FRZ Indicator Automater MT4

(16 customer reviews)

$249.90

Description

NB: Those who have purchased v11/12 can get updated to v13  free subject to our terms.

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. The two accounts can be either 02 real accounts or 01 demo & 01 real account. The trading account numbers can not be changed, returned or transferred once issued. You can submit your trading account numbers after purchase with this link. You can submit the two trading accounts numbers within six months of the purchase. Additional licenses can be added at an additional fee. The full terms and conditions including the refund policy are given on this page.

Existing customers are entitled for free updates subject to our terms.

FRZ Indicator Automater MT4
Support

Personalized support (remote desktop/providing set files) on first installation/automation (please request within 14 days of purchase). General live chat, support ticket and email support are available thereafter. However if you need personalized support (remote desktop/providing set files) for any installation/automation beyond this scope, you can always hire one of our experts at an additional fee.

FRZ Indicator Automater MT4
Current version 13

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

Quick Guide

Installation & Usage Video 

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 map the right buffer numbers to buy and sell signals.

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

16 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

  16. Robbie

    Good and reliable product. It is taking trades when the indicator generates a signal. Also, exit triggers work fine. Reason for three stars is the lack of support. I did not get any response to my request for support.

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Got something to discuss?


Guest
Perera N
2 years 9 months ago

How many account you allow?

Support
2 years 7 months ago

Check specs

Guest
Katheu
2 years 9 months ago

Does it support any indicator?

Support
2 years 7 months ago

Almost any. check the specs

Guest
Leewak
2 years 7 months ago

Does it wok on MT5?

Support
2 years 7 months ago

we have a separate mt5 version

Guest
Peneala
2 years 7 months ago

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

Support
2 years 7 months ago

No. ex4 files enough

Guest
Hit
2 years 6 months ago

can support multiple indicators?

Support
2 years 6 months ago

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

Guest
Samuel Ndlela
1 year 8 months ago

Can I use the EA on a $200 account

Support
1 year 8 months ago

yes. possible

Guest
yogesh fofandi
1 year 7 months 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
1 year 7 months ago

Yes it closes previous trade when opening a new trade

Guest
Michael Hazeley
1 year 6 months ago

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

Support
1 year 6 months ago

Yes it can be backtested if your indicator supports backtesting

Guest
Nichols
1 year 6 months ago

Does it wok on Renko chart?

Support
1 year 6 months ago

yes

 
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