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Indicator Combine Merge by RunwiseFX

4.91

Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement.

A‌lso features a statistics panel reporting the success of the combined indicator by examining the current chart. The win rate, profit and draw down are calculated, based on a selected stop loss and take profit/exit regime. Results from other charts can also be shown together and ordered with the best performing symbols shown first - allowing cherry picking of best symbols/timeframes.

The product is easily configured using pop-up forms – see video. The product comes configured with example standard indicators.

Fully compatible with our range of EA panels, allowing easy conversion into an EA that can trade automatically.

‌‌Please see Comments tab (first entry) for link to the manual.


Features

  • Combines multiple indicators both visually and in terms of an alert
  • Works with standard indicators and Custom Indicators, even if just have ex4 file or those purchased from market
  • Indicators are examined on candle close, by default, so no repainting
  • Choice of two configurable alert levels - early (say when 75% of indicators lined-up) and confirmed (all lined-up)
  • Shows trade result statistics of combined indicators with win ratio, profit and draw down - calculated in real-time by examining the current chart
  • Option to show table of statistics from other charts/symbols that the indicator is loaded on to - ordered by profit
  • Results show outcome of both early and confirmed alert, so can see which is performing best
  • Option to automatically select early or confirmed alert, depending on which has the higher profit, or win ratio
  • Realistic calculation of statistics by taking into consideration a selected stop loss, take profit/exit regime and spread
  • Stop loss can be specified either as fixed pips or using a variety of automatic calculation methods, including from a custom indicator
  • Statistics can also include effect of trading hours, partial take profit/exit, trailing stop loss and auto break even when target reached
  • Optional Binary Options mode where statistics are worked out with expiry rather than SL/TP
  • Take profit and break even targets can be specified as either risk reward ratios or in pips
  • Pips can be optionally specified as a percentage of the Average Daily True Range, allowing it to automatically scale depending on the symbol
  • Shows simulated trades on the chart with open price, stop loss used, close price and profit
  • Automatic recalculation of statistics upon configuration changes, showing the effect on win ratio, profit and draw-down
  • One-click restore of previous configuration if change was not beneficial
  • Configured stop loss, break even and take profit prices are shown on chart for use with new trades
  • Easy to use configuration pop-ups
  • Choice of display formats, i.e. bar or histogram
  • Choice of alert methods, e.g. pop-up, email or mobile notification
  • Easy integration with our EAs for automated trading


‌Indicator Inputs

Use the CONFIG button to configure the system. Inputs are provided as an alternative and are fully described in the manual - see Comments tab for link to manual. Key inputs are explained below:

  • Main_alertConfirmedPercentage - Percentage of indicators that need to have lined-up for confirmed alert to happen
  • Main_alertEarlyPercentage - Percentage of indicators that need to have lined-up for early alert to happen
  • Main_alertResetLevel - How much indicator needs to go to other direction of alert reset to happen
  • Main_binaryOptionModeBars - If > 0 then number of bars before trade closes to simulate Binary Options


Using the Strategy Tester / Demo Version

Make sure the test is running at least at market speed for the buttons on the panel to work. Alerts appear in the Journal tab.


Converting Into an EA

Can easily be converted into an EA that can trade automatically with our Ultimate Trade Manager product.

Reviews 11
Nicola Pileri
293
Nicola Pileri 2020.04.01 19:21 
 

Mi stupisce che ci siano così poche valutazioni, tutti i commercianti dovrebbero avere questo sistema che fa risparmiare enorme tempo.

Fantastico sistema.

Trader mql5
1113
Trader mql5 2019.04.25 04:01 
 

Where do I start...

Most importantly, support is superb and this is a unique, one-of-a-kind "app". I call it an app as it assists you in guiding which indicators have some hope and which are just rubbish by quickly analyzing the buffers of the indicators.

I certainly have a love-hate relationship with it, as it exposes the indicators which I thought are profitable in the long run, but fail miserably. I could have bet my life on some indicators, but this app clearly trashed most of them. I am starting to realize that indicators are not my way forward in trading...

