Attention Forex and Stock Traders: This candlestick scanner indicator for MT4 is nothing like you have seen before...
For Stocks, Forex, Commodities, And More. With This New Advanced Candlestick Pattern Software, you can…
What's included in the package...
Highly Rated On TrustPilot And Forex Peace Army
Helped Several Traders Pass Prop Challenges
Copies Sold And Counting
For New And Seasoned Traders
Key Features
Peak into FxMagnetic’s™ unique synergistic features designed to save you time in finding a profitable trading strategy.
Receive buy and sell signals based on Hammer, Hanging Man, Pinbar, Engulfing, Morning Star, Evening Star, and other patterns with less effort.
Receive signals only from completed and confirmed candlestick patterns which reduces the risk of bad trade entry.
Gain insights from your numbers displayed within the charts for a better and faster decision making process.
Auto refine and further improve your strategy, whenever you need to, for better performance and trade results.
Set the best stop-loss and take-profit levels for every trade — less the need to compute the pip distances.
Spend less time dragging lines on the chart with the optimal entry and exit auto calculated in every trade idea.
Analyzing a candlestick pattern’s profitability is now made easy through the auto backtest feature.
Efficient trade management with up to 100 trading signals on your chart
Sends instant notifications via sound, popup, email, and push alerts, freeing you from constant screen-watching.
Unlock Faster, Better Trading Results
I have been in Forex for over 20 years, and FxMagnetic has to be hands down the best indicator I have ever used.
Within seconds, you can test out a strategy's performance. Even better, you have on your chart a little box where you can key in numbers and fine-tune to your exact trading style. Long, medium, or short term.
Bernard Lewis, California, USA
Rimantas' video tutorials are a must-watch! Every time I have a question about the software, all I need to do is continue watching, and he always answers it perfectly. I've taken other courses, but no one explains things like Rimantas. He not only covers how each piece of software works but also guides you through all the pitfalls of installation. Truly unmatched expertise!
Victor Dziuba, United States
"After 10 years of searching, I found FxMagnetic™ candlestick pattern software. After spending a couple of days watching the video course and learning how to operate it, I quickly gained 10% in just a few weeks with low risk. Now, I'm on my way to getting a funded account!"
Anthony M., United Kingdom
"The FxMagnetic indicator has transformed my trading, generating profits across currencies, raw materials, indices, and even stocks! I have also upgraded to the Autotrader license (EA), so I don't have to be glued to my computer all day, and it is a marvel! It manages trades while I am living my life. All I need to do is adjust it weekly and collect profits Rimantas's trading tools are very affordable, incredibly powerful, and genuinely effective!"
Yolanda Maria Franco, Spain
"FxMagnetic makes my trading much easier. Pick candlestick patterns you like best, and then FxMagnetic will do the backtesting for you. The latest update has also added various trend filters that improve the results. You must follow video lessons and practice to find the best strategies. There is also good support, but the best thing is that you can automate trades based on your strategy."
Christer Vipperman, Sweden
"I have followed Rimantas for many years and always found his products to be of a very high standard. I have never come across an indicator before that can be optimized and tested within MT4 as FxMagnetic. It is truly a pleasure to use."
Roland M, Australia
"The FxMagnetic software is excellent trading software, using candlestick patterns. It has an optimizer tool and an auto-trader, making it great software for anyone who wants to trade professionally without letting their feelings get in the way."
Ajakaiye Kenneth,
Trader for 10+ years
"FxMagnetic is an alternative to the typical high-risk strategies like martingale/grid. This tool offers robust risk management and adaptability to market dynamics. Using the M5 timeframe on major pairs, I've achieved a favorable Risk:Reward of 1:1.5 over 100 trades."
Markus Topf, Switzerland
"I began using FXMagnetic in August 2023 and it's amazing! It took me a few weeks to learn by watching the videos. Now, I use it on several accounts and win more trades than previously. It's super helpful! Remember, choosing a good broker is key. I really love it!"
Brad Thelad, Singapore
"Rimantas has taken indicator trading to a whole new level. FxMagnetic removes any guesswork and sets traders up for success right off the bat. Its unique algorithm that allows optimization right on the chart sets it apart from the rest."
Jide Ojo, Canada
"I've been using FxMagnetic for 6 months, effortlessly backtesting gold and gaining over 6000 pips in just 3 months, all hands-free without monitoring the market 24/7. It's a must-have for seamless transition from testing to live trading."
Ammar Azmarli, Cyprus
How It Works
Discover the specifics on why FxMagnetic™ works and how it can help you make better trading decisions to speed up your results.
