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Tuesday, 15 December 2015

RobotFX timeframe

Same way as this script changes the template, 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.



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RobotFX template

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).



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RobotFX Heiken Ashi

RobotFX Heiken Ashi
Trend is changing from up to down
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.



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RobotFX non-lag moving average

RobotFX non-lag moving average
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.



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RobotFX ATR candles

RobotFX ATR candles
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.



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RobotFX 2MA Candles

RobotFX 2MA Candles
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.




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RobotFX Support/Resistance

RobotFX Support/Resistance
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.




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RobotFX Clean Up

RobotFX Clean Up is a small but very effective and 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).



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Trailing Stop PSAR

Trailing Stop PSAR
The Trailing Stop PSAR free 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.




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Close All Button

Close All Button
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.




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RobotFX Stairsteps

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.




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RobotFX MegaTrend

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 alert

RobotFX STOCHASTIC alert
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.





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RobotFX multi-STOCHASTIC

RobotFX multi-STOCHASTIC
Just as the multi-ADR shows the average daily range for multiple periods, 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.




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RobotFX multi-ADR

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.




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Robotfx background candles

Robotfx background candlesRobotfx background candles will 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.




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