Monthly Archives: February 2014

Review on 20pips Indicator

Around two months ago, I requested from my friend to make mtf of this indicator as elite member. This is really helpful and it doesn’t retrace and redrawn. It is excellent for signal generations and particularly for the new Forex traders. In my opinion, 20pips daily at the end of the year would assist a lot.

20pips-indicator-review

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In the diagram above, you can observe the usage of this indicator. If it crosses, you will wait for the candle to close and enter at the next bar. You should never get the signal/entry when it does not cross at the middle. The reason is that it serves as a retracement and the brokers can’t do anything about it. You can optimize the settings for one hour time frame too. But, it needs some modification so that you can know that there a way by which you can stop to enter in wrong trade. I am going to use it now and I will tell you this is a guarantee for 20pips.

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QuickFib Indicator Free Download

QuickFib is an interesting indicator that can automatically update fibo levels using lowest low and the highest high in the presently noticeable portion of your chart. It illustrates the high/low of a trend as well as pullback points. I am fond of this indicator as it is very user-friendly. It as well draws two trend lines:

quickfib-indicator-review

1. Resistance line (from the highest high to the high that makes the trend-line with the highest slope, and the corresponding opposite).

2. Support line.

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As a result, you obtain Fibo retracement lines and all trend lines will be drawn automatically for you. It plots Fibonacci retracement levels on the MT4 charts and automatically calculates the 23.6%, 38.2%, 50.00% and 61.2% level for every currency move. This awesome indicator is highly recommended if you like to purchase dips in an uptrend or sell rallies in a downtrend. You can use it in conjunction with other trading tools to identify you entries.

Trading Signals:

BUY: In uptrend: You wait for the pair to fall back to the 38.2% level and look to buy.

SELL: In downtrend: You wait for the pair to rally back to the 38.2% level and look to sell.

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NMi Momods Night Scalper Free Download

NMi Momods Night Scalper is extremely secured version protected by MQLock and additional proprietary NMi measures. This version includes modified exit strategy that permits the trades to be exited prior than the earlier version. It can be constantly optimized for current market conditions. News filter has been added to avert trades from being placed on pairs related with scheduled news events near or during the trading window.

 

Momods-night-scalper-review

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You can use it for longer trading hours. You will decide on pairs that are set to trade outside pre-Asian session. This will broaden your horizons of trading hours and conquer (partially) the subject of high spreads that might affect a number of trades during pre-Asian session. If you want to use NMi-Momods Night Scalper for free, you’ll first require registering your details to get a NMI Expert Gateway account. After completion of registration and account confirmation, you can login to your NMi Experts Gateway account using your email and password.

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Free Download Wall Breaker EA

Wall Breaker EA can trade breakouts while taking present support and resistance level into account. The EA is aimed to profit from smaller price movements rather than long term trends. You can expect about 200 trades per year. The recommended currency pairs are EUR/USD, and GBP/USD. It is best to use H1 chart and all sessions are permitted to trade. It can be operated in an automated, semi-manual as well as manual mode.

wallbreaker-ea-download

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It gives a difficult money management with three dissimilar settings. First option permits to set a fixed risk per trade as a proportion of the account balance. On the other hand, second option allows setting a fixed amount plus an amount of the accumulated profits while option three allows setting a fixed lot size. Every option allows independently settings for long and short positions. You will get 15-pages manual that explains in detail the installation and set up of Wall breaker EA, the input parameters as well as their impact.

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Profx 2.0 Trading System Free Download

Profx 2.0 is a good trading system that can help you to maximize your profit. You can collect it for only $110 and the professional systems start at $990. It is not a repaint system and filter looks good. When the market is in a fixed rage, you should ignore the upcoming entry signals as long as the price is in the range. You will set indicator range as: 10:00 7:00 to 7:00 24:00. I am doubt too as the manual in the website was updated in 2010. It would be good to observe what is in the present one.

profx-2.0-indicator-review

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I am going through their trades, trade by trade for each month. A good number evident I’ve ever seen.

1. Closed in profit where the market did not arrive at at the time stated.

2. The trade time shut is dated and the day before it was opened.

3. Entry into trades was 1 bar before the real signal, crystal ball.

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MetaNeural VSA Trade Assistant Free Download

MetaNeural VSA Trade Assistant is a very useful trading system that can be used for any market while it takes time to master. This great system has been developed for those who have not yet mastered the VSA setups but still would like to use these powerful tools to earn money. VSA setups used are very precise but make the maximum probability for success out of any VSA bar arrangement. You can emphasize it so that it diverges from conventional VSA to such a degree that it should actually be called by an innovative name.

MetaNeural-VSA-review

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This great EA is looking for the levels produced by our support and resistance indicator to find out TP and SL and reinforcing trades. It is not a usual support and resistance. It is derived based on the principal that earlier signs of strength or weakness as well as based on volume and spread configuration. It can generate levels of support or resistance, unlike the usual idea of support and resistance which are about psychological levels or trend lines.

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Super Trend Profit Indicator Free Download

The Super Trend Profit indicator is an integrated and commanding tool that has great prediction capabilities is now available in the forex market with the aim of changing the stressful way we all learned to trade. With this unique trading tool, you can now precisely predict every new trend before it even occurs. It enables a trader to produce100-200 pips on daily basis. This is absolutely amazing and easy to use.

supertrend-profit-indicator-download

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Super Trend Profit Indicator will certainly make your trading more pleasant then ever in the history of forex.  This indicator is around 85-90% accurate and rarely gives false signals. You can use this indicator for ALL Stocks, Currencies/Forex, Commodities (Oil, Gold, Natural Gas, Silver, etc) and all Bonds. You don’t need to learn anything new with Super Trend Profit Indicator. It is suitable all users both novice and professionals. In my opinion, it can be considered as one of the worlds easiest to use indicator tools ever designed!

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Puzzle Arbitrage Hedge EA Free Download

We are dedicated to collect true forex reviews on various Forex robots. I have reviewed a few numbers comments on Puzzle Arbitrage Hedge EA. In my opinion, this system is not promising as it uses master and slave brokers to think about delay for data release and scalp 1-2 pips. This system can be good in short term but in long term can destroy all the accounts. So, you can use this EA for short term profit. But, this EA is very expensive. An arbitrage that can open order more than 2 minutes works well on IKTRUST & GKFX. It is also very successful for trading in volatile markets.

Puzzle-hedge-EA-review

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It is essential for you to find a broker that does not care about your trading strategy.  I would like to recommend ECN brokers. I have seen that min Level 4 is a good and safe value. This will make smaller amount trades, but most of them will be profitable.  Every time, the real challenge will be to discover a suitable broker.

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Modified MBFX Indicator Review

MBFX Indicator has been recently modified to improve its performance. I would like to share this modified version in this post. I am still using this modified version of MBFX indicator-really it’s incredible. I have got about 300 pips on Thursday and Friday on about 6 trades, with no losses and little draw down. But, you have to monitor the charts frequently and it can take a bit with many pairs. Even you cam further modify it in order to get good Alerts that would be truly appreciated. I’m using the following rules to watch out for a trade:

mbfx-indicator-review

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BUY

1. When price is touching green line

2.  When timing is yellow

3. When center of gravity is pointing up

SELL

1. When price is touching red line

2. When timing is yellow

3. When center of gravity is pointing down

I’m using a lot of pairs such as GBPJPY, USDNOK, AUDUSD, etc.  You can use 4H time frame. However, I’m also using an EA to get screenshots on each new bar (in 1h) to examine how the center of gravity moves.

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