ForexCracked.com – Daily Free Forex EAs, Indicators & Strategies (MT4/MT5 Downloads)

[fxcracked]

Question for anyone running bots on small accounts: do you size for the win rate or for the losing streak?

Asking because of a free Deriv bot we went through this month. It targets $10 accounts, which is genuinely useful for anyone starting small, and its recovery logic is published rather than hidden. Run the numbers though and four consecutive losses clear $9.94 of a $10 balance. The strategy is not broken. The account size is just too small to absorb its own ladder.

My rule after testing a lot of these: the smallest account a martingale bot can survive on is roughly ten times its worst documented streak. Curious whether that matches what others have seen.

Full working and the free XML are in the full guide.

Education and review only, high risk of loss, demo first.

 

[fxcracked]

New free indicator write-up, and this one is worth a look if you trade structure on MT4.

Pro Trend Line Indicator

• Platform: MetaTrader 4 only. No MT5 build exists and none is planned.
• What it plots: break-of-structure levels in three significance tiers instead of one generic line.
• Repainting: none. Swings come from price alone, levels appear only after a candle closes, and they stay put once printed.
• Extras: higher-timeframe structure drawn under the working chart, a multi-symbol scanner, and push alerts to the phone.
• Cost: free, around 2,200 downloads so far.

Two things the listing will not tell you. Because nothing commits until a bar closes, you are entering one bar behind, every time. And the on-chart buttons ship with no labels or reference, so the first session is spent clicking things to find out what they do.

One more caveat: the win tally it displays is generated by the indicator itself, not an independent backtest, so it ignores spread and slippage.

Settings and the download are in the detailed review.

Anyone here running structure tools on M5 or lower? Curious whether you hit the same noise we did.

Education and review only, high risk of loss, demo first.

 

[fxcracked]

Adding one of our own to the free pile this week, for the TradingView users here.

Auto Support and Resistance, free and open-source. The short version of what makes it different from the dozens of S/R scripts already out there:

Zones instead of lines, built from swings that have been confirmed rather than guessed. A star rating from one to five, earned one star per touch, so a band price has respected four times looks different from one that formed this morning. Higher timeframe levels, 4H and Daily by default, drawn onto your working chart with a tag so you know which ones the rest of the market can see. And a break-and-flip rule, where a zone that price closes through by more than a small ATR cushion switches sides and stays on the chart in its new role.

Zone height scales with ATR rather than a fixed pip value, which is the setting that lets it work on gold and on the majors without changing the inputs.

It is on ForexCracked with the settings explained, and it runs on the free TradingView plan.

Anyone here trading zones rather than lines? Curious what pivot strength you settle on.

Education and review only, high risk of loss, demo first.

 

[fxcracked]

Something worth flagging for anyone testing EAs on small accounts.

A lot of free robots ship with a default lot size of 0.01 and a stop that is fine on a $1,000 account and reckless on a $100 one. The EA does not know your balance ratio, it just places the trade. The same settings that look conservative in a backtest on a bigger starting balance become a 5 percent risk per position when the account is small enough.

Before running anything, it is worth working out what the EA's default stop costs in dollars at 0.01 lots, then dividing by your actual balance. It takes a minute and it changes which robots are even viable for you.

Anyone here run the same check before testing? Curious whether people look at the percentage or just trust the defaults.

Education and review only, high risk of loss, demo first.