Last Updated On
Sat Jan 11th, 2014
 
Rating: 4.49/5 (446 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
Timeframe
M15
Backtests
Available in the Forex Combo System Review
Live Performance
Available in the Forex Combo System Review
Last Updated On
Sun Dec 08th, 2013
 
Rating: 4.8/5 (364 vote(s) cast)

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Drive Gold is an uncommon expert advisor trading gold. It launches trading by opening two positions, one long and one short. Then more positions are included in the predominating trend direction whenever a movement of a certain price takes place. This is being ended by closing all the positions once the basket over them has reached a known profit, after that a new turn is launched.

Assuming that the gold price follows a trend is the base idea of Drive Gold trading strategy. If the gold price moves in a slowly increasing range, long and short positions are almost evenly distributed to disallow the close of the basket. A final closure of the basket may requires several weeks or even months till a new trend formation is made.

Trading Idea
Drive Gold is an expert advisor trading gold using the grid basket strategy.
Currency Pairs
XAUUSD, GOLDMI
Timeframe
M30
Backtests
Available in the Drive Gold Review
Live Performance
Available in the Drive Gold Review
Last Updated On
Sun Nov 24th, 2013
 
Rating: 4.47/5 (260 vote(s) cast)

Official Website  EA Full Review

Although sometimes more than one joint is open, in the same direction, Forex Earth Robot doesn't apply a grid martingale strategy, it incorporates a powerful money management strategy and tends to look for high quality available positions around the clock conserving optimum gains supported by minimum risk, it works will any Mt4 platform no matter what the broker is.

Trading Idea
Forex Earth Robot incorporates a powerful money management strategy and tends to look for high quality available positions around the clock conserving optimum gains supported by minimum risk, it works will any Mt4 platform no matter what the broker is.
Currency Pairs
EUR/USD, GBP/USD
Timeframe
M5
Backtests
Available in the Forex Earth Robot Review
Live Performance
Available in the Forex Earth Robot Review
Last Updated On
Tue Nov 12th, 2013
 
Rating: 4.6/5 (182 vote(s) cast)

Official Website  EA Full Review

The built-in indicators include classics as the RSI and the MACD while the money flow index and Bollinger bands and the Pro version can create grid strategies too. Moreover, there are 6 preset strategies (Light version two, Basic version four). It should be considered that each of the 6 strategies may use a martingale approach in some situations with up to 15 grid levels.

There are 3 main versions of FX-Builder EA:

  • Light: It allows you to build your EA via standard technical indicators that have a verified live trading results over 6 months.
  • Basic: Beside the light version features, based on candlestick patterns, it's able to use price action and bars, it has a verified live trading results over 7 months.
  • Pro: Beside the basic version features, it's able to build grid-based strategies, it has a verified live trading results over 6 months, it comes with over 200 parameters for seven separate indicators plus constraints from the areas money management, stop level management and trading times.

Trading Idea
FX-Builder is more than just an Expert Advisor, it's rally a constructor that gives you the ability to create your own EAs, while as an EA, each version trades using different strategies starting with the use of built in standard technical indicators passing through using candlestick patterns, ending with grid-based strategies.
Currency Pairs
All
Timeframe
All
Backtests
Available in the FX-Builder Review
Live Performance
Available in the FX-Builder Review
Last Updated On
Sat Nov 09th, 2013
 
Rating: 4.8/5 (255 vote(s) cast)

EA Full Review

Applying a Grid strategy, Forex Warrior opened trades in a certain direction; long or short, are gathered together, each of these groups is now a "basket", a market order is the first trade launcher, Forex Warrior then adds new trades to the existing basket using BUY LIMIT/ SELL LIMIT orders, these successive added trades are now the "levels". The Take Profit "TP" value is the same for all the basket trades, so the basket closes completely at once if the price reached this TP, then a new basket is to be opened.

Starting with the third level, new levels are opened with rising lot size in comparison to the preceding one, the real lot size is counted on that of the first level by guided by the user selectable lot multiplier, this enables Forex Warrior to trade in counter-trend regime and make large profits by closing the basket once the price trend started to fall back by the value provided by the TP.

In its core, Forex Warrior remains awake in the market 24/7, making profits from the prices up and down moves, able to combine trading in both short and long directions, why it uniquely maximizes the profits in an active market and attains a hedging effect when there is market trend.

Trading Idea
Forex Warrior is a Grid expert advisor, it remains in the market 24/7 opening long and short positions simultaneously applying a precisely selected martingale-based strategy.
Currency Pairs
GBPUSD
Timeframe
H1
Backtests
Available in the Forex Warrior Review
Live Performance
Available in the Forex Warrior Review