Forex technical analysis is the study of market behavior mainly via the MetaTrader charts to predict future price trends. Various technical analysis tools including market trend, volume, range, support and resistance levels, chart patterns and indicators, as well as conduct a Multiple Time Frame Analysis using different time-frame charts, can be used to develop Forex trading strategies.
The Technical analysis strategy is an important way to evaluate assets by analyzing past market actions like past prices and past volumes. It is not to measure the asset's underlying value, but mainly to determine patterns that could help to recognize and predict future market activity by the use of charts or other tools of technical analysis firmly believing is that the historical performance in an important indicator of the future performance of markets.
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.
Inertia Trader v1010
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 form 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.
As the fundamental market principles form 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.
Forex RobinVOL v3.0
Forex RobinVOL trades volatility breakouts and their retracements. It's not a scalper and opens additional trades whenever matching the first entry conditions, up to a preset count of trades which is 8 by default, and just trades at bar open.
Currency Pairs
AUDJPY, AUDUSD, CADJPY, EURAUD, ...
TimeFrame
M1, non-standard timeframes are supported..
PowerfulForex is a non-indicator dependent Forex robot - uses no indicators in its algorithm, but computes the entry and exit points according to its precise analysis of the market movement in the past days.
Manhattan FX is a breakout based Forex robot without any martingale, arbitrage or grid strategies involvement.
Benefit EA v2.46
Benefit EA automatically sets TP on a minimum number of points of the price without being discovered by the broker until all trades are closed with the ability to open the next series order manually then the EA will calculate the potentially profitable TP for the entire series and continue to work according to its core algorithm.
Currency Pairs
EURJPY, EURUSD, USDJPY, USDCAD, ...
TimeFrame
M1, M5 and M15.
Scalp Trader PRO monitors and detects trends on the MT4 chart using moving averages, price action, and some other powerful tools ignoring weak trends and looking only for the strong ones.
Once there is a potential kick in an opposing direction, the system will use its meticulous intelligent algorithm to scan and analyze it and determine if it's just a temporary move or not and signals a continuation pattern starting.
It generally trades every week, but sporadic days with no trades can exist, this is how it avoids unnecessary risk for the account.
Once there is a potential kick in an opposing direction, the system will use its meticulous intelligent algorithm to scan and analyze it and determine if it's just a temporary move or not and signals a continuation pattern starting.
It generally trades every week, but sporadic days with no trades can exist, this is how it avoids unnecessary risk for the account.
Currency Pairs
EURUSD
TimeFrame
M15.
Forex Steroid is a breakout and trend detecting trader searching all the time for market's exploitable opportunities by the use of its unique adaptive trading logic to make as much profits as it can from them.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.
No martingale, grid, averaging or arbitrage tactics are involved. Its trading frequency average is about 4-5 trades a day.
It employs a micro channel breakout strategy and scans the lower timeframes, so once a breakout occurs, the robot automatically opens a trade with a 200 pip SL and carefully manages it until its closure on average win of 11 pips or average loss of 21 pips. The EA sends its trading signals via a MySQL database.
Channel Trader PRO not a high frequency scalper as on average it trades about 200 to 300 times a year. It focuses on short term trades to smartly enter and leave the market harvesting its profits with limited exposure to rapid market movements.
It implements the successful Forex trading behaviors including emotion, verifications, trade management, money management, and market awareness into its trading strategy.
Channel Trader PRO not a high frequency scalper as on average it trades about 200 to 300 times a year. It focuses on short term trades to smartly enter and leave the market harvesting its profits with limited exposure to rapid market movements.
It implements the successful Forex trading behaviors including emotion, verifications, trade management, money management, and market awareness into its trading strategy.
Everex Elite v2.1
It opens positions on major support / resistance levels, and manages them with an intelligent and adaptive StopLoss system. No martingale, no grid, only in trades for less than a minute!
It's a breakout trading system that calculates entry points according to the market trend support / resistance levels detection and analysis, it applies no martingale, no grid and no arbitrage trading
Based on a special statistics concept, Swing Trader PRO keeps a linear model track of trading price action, what's called Linear Regression that determines the price action bouncing range and its flowing direction. This is very similar to trend trading, but much more sophisticated, and highly precise.
Currency Pairs
27 different currency pairs (see ...
TimeFrame
H4, D1.
CabEX EA v2
Trend following and retracement. If moving averages confirm the required market conditions, price action is used to generate trading signals.
Currency Pairs
GBP/USD
TimeFrame
H1.
A trend following system just as the Turtles used to trade.
Forex IMBA uses a fixed lot size, doesn't use martingale in its trading, and has a drawdown control capability.
A reversal trend trader that employs a well configured group of reliable indicators to predict the exact time of the trend impending death, momentum loss and the cutting edge of a new direction of that trend.
The next step before starting a trade is to compare such an opportunity to price action for verification, this confirms an impending reversal of the trend direction.
Then the trade entry becomes so favorable and that trade is highly promising and the system puts an order.
The next step before starting a trade is to compare such an opportunity to price action for verification, this confirms an impending reversal of the trend direction.
Then the trade entry becomes so favorable and that trade is highly promising and the system puts an order.
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