order Stop Loss in the favorable direction detected by the EA either following or against the trend. It never opens orders in one direction giving a chance to get a rollback.

Trading Idea
FXMower EA allows setting a desired drawdown limit for the account!
Currency Pairs
EURUSD
Timeframe
M30
Backtests
Available in the FXMower Review
Live Performance
Available in the FXMower Review
Last Updated On
Fri Jun 02nd, 2017
 
Rating: 4.77/5 (860 vote(s) cast)

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Volatility Based Market Algorithm & Money Management

Volatility Factor EA was designed to make 10-15+ pips per trade via its very powerful volatility based market algorithm.

This algorithm closely watches the market, so when a desired movement is detected in a certain direction, in a lightening fast reaction, it initiates trades with leverage to magnify the returns on the current market volatility.

The EA focuses on the medium term market's signals and with its powerful and sensitive money management system, it can keep your account safe and minimizes risk till the trades get exited.

Prevailing Level Detection

This is the corner stone for the volatility based trading strategy via a thorough view over the market to correctly predicting the currency pair trading range within which its price swings.

More over, thousands of sophisticated calculations are necessary to correctly map the channel and accurately identify the prevailing level, which are automatically processed by Volatility Factor EA.

Drawdown Correction

By applying the volatility based market algorithm, the EA can make important profits unless a genuine channel breakout has occurred that isn't inline with the algorithm's calculations, here the EA money management algorithms starts its action by closely watching the trades and systematically closing each position with an optimal profit level and a minimum drawdown to protect the account balance and keep it within the risk profile parameters.

Trading Frequency

With such strategy and profiting protocol, any system should end into a lazy one with slow trading rate, but via its lightning fast trading logic, Volatility Factor EA can quickly react with the market, analyze it and makes 3 - 4 profitable trades per session.

Spread and Price Slippage Protection

Volatility Factor EA has an advanced integrated protection system that is configured to minimize the broker driven price spread and slippage, so it's compatible with any broker and any account type.

Trading Idea
Volatility Factor EA trades by opening a basket of 4 positions maximum depending on market volatility, taking profit at 20 pips with hard StopLoss of 50 pips, this means that touching the SL for the 4 basket trades would mean a drawdown (4 * 50 = 200), this is a so much safer if compared to the older version which drawdowns could be in excess of 1500 pips of (380 * 4 = 1520) pips.
Currency Pairs
GBPUSD, EURUSD and it also trades other unsupported pairs.
Timeframe
M15
Backtests
Available in the Volatility Factor Review
Live Performance
Available in the Volatility Factor Review
Last Updated On
Sun Mar 19th, 2017
 
Rating: 4.74/5 (682 vote(s) cast)

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Well, now we know the most important characteristics of Wall Street Forex Robot; it's a scalper, running 24/5, uses the M15 timeframe and the pairs recommended by the provider are EURUSD and GBPUSD, while USDJPY, USDCHF, USDCAD, NZDUSD and AUDUSD are also officially supported.

It's probably not a good idea to manually configure each pair SL and TP although you can. The EA gets its settings updated from the server after authorized access configuring each pair preset values; the SL ranges from 120 pips on EURUSD and GBPUSD to as high as 160 on USDCHF, while the TP is around 25 pips, with the notable exceptions of GBPUSD where TP is 50 and USDCAD where TP is 14. The stop loss is rarely touched, though - by deeper inspecting the backtests - as any sensible scalper EA, in most cases when the market moves against it, it can close the trades before hitting the SL, the average win / loss ratio being roughly 1:2.75. It has also an ability to take profit early before the take profit target is hit by its positions, when it figures that's as many pips as the market is going to give it.

The strategy itself is fairly simple; a few indicators which are shipped with MetaTrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA it seems to be entirely thread safe.

When running on the recommended two pairs, the average of WallStreet Robot is about 3.5 trades / day and almost 5 trades / day when running on all the five days of the week, so it qualifies as a rather frequent trading EA. There's no GMT setting as it trades around the clock, so it's not to worry about in this EA.

Wall Street Forex Robot is completely compatible with the NFA rules as it opens only one trade at once on each instrument traded, there is no problem with FIFO and hedging. But you need to be careful as if it operates together with another EA trading the same pairs on an account with the NFA restrictions in place, this might lead to inability of one of the EAs to open trades.