FxMagnetic™ scans candlestick patterns (i.e., Hammer, Hanging Man, Pinbar, Engulfing Patterns, Morning Star, Evening Star, etc.) to identify buying and selling opportunities —so you don’t have to spot patterns manually.
FxMagnetic™ scans candlestick patterns (i.e., Hammer, Hanging Man, Pinbar, Engulfing Patterns, Morning Star, Evening Star, etc.) to identify buying and selling opportunities —so you don’t have to spot patterns manually.
The Predictive Analytics method gives you insight on how frequently a pattern wins or loses in your chosen pair, timeframe, and settings. It's like a trading simulator showing you how the strategy performed in the past.
The Predictive Analytics method gives you insight on how frequently a pattern wins or loses in your chosen pair, timeframe, and settings. It's like a trading simulator showing you how the strategy performed in the past.
The Parameter Optimization Matrix then figures out the best optimal trade settings for maximized gains and minimized losses.
The Parameter Optimization Matrix then figures out the best optimal trade settings for maximized gains and minimized losses.
FxMagnetic™ runs an analysis on a candlestick pattern to find the best entry and exit price levels to trade.
FxMagnetic™ runs an analysis on a candlestick pattern to find the best entry and exit price levels to trade.
With the patterns displayed on charts, get more context on the market’s direction so you can plan your next move.
With the patterns displayed on charts, get more context on the market’s direction so you can plan your next move.
Choose how to get notified (sound, popup, email, and push alerts), so you don’t have to look at the charts every minute.
Choose how to get notified (sound, popup, email, and push alerts), so you don’t have to look at the charts every minute.
Use Autotrader to follow the strategies you create. Autotrader will calculate position size and place your trades automatically so you don’t have to do it manually.
Use Autotrader to follow the strategies you create. Autotrader will calculate position size and place your trades automatically so you don’t have to do it manually.
FxMagnetic™ Candlestick Labs is an easy-to-use tool for discovering and trading profitable candlestick patterns. With over 12 patterns and two powerful apps (Scanner and Autotrader), it simplifies trading and boosts your potential profits. The Scanner helps you instantly test strategies on historical data and optimize them for the highest profit potential. The Autotrader can automatically trade that strategy with built-in risk management.
The video course provides a step-by-step guide on using FxMagnetic™ to effectively trade specific candlestick patterns. Learn to setup FxMagnetic™ on Metatrader, understand various FxMagnetic™ trading styles, optimize parameters across multiple pairs/timeframes, and re-optimize for market changes.
Forex Trading For Beginners Guide provides a comprehensive introduction to the world of Forex trading, offering essential insights for beginners. While the guide won't turn you into a pro overnight, it assures a strong start in your Forex journey towards financial freedom. Learn top 7 beginner trading mistakes, build confidence in trading, and figure out the things to avoid at all costs.
Get started quickly with 60 FxMagnetic example settings! Includes 10 currency pairs. Perfect for new traders to learn and start trading effectively. Easy and fast setup for better trading results.
I've spent a few hundreds of dollars on a detailed research to create this Google Sheets document that lists the Top Forex Prop Firms using Metatrader that allow Automated Trading and Trade Copier. It's like having a handy guidebook that tells you exactly where to go and who to talk to. Plus, it's super easy to understand, even if you're new to Forex!
Dive into a world where trading becomes a shared adventure with the Elite Traders Discord Group! This isn’t just a group; it’s YOUR new trading family. Here, traders of all levels come together to share their wins, favorite strategies, and tried-and-true settings in Forex, Gold, and Index markets. Imagine having a friendly space to discuss your trades, get advice, and celebrate your wins!
Download FxMagnetic tutorials in your language! Available in English, Español, Français, Italiano, and Português. Easy-to-follow PDF guides to help you understand and use FxMagnetic better. Perfect for traders who prefer learning in their own language.
The Search For Profitable Trading Ends here.
What is the difference between FxMagnetic RSI Trader, FxMagnetic Onyx, and FxMagnetic Candlestick Labs?
FxMagnetic Suite contains different apps, all of which work in a similar way but have unique trading strategies built in.
Every app in the FxMagnetic Suite comes in two pieces: the Scanner (indicator) and the Autotrader. This is the main idea of the FxMagnetic software. The Scanner (indicator) helps discover and optimize strategies for the highest potential. The Autotrader allows you to trade that strategy automatically.
When we started building FxMagnetic, we created six different scanners and six auto traders for trading different sets of candlestick patterns, such as hammer and hanging man, bullish and bearish engulfing, etc. Those apps were FxMagnetic HHM, FxMagnetic Engulfing, FxMagnetic STAR, FxMagnetic Onyx, FxMagnetic Phoenix, and FxMagnetic Binbar. Recently, we combined them into one FxMagnetic Candlestick Labs.
