Please note this MT5 version has less features than the MT4 version and the lower price reflects this difference.
FRZ Indicator Automater is an expert adviser that can convert almost any indicator into an expert adviser. It does it by making orders/trades based on the indicator buffers and/or objects created by the indicator on the chart. It can open trades/orders based on your indicator signals. You can set TP/SL and also the trades will get closed on the opposite signals. It can work with any indicator file format either ex5 or mq5.
|Product name||FRZ Indicator Automater|
|Time frames supported||Any|
|Supported pairs||Any currency pair|
Single purchase includes a license for any two (02) trading account numbers (Two accounts can be either 02 real accounts or 01 demo & 01 real account). You can submit your account numbers after purchase. You can submit the two accounts within 30 days of purchase. You can NOT change the account numbers later. Any additional licenses will be charged separately. We do not offer refunds or returns. The full terms and conditions are given here.
FRZ Indicator Automater MT5
|Support||Support for setting up for one indicator.|
Automation based on the indicator buffers
Indicator buffers are given under the colors tab of the indicator. Buffers generally have numbers and corresponding colors. These colors represent some kind of drawing on the chart which can be an arrow signal, trend line, or anything else.
Given below is an example of buffers of an indicator:
If your indicator has indicator buffers, that can signal when to buy and sell, then you can use this option. All you have to do is to rename your indicator to “myindicator” and then map the right buffer numbers to buy and sell signals. Also, make sure the indicator is placed within the MT5 Indicators folder (not in subfolders).
NB: When you use buffers, the EA will only consider the default settings of the indicator. You can only change the default settings if you have the source file in mq5 format. However, we can add input parameters of indicators within the EA at an additional fee. We may do it even if you have only .ex5 file.
There are 03 types of indicators you can automate with buffers
Type 1 – Indicators generating arrows or similar signs such as thumb up/down, dots, etc. for buying and selling.
Type 2 – Indicators with one or two lines that change colors as per up or down trend.
Type 3 – Indicators with two lines where buy or sell is determined by the cross over.
The indicator may also be in a sub-window as follows:
Automation based on Objects Created by the Indicator
Some indicators generate objects on the chart as their buy or sell signals. This EA will work with almost any object that:
- has a time parameter under properties,
- has a common prefix in the name, and
- has different colors for buy and sell signals
For object-based trading, you need not rename your indicator. The objects can include arrows, triangles, buttons, thumbs, etc. You can use these objects to make trades/orders with this EA. If you are only using object-based trading, there is no need to rename your indicator as mentioned before. The objects are captured based on their name prefix, color, and time of creation.
Example of objects created on the chart by an indicator:
You may have both buffer based trading and object-based trading at once and also object-based trading can be from a second indicator.
Explanations for each setting will be provided upon purchase in a readme PDF file