Trading de Forex ou de opções binárias.
Pipbreaker is very well known among the people involved in Forex Trading. Pipbreaker is a highly precise signal generator which, unlike other indicators, does not produce signals with unmatching accuracy and thereby enables the customers to realize returns almost every time they invest. Thus making it one among the Best Forex Indicator available on the market.
The Best Forex Indicator.
Many indicators floods the Forex market and most of them works only based on a particular logic. It may be Moving Average, Relative Strength Index (RSI), Stochastic Oscillator, etc.
Pipbreaker is unique as it blends many logic’s into one and generates a much precise signal. Due to the hard and continuous work put into it by our Wetalktrade team, Pipbreaker becomes the most reliable and highly effective indicator.
Reduce your losses.
Due to its highly advanced operating capability, the signals generated by the Pipbreaker have an amazing hit-ratio and works out almost every time. Though a trader can not gain profit, each and every time he/she trades, Pipbreaker increases your probability of earning.
Also, it keeps you as far away as possible from losses. The Pipbreaker keeps you in a safer zone, making you less prone to losses. The Pipbreaker is designed in such a way that even if a particular signal results in loss to the trader, the upcoming signal will balance and overcome the loss.
Be immune to market upsets.
The Forex market is highly vulnerable to international political and financial environment. From the Annual Report of any international bank to the eruption of any deadly virus, anything can affect the Forex market and may create an undesirable change in the currency rates.
In such cases, every indicator fails, but not the Pipbreaker. The Pipbreaker handles such situations with an amazing speed and starts generating signals accordingly. This helps you to stay ahead of all other traders, in all situations.
Trade any market for any duration.
The Pipbreaker is suitable for any kind of trader and trading duration. Being a long term trader or a scalper doesn’t matter as the Pipbreaker works well with all types of trades.
Pipbreaker not only suits for the Forex Market, it also supports trading in Gold, Silver and many other kinds of Stock Markets. This makes Pipbreaker, a unique solution for all your trading requirements and one of the best Forex indicator ever.
Join the elite group.
The Pipbreaker is a very unique product and its number of Licenses is restricted to be well under thousand in order to provide a distinctive edge to our customers.
More new products are yet to come and the top priority goes to our Pipbreaker users. Now, it’s your turn to experience a whole new level of trading by using the Best Forex Indicator ever on the market. Check out its performance in the recent days.
Best forex indicator 5.
Best Forex Indicator – Giving The Edge Back To Traders.
In order to gauge how the market is performing and analysing the data, traders use forex indicators. The best forex indicators give a detailed forex market report for effective trading strategies and higher returns. It is a way to examine the forex market performance through various data; it could be historical data, present data including prices of currency pairs, the volume of trade and market performance.
Thus, helping traders to predict the price changes and other factors with these indicators. The patterns could be studied, and what patterns repeat are also emphasised more for a benefit.
The best forex indicators incorporate a list of indicators that aid traders in the best possible ways. A trader can never go wrong if the indicators are suitable with all other factors in mind. However, this takes years of experience to reach such a professional position.
What is the Forex Market?
The forex market is the foreign exchange market that operates for 24 hours and is the most liquid. The accessibility and high convertibility of currencies make it the highest traded market online. Foreign exchange markets trade in foreign currencies that are exchanged internationally at an exchange rate. Investors trade in various currency pairs to make a high profit.
The market is a decentralised market which means it does not have a centralised place of working. It is an electronic system connected through a network of computers. Therefore, traders can invest any time they want and from anywhere around the world. A globally traded currency market with high reach and trading options for investors.
It basically has some major currencies that traders mainly prefer, including EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/AUD and USD/CHF etc.
What are the Forex Indicators?
The forex indicators are used in the trade of forex currencies to examine whether the investment decision is right or not. A helpful tool for investors as it aids them with the analysis of the financial markets. Traders use the best forex indicator for market analysis in depth and predict the market fluctuations.
The best forex indicators take into account all the key aspects of the market, including the historical data, present price changes, other factors and fundamental areas for getting a clear idea about the future change. Thus, based on these, investors predict the forex market movements.
Indicators even display patterns and charts that are useful for the study of the market. With the pattern formed and lines drawn of the market movements, traders are able to analyse their market position. Moreover, the support and resistance levels aid traders to know the entry and exit points of the trade.
Like support and resistance level, there are many other best forex indicators that support traders in the forex market. Some of the indicators are moving average, pivot point, trend indicator and many more.
Best Forex Indicator.
There are various indicators in the forex market; however, these are divided into four categories, namely, the trend indicator, momentum indicator, volatility indicator and volume indicator. The categories incorporate the major indicators of the forex market.
Here, we have discussed the best forex indicator for better use by investors in the forex trade. So, let’s quickly understand the indicators:
Relative Strength Index (RSI)
A relative strength index is a technical tool that helps traders analyse the price changes in the forex market over time. It is classified as an oscillator that is best for analysing price movements. RSI uses a mathematical formula that calculates the currency values and their overbought and oversold positions in the market.
