The trading strategy of RobotFX Stairsteps expert advisor is to trade breakouts of consolidation zones. It often happens that the price moves in a short range (ie the price consolidates) for a while and then breaks out of these consolidation zones. When this happens, many traders set pending orders above or below these zones - if they are following the trend, or at both ends if they are uncertain of the trend - in this case trader should consider using an OCO (one cancels other) approach. When the price breaks out of the CZ (consolidation zone) and hits the pending order(s), a trade will open.
The expert advisor detects consolidation zones and opens trades when the price leaves them
To better understand how the RobotFX Stairsteps EA works please check the screenshot above. As you can see, the trend is down. The price goes down step by step, just like a stair. The stair steps are the consolidation zones. RobotFX draws the CZ and enters short trades as soon as the price leaves the consolidation zone, down. We do recommend following the trend and don’t just set random pending orders. This is where RobotFX Stairsteps expert advisor 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. Some of the RobotFX Stairsteps features are: breakeven, trailing stop, stoploss, news filter, time filter (trading hours), weekend close, notifications, martingale (for the fans) and many other settings.
The RobotFX NonLagMA expert advisor was built 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 very similar to the Fluid expert advisor by the fact that its main functions are the same. NonLagMA EA trades with the trend, buys in uptrend and sells in downtrend 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 - for the winning trades 4 hedges the zone recovery or with the trend - for the losing trades (a regular stoploss can also be used) To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend. This will be accomplished by the trend nonlagma detector and it can be based on the indicator’s color (black=sell, white=buy), the price position regarding
The RobotFX MACD expert advisor ideology is meant for the traders that are familiar and use the moving average convergence divergence (MACD) indicator in their trading decisions. The MACD EA is easy to set up and use, as it can be seen from its settings below. The MACD expert advisor uses the Stochastic indicator for entry confirmation To make sure the expert advisor trades in the right direction (ie with the trend) the trader can choose to follow the trend given by the same MACD settings used to enter/exit the trades. The trader can choose any other values depending on the traded pair. The trading signals are based on the intersection of the MACD’s signal line and the main line. Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers. The trader has also the option t
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. This Renko expert advisor allows the creation of renko charts on MetaTrader 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
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