The MQL4TradingAutomation Review
MQL4TradingAutomation provides programming services for MetaTrader-4 and MetaTrader-5. Their automated-trading software library contains MT4 & MT5 indicators and Experts Advisors (EAs). Anyone can join their website for free and test demo versions of their software. Note that the MQL4TradingAutomation website includes also interesting learning resources and trade strategies.
Their Software Solutions for Forex Traders include:
■ Trading Indicators for MetaTrader-4 and MetaTrader-5
■ Forex Robots for MetaTrader-4 and MetaTrader-5
■ General Utilities for MetaTrader-4 and MetaTrader-5
MQL4TradingAutomation Software Solutions
Their website is free to join and test indicators and EAs, but the fully-featured versions are commercial and must be paid (one-off).
(A) Metatrader-4 & Metatrader-5 Forex Robots
Expert Advisors for MetaTrader-4 and MetaTrader-5:
KELTNER PRO REVIEW SUMMARY
Foreign Exchange Robot: KeltnerPRO
Software Programmer: Jared Rybeck
Scalping: Scalping 5 pairs on M5 and M15 charts
Forex Pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD and USDCHF
Trading Platform: MetaTrader-4 (build 600 or later)
License: 1 Real Account License / Lifetime updates
Pricing: 199 USD for a Partial License or 499 USD for a Lifetime License
INTRODUCTION TO KELTNER PRO
KeltnerPRO is designed as a fully automated Forex trading system scalping 5 pairs on 2 timeframes, M5 chart for EURUSD and M15 for the rest pairs. The system works only on MetaTrader-4 and executes on average 1 trade per day. The system is programmed towards its long-term success and therefore chooses to trade very selectively. For some traders that may be considered as a disadvantage for some other traders the potential of constant profitability in the long-run is a serious matter and a top-priority. KeltnerPRO can operate in any PC with a good connection to the internet but the system’s developers recommend a VPS hosting running 24/7 for optimized performance.
NFA (US) Compliance: YES
KELTNER PRO PERFORMANCE (LIVE CHART)
KELTNER PRO ALGORITMH
KeltnerPRO algorithm is based on the principles of Keltner Channels. Keltner Channels is a technical analysis indicator applying a moving trend model and has been developed in the 1960s by Chester Keltner. Originally the Keltner Channels indicator was applied on commodities trading. The KeltnerPro trades within the Keltner channels using price reversals and by executing selective trades. The average won pips are about 30.
All trades are opened at the new bar open by using dynamic take-profit and stop-loss orders. KeltnerPRO applies trailing-stops within a system called Positive Profit Flow Lock (PPFL).
The EA is programmed to trade five (5) Forex pairs on multiple timeframes. In order to achieve optimized results the Forex Robot must be set as follows:
KeltnerPRO executes on average 30 trades on a monthly basis. The system is designed to take action only if a specific set of rules and conditions are met and that is why it may stay inactive for a whole week and then execute 5-6 trades in a single trading day.
FOREX TREND DETECTOR REVIEW SUMMARY
Foreign Exchange Robot: Forex Trend Detector
Software Programmer: The team of Wallstreet Forex
Scalping: Scalping the M5 chart using a low-risk volatility-breakout strategy
Forex Pairs: EURUSD (but it can trades other pairs as well)
Trading Platform: MetaTrader-4
License: 1 Real Account License / 2 Demo Accounts / Lifetime updates
Pricing: 247 USD
INTRODUCTION TO FOREX TREND DETECTOR
Forex Trend Detector is an automated Forex software for Metatrader-4, the EA is compatible with all MT4 brokers and all brokers using the ECN-type order fulfilment. The Forex Trend Detector uses tight management and profit protection via several filters. The system is designed to trade very selectively by accepting only trades with high Reward/Risk Ratio. The success of the EA is based on a volatility breakout strategy that is programmed to validate and to trade the breakout signs via statistical techniques and years of analysis in raw market data. Recommended setup includes a PC with 2 GHz CPU, 4 GB RAM, and operating system one of Windows XP, Windows Vista, Windows 7, Windows 8 or Windows 10.
Here is the Forex Trend Detector Live Performance
FOREX TREND DETECTOR ALGORITMH
The Forex robot is designed to trade exclusively EURUSD in the M5 chart but it can trades other Forex pairs as well. In the core of Forex Trend Detector EA is a polynomial algorithm programmed to adjust its parameters in real-time. There are many filters incorporated such is spread and slippage control, tight management and a drawdown compensation algorithm.
The Expert Advisor is programmed to open 10 trades maximum in the direction of the market impulse in at least 5 minute intervals. All trades will be protected by using tight management system (tight stop-losses and fair trailing-stops). In case of a false breakout, trades which will be closed at about 35 pips loss.
The Volatile Breakout Strategy:
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