RobotFX Heiken Ashi MTF

MTF stands for multi-time-frame and so the RobotFX Heiken Ashi MTF will display the HA candlestick for a higher given time-frame. In the screenshot above the RobotFX HA MT shows (the history bars indicator at the bottom of the chart) the color of the Heiken Ashi candles on the daily chart.

To display your desired time-frame change the TimeFrame setting to reflect this. For daily we have 1440 (minutes), for H4 240 and so on. Enter the appropriate number of minutes.

This indicator requires the RobotFX Heiken Ashi Alerts indicator and will not work without it.

A simple strategy used by the HA traders is to buy/sell when both Heiken Ashi indicators have the same color: the original HA loaded on the chart (the candles representing the entry /exit signals) and the HA history-bars for a higher time-frame (representing the trend).

Watch the video and download the RobotFX Heiken Ashi MTF indicator

RobotFX Heiken Ashi Alerts

The RobotFX Heiken Ashi alerts will display a Heiken Ashi history bars below the chart with the possibility to alert the trader when the color of the HA candle changes. The alert are basic alerts, notifications (push) and email alerts.

In the screenshot above the original Heiken Ashi candles indicator was loaded on the chart (white and red candles) as long with the Heiken Ashi Alerts indicator. You can see how the color of the history bar changes with the color of the Heiken Ashi candle on the chart.

This indicator was made for those that do not like how the Heiken Ashi candles are covering the normal candles or the traders that guide their trade entries based on the candlestick signals, while still considering the trend candles (HA) signals.

Watch the video and download the RobotFX Heiken Ashi Alerts indicator

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RobotFX Auto Recovery

RobotFX Auto Recovery is an expert advisor designed to hedge a 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 breakeven.

Technically, RobotFX Auto Recovery places an opposite pending order at the StopLoss distance (in pips) from the opening price, using a higher lot size. 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. Some traders like to call this advanced zone recovery (the area between the opposite trades) (shortly ALR EA).

The pending orders’ lot size is calculated so that the profit will always increase (if the price hits them and continues further).

Eventually the price will break in either up or down direction and the basket will close when the profit reaches MinProfit - this is in dollars. You have the option to set the MaxOrders to limit the total number of opened trades and also to instruct the EA to close all of the trades (ForceCloseAtMaxOrders) regardless of the profit (can be negative).

Check the picture below to understand how hedging works in forex trading. Mind that the lot size of the pending orders depends on the recovery zone width (the “StopLoss”) and the TakeProfit distance.

How RobotFX Auto Recovery works

RobotFX Fluid template

To make is easier for those who cannot afford to buy the Fluid EA but would like to try this strategy (minus the advanced money/ trade hedging management that the EA can do), we uploaded the template and made it available here. By default the EA considers buying only when the price is above the SMA200 and the EMA30 > EMA55. So in the picture above it will open short positions, as everything is the opposite.

The bar below is the Heiken Ashi on D1 timeframe - used to confirm the trend down (although the EA doesn’t take this into consideration). We also attached a short TO DO indicator (the instructions upper-left), just in case you forget the rules.

Once the trend in confirmed (above,downtrend) we will enter a trade when the nonlagMA color changes (above, from white to black - sell). Since you do not use the EA you will have to manage the trades by yourself - close the winning trades when the nonlagMA color changes back (black to white) and… manage losing trades as you wish (SL, hedge etc).

Watch the video and download the RobotFX Fluid template

RobotFX Renko Chart

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 you want or use the automatically calculated ATR bars.

Don’t forget to click the MetaTrader’s AutoTrading button.

After the EA 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, as in the picture above. Now click the menu File > Open Offline and choose the M2 chart of the pair you changed into renko.

You can choose any other timeframe name for the renko chart but make sure it is not one of the Metatrader’s default timeframes (ie not 1, 5, 15, 30, 60 etc).

In the image above there is an example of a renko bars generated by RobotFX Renko Chart EA, with some indicators attached. Renko charts being price bars do not depend on the time, like the candlesticks for example. However, you can choose in the chart Properties to display the period separators, if you wish.

How RobotFX Renko Chart EA works

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RobotFX Fluid expert advisor

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 - this is the biggest mistake they make. Just ask yourself:

“If 95% of the traders are losing their money, do I really want to follow the same rules they do?!”

To keep it short, instead of a traditional stoploss, the Fluid is using a sophisticated method to hedge a losing trades or a basket of trades. This way every losing trade can be transformed into a winning basket of trades. RobotFX Fluid EA is following the trend and basket trading occurs only when the trend changes and there is a trade opened already.

How RobotFX Fluid EA works

You can find more details about this trading expert advisor and the strategy behind it on the RobotFX Fluid website, or you can go ahead and buy it.