Trading Idea
A scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA it seems to be entirely thread safe.
Currency Pairs
GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent!
Timeframe
M15
Backtests
Live Performance
Last Updated On
Sat Mar 04th, 2017
 
Rating: 4.66/5 (31 vote(s) cast)

EA Full Review

Forex Testosterone TSFX EA strategy creators have integrated the most suitable algorithms into the system aiming to exit the drawdowns with the least losses. Two martingales; an internal one works to maximize profits, while depending on the percentage value of the established risk, an external martingale equilibrates and limits the internal one stopping large drawdowns and opening of a large number of orders.

Trading Idea
Forex Testosterone TSFX EA is a mathematical two-martingale (interacting external & internal) algorithms with a logic that closes orders according the current risk and account balance.
Currency Pairs
USDJPY
Timeframe
Any
Backtests
Live Performance
Last Updated On
Fri Feb 24th, 2017
 
Rating: 4.7/5 (55 vote(s) cast)

EA Full Review

Multiple trading strategies are engaged into one another, the starting strategy is basically back Martingale for the first 3 - 4 orders, then depending on spread / steps, basic Martingale joins to increase Lot and win more profits.
After 7 - 8 - 9 orders, MineSweeper EA starts to minimize the risk of trend going so far.
The EA can also work with fixed Lot size. Limiting Lot size depends on the account balance (10,000 Lots with Max Lot Size of 1.0 are recommended by the developer).
The user is able to close orders opened by the EA at anytime, this option is not enabled by default and needs to be enabled in the EA settings.

Economical News

They significantly affect the market behavior and so the EA performance especially Wednesday news, so it's strongly recommended to close all the opened orders before Wednesday until Thursday for safety.
If the account balance is good enough and can withstand the impacts of the news on Wednesday, it's recommended to risk a little and keep the orders opened as they can then generate important profits.

Trading Idea
Multiple strategies are working together in MineSweeper EA, basically back Martingale for the first 3 - 4 orders, then basic Martingale to increase the profits with risk minimizing measures after 7 - 8 - 9 orders.
Currency Pairs
EURJPY, EURUSD, USDJPY, USDCAD, USDCHF, AUDUSD and GBPUSD
Timeframe
M1, M5 and M15 (Other Timeframes are Supported Too)
Backtests
Available in the MineSweeper EA Review
Live Performance
Available in the MineSweeper EA Review
Last Updated On
Sat Feb 18th, 2017
 
Rating: 4.63/5 (84 vote(s) cast)

Official Website  EA Full Review

Hard Drawdown Control

Losing money is what every trader tends to avoid in Forex trading, for that the right Money Management System is needed. Forex inControl reborn EA allows the trader to set the absolute maximum drawdown value manually not to be exceeded what ever happening in the market. This technology automatically sets StopLoss values for every order based on the previously set maximum drawdown value not to be exceeded by the sum of all the trades together.

Trading on 4 Different Pairs

The core algorithm of the Forex inControl reborn EA is so powerful and simple so it can trade different currency pairs, the best 4 of them are officially supported by the EA developers. This variability can guarantee stable profits as tradable pair supports the other keeping the overall drawdown below the maximum set value. This is a high possibility to maximize the profits with minimizing the risks.

Risk / Profit Advanced Handling

Moreover, it gives the trader the ability to set the maximum drawdown value for each currency pair separately so that an advanced control over the profit and risks can be obtained achieving more stable profit at minimal risks.

The robot has a Conservative, Normal and Aggressive styles of trading.

Forex inControl reborn

This is a new version released in Feb 2017, a safer and more secure version at the official settings with good optimized parameters. It also has a new mode; Accelerator.

Trading Idea
It waits for the market's best situation to open trades, by setting the maximum drawdown value for all the trades or for each tradable currency pair separately, it guarantees an unprecedented control over the account balance it's trading. It can also run alone or simultaneously with other Forex Robots.
Currency Pairs
EURGBP and AUDUSD
Timeframe
M30
Backtests
Live Performance
Last Updated On
Thu Jan 19th, 2017
 
Rating: 4.81/5 (255 vote(s) cast)

Official Website  EA Full Review

Einstein Trader uses price action strategy on M1 with employing certain safety filters, so trades frequency is limited with the predominance of specific higher profitable winner ones.

This is more realistic for profiting on live trading with real money accounts as too many trades at once can easily lose due to the of lack of liquidity and broker delays.

Trading Idea
Einstein Trader is a price action frequent scalper, an automated Forex system with safety filters, no high stop loss, quick – in and out trades, no grid trading and no martingale.
Currency Pairs
EURUSD, GBPUSD & USDJPY
Timeframe
M1
Backtests
Available in the Einstein Trader Review
Live Performance
Available in the Einstein Trader Review
Last Updated On
Tue Jan 03rd, 2017
 
Rating: 4.69/5 (52 vote(s) cast)

Official Website  EA Full Review

The Price Inertia

This is a value that can be detected during sharp price movements and it indicates whether this is a temporary movement or the beginning of a new price direction.

