Skip to main content

Posts

Showing posts with the label moving average

2 MA Candlesticks

The 2MA Candlesticks is an indicator that paints the candlesticks on the chart depending on the intersection between two given moving averages (exponential, simple etc) that can be defined by the trader. In the example below, we've attached to the chart two moving averages that we use to determine the price movements. These are the 30 EMA and the 55 EMA.
They can be used in a multitude of ways, however they do take space on the chart and the candlesticks look the same. Many traders find the often change in color distracting. To avoid this issue, we've attached the 2MA Candlesticks indicator on the chart and removed the two moving averages. Of course, the settings for the 2MA Candlesticks indicator are the same as the 2 moving averages (30 ema and 55 ema).
Notice how the chart became much clear and the price action way more obvious. We got rid not only of the 2 MA occupying visual space, but also the original candlesticks colors.
You can download this Metatrader indicator free …

Trailing Stop Expert Advisor

The Trailing Stop expert advisor has been created to help traders manage winning trades and baskets of trades, by trailing the price once it goes in the trader’s favor. The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. While sooner or later every trader learns how to spot the trend, when to enter a trade, what forex news to trade and so on, many traders are closing their trades when they shouldn’t.
It often happens that traders get too greedy or too scared and so they poorly manage an opened trade. Unfortunately, managing an opened trade is much harder than opening a trade. When this happens, the winning trade is usually closed:
Too late, after the profit decreased considerably or even became negative profit (loss)Too early, before the trade’s profit will reach its highest amount possible Using the RobotFX Trailing Stop expert advisor for Metatrader, traders can cash in safer without having to continuously monitor thei…

Heiken Ashi Expert Advisor

The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader. It can detect the trend - if the trader chooses so - and trade accordingly, meaning that the EA will only buy if the trend is up and/or only sell if the trend is down. The trend itself is decided by the Heiken Ashi color on the higher or current timeframes. It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe.

To better understand better how this trend trader with hedging abilities works, please take a look at the picture below.
In the trading chart above, the Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi color is green (up) on both of these timeframes. The type of Heiken Ashi candles can be customized by the trader, who has the possib…