Forex Trading Tool Ratings

Here are my forex trading tool ratings containing all of the forex trading tools that I have reviewed over the years. Each forex trading tool rating includes a brief description, overall rating and link to the forex trading tool review or website.

# NAME RATING DESCRIPTION Statistics LINK
1

Forex Market Sentiment

Forex Market Sentiment
Read review
Ladies and gentlemen I introduce you to one of the BEST Forex Trading Indicators from my experience – Forex Market Sentiment! Wow, where to start with this review. This forex indicator is what a large majority of traders are missing out on and what they should be using to help determine market direction in my...
Functionality
85
Usability
85
Versatility
85
Visit Forex Market Sentiment Website
2

Birts Tick Data Suite

Birts Tick Data Suite
Read review
In this post I will be reviewing the very useful Birts Tick Data Suite. This is the must have forex tool for anyone who wants to back test in the MetaTrader 4 strategy tester – honestly, I would not even think about back testing without it. The MetaTrader 4 strategy tester is well known for...
Functionality
85
Usability
80
Versatility
80
Visit Birts Tick Data Suite Website
3

Myfxbook

Myfxbook Logo
Read review
In this post I will be reviewing the Myfxbook automated analytical tool for your forex trading accounts and a social forex community that supports hundreds of forex brokers and enables users to track, compare, analyse and share their trading activity. Myfxbook is one of the most popular social trading platforms with thousands of traders making...
Functionality
75
Usability
70
Versatility
70
Visit Myfxbook Website
4

ATB Sniper Indicator

ATB Sniper Indicator Review
Read review
In this post I will be reviewing the ATB Sniper Indicator that has been developed for use in the free to download MetaTrader 4 (MT4) trading platform. MT4 is one of the most popular forex trading platforms and is provided by most forex brokers worldwide. You can open a free demo trading account in MT4...
Functionality
70
Usability
70
Versatility
70
Visit ATB Sniper Indicator Website
5

Currency Strength Meter

Currency Strength Meter Review
Read review
In this post I will be reviewing the Currency Strength Meter for the popular and free to download MetaTrader 4 (MT4) trading platform that is currently one of the most widely used online forex trading platform around the world. The Currency Strength Meter is simple to understand, easy to use and profitable when used correctly....
Functionality
70
Usability
70
Versatility
70
Visit Currency Strength Meter Website
6

Fibonacci Golden Zone Indicator

Fibonacci Golden Zone Indicator Review
Read review
In this post I will be reviewing the Fibonacci Golden Zone Indicator for the MetaTrader 4 (MT4) online trading platform. MT4 is one of the most widely used forex trading platform and is used by some of the best forex brokers worldwide. With the Fibonacci Golden Zone Indicator you will no longer need to manually...
Functionality
70
Usability
70
Versatility
70
Visit Fibonacci Golden Zone Indicator Website
7

Forex Tester

Forex Tester
Read review
In this post I will be reviewing the Forex Tester. Forex Tester is forex trading software that simulates trading in the Forex market, which will allow you to learn how to trade whilst also being able to create, test and refine your trading strategies for manual and automated forex trading. The king in this field...
Functionality
70
Usability
70
Versatility
70
Visit Forex Tester Website
8

Savvy MACD Dashboard

Savvy MACD Dashboard Review
Read review
In this post I will review the Savvy MACD Dashboard which is a useful trading tool developed to assist traders with manually trading the forex market. This software runs in the MetaTrader 4 (MT4) trading platform which is used by millions of forex traders around the globe and is free to download from most online...
Functionality
70
Usability
70
Versatility
70
Visit Savvy MACD Dashboard Website
9

Expert Advisor Builder

Expert Advisor Builder
Read review
In this post I will be reviewing the Expert Advisor Builder. Well, I am sure there are many traders and would-be programmers out there who will find the EA builder extremely useful! Have you ever dreamed of having your own manual trading system idea fully automated into your own forex robot? Well, now you can...
Functionality
70
Usability
65
Versatility
70
Visit Expert Advisor Builder Website
10

Forex Copier

Forex Copier
Read review
In this post I will be reviewing Forex Copier which allows you to duplicate and copy trades between MetaTrader 4 (MT4) accounts. It is hard these days to find a reliable trade copier, but the Forex Copier software is the one of the most well known. Of course, it is important that the forex trade...
Functionality
70
Usability
65
Versatility
70
Visit Forex Copier Website
11

