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:
Sat, 7 May 2022

With the help of its built-in Forex indicators, Atomic Trader uses its unique algorithm to identify when the market is supposed to go up or down, then enters or closes trades on your behalf while you live your regular day.

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4.9/5
19 total votes.
Last Reviewed On:
Wed, 4 May 2022

Happy Frequency combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. The whole strategy is protected with a News filter.

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4.5/5
5 total votes.
Last Reviewed On:
Wed, 4 May 2022

FX Classic Trader swings between Support/Resistances with continuous indicators analysis & calculations by a really unique trade algorithm to decide when to close and open transactions.

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4/5
4 total votes.
Last Reviewed On:
Thurs, 17 Mar 2022
Omega Trend is designed on well-established rules that enable it to run both in up and down markets. Its core algorithm is based on the fundamental trading truism: Volatility equals profits.
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4.68/5
225 total votes.
Last Reviewed On:
Wed, 16 Mar 2022

As the name suggests, Forex Combo System 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.
 

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4.7/5
462 total votes.
Last Reviewed On:
Sun, 7 Feb 2021
The Onyx Scalper has an integrated trading algorithm combining a number of technical indicators that reveal data on currency charts to form an easy to read and handle trader's dashboard with distinct color-differentiated buy and sell trading signals that generate alerts sent via the trading platform pop-ups, SMS, and email.
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5/5
17 total votes.
Last Reviewed On:
Sat, 30 Jan 2021
FX Secret Immortal runs three Forex trading strategies combined in one system with perfect synergism and harmonical interaction.
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4.9/5
333 total votes.
Last Reviewed On:
Wed, 30 Dec 2020
Easy Walker FX is a night multi-pair scalper that trades in the Asian session period during the market's minimal activity. It never uses martingale in its trading strategy but nevertheless profitable in real trading.
4.13/5
16 total votes.
Last Reviewed On:
Sat, 14 Nov 2020
Funnel Trader EA strategy simply identifies short term trends and trades in their direction.
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4.77/5
87 total votes.
Last Reviewed On:
Thurs, 12 Nov 2020
The base core of Professional Breakout Trading System is the market model Volatility Breakout, it opens and closes trades within one daily session. It captures large daily movements in the short-term trend direction that is determined by a built-in Trend Filter.
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4.8/5
372 total votes.
Last Reviewed On:
Fri, 30 Oct 2020
Forex Zeon-X PRO built-in algorithms include a combination of technical indicators with money management, broker protection module, maximum spread and slippage filters.
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4/5
4 total votes.
Last Reviewed On:
Tues, 24 Jul 2018
The trading strategy of Forex Impulse Trader main idea is detecting the impulse then opening two trades at the same time and direction.
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4.79/5
60 total votes.
Last Reviewed On:
Fri, 22 Jun 2018
Forex Spectre is a trend follower EA coded with 3 different strategies but with many similar behavior aspects. Although proved profitable, further descriptive data about those strategies were not revealed by the EA developers and are still vague.
4.77/5
33 total votes.
Last Reviewed On:
Thurs, 14 Jun 2018
Happy Trend trades on high volatility including a News Filter. No martingale, no hedging, and no grid are included in its trading algorithm.
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4.8/5
25 total votes.
Last Reviewed On:
Tues, 13 Mar 2018
FxMath Stochastic Trader employs multiple trading strategies working together, basically the trend / swing strategy.
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4.94/5
194 total votes.
Last Reviewed On:
Fri, 12 Jan 2018
Forex Pulse Detector is a scalper and grid trader 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.
Visit Forex Pulse Detector Website
4.76/5
78 total votes.
Last Reviewed On:
Wed, 20 Dec 2017
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.
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4.78/5
242 total votes.
Last Reviewed On:
Tues, 8 Aug 2017
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.
Visit Forex Earth Robot Website
4.56/5
324 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.