Indicator Signal Trader Kb MT4

Indicator Signal Trader Kb turns an indicator into a trading robot for MetaTrader 4 without programming. Start with a ready setup for a built-in MetaTrader 4 indicator, or connect the indicator you already use: you tell the program which buffer means Buy and which means Sell, and it opens and manages the orders.

User manual

Full user manual: setup, ready recipes, filters, troubleshooting

The manual shows MetaTrader 5. In MetaTrader 4 the steps are the same; the indicator is looked up in the MQL4\Indicators folder and its inputs are entered as numbers.

Start with a ready setup

The first line of the inputs is Ready setup. Choose a setup from the list below and press OK: the indicator, the rules, the filters and the exits are set, while the lot or the risk stays as you choose. To see it work before buying, download the free demo, open the Strategy Tester, choose a ready setup in Expert properties and press Start. Every setup was tuned on 2022-2024 and then checked on 2025-2026, data it had not seen. They are examples of complete settings, not a promise of profit.

  • 1. Alligator + EMA 200 trend, H4 (EURUSD, GBPUSD, USDJPY, XAUUSD)
  • 2. Awesome Oscillator + EMA 200 trend, H4 (EURUSD, GBPUSD, USDJPY, XAUUSD)
  • 3. Stochastic cross in the zone + EMA 200 trend, H4 (EURUSD, GBPUSD, USDJPY, XAUUSD)
  • 4. MACD + EMA 200 trend, H4 (EURUSD, GBPUSD, USDJPY, XAUUSD)
  • 5. Fractals + EMA 200 trend, H4 (XAUUSD)
  • 6. Heiken Ashi colour change + trailing stop, H4 (EURUSD, GBPUSD)

Your own indicator in four steps

  1. Set Ready setup to Custom, attach the program to a chart and enter the indicator's name as it appears in the MQL4\Indicators folder, for example ZigZag or Market\Indicator Name, and its inputs as numbers separated by commas (true and false are 1 and 0), or nothing for its defaults. MetaTrader 4 passes only numbers to an indicator, at most 12 of them.
  2. Read the panel on the chart: it shows what every buffer of the indicator holds - arrows, a line or a colour index - so you see which buffer carries the signal without reading any code.
  3. For Buy and for Sell choose the rule - an arrow appears, a buffer crosses a level, one buffer crosses another, or a colour changes - and the buffer number from the panel.
  4. Set the lot (fixed or risk % of balance), the stop loss and the take profit, then press OK.

Example

Signals of the built-in MACD only in the direction of the H4 trend: leave the indicator name empty and in Filter 1 enter Custom Moving Averages with the inputs 200,0,1 and the timeframe H4, then "Allow Buy only when: Close price is above the buffer" and "Allow Sell only when: Close price is below the buffer". A signal the filter rejects is ignored, and the panel says which filter rejected it and what it saw.

Trading

Stop loss in points or as an ATR multiple, take profit in points or as a multiple of the stop. On an opposite signal the program can ignore it, close the order or reverse it. Break-even, trailing stop, maximum spread, a trading time window and a daily loss limit are available. Before every order it checks the lot limits, the minimum stop distance, free margin, the broker's order limit and the trading session, and the Last signal line on the panel shows what happened to every signal: opened, blocked by a filter, or not traded and why. The program manages only its own orders, found by their magic number. Signals are read from the closed bar, so the Strategy Tester shows what happens on a live chart.

Limitations

The indicator must keep its signals in indicator buffers: indicators that only draw objects on the chart cannot be read. The program uses the signals of your indicator as they are and does not make an indicator profitable; check your settings in the Strategy Tester first.

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