Forex Simulator

Forex Simulator
Read review
In this post I will be reviewing Forex Simulator. This is a very useful forex trading tool that allows you to practice trading over historical data by placing and managing orders as if trading in real time. Practice makes perfect and the Forex Simulator tool will allow you to train your trading skills faster without...
Functionality
70
Usability
65
Versatility
70
Visit Forex Simulator Website
12

T-NewsTimer Indicator

T-NewsTimer Indicator
Read review
In this post I will be reviewing the useful T-NewsTimer indicator. This is a forex news release indicator for the free to download MetaTrader 4 trading platform. It is important to be aware of news releases and the impact that they can have on the forex market. Most traders would have to access an external...
Functionality
65
Usability
70
Versatility
70
Visit T-NewsTimer Website
13

FX Blue

FX Blue Logo
Read review
In this post I will be reviewing the FX Blue free web-based service for analyzing and publishing your forex trading results online. Traders from all over the globe can use the FX Blue service to analyze trades from MT4, MT5, cTrader, xOpenHub, Vertex FX, or FXCM TS2. FX Blue has been around since way back...
Functionality
70
Usability
65
Versatility
65
Visit FX Blue Website
14

MT4 Floating Charts

MT4 Floating Charts
Read review
In this post I will be reviewing the MT4 Floating Charts tool. I like this tool, it is unique and useful. Essentially it gives you full multi monitor support for your MetaTrader 4 platform whilst allowing you to detach all of your charts from the platform and move them around the screen. This can be...
Functionality
70
Usability
65
Versatility
65
Visit MT4 Floating Charts Website
15

PitView

PitView Review
Read review
In this post I will be reviewing the useful PitView forex trading tools for use with the MetaTrader 4 (MT4) trading platform what is hugely popular and available from most forex brokers worldwide. PitView is the brain child of Tim Blanchard, a full time Professional Trader & Chief Mentor for PitView™ by Advanced Market Systems,...
Functionality
70
Usability
65
Versatility
65
Visit PitView Website
16

profitF

profitF
Read review
In this post I will be reviewing the ProfitF website. This is a website that primarily compares forex trading software in a very user friendly table with many of helpful advanced filters making it easy to find the correct forex trading software depending on your requirements. There are a wide variety of forex trading softwares...
Functionality
65
Usability
70
Versatility
65
Visit profitF Website
17

FxStat

FxStat Logo
Read review
In this post I will be reviewing the FxStat social trading network where you can instantly connect with 250K+ traders, check any portfolio in the network, check expert advisors (EAs) results and read real time news in forex and other financial markets. FxStat can be integrated with any MT4 forex broker. It is useful for...
Functionality
65
Usability
65
Versatility
65
Visit FxStat Website
18

MoneyRisk Management Trading Tool

MoneyRisk Management Trading Tool Review
Read review
In this post I will review the MoneyRisk Management Trading Tool. If the name wasn’t an obvious giveaway, this is a money management trading tool that has been developed to be used in the MetaTrader 4 (MT4) trading platform which is free to download from most online forex broker. I always use an ECN forex...
Functionality
65
Usability
65
Versatility
65
Visit MoneyRisk Management Trading Tool Website
19

Simple Forex Tester

Simple Forex Tester
Read review
In this post I will be reviewing the Simple Forex Tester which is a trading tool that allows you to rewind history in the MetaTrader 4 trading platform and historically trade your manual trading system. It is a great way to practice using a system and is very easy to use. Training videos are included...
Functionality
65
Usability
65
Versatility
65
Visit Simple Forex Tester Website
20

Trader On Chart

Trader On Chart
Read review
In this post I will be reviewing the Trader On Chart trading tool. Trader On Chart is a very useful manual forex trading tool that gives you a more convenient way to place trades on MetaTrader 4. Trader On Chart runs on your MetaTrader 4 trading charts ready for you to make your commands for...
Functionality
65
Usability
65
Versatility
65
Visit Trader On Chart Website
21