FxMagnetic Candlestick Labs includes two apps for trading all 12+ patterns. One app is Candlestick Scanner (indicator), which helps discover strategies and optimize them for the highest potential. Another app is Candlestick Autotrader, which allows you to trade that strategy automatically.
Then, we started building apps for trading strategies based on technical indicators like RSI. This is how FxMagnetic RSI Trader was born.
FxMagnetic RSI Trader also includes two apps for trading RSI-related strategies. One app is RSI Scanner, which helps discover and optimize strategies for the highest potential. Another app is RSI Autotrader, which allows you to trade that strategy automatically.
How much can FxMagnetic™ improve my trading success in Forex, and can it guarantee that I will win in my trades?
FxMagnetic™ is here to help you with your trading, but it can't do everything for you. Winning in trading depends on how well you, the trader, can adjust to changes in the market, choose the right strategies, figure out which way the market is going, pick the best currency pairs and time to trade, and manage your risks wisely. FxMagnetic™ operates on probabilities, and it is a wonderful tool for any trader, but it would be wrong to say that the success of winning is in the hands of FxMagnetic™ alone.
Imagine you're the captain of a ship with a high-tech navigation system. This system, like FxMagnetic, helps you find the best route, avoid storms, and sail smoothly. However, the ship's safe and successful journey isn't solely thanks to the navigation system. It's the captain's skill in using this tool, making smart decisions, and adapting to the changing sea conditions that truly ensures the ship reaches its destination successfully. Just as the navigation system supports the captain, FxMagnetic supports a trader, but success ultimately depends on the trader's skills and decisions.
Can I use FxMagnetic™ for a Prop Firm Challenge and what are the best trading settings to help me pass?
Absolutely, FxMagnetic™ is a tool you can use for Prop Firm Challenges. Traders have successfully used it to get funding. But remember, there isn't a one-size-fits-all setting for passing these challenges. It's essential for you to make your own strategic choices. While we do provide example settings to help you start, we can't guarantee they'll always work because the market changes often. That's why it's important for you to adjust and fine-tune these settings to fit your specific trading situation and your broker. You might want to look at settings others have used in our Discord group, but always remember to adapt them to your own trading style and the current market conditions.
In short, FxMagnetic™ provides you with a sophisticated tool to help find the best settings for your trading, but the responsibility of choosing, adapting, and continuously updating these settings to match the ever-changing market lies with you.
How does FxMagnetic™ compare to other MT4 indicators?
FxMagnetic™ outperforms other MT4 indicators with its optimization function, enabling traders to find the best strategy parameters for higher win rates. So far, we do not know anything else like this in the market that allows you to discover winning strategies in minutes by running thousands of strategy simulations and finding the best parameters based on informed decisions and history data. Doing this work manually will take ages. This software saves you thousands of hours in manual labor.
Can FxMagnetic™ improve my win rate in Forex & Stock trading?
Yes, FxMagnetic™ can potentially improve your win rate by providing optimized Buy and Sell signals based on trading strategies that are coded into the algorithm of specific FxMagnetic™ version (i.e., Hammer & Hanging Man, Pinbar, Bullish & Bearish Engulfing, RSI, etc).
FxMagnetic operates on probabilities, and it is a wonderful tool for any trader, but it would be wrong to say that the success of winning is in the hands of FxMagnetic alone.
Imagine you're the captain of a ship with a high-tech navigation system. This system, like FxMagnetic, helps you find the best route, avoid storms, and sail smoothly. However, the ship's safe and successful journey isn't solely thanks to the navigation system. It's the captain's skill in using this tool, making smart decisions, and adapting to the changing sea conditions that truly ensures the ship reaches its destination successfully. Just as the navigation system supports the captain, FxMagnetic supports a trader, but success ultimately depends on the trader's skills and decisions.
What are the recommended pairs and timeframes to trade?
I recommend trading those pairs that you like yourself. It can be anything you have on your MT4.
We see most people trade GOLD, DAX, US30, OIL, and major currency pairs like EURUSD, GBPUSD, etc.
As for the timeframe, the bigger the timeframe, the less market noise there will be, which means likely more accurate signals. This is for swing traders who like to take a few trades a month. If you choose to trade small timeframes, you may expect more market noise and a higher chance of false signals, but you'd get more action and several trades per week or even daily.
Remember, an indicator does not give a signal just for the sake of giving the signals because you want action. The indicator gives signals when the market forms candlestick patterns according to your chosen trading strategy and parameters. How often you get signals depends on your settings and how often the market will form these patterns.
