Technical Indicators for MetaTrader 4
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MetaTrader 4
Top Rated Products MT4
Overview
This is the Universal ArrowEA Builder Q1 for creating your own EAs using various Arrow Indicators.
This EA Version uses for example our arrow indicator ChannelSignals PRT, but you can change the indicators by specifying its exact name and buy and sell buffers in special settings lines. Please note that the buffers must be specified correctly. You can find them in the settings of the indicator used. It is also necessary to place this indicator in "Indicators" in your MT5 Terminal. Keep in mind that not all arrow indicators can be used, and sometimes it is necessary to change the signal bar number. This is due to the technical features of some indicators.
SETTINGS:
• Use time control 1 and Use time control 2 (false / true) - select the period of time of work when true is enabled. If false, the advisor will work around the clock
• Lot - the size of the first order in lots (min. 0.01)
• Mult 0 - the multiplier with which subsequent averaging orders will be opened
• Distance 0 - Distance in pips after which the indicator signal will be accepted to open the next position
• Close by opposite signal (true/false) - Close by indicator signals in the opposite direction using the profit size filter in pips, after which this signal will be accepted
• Min profit for signal close - the profit size filter in pips, after which this signal will be accepted
• Use fix TP (true / false) - Closing by fixed TakeProfit in pips
• Profit 0 - Fixed TakeProfit in pips
• Use dd control 1 and 2 Risk Management Function
• Level in dd 1 and 2 - % dd
• Distance 1 and 2 - NEW Distance in pips after which the indicator signal will be accepted to open the next position
• Mult 1 and 2 - NEW multiplier with which subsequent averaging orders will be opened
• Pofit 1 and 2 - NEW Fixed TakeProfit in pips
• Magic Number - If you work with several instruments simultaneously on one terminal, you need to specify different numbers for each instrument
• Indicator name - The name of the arrow indicator used
• Buffer for buy
• Buffer for sell
• Number of bar for signal
• Font size - changing the font in the expert panel
The chart also displays the zero price of the grid from all open orders (breakeven level) as a yellow line.
This expert uses a universal panel for all our experts, which displays the following information necessary for the trader:
• Ticker of the traded instrument
• The number of open BUY and SELL orders
• The size of the current unfixed drawdown or profit (with a drawdown of up to 20% - standard color, with a drawdown of more than 20% - red, with profit - green)
• The size of the fixed profit for the current day, week and month
• Two buttons for closing all open BUY or SELL orders manually, if the trader so desires.