I literally tested 3000+ indicators over the last couple months. Most can be trashed immediately within a few seconds by inserting the buffers. Others seem extremely profitable, but then test them through Strategy Tester, just to realize they either repaint or back-paint, even subtly by changing color, arrow or angle within one candle. When this info is then fed to the app by shifting the confirmation to 2 bars i.l.o 1 bar - crash, boom, bang, kaputt. It will need some reading and studying the manual in DETAIL to be able to identify which capture modes to use, but you will get there, believe me I am not overly bright and my mind melts when I have to program anything even remotely simple, but the logic of this piece of software is fantastic, once you get the hang of it - no programming required, you just pick the appropriate capture options and set your TP, SL levels. Also appropriate time frame consideration is very important with different TP/SL for each TF.

Remember there are many options for Stop Loss and Take Profit. Some indys like quick TP without waiting for opposite signals, others need opposite signals to be profitable. Scaling in on some are also good instead of a blind TP level. Combinations of both scaling in and exit/reverse on opposite signals are also possible. Stop Loss levels for each pair is also sensitive due to the pair's volatility, play around.

If you are an indicator addict like me, it will save you thousands. I spend more on indicators than on my trading balance in the hope to find that one gem - AND THIS IS THAT VERY GEM. If you insert this indicator in strategy tester, then demo a market indicator within it without buying it, you can very quickly make up your mind. Test the top 20 indicators in demo here on MQL5, you will be shocked. Bear in mind, multi time frame indicators will not work properly in Strategy Tester, with or without Indicator Merge. Refer to the sellers of these indys and they may have a free "lite" version or limited demo version for you to test.

Just a final tip: Even if you found a indy or a combination of Indicators that look good, even after testing them in Strategy Tester and you found them not re- or backpaint - Try them yet again in Strategy Tester together with Indicator Merge to give you current stats. Many, many indicators appear not to repaint, but small changes are sometimes not noticed unless they run bar by bar.

I am a rehabilitated compulsive gambler, this software is helping me turn into a rehabilitated compulsive indicator user at a price that is low for its effectiveness. I have currently only a handful of indys (most of them are free!) which may be useful as confirmation, still optimizing them to make a final decision.

The grey matter with vast voids between our ears seems to be the greatest expert advisor of all.

Additional edit: Where this app shines with Indicators is what Strategy Tester does for Expert Advisors. With Strategy Tester you can optimise the parameters of your EA to review which settings are the most profitable. This is not possible with Indicators as they do not have actual trade signals for Strategy Tester to invoke trade stats. With Indicator Combine you can enter the parameter settings of your indicator and see what impact it has on the profit/loss e.g. calc lookback parameter default of an indicator is 13, but what happens if you set it at 9 or 5 or 15? These stats are updated instantly without running it through Strategy Tester. Just remember if it does re-/backpaint it would be wise to run (no pun intended) again through Strategy Tester with Indicator Merge running concurrently.

I actually now test EVERY indicator through Strategy Tester with IC, it is mind blowing how many programmers manipulate the signals to show great signals in the past, just to realise when running them live, the signals are not even close to what they indicated in history. There are very few exceptions..

nicetees
118
nicetees 2018.08.23 14:26 
 

This indicator is the best investment I have made so far! I accidentally stumbled on it while searching for a MT4 programmer to combine some indicators into one, and this is far better. Excellent value and customer service! I am very pleased with my purchase.

