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FX Eagle Forex System – secret formula to help traders

Published: 06.12.2019
Reading time: 14 minutes
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FX Eagle Forex System is a classic Forex trading system that consists of two indicators: a signal indicator (FX Eagle Signal Indicator) and a filter (FX Eagle Dashboard). The system is not repainted and has good performance indicators according to the developers.

Characteristics of the FX Eagle Forex System

  • Platform: Metatrader4
  • Currency pairs: Any Currency Pairs, Commodities, Stock, Indices
  • Trading Time: Around the clock
  • Timeframe: M5-D1
  • Recommended broker: Alpari, Forex4youRoboForex

FX Eagle Dashboard

FX Eagle Dashboard is a kind of advanced trend analyzer that measures the strongest trend on multiple timeframes using a secret formula. It shows rectangles with the name of the currency pair. The color of the rectangles means the following:

  • Blue - only buy trades (ignore sell trades)
  • Red - only sell trades (ignore buy trades)
  • Grey (Neutral) - no trade

fx-eagle-dashboard

By the way, you can switch between charts by simply double-clicking inside the rectangle with the desired currency pair, and the chart will load instantly. It is very comfortable.

In addition, you can change/add/remove trading assets via the indicator’s inputs tab. Here you can change the colors of the rectangles, font size and enable/disable alerts (enabled by default):

fx-eagle-dashboard-options

FX Eagle Signal Indicator and Trading Rules

BUY signal - FX Eagle Dashboard is colored BLUE and the FX Eagle Signal Arrow is colored BLUE as well.

Place a Stop Loss below the most recent low.

fx-eagle-forex-software-buy

SELL signal - FX Eagle Dashboard is colored RED and the FX Eagle Signal Arrow is colored RED as well.

Place a Stop Loss above the most recent high.

fx-eagle-forex-software-sell

Below you will find so typical take profit targets for the different timeframes:

Exit the trade (3 options):

  • Go for at least 2:1 reward to risk ratio or exit the trade near the previous swing low/high level (support).
  • When an opposite signal appears.
  • Fixed profit target. It’s simple and you don’t need to calculate anything.

Below you will find so typical take profit targets for the different timeframes:

TimeFrame Take Profit
M5 20-35 pips
M15 25 -40 pips
M30 30-75 pips
H1 50-120 pips
H4 80-200 pips
D1 125-300 pips

As always, follow basic money management and do not risk whiter than 2% of your deposit in a separate transaction. Do not trade during the release of important economic news (see the economic calendar here) and be sure to test on a demo account.

You can also check out a similar and improved Nano Trader FX strategy.

In the archive FX_Eagle_System.rar (46.0 KB):

  • FX Eagle Dashboard.ex4
  • FX Eagle Signal.ex4
  • FX Eagle.tpl

Free Download FX Eagle Forex Software

IGet 1000 No Deposit Bonus
Author:
Daniel
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Comments:
  • Isaac Christopher
    Published: 07.12.2019 Reply to the message

    Looks interesting, let me try it, will share feedback new week start. thanks Dan

  • Donna Y
    Published: 07.12.2019 Reply to the message

    Please let us know how this system performs when you try it. It looks like it's very good and simple to use.

  • Zeib
    Published: 08.12.2019 Reply to the message

    Thanks for the Strategy It Shows very good result

  • Shanmugam Udhaya
    Published: 09.12.2019 Reply to the message

    So how is the performance?

  • Ahmed El Said
    Published: 09.12.2019 Reply to the message

    I have tested it with strategy tester using its buffers but i can’t get it profitable. Using 99% modeling quality and every tick. Multiple TF’s and pairs tested. What are your results may i ask?

  • Isaac Christopher
    Published: 11.12.2019 Reply to the message

    Well for the past 3 days, i have seen good results, but to filter them for max profit, apply Elliot wave theory o us an Elliot wave indicator, and trade only the impulse wave signals provided by FX Eagle. its relable, i mean FX Eagle + Elliot

    • Lopez
      Published: 08.01.2020 Reply to the message

      Hi... Well noted
      Can you please share the link for elliott wave indicator?
      Thanks...

  • acap
    Published: 17.12.2019 Reply to the message

    hi, i can't download the file...after click download, I only be directed to blank page without any download progress. I try downloading file for other system, got no problem.

  • Jessica S.
    Published: 17.12.2019 Reply to the message

    It seems download doesn't work.... tried a few times with no result...

  • HoangMac
    Published: 20.12.2019 Reply to the message

    Tôi đã tải xuống may PC nhưng khi cài đặt trên máy Mac lại không được. Xin hãy Hướng dẫn cho tôi cách cài đặt. Cám ơn nhiều

  • Ravi
    Published: 25.12.2019 Reply to the message

    Please upload ARENA 51 SYSTEM
    :(

    • ?
      Published: 26.12.2019 Reply to the message

      AREA FX 51 System or ARENA 51 SYSTEM?

  • Arjan
    Published: 09.01.2020 Reply to the message

    Hi Mr. Daniel!
    I hope evrything is moving fine with you.
    Can I use this indicator for binary options or digital options?
    All the best!

  • Nasir
    Published: 23.01.2020 Reply to the message

    It's awesome ! i used it demo account , Almost 100% win

  • Gitau
    Published: 01.02.2020 Reply to the message

    wow

  • Pedro
    Published: 01.02.2020 Reply to the message

    Alguien sabe donde hay que instalarlo.

  • Pedro
    Published: 02.02.2020 Reply to the message

    Hola.
    Me gustaria saber como puedo instalar el sistema FX Eagle Forex.
    Un saludo.

  • persely Kay
    Published: 08.02.2020 Reply to the message

    *IN LOVE* very good piece back tested it

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