AutoPivotMT4
by Xin You Lin · MT4
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Summary
Automatic Support and Resistance for MT4, a $50 MT4 indicator by Mehnoosh Karimi, is a straightforward tool for marking support and resistance levels; rating and verified stats are not available. Traders comparing it should weigh affordability and MT4 compatibility against the lack of public performance data. Alternatives include Pyro Flux Liquidity Matrix (rating 5), TPSproDraW (rating 4.56), Vrs (rating 1), Multi Anchor VWAP Pro MT4 (rating 0, $39) and Lib4 EAPadPRO (rating 0). All products have no verified stats available. Consider broker spreads, execution, and drawdown risk before relying on any indicator.
Retail forex traders compare Automatic Support and Resistance for MT4 with alternatives to balance cost, signal quality, and platform fit. Support and resistance indicators can help with entries, exits, and context, but implementation varies by author, settings, and market conditions. Traders should evaluate developer credibility, rating signals, and whether verified performance data exists. Platform realities like broker rules, spread variability, and execution slippage affect how useful an indicator is in live trading. This comparison highlights differences in pricing, available ratings, and trade-off scenarios so traders can choose tools that match their strategies and risk tolerance. FxRobotEasy independently reviews all products.
| Metric | Automatic Support and Resistance for MT4Main Product | Trendopedia Ai Our bot | AutoPivotMT4 | Automatic fibonacci with alerts | AutoTrendlines | Automated Trendlines |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | 0.0 | N/A | 0.0 |
| Price | $50 | $149 | $599 | $30 | N/A | $99 |
| ROI | N/A | +285.3% | 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 | 56.7% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.42 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 497 | 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.
Automatic Support and Resistance for MT4 is an MT4 indicator by Mehnoosh Karimi priced at $50. It is positioned as an automated tool to identify support and resistance, which makes it appealing for traders who want a plug-and-play visual aid on MT4 charts. Strengths include affordability relative to many commercial indicators and native MT4 compatibility, which simplifies installation and use with existing templates and EAs. Weaknesses are the absence of a public rating and no verified performance statistics, so traders must rely on hands-on testing. As with any indicator, its signals can generate false positives in choppy markets and must be combined with risk management. Platform realities such as broker spreads, execution delays, and the potential for drawdown mean this indicator should be part of a broader trading plan rather than a standalone solution. FxRobotEasy independently reviews this product and encourages live-demo testing before live deployment.
by Xin You Lin · MT4
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Automatic Support and Resistance for MT4 is a budget-friendly, MT4-native indicator that can help traders visualize key levels, but it lacks verified performance data and a public rating. Alternatives offer trade-offs: Pyro Flux Liquidity Matrix and TPSproDraW show stronger listed ratings, while others are unreported or low-rated. No product here has verified statistics, so the practical path is demo testing with your broker, paying attention to spreads, execution, and drawdown risk. FxRobotEasy independently reviews these tools and also offers verified bots as an alternative if you prefer solutions with additional vetting and managed performance history.
Whether it is worth buying depends on your needs. The indicator costs $50 and runs on MT4, offering automatic level marking that can speed chart analysis. However, there is no public rating or verified performance data, so evaluate it on a demo account first. Consider how its outputs fit your rules, and account for broker spreads, latency, and drawdown risk before using it in live trading.
There is no single best alternative; choice depends on priorities. Pyro Flux Liquidity Matrix has a listed rating of 5, and TPSproDraW lists 4.56, making them attractive for traders who value community feedback. Multi Anchor VWAP Pro MT4 offers VWAP anchoring at $39 for volume-aware traders. None of these have verified statistics, so test any alternative on demo accounts under your broker conditions before committing real capital.
Broker specifics materially affect indicator utility. Wider spreads increase costs and can turn marginal signals into losers, while execution delays and slippage change entry quality. Indicators do not control drawdown; risk management and position sizing do. Always test indicators on the same broker and account type you will trade, confirm how they behave under real spreads and latency, and use stop losses and size limits to manage drawdown.
While evaluating Automatic Support and Resistance for MT4 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.
+285.3%
Total Return
22.0%
Max Drawdown
57%
Win Rate
497
Total Trades