Skip to main content

Posts

Showing posts with the label metatrader

Background Candles (multi time frames)

The RobotFX Background Candles MT4 indicator can draw (in the background) the candles formed on any higher time frame, right behind the actual frame candles on the current timeframe. In the chart below one could trade on D1 (the background candles drawn by the indicator) and spot the right entry on the actual frame candles, H1.
This MetaTrader indicator eliminates the need for many other indicators (daily open, daily high/low etc) and it is useful because it allows the forex trader to spot the price action and the trend formed on the higher time frames. It is especially useful for those trading with the trend and/or traders trading daily open (etc).
Sometimes it is necessary to check the higher time frames in order to establish the trend direction, or to switch to the lower time frames to enter a trade on the right moment. You can download this RobotFX MT4 indicator for free from here.

Fluid Expert Advisor

RobotFX Fluid is a MetaTrader expert advisor capable of detecting the trend, opening/closing trades only within a defined price movement (at precise entry/exit levels), manage winning trades as well as recovering a lost trade.
The idea behind the RobotFX Fluid expert advisor is not only to spot the trading signals and open trades at the exact right moment, but also to help the traders with their money and trade management. This is where the 95% of the traders fail in forex. They have been indoctrinated with the necessity of using a stoploss and precise take profit targets, risk/reward ratios etc. Ask yourself this:
“If 95% of the traders are losing their money, do I really want to follow the same rules they do?!” That question should be the first thing to cross your mind when following anyone else’s advice, strategy, or even when you buy a trading tool such as this. It is well known that only a small percentage of the traders are successful in this branch. That is not only because mos…