RobotFX Heiken Ashi MTF

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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

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RobotFX Heiken Ashi MTF

RobotFX Heiken Ashi Alerts

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 Heiken Ashi Alerts

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.

RobotFX Auto Recovery

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.

FOREX HEDGE

How RobotFX Auto Recovery works

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RobotFX Auto Recovery costs 89$. Buy this product and get advantage of:

– One time payment – no monthly/yearly/etc subscription fees

– All the other indicators/experts used in this strategy free of charge *

– Free updates for life – sent automatically to your Paypal email address **

* in case the expert advisor need extra indicators/scripts to work

** whenever (and if) the expert advisor will be updated

RobotFX Auto Recovery

RobotFX Fluid template

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

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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.

RobotFX Renko 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).

RobotFX Renko Bars

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

Buy RobotFX
Bank Wire Transfer

RobotFX Renko Chart costs 39$. Buy this product and get advantage of:

– One time payment – no monthly/yearly/etc subscription fees

– All the other indicators/experts used in this strategy free of charge *

– Free updates for life – sent automatically to your Paypal email address **

* in case the expert advisor need extra indicators/scripts to work

** whenever (and if) the expert advisor will be updated

RobotFX Renko Chart