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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.)

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.

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.

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.

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.

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.

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.

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.

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.

Absolutely, the FxMagnetic™ indicator offers sound alerts, popup alerts, email alerts, and push alerts within MT4 to keep you updated without constant screen monitoring.

FxMagnetic™ works on all markets and pairs that are available on MT4 (Forex, Gold, Oil, Stocks, Commodities, etc.).

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.

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.

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.

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.

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.