Last Updated On
Tue Sep 25th, 2018
 
Rating: 4.49/5 (452 vote(s) cast)

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Forex Combo System integrates four entirely separated strategies:

  • A scalper strategy that seeks to snatch small market movements. It sets to take profit at 21 pips, but it decidedly early closes the positions if the market doesn't go with it, and this may result in less than 21 pips profit or even a small loss. Its stop loss is at 300 pips that may be appear huge, but it almost never gets hit – the EA usually closes the positions a long distance before getting there.
  • A breakout strategy A breakout strategy based on the "average true range" or ATR indicator. In short, if a price surpasses some given limits a breakout takes place; in many situations, these breakouts continue to move in the same direction as the price. The ATR indicator measures the average range that a currency has during a given period, that is then coupled with the current market data, giving a dynamic upper and lower limit. So, the breakout strategy is dynamically adapts to the market conditions and monitors the starting trends, using a trailing stop for its positions and a take profit target of 500 pips, that is reached occasionally, although the trailing SL tends to close most trades. In contrast to the scalper strategy, the initial stop loss of the breakout strategy is very strict that is 30 pips, typically leading to a big win following several losses in a row, that win more than recoups the losses.
  • A reversal strategy in which a market channel is determined and the price is expected to reverse and start a new trend once it reaches the channel limits. Th stop loss of this strategy is 70 pips and the take profit target is 160 pips, but all the positions going into profit are sporting a trailing stop. This may generate some losses as could be expected, but it also generates some wins, gaining a well positive result after all is completed. You should note that this strategy only operates between 22 and 01 GMT (aka only opens trades).
  • EuroRange Strategy which is a very simple system, during the European session it tries to capture the - rather large - price movements by identifying an existing trend and opening a position - long or short - at 7 AM GMT, with a relatively tight stop loss of about 50 pips for EURUSD and 60 pips for GBPUSD which gets a trailing stop once it start profiting.

Every strategy parameters could be modified, but this is not recommended as they perfectly performs well as they are set.

Trading Idea
As the name suggests, this EA is a collection of several subsystems, four to be clear. The most accurate description that fits it is "four different EAs joined together". The result of such an EA could be considered "Pleasant" as you will discover this yourself after some further reading, It's an easy to use EA and is one of the most solid automated trading systems that I've ever seen.
Currency Pairs
EURUSD, GBPUSD, EURAUD and EURCAD
Timeframe
M15
Backtests
Available in the Forex Combo System Review
Live Performance
Available in the Forex Combo System Review
Last Updated On
Fri Sep 07th, 2018
 
Rating: 4.7/5 (31 vote(s) cast)

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Happy News EA allows automated trading of the news, regardless of their outcome. It places pending orders in both directions then watches news impact to the FX market, if significant it takes the best chances available.

The news are automatically downloaded from reputable online sources like Forex Factorythen they are scanned based on the EA predefined settings. All the available news can be traded by the EA, while this can be limited to the ones related to the current pair on the chart only.

The EA allows setting the affordable risks and desirable profitability. It has a reasonable trading rate and opens trades every day.

Very bleak chances of failing with the Happy News EA unfortunately exist and its creators guarantee a success rate of more than 85% with verified results.

Trading Idea
No matter they were good or bad, Happy News EA trades important Forex news automatically.
Currency Pairs
EURUSD, GBPUSD, AUDUSD and USDJPY
Timeframe
M15
Backtests
Available in the Happy News Review
Live Performance
Available in the Happy News Review
Last Updated On
Sat Aug 25th, 2018
 
Rating: 4.25/5 (43 vote(s) cast)

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Added to being a fully automated, adaptable and customizable, a user friendly and a compatible Forex robot with all broker and account types including US based ones, Forex Trend Hunter has many other useful features the most interesting of which are:

  • An integrated well developed account and money management system.
  • A built-in sophisticated loss recovery system.
  • Protection system against inequitable brokers trying to deceive.
  • High profitability as it could exceed 300 pips in one trade.

Trading Idea
A trend following, long term profiting Forex robot. It's not an Asian scalper as the broker trading conditions or spread widening have no rule over its performance.
Currency Pairs
EURUSD, GBPJPY, EURJPY, USDJPY and USDCAD
Timeframe
H1
Backtests
Available in the Forex Trend Hunter Review
Live Performance
Available in the Forex Trend Hunter Review
Last Updated On
Tue Jul 24th, 2018
 
Rating: 4.9/5 (55 vote(s) cast)

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Each of the two opened trades on impulse detection by Forex Impulse Trader has a separate take profits: FirstTrade_TP and SecondTrade_TP. When the first trade is closed with profit, the EA then sets a new take profit value for the other running trade. The preset SecondTrade_TP value in pips is added to the close price of the first trade to determine the second trade take profit value.

Forex Impulse Trader has an advanced integrated money and account management system. It also protects the account it's running on from unfair and deceptive brokers.

The loss recovery system existing in the EA can successfully compensate for the previous when enabled. During high spread and high slippage periods, the market condition is then unsuitable for trading, Forex Impulse Trader can detect that and protect the account.

Forex Impulse Trader has low drawdown on the 3rd party verified live accounts.

Trading Idea
The trading strategy of Forex Impulse Trader main idea is detecting the impulse then opening two trades at the same time and direction.
Currency Pairs
EURUSD, GBPUSD, EURAUD, USDJPY, USDCHF and EURJPY
Timeframe
M15
Backtests
Live Performance
Last Updated On
Fri Jul 13th, 2018
 
Rating: 4.78/5 (36 vote(s) cast)

Official Website  EA Full Review

Each order has a unique Takeprofit as the FxCharger adjusts it to the current Market condition. Each trade has a unique Stoploss.

