Ejike Currency Basket

Ejike Currency Basket compiles and analyses foreign exchange currency strength and volatility dynamics for the 8 major currencies. Its data are formulated from market prices and volatility. ECB visually cross-references its own reports to generate high probability trade pairs, the build-up to which is interactive that the trader can easily assume the role of Analyst. Its 28-pair real time monitoring involves a constant comparison of its current to past data. On adjusting a parameter, it will change from a dashboard to an indicator used for trade entry and trade monitoring.

The advantages:

  • focus in trading
  • precision data presented in numerals
  • simplified real time data analyses
  • interactive application interface and
  • capacity to recall historic data without recourse to the Strategy Tester.

The use of this tool brings relaxed approach to FX trading, improves trader’s confidence, focus and the precision of his/her trading decisions. Past data analyses are made possible by the use of the Strategy Tester to regenerate past snapshots of reports or by simply adjusting ECBindex parameter.

How it works:

  • The robot computes, synchronizes and cross references the X, Y, Z, LS, SR, and RR sections reports and then publishes to the filters, LSSRX and "F", a summary of Strength, Weakness and Opportunity for Trade ("SWOT") in relevant currency pairs. Its suggestions are reliable.
  • The Trader observes, confirms and uses ECBmini indicator to enter and monitor trades. This is easy in practice.

Indicator parameters

The first four parameters in the list of parameters are:

  • ECBindex - the candle or bar index that determines the position from which the strength computation and analyses are performed.
  • ECB Mode: Dashboard - the mode of operation of the application, when the value is set to true the application is in the ECB dashboard mode but when set to false the application goes into the ECBmini indicator mode. The dashboard is use for analyses while the indicator is used for trade management. It is recommended that ECBmini indicator is used on time frames M15 and M30 if Strength Computation Timeframe parameter is set to D1.
  • Strength Computation Timeframe - The time frame for strength computation and analyses.
  • Enable Automatic Refresh - The value of true means that data are updated automatically.

Apart from those displayed externally, crucial parameters have been optimized and configured to work internally and thus do not require further configuration by way of external inputs. For access to most of ECB information the trader may click on buttons on the application interface. When the trader arrives at the decision to take a trade, the second parameter in the list of parameters, "ECB Mode: Dashboard", is to be set to false to switch to the ECBmini indicator that is included to help the trader to NOT jump into trades but to anticipate “sweet spots” or points of entry. Trading this way ensures we can apply the method repeatedly. The trader is to “Enable Auto Refresh” by setting the very parameter to true otherwise he/she has to hit “F” or “LSSRX” button to refresh data manually.

New and Experienced Traders

For the new/inexperienced or the trader who does not wish to task his/her mind further when trading, this tool was designed to be used at any level of experience. Therefore, selecting the pairs displayed in LSSRX or "F" for trading and following the simple entry rule may be sufficient. But, while an experienced trader already knows the power of a well formulated system of currency groups, a new trader has the potential to learn. That said a trader should combine the reports of "Y" and "Z" to reinforce those of "F" and LSSRX. He/she will find this an easy task, for the objective of ECB is to keep FX trading simple as well as profitable. "Y" report shows "resilience" in currency pairs while "Z" report shows alignment of absolute strengths (i.e the numbers in brackets) ordered left to right as "L", "S" and "R". The trader may use ECB as described in product description screenshots. These are useful because the examples therein were observed live on April 3, 2017, from 15:04 Alpari Standard3 Server Time to 18:41 same day and by extension from 18:41 to 04:15 next trading day. Do well to visit developer's blog on mql5.com for more and more examples. Happy trading.

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Channel Trend Bands  MTF – A Comprehensive Indicator for Market Analysis MetaTrader 5 Version Simple to Use, Effective in Application User-Friendly and Suitable for All Traders This indicator stands out due to its straightforward functionality. Whether you're a beginner exploring the market or an experienced trader refining your strategy, this tool offers valuable insights. Using a Triangular Moving Average (TMA) with additional ATR-based bands , it provides structured market data to support w
M W Pattern Pro
Noiros Tech
4.14 (7)
M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hits TP
Extreme Value Sniper is a detrended price indicator  Indicator finds the potential reversal levels by checking value ranges and price cycles. MT5 Version of the product :  https://www.mql5.com/en/market/product/114550 It shows the overbought and oversold levels using the average range. Overbought Levels are between 4 and 10 Oversold levels are bewtween -4 and -10 Those levels can be used as a reversal levels. Extreme Value Sniper look for some special divergence and convergence patterns to c
TrendMaestro
Stefano Frisetti
4 (4)
Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
Ce produit a été mis à jour pour le marché 2026 et optimisé pour les dernières versions de MT5. AVIS DE MISE À JOUR DU PRIX : Smart Price Action Concepts est actuellement disponible à $200 . Le prix passera à $299 après les 30 prochains achats . OFFRE SPÉCIALE : Après l’achat, envoyez-moi un message privé pour recevoir un bonus gratuit + un cadeau . Tout d’abord, il est important de souligner que cet outil de trading est un indicateur sans repaint, sans redrawing et sans retard, ce qui le rend
There is always a need to measure if the market is "quiet" or it is volatile. One of the possible way is to use standard deviations, but the issue is simple : We do not have some levels that could help us find out if the market is in a state of lower or higher volatility. This indicator is attempting to do that : •           values above level 0 are indicating state of higher volatility (=GREEN buffer) •           values below level 0 are indicating state of lower volatility (=RED buffer)
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Forex Flow Equalizer is an indicator that helps to reduce 'noise' in forex price movements. Visit https://www.mql5.com/en/blogs/post/751167 for more detailed explanation. It is programmed to enhance traders' focus, and capacity to monitor or manage multiple instruments of interest on preferred timeframe without their minds being over loaded with data or information, thereby, saving them the mental strength for more important trading decision making. Range Mode: is for traders who like to trade
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