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Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Profit for market swings with
249 USD
Supply and Demand Dashboard PRO
Bernhard Schweigert
4.76 (17)
CURRENTLY 20% OFF !! This DASHBOARD is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:  Advanced Supply Demand ). The new DASHBOARD gives a great overview. It shows: filtered Supply and Demand values including zone strength rating, pips distances to/and within zones, it highlights nested zones, it gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your personal
199 USD
IMPORTANT; Price is subject to rise at any time from now! Do not miss this offer! Dear trader I am glad to introduce my new tool called Trend Analyser Dashboard to you. The design, style, and settings of this indicator  have been made simple to make its users not take too mach time in understanding the indicator itself.   The purpose is to help traders in analysing the direction of the major trend and the status of the trend whether in weak trend or its strong trend. The indicator will also prov
260 USD
Sniper Strategy created to provide you the best entries points for all pairs and all time frames and always moving with the trend direction based on price action. once you master the strategy it will let you become more confidence with your trade so you know when to open and close your trade with maximum profit because it is showing the beginning of the trend with multi entries so if you miss the entry in the beginning of the trend Sniper Strategy will provide you more chance with best entries p
2 500 USD
Scalping Indicator Pro is a powerful indicator that works in trend as well as non trending market conditions. This indicator is perfect for scalp trades as well as swing trades. Scalping Indicator Pro is not just an indicator, but a trading strategy itself. It doesn't requires any additional indicators for the trading setup. Check out the indicator in action. [Video demonstration below] Why use Scalping Indicator Pro? Great for novice traders as well as experienced traders. Low risk entrie
199 USD
The idea of the indicator is based on the ZigZag indicator using a new equation with the addition of volume. Inputs InpDepth — Depth. InpDeviation — Deviation. InpBackstep — Backstep. Enable_Alert — audio and text notifications on a trend change. Send_Notifications — push notifications to mobile devices. E-mail alert — email notifications. Make sure to configure email parameters in the terminal settings. Features The indicator does not repaint. The indicator does not recalculate. The indicat
175 USD
WD Gann Possible Reversal method Our Signals and targets based on Gann Time and Price Calculations to find out  possible Reversal Points. It will give you Right idea of possible turning points as well as sharp trend continuation till next turning points. An idea can change a trend or sharp continue trend within new time and price cycles  points(new signal) Non repainting Signals Note :- Strategy Tester not Showing perfect Results we are not able calculate time prices Turning point on tester.us
777 USD
Full Forex Market View Dashboard
Opengates Success International
5 (2)
FULL FOREX MARKET VIEW Dashboard Indicator This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. INSTALLATION : Before attaching this Indicator to your window chart, go to your MT4's Market Watch panel and HIDE all the Currency pairs you don't need or trade and leave the rest there. The reason is that FFMV Dashboard will DISPLAY ALL the
650 USD
Binary GURU is an indicator with 75%+ accuracy for binary options trading and intraday trading at 18:02 PM (+3 GMT). The indicator is not redrawn and does not change its readings. Binary GURU is designed to determine the places where the price will make a reversal. The indicator captures both trend reversals and rollbacks, which allows you to increase the efficiency of its use. When using the indicator, the possibilities of analysis are significantly expanded, not only the places of correction a
400 USD
A. What is A2SR ? -- Full guidance : -- at   https://www.mql5.com/en/blogs/post/734748/page4#comment_16532516 -- and  https://www.mql5.com/en/users/yohana/blog A2SR has a special technique in determining the levels of Support ( demand ) and Resistance ( supply ) . Unlike the ordinary way that we seen on the net, A2SR has a original concept in determining actual SR levels. The original technique was not taken from the internet, and it has never been published on the internet either. A2SR will
276 USD
Beast Super Signal
Dustin Vlok
4.89 (94)
The Beast Super Signal is a simple and easy to use trend based indicator. It will continuously monitor the current market conditions looking for new developing trends or jump in on an existing trend. The Beast Super Signal indicator will monitor the current market conditions, and only when all of the internal strategies align, and are in 100% confluence with each other, the indicator will give a buy or sell signal. All you need to do is buy or sell when you get a signal arrow alert, no additiona
