Forex ToolsThe presented Forex tools can assist you both in technical analysis and money management which will greatly enhance your trading results. All these online Forex tools are completely free and can be used at no cost:
MT4/MT5 Expert Advisors — Download free expert advisors for the MetaTrader 4 (and MetaTrader 5) trading platform. Test and use these EAs to empower your automated Forex trading and also to help yourself develop your own MetaTrader expert advisor or a Forex strategy. You can use them with any MT4 Forex broker.
MetaTrader Indicators — Free downloads of the MetaTrader indicators for an MT4 and MT5 trading platforms. You can use these indicators to improve your Forex trading strategy or develop your own MetaTrader expert advisors. As with the expert advisors, you can use these indicators with any MT4 Forex broker.
Pivot Points Calculator — Four online web based pivot points calculators will help you to generate pivot points for any given time period. Pivot points are used as the most important market trend points, where trend can meet support or resistance and actually change its course. Floor, Tom DeMark's, Woodie's and Camarilla pivot points building rules are available with this free calculator. You don't need to download any software, just fill the form and get instant pivot point, resistance and support levels.
Pip Value Calculator — How much is one pip? How about EUR/CHF or CAD/JPY? With this free and fast online tool you can find out the value of 1 pip in USD for any lot size and any major or cross currency pair. Fill the form and get the pip value in one moment. No need to download any software!
Fibonacci Calculator — The web based Fibonacci retracement calculator will help you to generate basic Fibonacci retracement values for any given trend. These retracement values can be used as the most natural points of support and resistance for a given trend for any currency pair. On the currency trading market, the use of Fibonacci retracement levels to set orders and targets is one of the best ways to organize trader's portfolio.
Position Size Calculator — Employing a proper risk and money management is very important in Forex trading. And without a correctly calculated position size, it's not possible to manage your trading risks. This calculator works with any account currency, currency pair and other parameters.
Risk and Reward Forex Calculator — The on-line calculator that will help you to find out the risks and rewards associated with your possible position's targets and stop-losses based on the Fibonacci retracement levels of the current market wave.
Forex Strategies — The free Forex strategies available for all traders, including strategies based on the technical indicators, fundamental events and bare price action. All presented Forex strategies have examples and detailed descriptions.
MetaTrader VPS hosting — A special dedicated hosting for your MetaTrader (and usually any other) Forex platform and expert advisors. It's a good way to keep your strategy always active independently from your home or office PC.
MetaTrader Expert Advisors
Here you can download MT4 and MT5 expert advisors (or EAs) which can be used with the MetaTrader Forex trading platform to enhance your currency trading results combining it with the automated trading or expert advising. Only best strategies embedded into expert advisors are presented here. You can test and change them freely before using on your real or demo Forex account. My own testing results are also included for your information. All expert advisors were selected to bring at least 10% yearly profit with maximum drawdown not higher than half of the yearly profit. You'll need an account with any of the MetaTrader Forex brokers to use any MT4 EA presented here.
If you are having any problems with installing the MetaTrader expert advisors into your MetaTrader platform, please refer to this tutorial: MetaTrader Expert Advisors User's Tutorial
If you want to achieve a better backtesting quality for your expert advisor, please read this tutorial on importing and converting quality historical data to the MetaTrader platform: MetaTrader History Data Importing and Converting Tutorial for Quality Backtesting
MetaTrader Forex Indicators
On this page you can freely download MT4 and MT5 Forex indicators that can be attached to the MetaTrader Forex trading platform to boost your Forex trading performance. You can develop your own Forex trading strategies using these indicators, or you can simply follow them as the trading signals. Feel free to implement any of these indicators into a custom MetaTrader expert advisor. You can change these indicators freely before using on your Forex trading accounts. You'll have to open a trading account with some of the MT4 Forex brokers to use them.
If you have any problems with installing or using these indicators, please refer to this tutorial:
Aroon Up & Down (MT4, MT5) — this MetaTrader indicator is based on finding the maximums/minimums of the period and doesn't use any standard MT4/MT5 indicators. It is a separate window indicator with 2 charting lines. I find it useful to determine the trend changes.
BB MACD (MT4, MT5) — a MACD variation custom MT indicator, based on moving averages and standard deviation indicator. It can be used to determine trend starts/ends as well as the trend strength (the broader is the gap between two bands, the stronger is the current trend).
Beginner (MT4, MT5) — this one shows up trend extremes (max and min) which can be treated as the support and resistance points and help you understand current trend channels. It is a simple indicator that uses some period to find the highest and the lowest points and mark them with the dots. It can be a good base for your own range breakout expert advisor.
BMA (MT4, MT5) — a moving average indicator version that saves the traditional MetaTrader moving average functionality but adds two bands to the standard line. These bands are placed (by default) 2% below and 2% above the main line and serve as the strong pull-back levels.
CCI Arrows (MT4, MT5) — this CCI based indicator will give you signals by drawing blue and red arrows on the chart. It simply detects the CCI cross with the zero but is quite accurate.
