Two Lines Indicator Tester is an Indicator, today we review this indicator to answer questions like: Is buying this Indicator worth it? Read through our review to see what experts have to say about this Indicator.
Table of Contents
What Are Forex EAs, Signals or Indicators?
An expert advisor (EA) is software that directs and guide you on what trades to make or pass on. It even automatically starts and carries out trades according to a set of already programmed instructions. Expert advisors are most often deployed on the MT4 or MT5 forex trading platforms.
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We cannot overstate the advantages and usefulness of Expert advisor. Among the many advantages is the slight learning curve involved in using the Expert Advisor. That is to say, you need little learning to use an EA as the trades are being carried out by a set of instructions already made by an expert. Another advantage is that it can consider a lot of variables that humans may not have the time or potential to handle.
It is normal and not out of character for a Forex EA vendor or signal providers to lay claims to their product being a sure-fire way for you to get richer (it’s mostly just marketing.). This is because anyone who is looking for a signal provider is searching for a hassle-free way to make some profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit vendors at the bottom of this article.
Two Lines Indicator Tester Review
This can be found in the Indicator section of the MQL5 marketplace. This indicator was created by Alberto Castellucchio.
How Two Lines Indicator Tester Works
In this section, we cover the strategy of the EA. We also looked at the trade result if they provide any. For the trade results we hold results that are posted on myfxbook to be standard but we also consider fxblue and other alternatives.
This tool is the first part of a series of 3 testers:
• Zero-Crossing Indicator Tester (to be published soon)
• Two lines of
• Line crossing price indicator tester (to be published soon)
What this tester does for you:
– Test and optimize indicators in very few minutes, not hours.
– Make your test results as reliable and consistent as possible. This is very important.
– Can be applied to any instrument, including Forex, Metals, Oil, Indices, Commodities, Bitcoin, and Shares.
– Money management. It is advisable to establish your SL and TP according to ATR for better risk management.
– Scale the winning positions and let your winners run using a delay SL for managing perfect operations (optional).
– Use any automatically calculated risk percentage to match your SL for perfect batch size and money management.
– Optimize and Test any indicator with up to 6 parameters including a “text” parameter.
What you can get with the “Two-Line Indicator Tester”
– Instant access to user training material for those starting with MT4 and indicator testing.
– A list of 1500 free indicators available in MQL5.com already sorted by sections (Two lines, Zero, Price crossing) so that you can immediately start testing immediately (this is another massive time saving).
– An Excel sheet to test your indicators in an organized way.
Limitations of the EA:
– You can test indicators with up to 8 numerical inputs
– You will be able to test the indicators with a maximum of one input string.
– As the EA has been created to be used to return to the test rental or demo will not be available
Client Feedback
Customer feedback is a vital instrument for us to offer up a quantitative review and analysis of an Indicator. We mostly consider feedback a third-party site as we have found that reviews on the official page might be manipulated, concocted or paid for.
We could not find many reviews by customers who had used this Indicator before, at least not enough to form a conclusive decision.
Read through our EA reviews like Smart Charts Review to compare and contrast the services they offer. You can also read our reviews onAlgominr, FxPriemere, and SwingVip.
Conclusion
We recommend downloading the demo and trying it out first to find out if it works for you before making a purchase or rental.
EXPERT RECOMMENDATION: Use the Best Forex EAs/Robots in the Market Below
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