Skip to main content

Posts

NonLagMA Expert Advisor

The RobotFX NonLagMA expert advisor is a trading tool designed for traders trading with the trend and whose forex trading strategy is defined by the “trend is your friend” motto. This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. The EA can detect the trend and trade accordingly, as well as hedge and recover the losses from a losing trade. Of course, classic stop-loss, break-even and trailing stop are also possible.
The trend can be defined by the color of the trend nonlagma, the price position regarding this nonlagma or both (see pic above) of these options. For the EA to consider closing a trade or a basket of trades at the non-lag moving average signal, the profit must be higher or equal to the MinProfit.

Technically the RobotFX NonLagMA EA can:

1. detect the trend (uses the nonlagma indicator color, price position or both)
2. enter (or exit a winning trade/basket) on the nonlagma indicator signal
3. trails the price…

Renko Expert Advisor

The RobotFX Renko Chart is an expert advisor that allows the creation and use of the renko bars charts on Metatader. As you probably know already, the Metatrader doesn’t have renko bars, its defaults being candlesticks, line and bars.
Before you load the EA on the chart it is recommended that you switch to the M1 time-frame and uncheck the autoscroll box (see above). Then keep pressing the Page Up button on your keyboard so the chart will scroll back a few months to load the history data. By default, the Renko EA will build renko charts of 10 pips bar size. You have the possibility to change the bar size with any other value (in pips) you want or use the automatically calculated ATR bars.
Don’t forget to click the MetaTrader’s AutoTrading button. After the expert advisor loads on the M1 chart and creates the offline renko bars chart (default timeframe is M2) you should see the instructions in the left corner of the M1 chart. Now click the menu File > Open Offline and choose the M2 …

Auto Recovery Expert Advisor

RobotFX Auto Recovery is an expert advisor designed to recover the loss of a losing trade by opening an opposite trade, or more, if it’s the case. If you are familiar with, this is the trade management part of the RobotFX Fluid EA, with less features (HedgeZone). A very simple but effective way to hedge a losing trade so it will close if not in profit, at least at break-even. Basically it is a hedging expert advisor for MetaTrader.
Technically, the Auto Recovery EA places an opposite pending order at the Recovery Zone distance (in pips) from the opening price, using a higher lot size. This replaces the classic stoploss which, when hit, leads to a loss. If the price doesn’t go in your favor - and so TakeProfit is not reached to close the trade - but instead reverses and hits the pending order, that pending order becomes an active order. At the same time, the EA will open another pending order, at the same level with the first one and of the same kind, but with (again) a higher lot size…

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…

Grid Expert Advisor

The main purpose of the Grid-X expert advisor is to trade in a grid manner, meaning to open more than one trade. The difference, compared to other grid expert advisors, is that the RobotFX Grid expert advisor can also open its trades based on the price action. Even more, if the price reverses, the EA can hedge by placing opposite pending orders at a given distance, with higher, lower or equal lotsize than the initial trades. So, depending on the trader’s needs, this grid expert advisor might be better than all the others.
The RobotFX Grid X was designed not only to open a determined set of grid trades, following the classic forex grid trading strategy, but also to detect the trend, the trade entries and to hedge. While trading with the grid, traders often increase the lotsize, hoping that the price will continue to go in their direction. However, most of the times the price reverses, therefore transforming a possible winning trade into a few losing trades. To prevent this, our forex g…