RSI oscillators help traders to illustrate the hidden and visible divergence signals of the forex trade. Indicating the momentum of the prices, RSI is useful for traders of markets to make significant technical decisions.
If the RSI reading in the pattern formed is above 70, then it is an overbought trend, which means that the forex security trader wants to purchase is overvalued, and the trader should wait for it to come down. Thus, traders should look for a reversal of the trend to buy the security.
On the other hand, if the RSI reading is below 30, it is an oversold trend where traders should go long. Here, traders can wait for reversal and then sell the security in the market.
Moving Average (MA)
Moving average is also a technical indicator that checks on the average price of the security traded. In forex trading, the currency pair moving average is calculated via a formula to take any further decision. The indicator is pretty useful and used mostly by every trader.
Moving average recognises the price trend removing the extra noise of short term trade. It is a helpful indicator that shows the current price with emerging trends of the market. They work via the use of data and mathematical formulas to get the price changes in a specific time period.
The most frequent timeframes used in moving averages are 50, 100, and 200 days. The indicator is preferred largely due to its simplicity and uses over the years. In addition, traders can rely on moving averages indicators for analysing the price fluctuations. Thus, the best forex indicator for currency trading.
Moving Average Convergence Divergence (MACD)
The best forex indicator list incorporates yet another indicator named moving average convergence divergence (MACD). This moving average differs from the first one; however, it includes the first one in the calculation part. Here, the momentum of the price change is studied by comparing the two moving averages.
The indicator suggests traders with potential opportunities of the forex market around the support and resistance levels.
The divergence in the moving average shows that the averages are shifting away from one another, whereas convergence shows their coming together and moving closer to each other.
MACD has three important components:
Signal Line is the representative of the shift in the price and works as a trigger to help traders analyse the buying and selling signals. It is a line of 9 periods MA of MACD. MACD Line calculates the gap between two moving averages. It is derived by deducting the 26 period MA from the value of 12 periods MA. A histogram is the line of MACD that calculates the difference between signal line and MACD.
The indicator is named after its developer John Bollinger, who was an author and financial analyst. Bollinger Bands are the best forex indicator that illustrates the price range of the security. It uses statistical charts and prices of the forex currency pairs to analyse the volatility of the market.
It can be studied on the charts when the bands are closer, the uncertainty of the market is low, and when they range away from one another, the market is highly volatile. Bollinger bands, through their bands, show traders trading levels and even help traders to speculate in the market for the long term.
When the price of the security is above the Bollinger bands, then it is the indicator of an overbought situation, whereas when the opposite happens, the price is below the band, then it signals an oversold situation of the market.
The forex market tools are valuable for study or price range and factors contributing to the change. Bollinger Bands is also one of the best forex indicators.
Ichimoku cloud is the best forex indicator as it studies both historical and current price changes. Thus, provide traders with high probability trading opportunities. In addition, the indicator is used to analyse the market and know the support and resistance level to take advantage of the reversal or breakout in the forex market.
Moreover, Ichimoku cloud also analyses the price momentum to aid traders in the decision-making process. Thus, a wide range of information is furnished in one indicator, with support and resistance of both present and future trade. Along with the trend direction and investment that would be fruitful in the near future.
There are several components of the Ichimoku cloud that are used for the analysis of the forex market. These are:
Senkou Span A Senkou Span B Tenkan- sen Kijun-sen Chikou Span.
A momentum indicator, the stochastic oscillator, is the best forex indicator available for trade. It is a technical indicator that studies the price changes and compares closing and range prices over a timeframe. It is said to be best due to its features of strong accuracy and simplicity in the forex trade.
The indicator signals traders that the security is overbought or oversold in the market, and traders should be careful while investing in currencies. It follows the indicators that when the price is above 80, it is an overbought situation, and below 20, the market is at an oversold situation.
It is a unique trading strategy and indicator as it does not relate to price or momentum but to the pullbacks in the market. Pullbacks refer to the temporary stops in the trend of a security. So, traders look for pullbacks to identify trading opportunities and buy currencies. It is a drawing tool that aids traders with the partial reversals of the forex trade.
The indicator is used for various price actions using the retracement levels. The levels measure the number in percentage to know about the market flip between the two points. There are shallow and deep retracements, shallow ranges from 23.6% to 38.2%, indicating a strong trend and fast move. In contrast, the deep retracement is between 61.8 % to 78.6 %. Thus, the deep retracement indicator shows a strong market trend and lower velocity compared to shallow indicators.
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Best forex indicator 4.
The 10 Best Forex Indicators For Currency Traders.
Achieving success in the foreign exchange (forex) marketplace can be challenging. Nonetheless, traders from around the globe, both experienced and novice, attempt to do exactly that on a daily basis. Given the above-average failure rate of new entrants to the market, one has to wonder how long-run profitability may be attained via forex trading.
