One of the most famous candlestick patterns is the Engulfing candle. Engulfing candlesticks are considered a sign of a trend change and often appear late in the trend. The Engulfing candlestick is a pattern that is particularly popular with contrarian traders.
If you use the EA (automatic trading software) for MT4 introduced this time, you will be able to automatically trade the bullish and bearish engulfing candles and score profitable winning trades in the Forex market on a regular basis.
"Sell the highs and buy the lows" is the essence of FX trading.
Excess supply of currencies come and get sold. One of the indicators to determine overbought and oversold is the continuous positive and negative lines. If the positive and negative lines appear continuously, it may be overbought or oversold.
The EA (automated trading software) introduced this time is based on these ideas.
ATR is one of the widely familiar indicators. It is often used for volatility, but there are many other uses.
Here, a crossover system using the ATR is converted into an EA (automatic trading software or robot). In fact, the ATR can be used directly for trading also.
The CCI is an Oscillator indicator developed by Robert Lambert in 1980. Since then, the CCI has been loved by many traders.
This time, we will introduce a multiple timeframe version of the CCI indicator - “MTF_CCI”.
“Alligator” is an indicator developed by Bill Williams. It is so popular that it is a standard indicator in Metatrader 4.
But this time we will introduce an EA (automatic trading software) that makes use of such an alligator.
Breakout strategies have long been popular. The reason may be that breakout strategies are simple and the entry points are clear.
Also, depending on the breakout strategy, you don't even need any indicator in the first place. Most are based only on chart patterns and formations with a simple rule to enter once the price breaks out of a specific pattern.
In this article, we introduce a robot (automatic trading system) for MetaTrader 4 that is based on such a breakout strategy.
Bollinger Bands probabilistically analyze price fluctuations. There are many EAs (automatic trading software for MT4) that incorporate Bollinger Bands, but the EA introduced in this article uses the Bollinger Band in a special way for extra confirmation of trade signals.
This EA is based on our own strategy based on a unique set of principles and parameters (find it here). Continue reading to see how this robot for Metatrader 4 works and to download it for free.
The automated trading software (EA) introduced here is based on our trading strategy found here:
This trading strategy is a trend-following technique that combines the powerful MACD and PSAR indicators. Therefore, it is especially recommended for those who like trend-following methods and this robot will enable them to automate some of their daily tasks.
Results of optimization and backtesting. USDJPY hourly chart. “Period used to calculate MACD short-term moving average line = 8”, “Period used to calculate MACD long-term moving average line = 28”, “Period used to calculate short-term moving average line of signal = 13”, “Step = 0.06 "and" Maximum = 0.1 "apply. Other parameters are standard values. The test period is from September 1, 2016 to September 1, 2019
Scalping is attractive because it allows you to quickly take advantage of small but frequent price fluctuations.
However, scalping can be exhausting if you are doing it manually because you have to watch the monitor all the time. For this reason, we recommend using an automated trading software (EA) if you want to do scalping more efficiently.
This time, let's introduce “FXR_Scalper”, which is an MT4 expert advisor based on this scalping strategy found on our site here.
Among the many indicators, the “Heikin Ashi” is particularly characteristic. The average bar is an indicator born in Japan and incorporates a unique calculation method. Heikin Ashi is also popular with beginners because the entry timing is easy to understand visually.
This "HeikinAshiEA" is an EA (automated trading software) for the Metatrader 4 platform.
Parabolic SAR is one of the most popular indicators for beginners. The reason for this is because when the Parabolic SAR is used, entry timing, profit-taking, and cutting losses become easier and more precise. The MT4 EA (automatic trading software) combines the Parabolic SAR with the ADX indicator, which is useful for trend analysis.
This EA is based on our unique trading strategy. You can read more about it in our trading strategies section here:
The Fx Trading Revolution website introduces various FX trading strategies. The EA (automatic trading software) introduced this time is based on this "30-Minute MACD Forex Trading Strategy," which is one of the trading strategies published on this site.
The rules are slightly changed for this EA, but essentially, the strategy is kept the same. "Is this strategy working well?" If you have any doubts, please continue reading below where you can also download the EA for free.
Some people argue that the essence of trading is simplicity. These opinions cannot be denied, and it is not a good idea to make trading rules so complicated.
This Expert Advisor is the ultimate automatic trading system when it comes to simplicity. This MT4 EA uses two moving average lines to take trades. Read below to find out more and download this trading robot for free.
Trading with candlestick patterns has long been popular. Among them, the Doji line is not only easy to find, but can also provide a high win rate when included in a trading strategy. Trading using candlestick patterns is also highly recommended for beginners.
Here, we introduce an EA that is using Doji patterns for generating signals and taking trades.
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