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FRZ Indicator Automater MT4

(15 customer reviews)

$249.90

Description

NB: Some indicators may not be automated by the Automater. Therefore we recommend you use a free demo to test your indicator with the help of the user manual and video tutorials before purchasing. We do not offer refunds or returns.

FRZ Indicator Automater is an expert adviser that can make 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 most of the indicators with the file format in ex4 or mq4. The EA features a host of added features as to signal filtering, money management, news filtering and many more!

EA Specs

Product name FRZ Indicator Automater
Platform supported MT4
Time frames supported Any
Supported pairs This is primarily designed for currency pairs. It may not work on other pairs (if you intend to use it on non-currency pairs,  we recommend you first try a free demo)
License

Single purchase includes a lifetime 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 trading account numbers after purchase. You can submit the two trading accounts numbers any time after the purchase. The trading account numbers can not be changed later. Additional licenses can be added at an additional fee. We do not offer refunds or returns. The full terms and conditions are given here.

After the purchase, visit this page to submit your account numbers.

Existing customers are entitled for free updates that can be requested here.  (updates are free for the originally licensed account numbers only).

Additional licenses can be purchased here.

FRZ Indicator Automater MT4
Support Remote desktop support for setting up one indicator after purchase (please request here). General online chat/email support thereafter. However if you need remote desktop support for any automation beyond this scope, you can hire one of our experts at an additional fee.
Current version 10

Key features/options:

  • Smart averaging module
  • Trade based on indicator buffer signals or objects
  • Market or pending orders
  • ATR based TP/SL
  • Inbuilt news filter
  • Martingale option
  • Time/session-based filter
  • Filter by a second indicator
  • Choppy market filter
  • EMA filter
  • Exit by an exit indicator

Installation & Usage Video 

Quick Guide on v10

NB: Please read the PDF manual given for a complete guide on how to install and use the Automater

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.

Examples:

Type 2 – Indicators with one or two lines or histograms that change colors as per up or down trend.

Examples:

E.g. Histograms with color changing bars in a subwindows

Type 3 – Indicators with two lines where buy or sell is determined by the cross over.

Example:

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.

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 a chart by an indicator:

Objects sub window can also be automated.

Choppy/Ranging Market Filter

You can optionally enable a choppy/ranging market filter where your indicators’ signals will be filtered by the EA. The EA uses its own algorithm to detect choppy/ranging markets and any signals given by indicator during these periods will be ignored by the indicator.

Signal Filtering by a Second Indicator

The EA facilitates the signal generated by your main indicator to be filtered by a second indicator (only buffer based indicator can be used as the second indicator).

Please look at the below example screenshot to understand this feature. Indicator 1 is your main indicator that generates buy or sell arrows. And the second indicator (Trend Bars Indicator) is an indicator that shows the overall trend of the market. If you want to consider the buy and sell signals only when the overall market trend agrees with the signal (or even the opposite happens), you can use this feature to achieve that objective.

Signal Filtering by a Third Indicator

Optionally, you can further filter your first indicator signals by a third indicator. Unlike the second indicator that uses buffer color ID, this third indicator filter uses the values of the buffer/color IDs. For instance, you can use stochastic indicator as third indicator and set a rule to buy only when signal line is below 30 or you can use RSI indicator to buy when RSI is above 50.

Signal Filtering by an EMA line

Signals can also be filtered by an Exponential Moving Average (EMA) line as defined by the user.

My indicator appeared not to be profitable after initial tests, what additional features can I try?
There are many tweaks you may try before you give up on an indicator such as;

  • Using ATR based SL/TP instead of fixed pips
  • Using martingale
  • Using pending orders instead of market orders
  • Using OCO (one cancel other) pending orders
  • Enabling more than one trade at a time
  • Disabling auto close on opposite signals
  • Limit the EA operation to specific forex market sessions
  • Enable signal filtering by a second indicator
  • Enabling the choppy market filter
  • Enabling EMA signal Filter
  • Enable signal filtering by a third indicator
  • Use a specialized exit indicator
FRZ Indicator Automater MT4

15 reviews for FRZ Indicator Automater MT4

  1. Gwenora Arakelian

    Never thought this kind of EA exists. It automates almost any indicator. News filter is great.

  2. Betty Davis

    Probably the best in its kind. Must have EA if you love indicators

  3. Charles Noriega

    Superb support. Thanks

  4. Ronald A Gould

    This can turn your indicator into an EA with all the features including news filter and martingale. Thanks for the installation support

  5. Joseph A Walkowiak

    Good!

  6. Roberto Jenkins

    This is great. I am automating my indicator

  7. Alvaro Burns

    Didnt work initially but with support managed to get it working. Thank you!

  8. Joshua V

    Never though this kind of EA is available. Just turn your indicator into a fully fledged EA. Great support team. Thank you!!!

  9. Roland E

    It works as intended. Just takes trades as per your indicator. Well done!

  10. Arnold Kerr

    Really great. It automated my indicator and I am automating my income!!!!

  11. Greg Deshields

    Really helpful staff. Works fine

  12. Lamont A

    Good!

  13. Kasun K

    Simply the best automater out there

  14. Rozaldy Yuson

    Highly recommended. It automates very well.

  15. yogesh fofandi

    I want this ea. it’s close to the previous trade when open new trade? please reply me at my email , I want to buy this ea

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Got something to discuss?


Guest
Perera N
2 years 1 month ago

How many account you allow?

Support
1 year 11 months ago

Check specs

Guest
Katheu
2 years 1 month ago

Does it support any indicator?

Support
1 year 11 months ago

Almost any. check the specs

Guest
Leewak
1 year 11 months ago

Does it wok on MT5?

Support
1 year 11 months ago

we have a separate mt5 version

Guest
Peneala
1 year 11 months ago

Do I need MQL file of the indicator to use this?

Support
1 year 11 months ago

No. ex4 files enough

Guest
Hit
1 year 10 months ago

can support multiple indicators?

Support
1 year 10 months ago

One indicator at once. However if you use both buffers and objects, you can use two indicators

Guest
Samuel Ndlela
1 year 16 days ago

Can I use the EA on a $200 account

Support
1 year 15 days ago

yes. possible

Guest
yogesh fofandi
11 months 6 days ago

I want this ea. it’s close to the previous trade when open new trade? please reply to me at my email, I want to buy this ea

Support
11 months 6 days ago

Yes it closes previous trade when opening a new trade

Guest
Michael Hazeley
10 months 21 days ago

Can the IA be used for backtesting? Or do you recommend one?

Support
10 months 21 days ago

Yes it can be backtested if your indicator supports backtesting

Guest
Nichols
10 months 2 days ago

Does it wok on Renko chart?

Support
10 months 1 day ago

yes

 
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