Among the many ways that forex participants approach the market is through the application of technical analysis. By definition, technical analysis is the study of past and present price action for the accurate prediction of future market behaviour. The premier tools for the practice of technical analysis are known as indicators.
Indicators come in all shapes and sizes, and each helps the user place evolving price action into a manageable context. While there are many indicators to choose from, all are used to either identify market state or recognise potential trading opportunities. Through the integration of indicators, one can develop a collection of powerful forex trading strategies.
One of the key benefits to utilising technical indicators is the freedom and flexibility afforded to the trader. Indicators are versatile in that they may be implemented in isolation or within the structure of a broader strategic framework. In each instance, their proper use promotes disciplined and consistent trading in live forex conditions.
As an FXCM account holder you could get TradingView Pro FREE for 1 year saving over $100 .
Selecting The Best Indicators For Active Forex Trading.
Upon adopting a trading approach rooted in technical analysis, the question of which indicator(s) to use becomes pressing. In order to find suitable candidates, it is important to first determine one's available resources, trading aptitude and goals. Through conducting a detailed personal inventory, the best forex indicators for the job will begin to emerge. At the end of the day, your ideal trading indicators will complement both your assets and objectives.
In practice, technical indicators may be applied to price action in a variety of ways. Two of the most common methodologies are oscillators and support and resistance levels. Each has a specific set of functions and benefits for the active forex trader:
An oscillator is an indicator that gravitates between two levels on a price chart. Oscillators are designed to show when a security is overbought or oversold. They are frequently used as a barometer to measure pricing momentum as it relates to trend extension, exhaustion and market reversal.
Oscillators are strategically valuable as they aid the trader in determining market state, as well as providing forex signals for trade in the global currency markets. Examples of popular momentum oscillators are the relative strength index (RSI) and the MACD indicator.
Support And Resistance.
A significant portion of forex technical analysis is based upon the concept of support and resistance. Support and resistance levels are distinct areas that restrict price action. A support level is a point on the pricing chart that price does not freely fall beneath. Conversely, a resistance level is a point on the pricing chart that price does not freely drive above.
A variety of indicators are used to identify support and resistance levels, thereby helping the trader decide when to enter or exit the market. Several of the most popular are Fibonacci retracements/extensions, pivot points and the simple moving average (SMA).
Ultimately, the best forex indicators are user-friendly and intuitive. These two attributes assist in the crafting of informed trading decisions and add strategic value to the comprehensive trading plan.
Top Forex Oscillators.
Oscillators are powerful technical indicators that feature an array of applications. Whether you are trend following, trading reversals, or implementing a reversion-to-the-mean strategy, oscillators can be a valuable addition to the forex trader's toolbelt. Below are five time-tested offerings that may be found in the public domain.
Developed in the late 1950s by market technician George Lane, the Stochastic oscillator is designed to identify when a security is overbought or oversold. To do so, it compares a security's periodic closing price to its price range for a specific period of time.
The driving force behind the Stochastic Oscillator, also referred to simply as Stochastics, are the probabilities involved with random distribution. Typically symbolized by %K, it is essentially a comparison of evolving price action to a relative mean value. It's derived by the following formula:
%K = ((Closing Price - Range Low) / (Range High - Range Low)) * 100.
Stochastics are exceedingly popular among forex traders as they offer a means of quickly ascertaining whether a currency pair is overbought or oversold. They are plotted as two lines on a pricing chart: the current or slow stochastic (%K) and the fast stochastic (%D), which is a specified periodic moving average. Values are interpreted on a 0-100 scale, with 0 indicating oversold conditions and 100 overbought. In the event that a product's price movement approaches either extreme, a trade setup may come to pass. As price approaches 0, buy signals may be in the offing; as price rallies toward 100, sell signals may come into view.
In addition to the 0-100 scale, the potential divergence/convergence, or crossover of the %K and %D, also render varying degrees of importance. These occurrences may be interpreted as signals of a pending shift in price action. The versatility of Stochastics make it a go-to methodology for many veteran and novice traders alike.
2. Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a momentum oscillator used by market technicians to gauge the strength of evolving price action. Developed in the late 1970s by J. Welles Wilder Jr., RSI has become an exceedingly popular indicator among technical forex traders.
Average Gain : A gain is a positive change in periodic closing prices. To calculate the average gain, all periodic gains are added and then divided by the period itself (Total Gain / Period). Average Loss : A loss is a negative change in periodic closing prices. To calculate the average loss, all periodic losses are added and then divided by the period itself (Total Losses / Period). Relative Strength (RS) : Relative Strength is derived by dividing the average gain by the average loss (Average Gain / Average Loss).
Once RS is determined, the RSI calculation may then be completed:
RSI = 100 - [100/(1+RS)]
Similar to Stochastics, RSI evaluates price on a scale of 0-100. Its primary goal is to determine whether a market is overbought or oversold and if conditions are poised for an immediate change. As a general rule, the closer RSI gravitates toward 0, the more oversold a market may be. Conversely, values approaching 100 are viewed as overbought.
