Technical indicators are calculations based on a security price and volume. They are used both to confirm the trend and the chart patterns' quality and to help to determine the buy and sell signals. They can be applied separately to form buy and sell signals, or used together in addition to chart patterns and price movement.

Technical analysis indicators can generate buy and sell signals through moving average crossovers and divergence. Crossovers express when price moves through the moving average or when two different moving averages cross each other. Divergence express when the price trend and the indicator trend move in opposite directions indicating weakness of the price trend direction.

Not all of the technical indicators are widely used in the Forex systems. The ones of utmost importance for developers and at least one of them is used to develop their trading strategy are the following:

  • Moving Average
  • Bollinger Bands
  • Relative Strength Index (RSI)
  • Stochastic Oscillator
  • Moving Average Convergence/Divergence (MACD)
  • ADX
  • Momentum

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.

Currency Pairs: USDJPY, USDCHF, & EURUSD
TimeFrame: M1
Updated On: Sat Apr 1st, 2023
21 total votes.

WallStreet Forex Robot 3.0 Domination is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.

Currency Pairs: GBPUSD, EURUSD and USDJPY are Recommended! USDCAD, USDCHF, AUDUSD, NZDUSD and EURJPY are Also Supported but Broker Spread Dependent! BTCUSD and ETHUSD with WallStreet CRYPTO!
TimeFrame: M15
Updated On: Wed Jan 11th, 2023
1238 total votes.

Instead of looking at signals on your chart just run Instant EA with your indicator and it will automatically trade, manage, and close your trades.

Instant EA allows you to

  • Back-test your indicators rapidly, test settings, and optimize.
  • Run your indicators on live and demo accounts automatically (no more sitting in front of your computer for hours on end).
  • Convert your indicators into fully automated Forex robots.
  • And so much more.
Currency Pairs: Any
TimeFrame: Any
Updated On: Fri Dec 23rd, 2022
15 total votes.

In order to spot trends in the markets, the Easy Money X Ray Robot makes use of a proprietary quad indicator system that is composed of four indicators that are used in combination to determine the best entry points.

Currency Pairs: EURUSD, GBPUSD, & XAUUSD
TimeFrame: Any
Updated On: Wed Dec 21st, 2022
9 total votes.

Happy INDIcators PRO pack is a group of indicators that can determine a certain currency's future movement direction. This integrated mix of a variety of indicators can help to achieve stable profits in Forex trading.

Currency Pairs: EURUSD
TimeFrame: H1
Updated On: Sun Dec 18th, 2022
67 total votes.

FX Eternals Trading is based on Long-term profitability with the drawdown algorithm according to risk setting.

Currency Pairs: USDCAD
TimeFrame: H4
Updated On: Mon Dec 12th, 2022
17 total votes.

USDJPY pair is continuously scanned by the Happy Japanese Market's indicators all day for trading inputs based on the indicator methodology.

Currency Pairs: USDJPY
TimeFrame: D1
Updated On: Thu Nov 10th, 2022
23 total votes.

Gold Trader runs completely automated and manages the GOLD investment by capitalizing on the volatility movements of GOLD.

Currency Pairs: XAUUSD
TimeFrame: Any
Updated On: Wed Sep 21st, 2022
17 total votes.
Happy Gold uses a trend strategy with a modified ZigZag indicator, that best works on XAUUSD in the M30 chart.
Currency Pairs: XAUUSD (GOLD)
TimeFrame: M30
Updated On: Wed Aug 24th, 2022
5353 total votes.

FXTrackPRO Expert Advisor works with 3 different types of indicators at once. The interesting thing is that the EA does not use them simultaneously to determine an entry point, it uses them based on a certain algorithm.

TimeFrame: H1
Updated On: Sat May 14th, 2022
17 total votes.

AX Trader is a High-Frequency Currency Trading Forex Robot coded with a unique hybrid strategy that utilizes Fibonacci and trend following.

TimeFrame: Any
Updated On: Thu May 12th, 2022
35 total votes.

Happy Forex secures positions using grid strategy without increasing lots (no martingale). It also uses technical analysis (indicator) for safe entry into the market with a News filter.

Currency Pairs: Using Settings 1: GBPUSD, and AUDUSD
Using Settings 2: GBPUSD, EURUSD, and AUDUSD
Using Settings 3: EURCHF, and AUDUSD
TimeFrame: H1
Updated On: Mon May 9th, 2022
2366 total votes.

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.

TimeFrame: Any
Updated On: Sat May 7th, 2022
19 total votes.

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.

Currency Pairs: EURGBP
TimeFrame: H1
Updated On: Wed May 4th, 2022
4 total votes.