A few weeks ago, I mentioned the FXCM App Store was coming soon. Well it is finally here!
The app store launched this week, and it is starting out with around 40 apps for MT4 including scripts, EA’s, and stand-alone apps. This is just the beginning, and we plan to release more apps in the coming months for MT4, Trading Station, and possibly other platforms.
Below are 3 apps you can test for free, and there are more on the website. If you have suggestions for additional apps, please do let me know, and I will ask the programming services team if they can be added to the website.
DailyFX PLUS Trading Signals—Breakout2 (Expert Advisor)
Those of you that use DailyFX PLUS will likely have heard of Breakout2. You can now automate the strategy to run on MT4 rather than having to visit the website to check for updates and then manually place trades on your platform.
Breakout 2 is one of the six strategies in the “classic” DailyFX signals. It’s designed to perform best in market conditions where price is likely to move through an identified support or resistance level. When this happens, trading volume and price volatility often increase. Breakout2 attempts to capitalize on these increases by recommending to buy or sell in the direction of the breakout. We will likely release more of the DailyFX PLUS strategies for MT4 automation, so stay tuned.
Click here to download Breakout 2 for the FXCM MetaTrader 4 platform
Trend Identifier (Indicator)
This indicator is pretty self-explanatory, and it incorporates the Aroon indicator for trend identification. The indicator displays two lines: “Aroon up,” which measures the strength of the uptrend, and “Aroon down,” which measures the strength of the downtrend. Both lines fluctuate between values of zero and 100, with values near zero representing a weak trend and values near 100 representing a strong trend.
Click here to download Trend Identifier for FXCM MT4
Quick Buy (Script)
This app lets you open trades on MT4 in one click similar to how one-click trading works on the Trading Station desktop platform. You can even pre-set your stop-loss and take-profit levels.
Click here to download Quick Buy for FXCM MT4
All of these apps can be used on FXCM’s MetaTrader 4 platform, so if you’re using our MT4, enjoy! If not, you can register for an FXCM MT4 demo. And again, let me know, if you have suggestions for new EA’s, scripts, etc. Stay tuned for an app that will let you automatically share your trades with your friends on facebook and twitter.