The RSI may be applied to any security on any time frame. Its effectiveness in identifying the exhaustion of market trends and possible reversals makes the RSI a favoured indicator among forex traders.
3. Moving Average Convergence Divergence (MACD)
Invented by Gerald Appel in the late 1970s, the Moving Average Convergence Divergence (MACD) is favoured by forex traders. Like other momentum oscillators, it can be a challenge to derive manually in live-market conditions. Fortunately for active forex traders, modern software platforms offer automated functionality on any time frame.
Essentially, the MACD is a comparison of two exponential moving averages (EMA), typically with periods of 26 and 12. Through observing whether these EMAs are tightening, widening or crossing over, technicians are able to make judgements on the future course of price action. In this way, market trends, reversals or rotations may be projected.
The calculation for MACD is as follows:
MACD = [(26 Period EMA) - (12 Period EMA)]
MACD is applied as a chart overlay in conjunction with a Signal Line. The Signal Line is a periodic EMA of the MACD itself; frequently a nine-period EMA. Histograms are also employed to express the degree of variance between the MACD and Signal Line.
Forex traders are fond of the MACD because of its usability. It is a visual indicator, with divergence, convergence and crossovers being easily recognised. Due to this attribute, the MACD is easily integrated into any trading system with other forex tools and analytical devices.
4. Commodity Channel Index (CCI)
The Commodity Channel Index (CCI) was created and promoted by mathematician Donald Lambert in the early 1980s. It was initially developed for trading commodities futures contracts, but it has been adapted to the forex, CFD and equities markets.
Like other oscillators, the CCI places market behaviour into context by comparing the current price to a baseline value. In the case of the CCI, the moving average serves as a basis for evaluation.
Given the following building blocks, the CCI may be constructed:
Typical Price: ⅓(High + Low + Close) MA: Moving Average, N periods of typical prices Divisor: .015 MD: Mean Deviation, N periods of typical prices.
The CCI formula is as follows:
CCI = [(Typical Price - (MA)) / (.015 * MD)]
In contrast to several of the other oscillators, CCI is viewed with respect to a channel existing between +100 and -100. Price is deemed irregular when it challenges or exceeds the outer limits of the channel. This is unique from the standard 0-100 scale as the boundaries are not finite. The CCI moves with the market, suggesting that price has a tendency of returning to an adapting mean value.
While the difference between CCI and other momentum oscillators appears negligible, the channel concept dictates unique strategic decisions. Nonetheless, CCI is an easy-to-use indicator and the core concepts of overbought or oversold still apply.
5. Parabolic SAR.
The Parabolic Stop And Reverse, also known as Parabolic SAR or PSAR, is used to identify trend direction as well as potential reversal points. Designed by J. Welles Wilder Jr., the Parabolic SAR is an unconventional oscillator. Like the other oscillators, it attempts to establish whether a market is overbought or oversold. However, it does not employ any sort of standardised scale; simply a series of strategically placed "dots."
The PSAR is constructed by periodically placing a dot above or below a prevailing trend on the pricing chart. For an uptrend, dots are placed below price; for downtrends, dots are placed above. The product is a visual representation of the prevailing trend, pullbacks and potential reversal points. Accordingly, the PSAR is most commonly applied as an overlay on open high low close (OHLC) and Japanese candlestick charts.
Forex traders often integrate the PSAR into trend following and reversal strategies. While choppy and range-bound markets can pose challenges to its effectiveness, the visual simplicity boosts the PSAR's appeal to many forex traders.
Support And Resistance, Custom Indicators.
A variety of technical indicators are used to predict where specific support and resistance levels may exist. Upon doing so, areas of support and resistance are frequently combined with other trading indicators to build a robust, comprehensive trading system.
6. Bollinger Bands.
Introduced to the world of finance in 1983 by John Bollinger, Bollinger Bands (BBs) are a technical indicator designed to measure a security's pricing volatility. Although not intended for defining market entry/exit points in isolation of other market factors, BBs do provide a detailed look at the volatility of a security.
Bollinger Bands feature three distinct parts: an upper band, midpoint and lower band. Each is represented by a line on the pricing chart, tracing the outer constraints and center of price action. The visual result is a flowing channel with a rigid midpoint. BBs may be applied to OHLC and Japanese candlestick charts on any time frame.
At their core, BBs exist as a set of moving averages that take into account a defined standard deviation. The BB calculations are mathematically involved and typically completed automatically via the forex trading platform. To customise a BB study, you may modify period, standard deviation and type of moving average.
As a general rule, a wide distance between outer bands signals high volatility. Conversely, tight bands suggest that price action is becoming compressed in the vicinity of a periodic average price.
Even though Bollinger Bands are trademarked, they are public domain trading indicators. Forex traders frequently implement BBs as a supplemental indicator because they excel in discerning market state.