RobotFX Stairsteps expert advisor

The strategy of the RobotFX Stairsteps expert adviser is to trade breakouts of consolidation zones. It often happens that the price moves in a short range (consolidates) for a while and then breaks out of these consolidation zones. When this happens, many traders set pending orders above or/and below these zones, so when the price breaks out of the zone, a trade will open.

We do recommend following the trend and don’t just set random pending orders. This is where RobotFX Stairsteps EA comes in to help. The expert advisor will allow you set only long or short trades to be opened. In other words, decide about the trend and set the EA to buy - if the trend is up - or to sell - if the trend is down. This expert advisor uses the traditional stop-loss function. It does not hedge but it has many other options to manage the trades and your money.

How RobotFX Stairsteps works

You can find more details about this trading expert advisor and the strategy behind it on the RobotFX Stairsteps website, or you can go ahead and buy it.

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RobotFX Timeframe Changer

The RobotFX Timeframe changes the time-frame on all opened charts. All you have to do is to drag the script on any opened chart, set the desired TimeFrame in minutes (1, 5, 15, 30, 60, 240, 1440 etc) and click OK.

Watch the video and download the RobotFX Timeframe script

RobotFX Template Changer

This little script will change the template on all opened charts with the one you choose. Drag the script on the chart and choose the TemplateNumber. This number must match the template’s position, which you can find out by counting the templates from up to down, starting from 0.
So if you want to change the template on all charts with the template located third when you right-click on the chart and then click template, drag the script on any chart and use TemplateNumber = 2 (1st=0, 2nd=1, 3rd=2).

Watch the video and download the RobotFX Template script

RobotFX Heiken Ashi

The difference between the classic Heiken Ashi indicator and the RobotFX Heiken Ashi indicator is that the last one has display more responsive candles. This will let you identify the swing moves much easier and therefore preventing the loss on money.

As you already know, the Heiken Ashi candles are trend candles, so when the color is up (in our settings green) you should find the right moment to buy. In order to help the trader even more, our indicator has incorporated a price action channel. This is built by an EMA band and, as you can see in the picture, it is very helpful to identify not only the trend, but also the right moment to enter a trade. You should avoid trading when the price is in the band, because then it probably consolidates (check the rectangles). These could be great opportunities to set and forget our RobotFX Stairsteps EA.

Watch the video and download the RobotFX Heiken Ashi indicator

RobotFX NonLagMA indicator

This indicator will display a non-lag moving average in two colors, one for the up trend and a different one for the down trend. Depending on the market’s conditions, the nonlagMA can be successfully used not only to identify the trend, but also to precisely spot entry and exit trade levels.

The most important of its settings is the Length, which will determine the color change. In the photo, the Length is set to 24. There also a possibility to change the shift of the moving average; this is called Displace. The indicator has alerts, too, which are disabled by default. Once activated, you will get on screen alerts and push notifications (if you have the MT installed on a mobile device).

The RobotFX nonlagMA indicator is used by our RobotFX Fluid EA

Watch the video and download the RobotFX NonLagMA indicator

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RobotFX ATR Candles indicator

This indicator will change the candles color depending on the ATR (average true range) settings that you will choose; defaults are 10 with a multiplier of 2. You have the option to also display the ATR line, as you can see it in the chart on the left. You can also choose your own ATR settings and the colors of the candles. This indicator can be very useful to identify the small swings when following a stronger trend, in order to spot the right entry.

Watch the video and download the RobotFX ATR Candles indicator

RobotFX 2MA Candles indicator

This indicator will change the candlesticks color depending on two moving averages crosses. In the picture example we used the 8 EMA and the 21 EMA. If the 8 exponential moving average is above the 21, the candles will be colored in green. If 21 EMA > 8 EMA then the candles will be red.

You have the options to choose your own moving averages as well as their settings (price, mode, shift) and, of course the candles’ colors. You may wish to disable the comments to clear the charts.

Watch the video and download the RobotFX 2MA Candles indicator

RobotFX Support/Resistance indicator

RobotFX SR plots the support and resistance lines on the chart and it can be very useful to set your stop-loss or your take profit, as well as to identify the trend by the stair-steps the S/R lines are creating.

You have the option to change the lines colors and width as you wish.

Watch the video and download the RobotFX Support/Resistance indicator

RobotFX Clean Up script

RobotFX Clean Up is a small but very useful script that will clean your chart from all the existent objects (lines, shapes, text etc). To clear the chart drag the script from the Navigator Window on the chart you want to clean (left mouse click > drag on the chart > release mouse button).

