RoboFx Forex Trading System

MT4 Free Download

Introduction to the RoboFx Forex Trading System

The RoboFx Forex Trading System is a trend-following forex strategy. We must admit that it is pretty complex and it consists of eight technical analysis forex indicators delivering synergy effect. It is considered to be a profitable trading strategy, however, one needs to be disciplined and follow the rules of the system very strictly.

The RoboFx Forex Trading System fits all kinds of timeframes (but we recommend lower timeframes like M5 or M15) and currency pairs. It is displayed both directly on the main trading chart and in the separate window placed just below it. The default settings are good but can be modified. Feel free to experiment with the settings and parameters to fit your personal preferences.

How to trade with the RoboFx Forex Trading System?

As we mentioned at the beginning of this article, the RoboFx Forex Trading System is made of eight indicators. We will now briefly introduce four of the most important ones:

Super Trend Candles – you can see them on the chart and it’s really to understand them. Simply, the green candles indicate an up-trending market, and the red candles indicate a down-trending market.
Hama System – that lagging forex indicator moves like moving average, but looks like bricks. When you see it blue-colored, it means the market is up-trending. Similarly, once you notice it red-colored, it means the market is considered down-trending.
Power Trend – that forex indicator displays the green and red rectangular boxes, which you can see in the indicator window. When you see green rectangular boxes, it indicates bullish momentum is accelerating in the market. Conversely, when you can notice the red rectangular boxes, that means the bearish momentum is increasing.
Trend History – it is a histogram indicator that changes its color to green and red as per the direction of the market. The green histogram indicates buying force while the red histogram indicates selling force.

Buy Signal

Follow these steps for a long trade:

The overall market is bullish
Super Trend Candles are green
Power Trend is green
Trend History is green
Pallada Main Signal turns blue
Price swings higher from recent low swing
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last swing low of the market
Take profit or exit whenever Hama System turns red or use your own method of trade exit

RoboFx Forex Trading System Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

The overall market is bearish
Super Trend Candles are red
Power Trend is red
Trend History is red
Pallada Main Signal turns red
Price swings lower from recent high swing
Sell trade is triggered after the above conditions are met
Set stop loss a few pips below the last swing low of the market
Take profit or exit whenever Hama System turns blue or use your own method of trade exit

RoboFx Forex Trading System Example of Sell Trade

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the RoboFx Forex Trading System in MT4?

Installation Guide

Download the RoboFx Forex Trading System.rar archive at the bottom of this post, unpack it, then copy and paste the indicators files of the RoboFx Forex Trading System into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Furthermore, to run the RoboFx Forex Trading System you need to copy the template file into the templates folder. To proceed, right-click on a chart, then Template > Open Templates, and then copy the RoboFx Forex Trading System.tpl file into that folder. Now select the file and click Open to load the system on your chart.

Bottom Line

The RoboFx Forex Trading System is well worth adding to your trading collection. A good forex strategy will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex trading system provides false signals occasionally. Its performance will vary significantly depending on market conditions.