Pivot points, or simply pivots, establish areas of support and resistance by examining the periodic highs, lows, and closing values of a security. They are a powerful tool for quantifying normal trading ranges, market direction and abnormal price action as it occurs.
In practice, there are a multitude of ways to calculate pivots. One common method begins with taking the simple average of a periodic high, low and closing value, then applying it to a periodic trading range. The pivot value is calculated via the following formula:
Pivot = (High + Low + Close) / 3.
Upon the pivot being derived, it is then used in developing four levels of support and resistance:
Resistance1 = (Pivot * 2) - Low Resistance2 = Pivot + (High - Low) Support1 = (Pivot * 2) - High Support2 = Pivot - (High - Low)
Pivot points are used in a variety of ways, primarily to indicate the presence of a trending or range bound market. A general rule is that when price is above resistance levels, a bullish trend is present; if below support levels, a bearish trend is present. In the event price falls between support and resistance, tight or range bound conditions are present. Regardless of market state, pivot points may be used to generate buy and sell signals.
Pivots are a straightforward means of quickly establishing a set of support and resistance levels. Forex market participants regularly utilise them in breakout, trend and rotational trading strategies.
8. Average True Range (ATR)
Average True Range (ATR) is a technical indicator that focuses on the current pricing volatility facing a security. Akin to Bollinger Bands, ATR places ongoing pricing fluctuations into context by scrutinising periodic trading ranges.
The primary element of the ATR indicator is range, which is the distance between a periodic high and low of a security. It is computed as follows:
Range = Periodic High - Periodic Low.
Current period high to low Previous close to current high Previous close to current low.
Upon TR being determined, the ATR can be calculated. The process is mathematically involved; at its core, it is an exponential moving average of select TR values. To keep the ATR current, the exponential moving average is used in favour of a simple moving average. Fortunately for active forex traders, the ATR indicator may be calculated automatically by the software trading platform.
The primary purpose of ATR is to identify market volatility. It is not concerned with the direction of price action, only its momentum. High ATR readings indicate an active market, while low ATRs suggest consolidation. While ATRs do not specifically establish support and resistance levels, they are frequently used to confirm the validity of such price points.
9. Donchian Channels.
The development of Donchian Channels is credited to fund manager Richard Donchian in the late 1940s. Like Bollinger Bands and the ATR, Donchian Channels aim to quantify market volatility through establishing the upper and lower extremes of price action.
Due to their usability, Donchian Channels are a favoured indicator among forex traders. They're typically applied automatically via a forex trading platform, but Donchian Channels may be easily computed manually. The key element of the indicator is period. Once an ideal period is decided upon, the calculation is simple. The following is a set of Donchian Channels for an 18-period duration:
Upper Band = 18 period high Lower Band = 18 period low Middle Band = (18 period high + 18 period low) / 2.
Through focusing on the market behaviour evident between a periodic high and low, Donchian Channels are able to quickly identify normal and abnormal price action. Further, the upper/lower bands may be viewed as support and resistance levels because they have previously inhibited price.
The appeal of Donchian Channels is simplicity. The indicator is easy to decipher visually on OHLC, line, or candlestick charts and the calculation is intuitive. These two attributes make Donchian Channels an attractive indicator for trend, reversal and breakout traders.
10. Custom Indicators.
One of the biggest benefits of trading forex in the modern era is the ability to personalise the market experience. Advancing technology has brought the creation of custom charts, indicators and strategies online to the retail trader.
For droves of forex participants, building custom indicators is a preferred means of technical trading. A custom indicator is conceptualised and crafted by the individual trader. Aside from personal preference, it is subject to no predefined constraints and may be applied in any manner deemed appropriate.
Given the robust functionality of modern forex trading platforms such as Trading Station or MetaTrader 4 (MT4), traders have the freedom to construct technical indicators based on nearly any criteria. The only thing limiting the custom forex indicator and associated forex trading strategies is the trader's imagination.
The Bottom Line.
At first, technical trading can seem abstract and intimidating. However, through due diligence, the study of price action and application of forex trading indicators can become second nature.
Whether you're a trend, reversal or breakout trader, there are many forex indicators to choose from in the public and private domains. To sum them up, the best ones are easy to use and will add value to a comprehensive trading strategy.
Last Updated on 18/10/2021.
Best forex indicator 3.
8 Proven Best Forex Indicators Tested and Reviewed.
Today, I am introducing traders to the best Forex indicators in the market. These are indicators that are proven to work in MT4, MT5, Tradingview and find themselves on many top 10 lists. In this case, we are drawing your attention to 8 proven indicators that will help you grow your trading account and win more trades.
For many traders, Forex indicators play a significant role in their daily trading routine. The purpose of putting together this page is to explain the benefits and drawbacks of many different indicators that I’ve been reviewing and using over the years .
Depending on your personal trading approach, and stylistic tendencies, there are hundreds of different indicators available all with the express intent of providing better ways to analyze the markets. After perusing our list of both free and paid options , you will know without a shadow of a doubt which are the best MT4 indicators for every type of trader.
