The Forex Trading System
Forex EA and Indicators
The Forex trading EA (Expert Advisors) and Indicators that I have personally used have been with the Metatrader platform. Essentially you import the indicator into Metatrader, add it to the currency pair and the Indicator alerts you to trading opportunities – and thus form the basis of your Forex trading system. I am constantly asked what is the best forex EA. Well, I have used quite a few free EA’s and commercial indicators many of which have been overly complex and most of them inconsistent. I can recommend the following two as being solid performers. They are :
London Forex Rush
This Forex EA is very simple to use, it takes advantage of breakouts that happen in the crossover between the London session and the Tokyo session. The indicator analyzes the trading range and alerts to currency trades providing you with entry criteria and stop loss settings. To take advantage of this iEA you need to be at your computer at the time of the crossover AND be in a position to trade. The only down side is that trade opportunities are not plentiful. You can go a week or more between trades. You can go here to the London Forex Rush website.
Stealth Forex
In my mind the Stealth Set of indicators is a little more complex but work on much broader time and with two strategies: Day and Scalping. Right now I’m not touching the scalping side of things. Again this Forex EA alerts to possible entry conditions and take profit levels. Why not take a look at the Stealth Forex website:
