FxMagnetic is a popular Forex indicator for MetaTrader 4 that tells you when to Buy or Sell. We designed it for manual trading, especially for beginners, and optimized it to give the best possible signals. FxMagnetic is different than any other trading indicator because it tells you how many winning trades it delivered and how many pips they gained from the last 100 signals.

How FxMagnetic Indicator Can Help Me?

1. Trade Forex using a statistically proven trading strategy which gives exact entry price and direction right on your MT4 charts.
2. Know the exact Stop Loss and Take Profit to set for each trade for best accuracy and performance.
3. See the statistics of the previous 100 trading signals to know what you can expect.
4. Use FxMagnetic as a leading indicator or as a secondary indicator to confirm your own market analysis.

Why Choose FxMagnetic?

-Shows stats of the last 100 trading signals

-Shows details of a current signal (Entry/SL/TP)

-Shows details about the last closed signal (Entry/Exit/Profit in pips)

-Shows outcome of each previous signals (entry point and profit loss in pips)

-Does not repaint and show all trading signals (losing and winning)

The FxMagnetic manual trading indicator is truly awesome and traders are excited to use it. But being an honest Forex software provider I need to tell you that this is not a holy grail and you need to use your common sense for each entry. For example, if there are lots of negative news for EUR/USD then it probably not such a good idea to follow BUY signals.

We do not have a crystal ball and cannot see the future. What this indicator does is using a special algorithm to detect best possible Forex trades. FxMagnetic also shows the statistics of the last 100 trades (if your broker has enough history data) which allows to measure and display the Winning Rate (%). There will be losing and winning trades. Sometimes several losing trades in a row possibly followed by several winners, etc. What’s important is to catch more winning trades than losing trades. But even if you catch the same amount of winners and losers you still should be in profit because of the 1.63 risk-to-reward ratios.

Feel free to change indicator parameters to find your own best combination of entries or simply use default settings. Also, note that different brokers have different price history data so you might see different entry signals on different brokers. Personally, I use FxMagnetic on GBE Brokers.

FxMagnetic Indicator Review:

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