Inertia Trader is always monitoring the market for sharp price that whenever occurred, the EA determines its inertia, if the inertia is indicates a new price direction, the EA opens trades at the bar close in the same direction of the price momentum.

Stop Loss & Take Profit

Every new trade opened by Inertia Trader gets a hard stop loss and take profit values for protection just in emergency situations.

The take profit value is always about one third above that of the stop loss, this is how a positive reward for risk on every trade can be ensured, while the stop loss is is never set to a large value.

This generates a positive ratio that provides a strong market edge for Inertia Trader in the long term whatever the current or overall market conditions are.

Account Protection

Many filters and action delays are added to the EA trading function to guard against possible spiked spreads or abnormal slippage periods as those of abnormal news.

In general, Inertia Trader protects the account from any abnormal and risky movements.

Trading Idea
Inertia Trader uses the idea of price inertia and its trading behavior is mainly based on the price momentum physical properties.
As the fundamental market principles forms the core of its trading function and it doesn't trade based on past historical data, there is no need for it to be regularly optimized.
Currency Pairs
EURUSD
Timeframe
M1
Backtests
Available in the Inertia Trader Review
Live Performance
Available in the Inertia Trader Review
Last Updated On
Thu Nov 17th, 2016
 
Rating: 4.87/5 (431 vote(s) cast)

Official Website  EA Blog & News  EA Full Review

It's mainly an Asian session scalper on 8 different currency pairs in addition to another unique strategy for EURUSD on the M1 timeframe is the "long term strategy". The included comprehensive manual attempts to explain every thing related to the Forex market up to VPS solutions, it even didn't ignore history data and backtesting. The package includes an ex4 and a DLL files and the EA supports so many parameters that are briefly explained in the manual, with mention of this disclaimer:

Other settings can be left as defaults. All other settings can be left as they are, and you can be confident in the knowledge that we have worked hard to optimize the default settings to ensure you achieve good results.

A question arises; why the Forex robot parameters are so important if it could work without modifying them? The authors may think that an EA being full of parameters will be more satisfying for a customer, while the only parameter that could be modified by a standard user seems to be the "GMT offset". Accordingly, the following backtests were run on a modified GMT offset. You may also need to modify the "money management risk", it's 5 in the EA by default that is good enough for backtesting, but the "long term strategy" was manually set to be automatic with a lot factor of 1, that looks like a correct risk setting for the pips number involved in every trade.

The new and improved versions FAPTurbo 2.0 and FAPTurbo 3.0 got many enhanced features significantly supporting the capital risk protection, including the High Spread Protection System, Automatic Risk Scaling and Built-In Loss Prevention System.

Trading Idea
The old style works as an Asian session scalper including a long term advanced strategy trading around the clock on EURUSD with high SL & TP targets.
Starting from FAPTurbo 2.0 and of course FAPTurbo 3.0, the EA could trade 8 different pairs with an extreme high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Currency Pairs
7 Different Pairs (EURUSD, EURGBP, EURCHF, GBPCHF, USDCHF, GBPUSD, USDCAD) + BITCOIN
Timeframe
M15 for Bitcoin trading and H1 for Multi-currency trading.
Backtests
Available in the FAPTurbo Review
Live Performance
Available in the FAPTurbo Review
Last Updated On
Mon Oct 10th, 2016
 
Rating: 4.69/5 (162 vote(s) cast)

Official Website  EA Full Review

Based on scalping strategy, the EA uses identical 40 pips stop loss and take profit limits, producing a theoretic a 1:1 risk-reward-ratio. This risk-reward-ratio may fall to 2:1 in backtests or even lower in live trading as the EA Happy Market Hours tends to close positions regularly after the market positions before S/L and T/P limits are reached. However these limit values in the EA are excellent for a scalper.

The default maximum spread used by the EA is 5 pips, such a spread - especially with minor currency pairs - is unreachable by any broker even during the active European or American Sessions. During the wider spread Asian Session, this limit could be breached easier.

Trading Idea
A scalper EA using identical 40 pips S/L and T/P limits with default maximum spread of 5 pips, basically designed for all types of traders in the Forex market including new users.
Currency Pairs
EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF
Timeframe
M15
Backtests
Available in the Happy Market Hours Review
Live Performance
Available in the Happy Market Hours Review