Best Forex Indicators in 2022.
5. PipFinite Trend Pro 6. Forex Gump 7. APA Zones 8.NewGen Trades.
1. RSI (Relative Strength Index)
The relative strength index is a free Forex indicator you can use in MT4, MT5 and tradingview. This is currently my favorite indicator , because it provides effective entries.
The RSI is a momentum indicator that determines whether an asset is overbought or oversold. It works for Forex, stocks, cryptos, anything. The RSI indicator uses three main numbers, 70, 50 and 30. If the price goes above 70, the asset is overbought (a good time to sell), if the price goes below 30 the asset is oversold (good time to buy).
It’s not perfect, but works incredibly well with my secret strategy in this video here :
Price: FREE Client feedback: Used by thousands of traders since 1978 Trading performance: Depends on the strategy Trading methodology: Any strategy.
2. Free Money Management.
Without money management you won’t win trades.
This is why I believe this Free Money Management indicator is the Best Forex Indicator available. This indicator will help you trade the right lot size, plot your tp & sl before placing trades and much more.
To learn where to download the indicator, how to install the indicator, and how to use it properly, simply watch this video here:
Price: FREE Client feedback: Excellent Trading performance: Not applicable (doesn’t provide signals) Trading methodology: Any strategy.
To download the free indicator, go here.
3. Moving Average Exponential & MACD.
The Moving Average Exponential (EMA) and Moving Average Convergence Divergence (MACD) are two free Forex indicators that when combined can provide great trade entry opportunities.
The EMA tracks the price of an investment over time, and the MACD is a momentum indicator that shows the relationship between multiple moving averages of a currencies’ price.
To see how I use these two free indicators to win trades on a consistent basis, watch this video here:
Price: FREE Client feedback: Perfect Trading performance: Performs very well with the right strategy Trading methodology: Can be used in thousands of different ways.
Whether paid or free, new or old, every indicator has it’s place and moving averages are always going to be the baseline for the majority of trading strategies.
MQL5 continues to be one of the most extensive resources in the Forex market. Their exclusive product marketplace gives traders access to many different product offerings including over 28 pages of Forex indicators. 8 of those pages are completely free indicators, but the quality is substantially lower when dealing with unpaid services. The main benefit of the market, is the diversity of options available, and the fact that every day traders can analyze hundreds of different products in order to find one that suits their personal trading style and interests. The reason that this is ranked number one, is because each system comes with client reviews, comments and free demos.
While there are positives, the MQL5 market isn’t perfect. The flip side of having so many options, is the fact that it can be very difficult to sort through each of the products and decide which Forex indicator is best and most viable for your current trading approach. It’s also worth noting that the majority of the coders involved in this marketplace are not coding professionals per se. Obviously, it takes a fair bit of knowledge in order to code an indicator, but most of the coders that are providing these systems do not work for a company, and thus there is no real guarantee that they will continue to support the product they are providing. Most of these coders are highly skilled amateurs, and sole proprietors of their trading products.
This market is highly effective, because it gives traders the opportunity to seek out and download Forex indicators without taking any risk or requiring any initial investment.
Price: Varies, $30-100 average Client feedback: Good feedback system Trading performance: Mostly unverified Trading methodology: Many strategies.
5. PipFinite Trend Pro.
PipFinite Trend Pro could essentially be categorized under the MQL5 umbrella, because it is indeed sold in the MQL5 market, but it deserves its own ranking as it is the most popular Forex indicator out of the thousands on their website. First released on January 15, 2022, this Forex indicator uses support and resistance levels alongside a strict set of rules that trigger buy and sell signals accordingly. This type of indicator does the majority of the work for the trader, because it provides the price, the direction of the trade, and the stoploss/takeprofit levels to set. It also includes a success rate metric, which gives traders an idea as to how effective a trading signal is likely to be, before the trade is placed. The indicator is aesthetically pleasing, and sends trade alerts via sound alerts within meta-trader 4, push notifications and email.
While the PipFinite Trend Pro sits in the number 2 position, that doesn’t mean it is without its warts. A couple months after completing our review, it came to our attention that the popularity of the indicator, and the overall rating on the MQL5 marketplace, is actually misleading. The vendor requests that his clients provide a 5 star review of this service in exchange for a free scanning indicator. Clients are expected to post a positive review, which skews the results and keeps this in the top 10 mt4 indicators list at MQL5. After the client provides proof that they posted the positive review, then the vendor will give them access to a free Forex indicator. The most recent comments here on Forex Robot Nation seem to suggest that the system is overrated, and not worth the $100 price tag, which is inflated by false positive reviews.
Sitting at number 2 currently, it’s unsure how long this indicator will remain in one of the top spots available given what we’ve found out.
Price: $99 Client feedback: Mostly 5 stars (but inflated by free indicator exchange) Trading performance: A video, and screenshots, nothing verified or long term Trading methodology: Support and resistance, but lacking detailed insight.