Forex Heat Map

Forex Heat Map
Read review
In this post I will be reviewing the Forex Heat Map trading tool which shows you currency strength and weakness on your MetaTrader 4 charts. This forex trading tool could work well alongside the forex indicator – Forex Market Sentiment – as you would have an extended overview of a currency strength and weakness. T...
Functionality
65
Usability
60
Versatility
65
Visit Forex Heat Map Website
22

Forex Trading Keyboard

Forex Trading Keyboard Logo
Read review
In this post I will be reviewing the Forex Trading Keyboard tool for the popular MetaTrader 4 and MetaTrader 5 trading platforms. This is a very simple tool which comes as an 18 Key customisable hotkey keyboard. The purpose of the tool is to make it quick and easy for you to perform frequent actions...
Functionality
65
Usability
65
Versatility
60
Visit Forex Trading Keyboard Website
23

Forex Profit Defender

Forex Profit Defender
Read review
In this post I will be reviewing the Forex Profit Defender trading tool. Forex Profit Defender has been designed to run in the MetaTrader 4 trading platform and is a complete trailing stop money management tool that will allow you to manage orders that you have placed manually or with other forex trading robots. This...
Functionality
60
Usability
65
Versatility
60
Visit Forex Profit Defender Website
24

MyMT4Book

MyMT4Book Logo
Read review
In this post I will be reviewing the MyMT4Book analyser tool that allows you to instantly analyse MT4 accounts directly from your charts. Users can analyse multiple trading strategies and choose the best ones on MetaTrader 4. This is a time saving tool that runs as an MT4 plugin and can give some useful insights...
Functionality
60
Usability
65
Versatility
60
Visit MyMT4Book Website
25

Forex Analyser

Forex Analyser
Read review
In this post I will be reviewing the Forex Analyser trading software. Forex Analyser is a complete forex trading toolkit that includes lots of tools for trading manually and fully automated. It can give you trading signal alerts via a pop-up window and sound, email and/or SMS push notifications. If you do not have the...
Functionality
60
Usability
60
Versatility
60
Visit Forex Analyser Website
26

Forex Order Manager

Forex Order Manager
Read review
In this post I will be reviewing the Forex Order Manager trading tool. This is a fully automated forex trading tool for MetaTrader 4 that will monitor and manage trades placed manually or by other forex robots on your account. I would say that most forex robots (if not all) have their own built in...
Functionality
60
Usability
60
Versatility
60
Visit Forex Order Manager Website
27

Forex Trendy

Forex Trendy
Read review
In this post I will be reviewing Forex Trendy. This is a useful trading tool for filtering only signals based on the trend. It is hard to categorise Forex Trendy as it is a mixture of signals, a manual trading system and forex robot. To summarise, Forex Trendy is a tool that will scan all...
Functionality
60
Usability
60
Versatility
60
Visit Forex Trendy Website
28

Trade Miner

Trade Miner
Read review
In this post I will be reviewing Trend Miner. Similar to my last review of Forex Trendy it is difficult to put Trade Miner into one single category. I will summarise it by saying it is an automated software platform that will help users to identify seasonal trends and market cycles in forex, stocks and...
Functionality
60
Usability
60
Versatility
60
Visit Trade Miner Website
29

InstantEA

InstantEA Review
Read review
In this post I will review the InstantEA trading software from the LeapFX team. LeapFX have a number of automated and manual trading systems along with trading tools available to purchase through their website. The InstantEA is a tool that can convert technical indicators into automated trading robots without the user needing any specific programming...
Functionality
60
Usability
60
Versatility
55
Visit InstantEA Website
30

Broker Spread Monitoring EA

Broker Spread Monitoring EA Review
Read review
In this post I will review the Broker Spread Monitoring EA which is a forex tool used to monitor broker spreads in the MetaTrader 4 (MT4) trading platform. The spreads of your forex broker can affect your trading along with other factors such as slippage and commission. The spread is basically the difference between the...
Functionality
60
Usability
60
Versatility
50
Visit Broker Spread Monitoring EA Website
31

IceFX’s Trader Agent

IceFX’s Trader Agent
Read review
In this post I will be reviewing IceFX’s Trader Agent. IceFX’s Trader Agent claims to be the ultimate forex trader’s assistant. This is not an automatic trading forex robot (EA) and it does not take trading decisions or open/close positions for you, but it can help you trade manually. Some of the most important information...
Functionality
65
Usability
55
Versatility
50
Visit IceFX’s Trader Agent Website
32