How often should I optimize the strategy parameters with FxMagnetic™?
Optimizing strategy parameters with FxMagnetic™ should be done weekly or when you feel market conditions have changed significantly.
As a general rule of thumb, re-optimize your strategy parameters after you trade about 5 signals. On 1-minute chart this might happen in a day, on 15-minute chart this might happen in 2 weeks.
What makes FxMagnetic™ unique from other trading software and indicators?
FxMagnetic™ is unique due to its optimization function, comprehensive stats display, and signal outcomes shown directly on the chart. So far, we do not know anything else like this in the market that allows you to discover winning strategies in minutes by running thousands of strategy simulations and finding the best parameters based on informed decisions and history data. Doing this work manually will take ages. This software saves you thousands of hours in manual labor.
Can I use FxMagnetic™ with other trading strategies and tools?
Yes, you can combine FxMagnetic™ with other trading strategies and tools to enhance your overall trading approach. But, in this case, you will not know the win rate of your signals as FxMagnetic™ measures only signals based on its logic.
How do I get started with the FxMagnetic™ software on MT4?
To get started, simply install FxMagnetic™ on your MT4, configure strategy parameters, and begin optimizing for the best results on your chosen currency pair and timeframe. We provide video masterclass that you should watch before using the software as it shows you step-by-step how to use it and explains the process in detail.
Is FxMagnetic™ suitable for beginners in forex trading?
FxMagnetic™ is suitable for both beginners and experienced traders as it simplifies the trading process with clear buy/sell signals and optimization. It allows you to discover winning strategies in minutes by running thousands of strategy simulations and finding the best parameters based on informed decisions and historical data. Doing this work manually will take ages. This software saves you thousands of hours in manual labor.
How do candlestick patterns affect FxMagnetic™ signals?
Candlestick patterns form the basis of the FxMagnetic™ strategy, helping traders identify potential market reversals. There are various versions of FxMagnetic™ following different candlestick pattern strategies (i.e., Hammer & Hanging Man, Pinbar, Bullish & Bearish Engulfing). Not all FxMagnetic versions are based on candlestick patterns. Others might be based on RSI and other technical indicators.
What timeframes and currency pairs are best suited for FxMagnetic™?
FxMagnetic™ works well with various timeframes and currency pairs, but optimization will help determine the best settings for each. You can use it on any instrument you have in your MT4 (Forex, Gold, Oil, Stocks, Commodities, etc.)
Is there a one-time payment option available?
Yes, we provide a one-payment plan for the FxMagnetic™ (lifetime license), and after purchasing the annual plan, you'll have the opportunity to upgrade.
Can the FxMagnetic™ indicator be incorporated into custom MQL4 Expert Advisors or indicators?
The FxMagnetic™ indicator, in its current design, doesn't incorporate BUY and SELL buffers. This choice is due to its incorporation of advanced algorithms, which does not align with the straightforward integration with other indicators or EAs through the MQL4 iCustom() function.
What can I expect for the monthly return with this strategy?
The FxMagnetic™ indicator primarily focuses on enhancing win rates and providing strategy insights for BUY and SELL signals. Estimating a specific monthly return is difficult, as it depends on numerous factors such as timeframe, traded instrument, and chosen parameters, among others. Providing an exact answer is not feasible.
Can I access a free trial for FxMagnetic™?
We don't provide a free trial for FxMagnetic™; however, we offer a money-back guarantee if you don't see a higher win rate within your first 30 days of using this indicator. See our refund policy for more information.
What is the renewal cost after one year?
We can't guarantee the same renewal price after a year because we remain the right to increase the price anytime for future payments. This is why it is best to upgrade to the One-Payment plan. You will be given this opportunity after you purchase the software.
Does FxMagnetic™ indicator repaint signals?
FxMagnetic™ is a non-repainting indicator. It displays the outcomes of previous signals based on candlesticks that have already closed, so we are sure signals will not repaint.
Is there a FxMagnetic™ indicator available for MT5?
Currently, FxMagnetic™ is exclusive to MT4. We might develop an MT5 version in the future. However, you can use FxMagnetic™ on MT4 to generate signals and manually execute them on MT5 or any other trading platform. Also, with a Local Trade Copier™ from www.mt4copier.com, you can replicate these trades on one or multiple MT5 accounts, allowing MT4 strategies to be automatically applied on MT5.
What's the minimum account balance I need to trade with FxMagnetic™?