Takeprofit is calculated by FxCharger system in such a way, so that a trade could be closed in profit, at the same time it does not let orders open for a long time in the Market, usually they get closed in 1 to 4 days.

A unique Stoploss it is calculated by a special technology for every trade in such a way that no more money would be lost than that specified in the EA settings, even in system crash situations or loss of the internet connection as the Stoploss limits drawdowns.

In the ADVANCED version of FxCharger all the settings of the EA are opened and it's fully customizable to better suite the trader's needs, or even to optimize the system for other currency pairs.

Trading Idea
FxCharger is designed to open trades every day. Each order has a unique Takeprofit as the EA adjusts it to the current Market condition. Each trade has a unique Stoploss.
Currency Pairs
EURUSD Only in the Regular Version and EURUSD with AUDUSD in the Advanced Version
Timeframe
H1
Backtests
Available in the FXCharger Review
Live Performance
Available in the FXCharger Review
Last Updated On
Fri Jun 22nd, 2018
 
Rating: 4.75/5 (31 vote(s) cast)

EA Full Review

Each of the three embedded strategies trades autonomously with no interaction with the other two strategies, so that there is a possibility to open a long trade by on strategy while another strategy has opened a short trade at the same time.

If Forex Spectre detected an entry signal and considered it to be highly promising using its advanced algorithm calculates, it automatically opens a trades with a double of the preset lot size.

A money management system is involved in Forex Spectre with the ability to deactivate each of the working trading strategies.

A division of the account balance can be assigned to be the only tradable balance division while the remaining balance can be freely used for manual trading or by other EAs.

Hedging also can be disabled in the EA settings.

Trading Idea
Forex Spectre is a trend follower EA coded with 3 different strategies but with many similar behavior aspects. Although proved profitable, further descriptive data about those strategies were not revealed by the EA developers and are still vague.
Currency Pairs
EURUSD
Timeframe
5M
Backtests
Available in the Forex Spectre Review
Live Performance
Available in the Forex Spectre Review
Last Updated On
Thu Jun 14th, 2018
 
Rating: 4.73/5 (19 vote(s) cast)

Official Website  EA Full Review

Happy Trend EA open max. 1 trade per one pair with applying a highly efficient money management system that attempts to detect the most precise trend movement. It uses dynamic SL/TP and extremely accurate market entries.

Trading Idea
Happy Trend EA trades on high volatility including a News Filter. No martingale, no hedging and no grid are included in its trading algorithm.
Currency Pairs
AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY
Timeframe
H1
Backtests
Available in the Happy Trend Review
Live Performance
Available in the Happy Trend Review
Last Updated On
Sun May 13th, 2018
 
Rating: 4.79/5 (1168 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
Wed Mar 28th, 2018
 
Rating: 4.74/5 (120 vote(s) cast)

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It applies the professional fund managers technique called the "Smart Money" for maximum profitability, in addition to a sophisticated drawdown compensating algorithm combined to the well known volatility breakout strategy for maximum protection.

The volatility breakout strategy is used by Smart Money technique to follow the market impulse for its purity and logic for the most reliable and constant performance.

In addition to that, the EA applies a cutting-edge polynomial algorithm that sets and tunes the system parameters in real-time in response to the continuous market movements and condition changes.

It also applies a set of intelligent profitable and protecting systems as:

  • High spread and high slippage protection system.
  • State-Of-The-Art Profit Protection System.

Trading Idea
No exotic or speculative techniques are applied in the EA and it's not a slippage or spread dependent.
It detects the final moments of a volatile market trend or session, identifies the volatility limits below which the dominant market trend is, and don't ignore the special situations when those volatility limits occur near important market levels, predict price levels that should capitalize when market is readjusted after the volatility breakout has occurred, and finally it sets an order based on that prediction.
Currency Pairs
EURUSD, GBPUSD
Timeframe
M5
Backtests
Live Performance
Last Updated On
Tue Mar 13th, 2018
 
Rating: 4.97/5 (189 vote(s) cast)

Official Website  EA Full Review

Stochastic Indicator

The strategy built up in FxMath EA only uses Stochastic Indicator to determine the Entry and Exit points, it compares between different stochastic values to detect the major trends in the market to enter it, while the end of trend by comparing between two stochastic values.

Stochastic Oscillator

It was developed by George C. Lane in the late 1950's, it's a momentum indicator that can reveal the location of the close relative to the high-low range over a set number of periods. According to an interview with Lane, the Stochastic Oscillator;

doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price.

So that the ascendant and descendant deviations in the Stochastic Oscillator can be used to indicate reversals. This was the primer, and most important, signal identified by Lane, that can also be used to identify bull and bear set-ups to predict a future reversal and as it is range bound, it can also be used to identify overbought and oversold levels.

%K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100
%D = 3-day SMA of %K

Lowest Low = lowest low for the look-back period
Highest High = highest high for the look-back period
%K is multiplied by 100 to move the decimal point two places

Advantage of Multi-Strategy EAs

  • Control and reduce drawn down.
  • High profit stability.
  • Trading safety as risk is distributed on different pairs.
  • Trading safety as risk is distributed on different strategies.
  • Account free margin control.
  • Dividing profit into smaller standard portions.

Trading Idea
FxMath Stochastic Trader employs multiple trading strategies working together, basically the trend / swing strategy.
Currency Pairs
EURUSD, GBPUSD, EURJPY, USDCAD, USDCHF & USDJPY
Timeframe
H1
Backtests
Live Performance