Watch the video and download the RobotFX Clean Up script

PSAR Trailing Stop EA

The Trailing Stop PSAR expert advisor is useful to those who are not very good at managing trades. If you feel that you’ve exited a trade to early, or to late, try this free expert advisor. The EA will move the stop loss for you, at the exact PSAR (parabolic stop and reverse) latest point on the chart. Just make sure that CheckEveryTick is set to true. A simple but very effective set an forget trade manager, much better than the fix trailing stop MT4 provides.

Watch the video and download the PSAR Trailing Stop EA

Close All Button expert advisor

This free expert advisor will display a red Close button on your chart, in the top-middle area. We decided on this zone so the button won’t be accidentally clicked. When the trader clicks the button, ALL trades will be closed. This applies to trades on the current chart as well as the others charts. It doesn’t matter, they will all be closed.

It is useful in case your trades take an unexpected turn and you wish to close them all to save your equity. It may happen that an unannounced news even will cause the price to drop or rise unexpectedly, in the opposite direction. If you didn’t set a proper stop loss, you will lose money. In this case you can either close the trade/s one by one or use the Close button. Closing them one by one will take some time, and during this period your loss will increase. A click on the Close button could save your from a bigger loss. You can also use it to close basket trades once the profit reached your desired amount.

Watch the video and download the Close All Button EA

RobotFX Stairsteps

RobotFX stair-steps indicator will display the consolidation boxes that appear on any chart so you can easily trade break outs. You have the possibility to choose your own box size, width (in bars) and height (in pips). All you have to do after the box has been created is to monitor the chart and enter the trade when the price exits this areas.

This trading procedure - trading consolidation zones in a stair-step approach - has been automated. An expert advisor can be found on the RobotFX Stairsteps website. If you prefer to trade manually, feel free to download the indicator.

Free RobotFX download

RobotFX MegaTrend

The RobotFX MegaTrend indicator uses a hull moving average to calculate the trend and the trend changes. The hull moving average has the advantage of having a much smaller lag and it is way more smoothed than the other ones.

The MegaTrend should be used to confirm entries and one should not trade the color changes (because trading the reversal point can be dangerous), as tempting as it may be. Simply buy above the green line and sell below the red line. If you rely only on the RobotFX MT, wait for the price to cross the MegaTrend line, the color to change and enter the trade only on pullbacks.

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RobotFX STOCHASTIC alerts indicator

Finally a useful Stochastic alert indicator. RobotFX STOCHASTIC alert indicator will alert you when the Stochastic main is crossing the signal in the over sold or overbought areas. In other words, we don’t care how many fake crosses can occur between 20 and 80 levels. We only care when the cross happens above 80 or below 20. This is a very useful indicator for those that are using Stochastic to spot the entries.

The indicator can send push notifications, screen alert and emails and, of course, you have the option to customize the Stochastic, including the levels. To catch the very high/low of a move, I for example prefer the signals above 85 and below 15. There is also an option to choose whether the trend is up or down. If you set trend down to false, you will get only buy signals - crosses below level 20.

Watch the video and download the RobotFX STOCHASTIC alerts indicator

RobotFX multi-STOCHASTIC

The RobotFX multi-STOCHASTIC displays the Stochastic level for multiple time-frames. It also displays in a separate small window, without charging your trading chart with any information. You have the option, of course, to choose the Stochastic values (default are 14,3,7).

The indicator will display, for any time-frame from M1 to H4, the level that the indicator reached as well as an arrow, up or down. When the Stoch reaches the oversold/overbought levels it will change the color (check the legend) to orange. After it will cross (main and signal), it will change the color (again) and the arrow, depending whether you should sell or buy. For example, if on H1 the Stochastic crossed above level 80 and it’s heading down, the color will be red and the arrow down - it’s the time to consider selling. However, make sure you also check at least the next higher time-frame for confirmation.

Free RobotFX download

RobotFX multi-ADR

This shows, in a separate window, the ADR (average daily range) for the previous day, the average of the previous 5 days, then 10 and 20 days. However, you can change the number of days the ADR is calculated. Instead of 5,10,20 days you could choose, for example, 10, 20, 30 days. It all depends on what you need to know and your trading style.

What makes this better than other ADR indicators is the fact that it shows the ADR for multiple time periods. Also, it doesn’t display the information on the chart, but in a separate window, without creating any distractions. On the right side there’s also the daily high/low.

Free RobotFX download

Robotfx background candles

Robotfx background candles can draw the candles for any higher time frame, right behind the actual frame candles. In the picture example one could trade on D1 (the background candles drawn by the indicator) and spot the right entry on the actual frame candles, H1. This indicator also eliminates the need for many other indicators (daily open, daily high/low etc).
This indicator can save you the trouble of changing the time-frame to often. 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.

Free RobotFX download

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