Description

MT5 version can be downloaded here

NB: DEMO is not intended to test your indicator’s profitability but it is provided to test if our Automater can be used to automate your indicator. If it makes few trades, then it means it works and then you can go ahead and buy the full version with confidence.

DEMO Version Limitations:

• Works only on DEMO accounts
• Only limited no of trades per run
• Some features are disabled

2 Min Quick Guide

Indicator used in the above video (this is a third party indicator): https://ufile.io/ttbm8gaf

Complete user guide: https://www.forexrobotz.com/knowledge-base/frz-indicator-automater/

Using Set Files

We have given some set files that can be used if you are trading any of the given common trading styles.

Please note that set files are not customized to your indicator but they provide background settings for each given trading style. You need to add your indicator buffers/object details after loading the desired set file. We recommend you try set file 5 first and compare the results with your own custom setups before deciding on the one to be used.

Some set files use ATR based stop loss which you may disable under settings and some set files use lot size as a % of balance; you may change the settings fixed lot size if necessary.

Set file 1=> One Trade per Signal with TP & SL

This is the classic method, whenever your indicator/s gives a signal, the Automater will open a trade with TP & SL that are set based on ATR. There will be only one trade per signal. However, you need to have an indicator/s with a good win rate to be profitable on this strategy.

Set file 2=> One Trade per Signal with TP & SL + Martingale

This is the same as the first set file but with martingale. You will double the lot size each time you get a losing trade.

Set file 3=> One Trade per Signal with TP & SL + Hedging

This is also an extension to the first set file; In this case, the Automater will open trades on both sides whenever the respective signals appear. So, there can up to 2 trades at any given time. For instance, if there is a buy signal, Automater will open a buy trade and then while the buy trade is going on, the Automater may open a sell trade if a sell signal appears. Make sure your broker allows hedging before you use this strategy. Here also you need to have an indicator/s with a good win rate to be profitable on this strategy.

Set file 4=> Signal to Signal Trading

In this case, we enter a trade when a signal appears based on your indicator/s and we only close the trade on opposite signal and then open a new trade on the new direction. So there is no take profit or stop loss here. There will be only one trade per signal. The lot size is fixed in this case at 0.01, which you may change. However, you need to have an indicator/s with a good win rate to be profitable on this strategy.

Set file 5=> Entry Optimizing (DCA) Based on SL

In this case, when the price goes against us we open additional trades based on the stop loss distance set under our SL settings. Therefore, the trades are not closed by stop loss and there can be more than one trade at a given time and the TP will be adjusted every time an additional trade is entered based on the average price in line with DCA (Dollar Cost Averaging) method.

Set file 6=> Default – Entry Optimizing (DCA) Based on Opposite Signals

This is the default; even if you do not use any set file, Automater has these background settings. In this case, when the price goes against us we open additional trades whenever a new signal in the same direction is provided by your indicator/s rather than the stop loss in the previous method. Therefore, the trades are not closed by stop loss and there can be more than one trade at a given time and the TP will be adjusted every time an additional trade is entered based on the average price in line with DCA (Dollar Cost Averaging) method. This is the recommended method to test before you try any other custom settings.