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: 4.8/5 (1160 vote(s) cast)

Official Website  EA Blog & News  EA Full Review

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)

Official Website  EA Blog & News  EA Full Review

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 (188 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
Last Updated On
Thu Feb 22nd, 2018
 
Rating: 4.92/5 (15 vote(s) cast)

Official Website  EA Full Review

Modified ZigZag indicator compares between the price scale percentage set in the the EA parameters to the chart's extreme points and detects those being equal or higher than that price scale percentage.

The EA has built in money management settings and is newbie and experienced traders friendly.

Happy Gold EA is still profitable since 2010 as it adjusts itself continuously to the market, it keeps working programmed with 100% market evaluation and implementation. The EA XAUUSD best settings comes with it, all of which are editable to be improved according to the trader's requirements.

99.90% optimization in MT4 was used by the EA developers to code and refine it for the best stability and profits.

Happy Gold EA gets active making trades during certain hours, the price direction for which was previously analyzed and determined by the EA algorithms.

It allows setting the desired risks for trading and profitability, it opens trades every day.

More than 89% success is guaranteed by the software creators with verified results while very rare conditions during which the EA may fail exist.

Trading Idea
Happy Gold EA uses trend strategy with modified ZigZag indicator, that best works on XAUUSD in M30 chart.
Currency Pairs
XAUUSD (GOLD)
Timeframe
M30
Backtests
Available in the Happy Gold Review
Live Performance
Available in the Happy Gold Review
Last Updated On
Fri Jan 12th, 2018
 
Rating: 4.85/5 (70 vote(s) cast)

Official Website  EA Full Review

Forex Pulse Detector has manual trading capability through its integrated Hybrid System (BUY and SELL buttons), then the trade after being launched manually, it is managed by the robot's trading system.

This hybrid System is helpful for moderately experienced traders who can feel the market reversal themselves, but still unable to manage the open trades.

Hybrid System is recorded in action in the video and it is making profits of 300 pips a week using manual trading.

Beside being fully automated and customizable, user friendly, co-operative with other simultaneously trading expert advisors and compatible with all brokers, Forex Pulse Detector has many other interesting features, the most of which are:

  • Intelligent account and money management system.
  • Advanced loss recovery system.
  • High Spread and High Slippage protection system against unfavored market conditions.
  • Broker protection system against those trying to fraud.
  • Hidden TakeProfit and StopLoss from the broker (prevent hunting).

Trading Idea
Scalping and grid with multiple built in indicator sets for market reversal precise detection and special algorithms for the highest accuracy on its compatible low timeframe (M15) causing higher trading activity with faster profits as in the backtests and live trading performance results.
Currency Pairs
GBPUSD and EURGBP
Timeframe
M15
Backtests
Live Performance
Last Updated On
Mon Jan 01st, 2018
 
Rating: 4.79/5 (249 vote(s) cast)

Official Website  EA Full Review

After Ray Scalper developers have made many researches in the field of ray tracing, they finally could implement the concept into Forex trading via this EA which doesn't ignore the requirement of short term gains of the majority of traders. The EA includes a perfect portfolio diversification via a unique trading strategy that is unmatched among other currently commercially available Expert Advisors.

According to Ray Scalper trading strategy concept of ray tracing, Support / Resistance levels are considered as objects after being calculated using Fibonacci levels, weekly classical Pivots and other standard methods. The EA closes every 15 minute bar and shoots out rays in both long and short directions. It places a default target price (H1 ATR) at a distance of about 6 hours. If some Rays were able to touch the target without cutting across any calculated Support / Resistance level are considered good trading opportunities by the EA which then opens a long or a short trade guided by the best possible ray's direction. StopLoss is then placed at 4x the H1 ATR. This gives enough space for the EA to close trades which take more time to work in its favor.

This is a highly versatile entry logic for Ray Scalper developed and implemented by Phibase which enables the strategy to handle both low and high volatility price actions much better than the prior EA versions.

The scalping strategy of the previous version 2.0 is excellent but it only makes larger gains during certain winning phases when favorable price actions exist, which occurrence time is highly impossible to predict. The current Ray Scalper version 3.0 distributes gains better fairly with preserving the EA scalping nature. The EA Risk : Reward ratio which is 5:2, was the major of the Ray Scalper earlier versions cons which was solved via version 3.0 strategy and trade management system and it now delivers a Risk : Reward ratio of just 3:2 with a success rate maintained above 68%. The difference in the EA performance between some brokers was also reduced by the new strategy.

Trading Idea
Ray Scalper core trading strategy is the concept of Ray Tracing on M15 / H1 trading range channels & Fibonacci levels. It never performs martingale nor pyramiding neither pending orders.
Currency Pairs
EURUSD
Timeframe
M15, H1
Backtests
Available in the Ray Scalper EA Review
Live Performance
Available in the Ray Scalper EA Review
Last Updated On
Thu Dec 28th, 2017
 
Rating: 4.9/5 (995 vote(s) cast)

Official Website  EA Blog & News  EA Full Review

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
Wed Dec 20th, 2017
 
Rating: 4.77/5 (240 vote(s) cast)

EA Full Review

Professional Trading Portfolio is simple and adaptable and it is a completely automated portfolio.

Benefits Integrated in the Portfolio

Money Management: Modified to work with both systems and is adjustable to meet the personal needs of each individual trader.

Advanced Money Management: MM formula is so useful for trading small accounts to grow at fast rate. It's a especially developed formula not a Martingale and aims to compensate for aggressive traders who are friendly with big swings on their accounts. With it the portfolio developers team were able to grow an account 918% in just 4 months.

Free Expert Advisors: Strategy codes (.ex4 files) for MetaTrader 4 which will be ready for automated trading with the Portfolio in not more than 5 minutes.

Revealed Trading Rules: All the trading rules of the systems are included in the portfolio with the concepts upon which the systems were coded.

Trend Filter: It originally comes with Professional Breakout Trading System and it's a custom trend indicator that filters out the trades to enhance the system performance.

Reversal Detector: It originally comes with Professional Reversal Trading System and it's another special custom indicator that enables registering on a trend reversal.

Stop Loss: A stop loss level is assigned for each trade for safety and trading confidentially.

Adaptability to Volatility: The portfolio calculated values including the stop loss level are based on the markets' most recent volatility to adapt for the ever changing market conditions.

Manual Mode: This enables manual trading for those who prefer own mind calculations, simple worksheets are included on which the systems signals can be calculated in a few minutes per day.

Platform maneuverability: Manual trading creates system signals that can be used for trading on every other platform like TradeStation, TradeNavigator, NunjaTrader, MultiCharts, Metastock, MetaTrader ect.

Trading Idea
Professional Trading Portfolio is a merge of both Professional Breakout Trading System and Professional Reversal Trading System to work together, they are totally automated Forex systems coded for Metatrader4 platform.
Currency Pairs
EURUSD
Timeframe
H1
Backtests
Live Performance
Last Updated On
Mon Dec 11th, 2017
 
Rating: 4.8/5 (243 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