Abnormal situation
by Nikolay Tyumin · MT4
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Summary
Abiroid Elder Ray Index is an MT4 indicator by Abir Pathak priced at $50. It aims to apply Elder's bull and bear power concept within MT4, but rating is N/A and no verified performance stats are available. Traders compare it to other MT4 tools covering VWAP, EAPad utility, automated Gold strategies, generic EAs, and supply-demand overlays. Consider broker spreads, execution, and drawdown risk before buying. For users seeking proven verified track records, FxRobotEasy also reviews bots with published performance and should be consulted alongside any indicator purchase.
Retail forex traders compare Abiroid Elder Ray Index with alternatives to decide which MT4 tool best complements their trading style and risk tolerance. The Elder Ray approach focuses on bull and bear power readings to confirm trend strength, but many traders prefer indicators or EAs that present different entry logic, averaging, or session-aware calculations. Price points, platform compatibility, required broker permissions, and the absence of verified performance statistics are common comparison factors. Traders also weigh ease of setup, customization, and how each tool affects spread sensitivity and possible drawdown scenarios before committing.
| Metric | Abiroid Elder Ray IndexMain Product | Trendopedia Ai Our bot | Abnormal situation | ABCD Harmonic Dashboard MT4 | Absolute Edge Reversal | AanIsnaini Signal Matrix |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $50 | $149 | $50 | $47 | N/A | N/A |
| ROI | N/A | +291.1% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 56.4% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.48 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 429 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Abiroid Elder Ray Index is an MT4 indicator developed by Abir Pathak and sold for $50. It translates Alexander Elder's bull and bear power concept into MT4 visuals, making it useful for traders who want momentum confirmation alongside price action. Strengths include a simple theoretical foundation, lightweight footprint on MT4, and clear buy or sell confirmation potential. Weaknesses are lack of community rating data, no verified performance stats, and limited automation since it is an indicator not an EA. Platform realities matter: indicators do not bypass broker rules, spreads and execution can materially change outcomes, and any signal-based approach carries drawdown risk. The product may suit discretionary traders who manually confirm signals, intermediate MT4 users comfortable adding custom indicators, and anyone wanting a compact Elder Ray implementation. FxRobotEasy independently reviews products and notes the absence of verified live stats here.
by Nikolay Tyumin · MT4
by Kestutis Balciunas · MT4
by Andri Maulana · MT4
by Ahmad Aan Isnain Shofwan · MT4
The Abiroid Elder Ray Index is a focused MT4 indicator for traders who want Elder-style bull and bear power confirmation at a modest $50 price. Its simplicity is attractive, but the lack of a community rating and absence of verified performance statistics mean discretionary traders should proceed with caution and test thoroughly on demo accounts. Alternatives range from VWAP anchors and supply-demand overlays to automation-heavy EAs; pick based on whether you need context, management tools, or full automation. FxRobotEasy independently reviews products and also lists verified bots with documented track records for traders seeking evidence-backed options.
Whether the Abiroid Elder Ray Index is worth buying depends on your needs. It offers a compact Elder Ray implementation on MT4 for $50, which suits discretionary traders seeking momentum confirmation. However, the product has no community rating and no verified performance statistics, so test it on a demo account and assess its signals under your broker's spreads and execution conditions before committing real capital.
There is no single best alternative; the right choice depends on objectives. If you want intraday reference levels, Multi Anchor VWAP Pro MT4 at $39 fits. For supply and demand trading, Advanced Supply Demand at $98 is more appropriate. If you need automation, Goldbot One MT4 or EA Black Dragon are EA options, while Lib4 EAPadPRO serves EA management. None of these have verified performance stats, so demo testing is essential.
Evaluate by running each tool on a demo account under the same broker conditions you plan to use live. Check signal frequency, drawdown profiles, sensitivity to spreads and slippage, and ease of configuration. Request any available live or demo records from vendors, and factor in broker rules on EAs and order types. FxRobotEasy independently reviews products and recommends validating performance and risk management before deploying on a funded account.
While evaluating Abiroid Elder Ray Index and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+291.1%
Total Return
22.0%
Max Drawdown
56%
Win Rate
429
Total Trades