Elliot Wave Advance Drawing Tools For MT5
by Mohd Firuz Fahmi Bin Yusoff · MT5
ROI-12.3%
DD31.7%
Win47%
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Summary
Elder MACD Combo is a low-cost MT5 indicator ($30) built on Dr. Elder's MACD concepts. Its rating is listed as N/A/5 and no verified performance stats are available. Traders seeking a simple MACD-based tool may like its clarity and affordability, but those wanting automated entries, trade management or verified track records may prefer alternatives. Options range from a candle timer indicator to four expert advisors priced from $99 to $149 or unspecified. All products on this page are independently reviewed by FxRobotEasy and traders should factor broker spreads, execution, and drawdown risk before buying.
Retail forex traders compare Elder MACD Combo to alternatives because they need to balance simplicity, cost, and automation. Elder MACD Combo is an MT5 indicator with a $30 price point that implements Elder-style MACD signals, but its rating is listed as N/A/5 and no verified stats are available. Alternatives include both indicators and automated EAs with varied pricing and approaches. Choosing between a chart-based indicator and a fully automated EA changes operational needs—VPS, broker rules on EAs, spread sensitivity and possible drawdown exposure. FxRobotEasy independently reviews all products listed here to help traders weigh features, costs and platform realities.
| Metric | Elder MACD ComboMain Product | Trendopedia Ai Our bot | Elliot Wave Advance Drawing Tools For MT5 | Elder Force Zones | Elliot Wave Pattern Hunter | Elara AI |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $30 | $149 | $40 | N/A | $99 | $41 |
| ROI | N/A | +291.1% | -12.3% | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | 31.7% | N/A | N/A | N/A |
| Win Rate | N/A | 56.4% | 46.5% | N/A | N/A | N/A |
| Profit Factor | N/A | 1.48 | 1.06 | N/A | N/A | N/A |
| Total Trades | N/A | 429 | 3,021 | 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.
Elder MACD Combo is an MT5 indicator priced at $30 that applies the Elder MACD approach to signal momentum shifts and possible entries. Strengths include affordability, straightforward visual signals and compatibility with MT5 charting workflows. It suits traders who prefer manual confirmation and discretionary trade management rather than full automation. Weaknesses are the lack of a published rating (listed as N/A/5) and no verified performance stats, which makes risk assessment harder. The tool does not automate order placement, so users must consider execution delays, broker spreads and slippage when trading live. It also requires the trader to manage position sizing and drawdown control. Overall, Elder MACD Combo fits cost-conscious, technically oriented traders who want a simple MACD-based readout on MT5, but those seeking automated risk management or verified track records will want to compare alternatives.
by Mohd Firuz Fahmi Bin Yusoff · MT5
by Bugra Kaan Yildirim · MT5
by Shingidzano Lesetedi · MT5
by Prabir Sarkar · MT5
Elder MACD Combo is a budget-friendly MT5 indicator ($30) that appeals to traders who favor manual, MACD-based analysis. Its rating is N/A/5 and no verified stats are available, so it is best for discretionary traders who accept manual execution and manage risk themselves. If you want automation, tighter trade management or turnkey EAs, the alternatives listed offer EA-driven options priced between $99 and $149 or unspecified. Remember broker rules, spreads and drawdown risk materially affect outcomes. FxRobotEasy independently reviews all products here and also offers verified bots if you prefer alternatives with additional vetting.
Elder MACD Combo can be worth buying if you want an inexpensive, MT5-based MACD visualization for manual trading. It costs $30 and is suitable for traders who prefer discretionary entries. However, its rating is listed as N/A/5 and no verified performance stats are available, so test it on a demo account and consider how spreads, slippage and your broker's execution will affect real trades.
The best alternative depends on your goals. If you want automation, PZ Stop And Reverse EA MT5 ($149) or Market Anomalies EA ($99) are EA options with 5-star ratings listed. If you prefer timing and manual control, Haven Candle Timer Countdown is an indicator alternative. None of the alternatives have verified performance stats available, so demo testing and broker checks are essential before committing.
Broker rules, spreads and execution quality are critical. EAs are sensitive to spreads, latency and allowed order types; they often require VPS hosting to run reliably. Indicators like Elder MACD Combo are less sensitive to automation constraints but are still affected by spread and slippage at order entry. Always demo-test any product with your intended broker, and plan for drawdown management and realistic slippage in live conditions.
While evaluating Elder MACD Combo 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