While a larger balance can yield higher profits, you can begin with as little as $500, especially if you're new to trading. We also recommend practicing on a demo account initially. The absolute minimum is $50, but managing risks on such a small account might be difficult.
Is it possible for the FxMagnetic™ indicator to send me notifications for entry points? I can't monitor my screen all day.
Absolutely, the FxMagnetic™ indicator offers sound alerts, popup alerts, email alerts, and push alerts within MT4 to keep you updated without constant screen monitoring.
Does FxMagnetic™ work on other markets like NAS or Oil?
FxMagnetic™ works on all markets and pairs that are available on MT4 (Forex, Gold, Oil, Stocks, Commodities, etc.).
Does FxMagnetic™ work on NinjaTrader 8 or any other platform other than MT4?
Currently, FxMagnetic™ is exclusive to MT4. But this might not stop you from using its signals on NinjaTrader or any other platform. You can use it on MT4 to give you signals and then manually execute them on NinjaTrader or any other trading platform.
How does the FxMagnetic™ Autotrader (EA) work with high-impact news events? Does it still trade during new events? Does it trade through all sessions, like the Asia, London, and US sessions?
FxMagnetic™ Autotrader (EA) does not know when there are news that can change the market. But, you can turn it off by yourself if needed. If the EA is working on a chart, it will start and finish trades by following signals from the indicator. Two things that can affect the results are 'slippage' and 'spread'. This means the results can differ if there is a bigger spread or slippage, especially when the EA places a trade while news is being shared. If you are not doing 'scalping' (making many small trades in one day to get a little profit from each one), these changes should not matter too much in the long run.
Can I use the software on multiple MT4 accounts, computers, or VPS?
You can use the software on any number of MT4 accounts, but the license is limited to one device at a time (like a computer, PC, laptop, or VPS). If you want to move it to a different device, you can transfer the license, but it will stop working on the previous one.
If I want to trade on 10 pairs, would I need to purchase 10 licenses?
No, you do not need to buy 10 licenses to use the software for trading on 10 pairs. One FxMagnetic™ software license works on one computer/VPS and you can have unlimited Metatrader platforms and unlimited charts with the FxMagnetic™ software.
Is FxMagnetic™ compatible with MacBook Pro?
FxMagnetic™ can be used on a MacBook Pro, but running MetaTrader on macOS can be tricky without extra software. Some users successfully use a tool called Parallels for Mac to run MetaTrader on their Mac, but it can be complex to set up.
A better option for automated trading is renting a VPS (Virtual Private Server). With a VPS, you can run MetaTrader 24/7 without needing to keep your laptop on or online all the time. This is especially useful for automated strategies, as the VPS keeps everything running even if your laptop is off or in sleep mode.
The setup for MetaTrader and FxMagnetic on a VPS is exactly the same as on a laptop. You can easily copy and paste the installation files into the VPS and use the auto-installer, just like you would on a regular laptop, so it doesn't take any extra time.
For trading automation, we highly recommend using a VPS. It’s reliable and ensures continuous trading without the need for your computer to be constantly on.
30-Day Win Rate Boost Guarantee: We're confident that FxMagnetic™ will help increase your win rate by identifying profitable opportunities. If you don't see a higher win rate within your first 30 days of using our software, simply provide your trading history as proof, and we'll gladly refund your full purchase price. We expect you to watch all training videos, implement all strategies taught in the program, and complete every corresponding action item in the course. In other words, refunds are given if you complete the full program and do not reach realistic goals.
Dedicated to your Forex success since 2009
For over a decade, Rimantas Petrauskas has been a trusted and influential name in the Forex industry, renowned for his expertise and innovative contributions. Creator of the acclaimed Local Trade Copier™ and founder of EA Coder, Rimantas has consistently delivered high-quality tools to improve and simplify Forex trading.
His journey began as a trader himself, where he experienced firsthand the challenges and complexities of the Forex market. He noticed the lack of accessible, user-friendly tools that could help traders understand and navigate the market more efficiently. This realization sparked a drive within him to develop solutions that would fill this gap.
With the vision to empower traders around the globe, Rimantas created the FxMagnetic™ Indicator and Autotrader (EA). He recognized the struggle that many traders face – a lack of reliable strategies and the uncertainty of trade outcomes. His intention was to craft a tool that would not only provide clear, optimized signals based on popular candlestick patterns but also improve traders' win rates and confidence in their strategies.
The FxMagnetic™ is a testament to Rimantas' commitment to aiding traders in their journey. It is his belief that with the right tools and knowledge, anyone can navigate the Forex market successfully. This passion and dedication continue to drive his innovations and make a positive impact on the Forex trading community.
The Search For Profitable Trading Ends here.
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