Renko Charting Package

Renko Charting Package
Read review
In this post I will be reviewing the Renko Charting Package. Renko charts display bars as block of pip movement rather than displaying the bars based on time. If you were to set a renko chart to display block of 5, a block would only appear once price has moved either 5 pips up or...
Functionality
60
Usability
50
Versatility
60
Visit Renko Charting Package Website
33

Tony Manso Forex Software

Tony Manso Forex Software
Read review
In this post I will be reviewing the Tony Manso Forex Software. This is a combination of very useful forex trading tools for the MetaTrader 4 trading platform that could benefit any forex trader in their day to day trading. The tools are professional coded and cover a wide range of forex trader needs. They...
Functionality
55
Usability
60
Versatility
55
Visit Tony Manso Forex Software Website
34

Divergence Scanner Dashboard

Divergence Scanner Dashboard Review
Read review
In this post I will review the Divergence Scanner Dashboard which is built for the MetaTrader 4 (MT4) trading platform which is one of the most popular trading platforms used by millions of forex traders around the globe and free to download from most online forex brokers. I always tend to use an ECN forex...
Functionality
55
Usability
55
Versatility
55
Visit Divergence Scanner Dashboard Website
35

Happy Indicators Pro

Happy Indicators Pro Review
Read review
In this post I will review the Happy Indicators Pro indicator package by the team over at Happy Forex. They have developed a selection of forex robots and this is the first set of manual trading tools I have seen from them. I have previously reviewed other forex robots from the developers including the Happy...
Functionality
55
Usability
55
Versatility
55
Visit Happy Indicators Pro Website
36

MT4 Chart Trader

MT4 Chart Trader Review
Read review
In this post I will be reviewing the MT4 Chart Trader which as the name suggests is a forex trading tool for use in the popular and widely used MetaTrader 4 (MT4) trading platform which is free to download from some of the best forex brokers throughout the world. I would always use an ECN...
Functionality
55
Usability
60
Versatility
50
Visit MT4 Chart Trader Website
37

Harmonic Pattern Scanner

Harmonic Pattern Scanner Review
Read review
In this post I will review the Harmonic Pattern Scanner trading tool which is specifically designed for those who have an interest in trading harmonic patterns which can occur on charts. The scanner has been designed to be used on the popular and free to download MetaTrader 4 (MT4) trading platform. It can be used...
Functionality
55
Usability
50
Versatility
55
Visit Harmonic Pattern Scanner Website
38

Trading Manager Pro

Trading Manager Pro
Read review
In this post I will be reviewing the Trading Manager Pro Forex EA (Expert Advisor). This is a very detailed automated forex trading system developed to run in the free to download MetaTrader 4 trading platform. It has over 1,000+ customizable settings due to the vast array of technical indicator analysis incorporated. Do not worry...
Functionality
50
Usability
50
Versatility
55
Visit Trading Manager Pro Website
39

FX Candle Predictor

FX Candle Predictor Review
Read review
In this post I will be reviewing the FX Candle Predictor forex trading tool which aims to predict in what direction the next candle will move and the developer claims that it does not repaint. The FX Candle Predictor is an indicator that runs on the popular MetaTrader 4 (MT4) trading platform and is therefore...
Functionality
50
Usability
50
Versatility
50
Visit FX Candle Predictor Website
40

Ninja Forex

Ninja Forex Review
Read review
I this post I will be reviewing Ninja Forex which is a forex trading website which helps to facilitate interaction with fellow traders to share and learn from each other’s experience. This is not a forex trading tool as such but does include information that could be beneficial to some traders. You can challenge each...
Functionality
50
Usability
50
Versatility
50
Visit Ninja Forex Website
41

Full Arbitrage Trading Tool

Full Arbitrage Trading Tool
Read review
In this post I will be reviewing the Full Arbitrage Trading Tool. This tool can be used on any trading instrument including currencies and commodities. Arbitrage is basically when you buy or sell then immediately look to do the opposite and profit from discrepancies in prices. It requires specific broker conditions and is often frowned...
Functionality
20
Usability
50
Versatility
20
Visit Full Arbitrage Trading Tool Website