Heiken Ashi used to detect the trend. Heiken Ashi candle color on the respective timeframe. EA considers entering a trade. Heiken Ashi, and even martingale if the previous trade closed in negative profit. This Metatrader expert advisor is very similar to the Fluid expert advisor by the fact that its main functions are the same. To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend. This Metatrader indicator was designed to help trend traders trading with the trend.
The indicator also spots the swings and changes the color of the candles to help the trend trader spot the right entry for his trade. The Trend Trader indicator can be used for both identifying the trend as well as the trading and managing opened trades. Stochastic oscillator to confirm the trade entries. The trader can choose any other values depending on the traded pair. The trading signals are based on the intersection of the MACD’s signal line and the main line.
Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers. MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit. The Trailing Stop expert advisor can trail the price of a winning trade by using a multitude of options. The RobotFX Trailing Stop expert advisor will eliminate those frustrating situations when you close a trade earlier than you should and the price continues to go in your favor, or when you wait for to long and the price reverses, so your winning trade becomes a losing trade. The Donchian Channel MTF indicator can display the Donchian channel for any given time-frame which is higher or equal to the current timeframe. The trader has the option to set the timeframe of the Donchian channel and to choose whether the channel will be drawn based on the highs and lows of the candles or their open and close.
RobotFX OCO News was designed to trade news events in an OCO approach. Traders trading the news usually place two pending orders right before an important news event – that is the most known and profitable way to trade forex news – a buy-stop and a sell-stop. During and immediately after the news the price is likely to move in either direction, up or down, therefore triggering one of the pending orders. The One Cancels Other News expert advisor can open more than 2 opposite trades before the news time. RobotFX can place multiple pending orders at a distance of your choice from each other.
Also, it doesn’t miss the other important features that any good EA must have, like stoploss, take profit, breakeven, trailing stop etc. As you can see in the picture above, the EA placed three pending orders of each kind, longs and shorts. Once the price will reach the first pending orders, the expert will close ALL the other opposite orders. When choosing a FX EA trading robot it is important to understand how the fx robot trades, how it opens a trade and manages the opened forex trades. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. Forex has been in existence since the 70’s of the XX century.
It is a fast-growing and one of the most heavily traded markets in the world. The daily trading turnover on Forex is worth almost 4 trillion US dollars. Currency traders use these FX brokers to access the 24-hour currency market. Please wait for the countdown! Sorry, we seem to be having technical trouble.