Forex Gump is another Forex indicator sold in the MQL5 marketplace. The main difference between this product, and most of the others reviewed in this section, is that the vendors actually provide the strategy in both indicator and Forex robot form. This is a very helpful approach, because it gives the vendor the opportunity to easily provide the community with verified trading results, although much like every other vendor in this market, they fail to do so. The general trading strategy isn’t elaborated on in much detail, but they do tell us that the indicator is based on a high frequency trading scalping approach. The system also includes multiple filters so that traders can adjust the indicator period, but there isn’t much explanation as to how these should be modified in the overall standing of the software.
The one aspect that sets this Forex indicator apart from the rest, is the fact that they provide an automated robot with the indicator. The more we analyze this program, the more we see that this is a requirement. They mentioned that they utilize high-frequency trading as the backbone of their strategy, which essentially makes the Forex indicator useless, because humans can’t keep up with a high-frequency trading approach. There are just too many trades being opened and closed simultaneously, for a trader to keep up with them all. Thus, the Forex robot that’s offered as part of this package, is actually the most important element.
Coming in at the 3rd spot, we feel that the positives still outweigh the negatives, but this isn’t a glowing endorsement by any means. The service belongs in the best MT4 indicators category, but ratings change over time as the markets shift.
Price: $47 Client feedback: Under populated, not enough to draw any conclusions on Trading performance: Screenshots, nothing to write home about Trading methodology: High frequency trading.
APA Zones is both a Forex indicator and educational service that wants to help introduce and strengthen the knowledge of their clients on price action trading. Their program includes training videos, indicators, templates and the community Skype room to discuss trading strategy. The indicator is offered by Gabriel brand, a sole proprietor located in Long Beach California. While it’s quite difficult to make your way through the website, and figure out where you should start, it is quite apparent that the developer does have a fair bit of knowledge about price action trading.
While most indicators we review provide buy and sell signals, the purpose of Gabriel’s indicator is to “help you maintain consistent analysis of supply and demand and take repeatable trade entry setups.” The packages are organized based on trading experience, so traders with different levels of experience are recommended to sign up with different indicators / products on the website. There isn’t much in terms of trading results, or performance reports, but the service does come across as a legitimate one.
While the majority of the review is positive, this product is still somewhat confusing, and not very popular among the overall Forex community, which is why it is currently ranked number 4.
Price: $45-$158/month Client feedback: Three 5 star reviews all from 2022 (activity concern) Trading performance: No verified trading results Trading methodology: Price action (knowledgeable trader)
8. NewGen Trades.
NewGen Trades is a Forex indicator described as so simple “that even an 8-year-old kid could use it.” Unlike the other indicators reviewed up to this point, this is not sold on the MQL5 marketplace. Instead, it is developed by a company that claims to have 15 years of experience in the trading industry. They believe that traders should sign up with their service because they have over 500 happy clients worldwide, and boast a 100% customer satisfaction rate. None of these claims are substantiated in any real way.
There really isn’t much positive to say about the NewGen Trades indicator. The vendor provides no information about their trading strategy, and the same could be said of their lack of trading results. Since the vendor gives us almost nothing to go on, we have to rely on the client feedback, which there has been quite a bit of it in our review. While we are happy to see that the support team did follow up with some of the comments, they were never able to provide any verified trading results. The most recent comment is from a client that claims that the software never worked as advertised, which forced them to eventually ask for a refund.
Sitting in the 5th spot, it’s quickly becoming apparent that even some of the best Forex indicators to choose from are flawed in major ways.
Price: $80 Client feedback: Mostly negative Trading performance: Screenshots, no verified results Trading methodology: No strategy provided.
Currensys is an older indicator package, that isn’t discussed too frequently, but because it’s built to work with NinjaTrader, eSignal, and MCFX/Multichart platforms, I felt it was important to included on this list. Every single Forex indicator covered up until this point has been built exclusively for MT4 or MT5, but if you don’t use that platform, then maybe you would be interested in this Forex indicator, even if it is much older.
This indicator collection that provides traders with a signal-based trading method is owned and operated by MVP Holdings, located at 30 Broad Street, Suite 1450 New York, NY 10004. They feel that their Forex indicator service stands the test of time because they use multiple signal systems simultaneously in order to actively monitor the current market conditions. For detailed information about the strategy, the vendor provides a handful of videos on their website.
One of the strangest aspects of the service, is the fact that the vendor is charging over $1000 for it, when the rest of the Forex indicator market is essentially $100 or lower. There’s nothing overly impressive, that suggests to our team that this Forex indicator should be much more expensive than its competitors.
Price: $1095 Client feedback: Very old, most reviews from 2012/2013 Trading performance: None Trading methodology: Bollinger reversal, and bollinger breakout.
