From 19 to 36 of total 38 EAs

Forex Indicators

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
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.

Visit FXParabol Website
4.9/5
21 total votes.
Last Reviewed On:
Fri, 23 Dec 2022

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.
Visit Instant EA Website
5/5
15 total votes.
Last Reviewed On:
Wed, 21 Dec 2022

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.

Visit Easy Money X Ray Website
4.9/5
9 total votes.
Last Reviewed On:
Wed, 21 Sep 2022

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

Visit Gold Trader Website
4.3/5
17 total votes.
Last Reviewed On:
Sat, 14 May 2022

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.

Visit FXTrackPRO Website
4.7/5
17 total votes.
Last Reviewed On:
Thurs, 12 May 2022

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

Visit AX Trader Website
3.9/5
35 total votes.
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.

Visit Atomic Trader Website
4.9/5
19 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.

Visit FX Classic Trader Website
4/5
4 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.
Visit Onyx Scalper Website
5/5
17 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:
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.
Visit Forex Zeon-X PRO Website
4/5
4 total votes.
Last Reviewed On:
Tues, 13 Mar 2018
FxMath Stochastic Trader employs multiple trading strategies working together, basically the trend / swing strategy.
Visit FxMath Stochastic Trader Website
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:
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.
Last Reviewed On:
Tues, 3 Jan 2017
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.
Visit Inertia Trader Website
4.65/5
58 total votes.
Last Reviewed On:
Thurs, 2 Apr 2015
Forex IMBA uses a fixed lot size, doesn't use martingale in its trading, and has a drawdown control capability.
Visit Forex IMBA Website
4.81/5
40 total votes.
Last Reviewed On:
Fri, 27 Mar 2015
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.
Visit Forex Venture Bot Website
4.88/5
17 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.

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