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Attention Forex and Stock Traders: This MT4 Indicator Makes Backtesting and Optimization Easy Even For Beginners
Transform your trading experience with the ultimate price action trading indicator for Metatrader 4.
FxMagnetic HHM™ utilizes predictive analysis through its proprietary algorithm and optimization feature. By examining historical trading data, the algorithm is able to detect recurring candlestick patterns (Hammer and Hanging Man). These patterns are then analyzed to provide probable buy and sell signals, enhancing the predictive capability of the tool.
The built-in optimization feature takes this a step further by testing various parameters based on past data to identify the most profitable combinations. This enables FxMagnetic HHM™ to offer suggested trade entry and exit points, aiding in forecasting future trading opportunities. This combination of features effectively harnesses the power of predictive analysis to guide trading decisions.
Where Trading Wisdom Meets Simplicity: A Pathway to Forex Success Designed for You
Forex trading can feel like a big maze, right?
All those indicators and EAs promising big bucks, it's a whole lot of noise.
Here's where our FxMagnetic HHM™ takes a different route. No big promises. Just honest help.
So, how does FxMagnetic HHM™ work?
It's like a guide helping you spot Hammer & Hanging Man patterns.
Yes, you could do it yourself, but it's like finding a lucky coin in a huge park. FxMagnetic HHM™ is like a metal detector, making your job easier.
Now, once you spot these patterns, you need to know when to buy or sell and when to exit. That's where our magic feature comes in - the optimization function.
It's like a time traveler, it looks at past trades, tries different buy/sell and exit points, and figures out what worked the best. You can see all this happen on your chart.
No other tool can do this.
But you can't be trading all the time, right? That's where our Autotrader comes into play. It works like a robot, doing the trading for you based on the settings you found. It's like having a helper who never sleeps or gets distracted.
You also have the freedom to pick your trade direction with FxMagnetic HHM™ Autotrader. You can set them to only buy or sell or both. It's like setting your own rules for a game.
Remember, your success still depends on you. Just like in any game, it's not just the tools, but how you use them that makes you a winner.
We won't promise that you'll always win. But, we promise to give you a tool that can help you make better decisions than just guessing. That's our honest promise with FxMagnetic HHM™ - a buddy to help you navigate the world of Forex.
Rimantas Petrauskas
Dedicated to your Forex success since 2009
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 HHM™ Indicator. 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 the Hammer & Hanging Man candlestick patterns but also improve traders' win rates and confidence in their strategies.
The FxMagnetic HHM™ Indicator 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.
Discover FxMagnetic HHM™, the ultimate tool for precise buy and sell signals based on Hammer and Hanging Man candlestick patterns, providing you with clear entry and exit points!
Providing non-repainting and accurate signals based on historical data for reliable trading decisions
Detects optimal stop-loss and take-profit parameters, eliminating the guesswork to protect your funds
Sends instant notifications via sound, popup, email, and push alerts, freeing you from constant screen-watching.
Precise buy and sell signals based on Hammer and Hanging Man patterns
In-depth performance analytics for informed decision-making
Built-in optimization feature to find the best parameters and maximize profit potential
Comprehensive data on current and closed signals
Efficient trade management with up to 100 trading signals on your chart
Save time and energy with automated analysis
Official Bio
This paragraph is a great place to introduce yourself or your business, or the service you offer.
Use this section to draw your visitor into the page, and expertly show them why they need to consider your business as opposed to other businesses in your niche.
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Ready to Improve Your Candlestick Strategy in Just 10 minutes?
Without FxMagnetic™
With FxMagnetic™
FxMagnetic HHM™ is the market's next-gen tool that fine-tunes Hammer & Hanging Man patterns in real-time. It’s your ticket to a streamlined, laser-focused trading experience that keeps you a step ahead.
FxMagnetic HHM™ is like having a seasoned trader whispering in your ear, guiding you to make smarter, calculated decisions based on precise candlestick patterns in the market - letting you trade with confidence, even if you're new to Forex.
1-year software license: FxMagnetic HHM™ for MT4
If you want to start copying trades to a few accounts right away, then our team will do the installation for you. You’ll have to provide them access through AnyDesk software (very easy), and our team will connect to your computer remotely and do the installation while you are at the computer. You’ll see everything they do.
Done-For-You Installation Service: VIP Fast Track Pass
"Forex Trading For Beginners: The Only Guide You Need To Read" 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.
Remember, understanding the basics of currency trading is the first step towards successful trading, and this guide is all you need to kickstart your journey.
PDF: Forex Trading For Beginners (The Only Guide You Need To Read)
Enhance your trading toolkit with the Candlestick Patterns Cheat Sheet, a high-quality, vectorized and printable PDF wall poster. This detailed guide presents various candlestick patterns for quick and easy reference.
PDF: Candlestick Patterns Cheat Sheet (High quality printable PDF)
The video course "How to Trade Hammer & Hanging Man Candlestick Patterns" provides a step-by-step guide on using FxMagnetic HHM™ to effectively trade these specific candlestick patterns.
This comprehensive course not only teaches you to identify these patterns but also demonstrates the use of the optimization function for finding the best parameters across multiple pairs and timeframes.
Gain a deeper understanding of trading dynamics and refine your strategies with this in-depth, instructional resource.
Video course: How to trade Hammer & Hanging Man Candlestick Patterns
Still Undecided?
FxMagnetic HHM™ provides accurate buy and sell signals based on Hammer and Hanging Man candlestick patterns, enabling traders to make informed decisions regarding entry and exit points.
Here's exactly what you're getting...
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 HHM™ 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 indicator, simply provide your trading history as proof, and we'll gladly refund your full purchase price. No questions asked!
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