PipBreaker is a highly marketed Forex indicator developed by the WeTalkTrade team. It’s found in multiple best MT4 indicators lists, so we find it’s important to The vendors promising 90-93% success rate with the signals generated from their indicator and advertises it as “the most efficient way to trade manually.” The developers of this indicator are located at 2711 Centerville Road, Suite 400, Wilmington, DE 19808. While the sales page is aesthetically pleasing, the vendor provides very little information about their product. The website is mostly promises, flashy images, and a high price tag of nearly $250.
Our review has attracted 11 comments from traders utilizing the software, and the only experiences shared so far have been negative. The majority of the clients claim that the win rate is not realistic, and that the indicator provides too many false signals to be trusted.
Sitting at the 7th spot currently, this indicator doesn’t provide much substance, and hasn’t been able to win over the Forex Robot Nation readers.
Price: $249.99 Client feedback: Not performing as expected Trading performance: No verified results Trading methodology: Not disclosed by the vendor.
Honorable Mention: EFC Indicator.
EFC Indicator is a Forex trading product that promises to find effective opportunities for its clients in less than 60 seconds. Developed by the trading strategy guides group, they make aggressive claims about their product, saying that it can consistently make over $1000 per week. The indicator is built to automatically detect reversal patterns and take advantage of a 1 to 3 risk reward ratio in order to grow accounts steadily.
The client feedback for the indicator is in the middle of the road. One of the clients claim that they attempted to utilize the indicator for binary options, but was unsuccessful. Yet, when he contacted the developer, they refunded him with no questions asked, which is certainly a good sign. Another commenter echoed his sentiments, which makes me believe that the vendor is a showing some positive signs.
There are no real trading results to go on, as the vendor only provides a couple of different screenshots, of how the system works.
Price: $99 Client feedback: Average Trading performance: No verified results Trading methodology: Reversal based.
In the analysis today, we will be monitoring and reviewing four factors that will lead to a ever-shifting, live ranking system of the proven Forex indicators. These 4 elements will help in the final rankings of the indicators, and give you an insightful checklist to sort through:
Price Client feedback Trading performance Trading methodology.
If the service is effective in achieving a high rating in these categories, then it will rank well. It’s worth noting that many of the services we’ve reviewed do not excel in the categories we’ve chosen , and thus some of the indicators that made this list are flawed.
The only issue with the paid Forex indicator market is that vendors fail to provide any verified trading results, or performance reports. They rely on screen shots, and small sample sizes, which is why we prefer the best rated Forex robots, as they are more reliable in 2022.
What are Forex Indicators?
In order to get the most out of this page, you first need to understand the different types of Forex indicators available. For the most part, commercial Forex indicators are MT4 or MT5 based systems that analyze the market, and trigger trade alerts when the conditions or rules of the system is met. Trade alerts are pop up boxes in MT4 that direct traders on specific trades to place, generally including the entry price, take profit and stop loss. These are the most popular products that are promoted in the indicator marketplace.
Then, there are Forex indicators that paint on your charts to help you spot patterns better, see market movements, and utilize different data points like the relative strength index. Overall, these types of indicators are more for advanced traders that are looking for ways to bolster their manual trading approach. Many of these indicators are readily available for free within MT4 or MT5, but they aren’t the main focus of this review today.
Instead, our analysis is more directed at the best Forex indicators that provide trade alerts, and give traders direct trading advice.
The way we look at indicators is different in 2022, then it was just a few years ago. Our expectations are much higher, and we feel that the commercial vendors need to be held to a higher standard of accountability and transparency. What was once considered a contender for the best Forex indicator title, is no longer relevant in today’s market conditions.
How do Forex Indicators Work?
The Forex indicator is often viewed as a gateway between manual trading and automated trading, because while the trader doesn’t have to do any chart analysis, they still have to place the trade.
Commercial Forex expert advisors are very simple to utilize. Traders either attach them to their MT4 or MT5 charts, set the timeframe, the pairs they want to trade, then wait for the trading conditions to be met. Once the condition or rule is met, the trade alert (signal) will pop up on the chart with the instructions. Trade alerts are frequently often sent to the platform, and to your mobile device via SMS or your email depending on if you want to trade these signals on the go.
Forex Indicator Table.
As we continue to scour the market, we are always finding more Forex indicators to review, and as we do, they will be added to this table. The table is nearing 20 reviews, and there are many more to come. Hopefully as we improve our ability to analyze these systems, the vendors improve upon the services they are offering.
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It’s clear that the best Forex indicators aren’t the first choice of the Forex Robot Nation team. Indicators almost feel antiquated, in that they serve a purpose, but have been over taken by more successful methods of trading the markets, like the best Forex robots tested or best Forex signal providers.
While indicators certainly still have a role, and play a very useful role for manual traders. Many of the commercial systems, like the ones listed in this review are lacking in the most important areas. These vendors need to find better ways to prove their systems are viable, with the use of third party statement sharing providers, and sustained trading records.
Thanks for reading our Forex indicator breakdown, and look forward to us expanding this into the top 10 mt4 indicators very soon. Please comment or leave suggestions of other indicators you would like us to add to the list.
