Arrow Strategy Builder
- Experts
- Version: 1.0
Arrow Strategy Builder — an Expert Advisor that remembers the user’s placed up/down arrows on the chart and generates trading signals when the same conditions repeat. Suitable for both beginners and experienced traders, offering an intuitive interface and functionality for automated trading on any financial instrument.
The full version of the multi-currency trading advisor for Metatraider 5 is available here.Main Features
-
Easy Strategy Creation: Build trading strategies by placing arrows (Buy/Sell) on the chart to mark entry points.
-
Indicator-Based Signals: Uses four popular indicators — RSI, CCI, DeMarker, and WPR — to record and replicate trading signals based on user-defined patterns.
-
Multilingual Support: The EA interface adapts to the terminal’s language (English, Russian, German, Japanese, Chinese) for global user convenience.
-
Flexible Signal Matching: Trades are opened when current market conditions match recorded signals with a specified minimum similarity percentage.
How the EA Works
-
Placing a Signal: Click [Set Signal] on the control panel and place an arrow (up for Buy or down for Sell) on the chart at the desired point.
-
Recording a Signal: Click [Record signal], and the EA will save the selected indicator values (RSI, CCI, DeMarker, WPR) for the last three bars at the moment the arrow is placed.
-
Trading & Optimization: In real-time or in the strategy tester, the EA monitors for matches between current indicator values and saved templates. If the match exceeds the set threshold (default 60%), a position is opened in the direction of the signal. Optimization in the strategy tester is recommended for adapting to specific instruments and timeframes.
The EA uses indicator templates to recognize patterns. By default, all indicators are enabled. You can choose which indicators to use and display them on the chart.
Main Parameters
-
Risk and Orders Settings:
-
Default Lot: Initial lot size
-
Trading Direction: Trade direction
-
Use Risk Percent per Trade: Enable lot calculation based on risk percentage
-
Risk Percent per Trade: Risk percentage per trade
-
Minimum Signal Match Percent to Open Trade: Minimum pattern match percentage to open a position
-
Magic Number: Unique identifier of the EA
-
-
Profit and Loss Settings:
-
Use Close Positions by Equity Threshold: Enable equity-based closing
-
Equity Threshold for Closing Positions: Equity threshold for closing trades
-
Enable Pause Between Trades: Pause between trades
-
Pause in Bars After Opening Position: Pause duration in bars
-
Delay from Instant Opening of Trades after EA Launch: Delay before opening trades after EA start
-
-
Indicator Settings:
-
Use RSI / Use CCI / Use DeMarker / Use Williams Percent Range: Enable/disable indicators
-
Show Indicators on Chart: Display indicators on the chart
-
Clear Data File on Start: Clear data file on startup
-
Data File Name: File name for storing templates
-
Usage Recommendations
The EA comes with a preconfigured conservative parameter set for EURUSD on the M1 timeframe (for the 2024–2025 period). For other instruments or periods, testing and optimization in the MetaTrader 5 strategy tester is recommended.
Important Notes
Trading in financial markets involves risks. The EA does not guarantee profits and is designed for automating strategies based on user-defined templates. Test on a demo account before live trading.