Coppock (MT4, MT5) — an implementation of the classical indicator by Edward Coppock. Helps detecting the long-term tops and bottoms.
Detrended Price Oscillator (MT4, MT5) — a version of the price oscillator that works well for the detection of the short-term changes in the trend.
Easy Trend Visualizer (MT4, MT5) — visualizes the trend beginning/end, along with the range periods. It's based on the standard ADX indicator and produces quite accurate trend signals.
Fisher (MT4, MT5) — finds the maximum and minimum levels on the given period, applies custom calculations to the relation of the current price to those levels and draws a histogram of the trend. Marks uptrend with green lines and downtrend — with red lines.
Float (MT4, MT5) — this MetaTrader indicator scans the latest trends and tries to apply the data to the current rate, showing a trend start/end in a separate window. It also shows Fibonacci retracement levels on the main chart window.
Keltner Channel (MT4, MT5) — this MetaTrader indicator offers a combined trend/volatility moving averages, offering you a tool to trade the channel breakouts. Based on moving averages.
Laguerre (MT4, MT5) — a separate window indicator with one line signaling short and long positions, when it crosses the upper band from above or lower band from below, respectively.
Market Profile (MT4, MT5) — a classic market profile indicator created specifically for Forex daily trading session.
Moving Average Candlesticks (MT4, MT5) — a classic moving average indicator visualized in a form of Japanese candlesticks.
Murrey Math Line X (MT4, MT5) — another kind of pivot points given in form of lines displayed on the main chart. It uses Murrey Math rules to calculate the lines’ position. Lines are shown for the current period and represent the support and resistance levels.
Pattern Recognition Master (MT4, MT5) — an indicator for the automatic Japanese candlestick patterns recognition. It marks each candle, which fits any pattern, with the special code that represents the appropriate candlestick pattern. The legend for the patterns and the corresponding symbols is also attached to the chart with this indicator.
Price Alert (MT4, MT5) — an indicator that can notify you of certain price changes via the MetaTrader sound alerts. Can be used in manual trading when you want to know when the price reaches certain levels.
QQE (MT4, MT5) — Quantitative Qualitative Estimation indicator that uses two smoothed RSI indicators for buy and sell signals.
Range Expansion Index (MT4, MT5) — Tom DeMark's oscillator indicator that measures the pace of the relative price change. Gives overbought/oversold signals.
RSIOMA (MT4) — this indicator is composed of the RSI (Relative Strength Index) of two moving averages and moving average of this RSI. The cross of them means the change of the trend — when the bold line is above it is an uptrend, when the thin one is above it is a downtrend.
Schaff Trend Cycle (MT4, MT5) — an indicator that displays the double smoothed stochastic of the MACD lines calculated in cycles. Offers an improved version of the oscillator for the trend detection. Developed by Doug Schaff.
Spread (MT4, MT5) — an indicator that can display current spread for the given currency pair directly in the main window of the chart. Useful when dealing with variable spreads.
Support and Resistance (MT4, MT5) — as the name suggests, this indicators shows the levels of support and resistance directly on the chart. It uses standard MT4/MT5 Fractal indicator and does quite well in depicting the good levels for the next stop-loss and target-profit prices.
Trade Assistant (MT4, MT5) — a multi-timeframe indicator that analyzes the market conditions on timeframes from M5 to D1 using the Stochastic Oscillator, RSI and CCI standard indicators. The output is a set of buy or sell signals displayed as a table below the chart. It's very easy indicator to trade using both small and large timeframes.
Traders Dynamic Index (MT4) — indicates trend direction, market volatility and trend strength in a separate window of the MetaTrader terminal. It is handy in many trading styles — long-term and scalping. Read the commentary in the code to learn using it (very easy).
TRO MultiPair (MT4) — a multiple timeframe indicator package for multiple currency pair. It shows as a separate terminal window with 3 indicating dots for each of 4 different currency pairs for each MetaTrader time period. Dots combinations serve as the entry signals. The more timeframes show the same combination the more accurate signal is. Red, red, magenta is used to enter short; green, green, cyan is used to enter long. You can select currency pairs via the input parameters. The timeframe and the currency pair of the chart, to which you attach this indicator don’t matter.
TzPivots (MT4, MT5) — daily pivot points indicator with an accurate and informative display. Trader has to set two input parameters: LocalTimeZone — time zone of the MT4/MT5 trading server (e.g. "-5" if it's New York time) and DestTimeZone — time zone of the session for which you want to calculate pivot points (e.g. "+9" for Tokyo trading session pivots).
Var Mov Avg (MT4, MT5) — indicator is based on the calculating of moving averages of the varying periods. It detects crosses that produce buy/sell signals as well as current trend indication. This indicator has a sound alert on signals, which can be turned on and off.
ZigZagOnParabolic (MT4, MT5) — improved version of the standard MetaTrader ZigZag indicator that is based on another MetaTrader standard indicator — Parabolic SAR. Detects chart extrema.
You want to share your own custom MetaTrader indicator for this page? Or do you have any comments/questions regarding any of indicators presented here? Please, visit our forum on MetaTrader Indicators.