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Amazing Indicators EA

The Amazing Indicator EA uses four proprietor indicators(two are visible).Three indicators determine the entry and the fourth (bands) determine bot the entry and exit. The bands are our invention and are different from bollinger bands and envelopes. They constrain the daily price range with a fair level of predictability. The bottom indicator is a simplified entry indicator that is both simple and extremely important which is the reason we have called this ea the amazing indicator EA. the indicator simply changes color once a day to eithey yellow or pink. Yellow for buy and pink for sell. It is so simple that.  The ea also seeks confirmation from 12 bar patterns normally during the asian trading session. 12 is the number picked because many algos and high frequency  EAs used by major institutions have a 12 bar constant embedded and this proves to be very fundamental and incereases predictability for breakup patterns.

We have described the trading methodology in the screenshots to increase transparency on the core principle of this ea. We also dont mind improving the trading knowledge of traders out there since we also learnt from others who were ahead of us. This will allow traders to eventually be able to use this ea and also be able to trade manually. However we see no reason for this as the ea will do the same thing and avoid mistakes commonly made by traders due to greed and fear. So we suggest you let the ea run with it. We recommend using fixed lot until capital is two or three times what youu invest. Then exponential lots can be made after this. If you practice discipline you might go further. Dont be greedy and grow slowly.

NB. During backtesting, you could use control points or open prices for faster testing. Results will not differ significantly from use of ticks model.This is due to the use of buy stops and sell stops.


Timeframe

The M5 timeframe is strongly recommended.


Currency

The ea works well with all currencies. However the major currencies are recommended as a start.



Risk management
  • Trend trading
  • no martingale
  • no hedging
  • no scalping
  • no news trading
  • no grid



Parameters
  • Fixed lot size -  the EA will trade using fixed lot size defined here. 
  • Fixed_lot -  the lot size will be defined by the capital in the account 
  • Increamental lot.  a lot size equal to what you define here will be placed for exponential increase of lot.
  • Magic reference. unique number to be assigned to your trades
  • modify takeprofit and stoploss- if you wish to manage your tp sl levels, you can enable or disable this option

Reviews 3
Aravind
6635
Aravind 2020.05.06 21:31 
 

Good

Crumsy
201
Crumsy 2019.05.11 09:37 
 

Forward tests are matching back tests, money management tests well. 4 Stars for the moment after 1 month will revisit to adjust rating based on performance.

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White Shark is a fully automatic Expert Advisor. It can actually outsmart a market by placing BUY and SELL orders when the requirements are met. It uses an advanced technology to place orders in the right time with the right lot. This robot is designed for beginners yet expert traders: Most of the inner parameters are hidden from user so that even a beginner will not mess up. You can download this Ea and back-test. I personally used a 99.9% real tick data for back-testing for an accurate result.
599 USD
TWO Direction MT4
Sugianto
Two Direction is specially made to trade correlation   between currencies   , both positive correlations and negative correlations. This expert is the result of many years of trading experience that has been applied as an expert advisor. At First, only for semi manual, like set n forget bot, but it can also be used as a scalper. You do the analysis in the morning of the Asian session, if there is a pair that can be traded, install the bot, use vps, and the rest of the bot will do its jo
500 USD
Money Printing Machine MT4
Caroline Huang
Important Note: the Selling Price of this EA will increase by 10% once 10 units are sold. Get Yours Now! Introduction True to its name... the Money Printing Machine (MPM) EA will make money in Uptrend, Downtrend, Ranging markets. The High-frequency trading algorithm will even allow for profiteering from forex rebates brokers i.e. RebateKingFX, PayBackFX, CashBackForex etc. Prices move in money markets and MPM is designed to capture and profit from these movements. MPM does not rely on ind
1 000 USD
Latency Arbitrage by Ai2Fx
Thara Tantitaranukul
Ai2 Arbitrage Latency   use for strategy "Latency Arbitrage". This EA very user-friendly and easy to use with the risk management module to protect your port, hight speed algorithms to gain the opportunity to make a profit and intelligent trailing stop-loss. Note# We are not provide a name of brokers but please read full idea and setup at  https://www.mql5.com/en/blogs/post/734298  have some advice. Demo version   https://www.mql5.com/en/market/product/47417 EA Highlight - Advance algorithm c
399 USD
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Crumsy
201
Crumsy 2019.05.11 09:37 
 

Forward tests are matching back tests, money management tests well. 4 Stars for the moment after 1 month will revisit to adjust rating based on performance.

asaens15
2143
asaens15 2020.02.02 05:00 
 

User didn't leave any comment to the rating

Aravind
6635
Aravind 2020.05.06 21:31 
 

Good

Reply to review
Version 1.1 2019.05.10
Update made to make special bands display sooner/instantaneously.