Turn any indicator into a Money Machine! – Must have tool for any forex trader!
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 can be closed on the opposite signals (optional). It can work with any indicator file format either ex4 or mq4. The EA also features an inbuilt-news filter and martingale option.
|Product name||FRZ Indicator Automater|
|Time frames supported||Any|
|Supported pairs||Any (optimized for currency pairs)|
|License||Single purchase includes license for two (02) trading accounts (including 01 DEMO and 01 real account). You can submit your account numbers after purchase. Both accounts should be submitted at once after purchase. You can NOT change the account numbers afterwards. We offer no refunds or returns.|
|Support||Remote desktop support for setting up 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 MT4 Indicators folder (not in sub folders).
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 mq4 format. However, we can add input parameters of indicators within the EA at an additional fee. We can do it even if you have only .ex4 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 a two lines where buy or sell is determined by the cross over.
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.
You may have both buffer based trading and object-based trading at once and also object based trading can be from a second indicator.
Example of objects created on chart by an indicator:
Installation & Usage Video (NB: This is for an older version and it does not include all the features)
Explanations for each setting will be provided in a PDF manual
My indicator appeared not to be profitable after initial tests, what else I can try?
There are several tweaks you may try before you give up on an indicator such as;
- Using ATR based SL/TP instead of fixed pips (Setting 28-30)
- Using martingale (Setting 36-37)
- Using pending orders instead of market orders (Setting 31-35)
- Using OCO (once cancel other) pending orders (Setting 35)
- Enabling more than one trade at a time (Setting 49)
- Disabling auto close on opposite signals (Setting 48)
- Enabling choppy market filter (Setting 50)
- Limit the EA operation to specific market sessions (Setting 38 -42)