Technical Analysis

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.

Last Reviewed On:
Thurs, 26 Dec 2024

The Men Of Wealth V3+ Ultimate trading robot uses Price Action Trading Strategies. These strategies involve interacting directly with the market price to place trading positions for Long (Buy) or Short (Sell) with high accuracy.

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4.7/5
713 total votes.
Last Reviewed On:
Mon, 23 Dec 2024

The Ultimate Pip Collector employs a combination of trend-following and countertrend strategies to adapt to various market conditions.

The EA uses a Dynamic Trading Logic, Advanced News Filter, Low Drawdown Technique, and Smart Money-Management Tactics to collectively contribute to its ability to provide a robust and reliable trading experience for both novice and experienced traders.

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4.9/5
617 total votes.
Last Reviewed On:
Sat, 21 Dec 2024

The Alita Pro Battle Cyborg uses a price action trading strategy combined with trading indicators. It is designed to automatically place, manage, and close trades1. The strategies include:

  • Scalping

  • Swing Trading

  • Trend Following

Visit Alita Pro Battle Cyborg Website
4.8/5
915 total votes.
Last Reviewed On:
Wed, 3 Jul 2024

A Forex trading system that combines two completely different Forex Strategies, called CORE1 (Trend Following) and CORE2 (MA indicator). Both systems use powerful drawdown control systems.

Visit FX Multicore Website
4.8/5
317 total votes.
Last Reviewed On:
Wed, 22 Nov 2023

Using Trend Matrix EA, traders can identify and profit from market trends. It offers a safe and reliable way to navigate the forex market with its Next Generation Loss Recovery System and reliable risk management tools.

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5/5
516 total votes.
Last Reviewed On:
Wed, 19 Apr 2023

Forex Enigma is a 3x innovative trading strategy in one algorithm (Scalp, Trend, and Half Grid) with a News Filter which greatly improves the efficiency of trade.

4.8/5
19 total votes.
Last Reviewed On:
Tues, 11 Apr 2023

The Skilled Trader has been developed to utilize and maximize the 3 secrets of successful Forex trading that will be discussed in this review. These 3 secrets actually work to allow the EA to beat the Forex market without being sabotaged by the broker it's trading on.

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4.7/5
55 total votes.
Last Reviewed On:
Sun, 9 Apr 2023

No indicators are used by FXConstant. Price movements are directly analyzed by the EA. Patterns are activated based on price movement specificity.

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4.7/5
21 total votes.
Last Reviewed On:
Fri, 7 Apr 2023

To a greater extent, a price in the Forex market has a certain amplitude of fluctuation - replacing an upward movement with a downward one.

Based on this principle, FXHelix collects recent data on price movements to find a deviation from the average rate of price movement during a certain period. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.

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4.4/5
17 total votes.
Last Reviewed On:
Sat, 1 Apr 2023

FXParabol uses a combination of two indicators in such a way as to detect a trend and determine the moment when to start trading in the direction of this trend.

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4.9/5
21 total votes.
Last Reviewed On:
Thurs, 30 Mar 2023

Without using a grid, martingale, or hedging strategies, Fund Trader approaches the market via a dualistic (2-step) process to determine when to enter and exit the market with profit.

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4.8/5
43 total votes.
Last Reviewed On:
Tues, 28 Mar 2023

FXQuasar Expert Advisor does not use indicators.

It works directly with quotes and internal algorithms for analyzing the current market situation, as well as analyzing price movements over the past few days.

Based on the results obtained, it decides whether to open a trade or wait and in which direction to trade.

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4.8/5
9 total votes.
Last Reviewed On:
Mon, 20 Mar 2023

Quick Scalp Trader identifies the trend with optimized moving averages, then determines an entry based on fractals and candlestick movement.

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4.8/5
27 total votes.
Last Reviewed On:
Sat, 18 Mar 2023

The cornerstone principles for Power Trader take into account price action, market volatility, and short-term trending.

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4.9/5
13 total votes.
Last Reviewed On:
Tues, 7 Mar 2023

XFXEA calculates an entry point by evaluating a certain number of bars in a unique way and then forms a critical range. Based on this range, determines how and when to start trading.

All this is done without using the principle of Martingale.

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5/5
27 total votes.
Last Reviewed On:
Sun, 5 Mar 2023

The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.

Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.

Visit FXTraderKit Website
5/5
47 total votes.
Last Reviewed On:
Mon, 23 Jan 2023

Patterns are formations of pricing that provide us with a graphical representation of what’s going on behind the scenes in the market, Pattern Trader PRO can recognize them and make trades based on their analysis.

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4.9/5
53 total votes.

Risk

Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.

Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.