179 USD
All in One Trade
Alexey Minkov
4.46 (26)
The main purpose of the All-in-One Trade Indicator (AOTI) is determining the daily targets for EURUSD, EURJPY, GBPUSD, USDCHF, EURGBP, EURCAD, EURAUD, AUDJPY, GBPAUD, GBPCAD, GBPCHF, and GBPJPY. All other modules work on any instruments. The indicator includes many features: Double Channel trend direction, Price channel, MA Bands, Fibo levels, Climax Bar detection, etc. The indicator is designed to simplify the analysis of the market, and it is based on several trading strategies that I apply to
189 USD
This indicator uses support and resistance, volume and some special formula to calculate the volume to filter the candles. If the volume reaches a specific value, And at the same time, Candle breaks the support/resistance line, There would be a signal and we can enter the market. Signals appear when the current candle closes. then you can enter the trade when a new candle appears. Please don't forget to follow your money management plan. MT5 Version Support/Resistance Breakout MT5 :   https:
299 USD
Elliott Wave Trend MT4
Young Ho Seo
3.83 (6)
Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
200 USD
Price Action Sniper
Elmira Memish
3 (2)
Price Action Sniper is designed to trade the Price Action on the desired chart time frame. - Trend Reversals. - Trend Continuation. - Brekaouts. - Good tool for Binary Options Price action forms the basis for all technical analysis of a currency pair, commodity or other asset chart. Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses
400 USD
Weis Wave with Alert
Panagiotis Diamantopoulos
4.76 (17)
** NEW PLUTUS SIGNALS and ALL IN ONE ** Plutus Long and Short trading signals added (for more info visit  http://www.tradethevolumewaves.com  ) Different Wave Types, choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves  **IF YOU PURCHASE DO NOT FORGET TO CONTACT ME BECAUSE THERE IS MORE: Two Hrs Webinar + Training Room + Trade with the SI Traders, all free for now.  Free, two hour, one to one webinar covering setup , methodolo
499 USD
Most accurate  Pattern indicator on this market. It search triangles, wedges, channels (next patterns and autoscanner in plan) Works on Forex, Commodities, Indicies, Stocks, Crypto, ... on all timeframes and on every brooker. If you want this and all my other products for FREE , create account here  and then write me and I will send you all my actual and future product for FREE + VIP on my  http://discord.io/reitakfx For more info join to http://discord.io/reitakfx  where you can get
199 USD
BuySell H4 Signals
Andrey Almazov
3 (2)
The BuySell H4 Signals indicator shows the potential market entry points using arrows. The arrows are not redrawn and not backpainted. The arrow appears immediately after a 4-hour candle is completed. The BuySell H4 Signals indicator works only on the H4 timeframe. The indicator is calculated based on levels and candlestick patterns, and not intersections of moving averages, which allows it to generate high-quality signals at the earliest stage of the price movement. You can use 5 (five) differe
250 USD
The super trade signals channel index system automatically calculates the supporting lower track and resistance upper track according to the fluctuation amplitude of K-line at this stage and the position of space. The super trade signals channel indicator system will automatically calculate and detect the supporting lower rail line and resistance upper rail line at the position of K line in real time. When the price of K line touches the supporting lower rail line, it will automatically promp
200 USD
NAM Order Blocks
NAM TECH GROUP, CORP.
5 (1)
MT4 Multi-timeframe Order Blocks detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Detect OBs on multiple timeframes. - Select OBs quantity to display. - Different OBs user interface. - Different filters on OBs. - OB proximity alert. - ADR High and Low lines. - Notification service (Screen alerts | Push notifications). Summary Order block is a market behavior that indicates order collection
200 USD
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Strategy Builder offers an incredible amount of functionality. It combines a trade panel with configurable automation (covert indicators into an EA), real-time statistics (profit & draw down) plus automatic optimization of SL, TP/exit, trading hours, indicator inputs. Multiple indicators can be combined into an single alert/trade signal and can include custom indicators, even if just have ex4 file or purchased from Market. The system is easily configured via a CONFIG button and associated pop-up
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Fully functional manual trade panel with lot size calculation, one-click trading, hidden (virtual) stop loss/take profit and pending orders, scale in and out of trades (partial close), auto SL/TP and more. Works with all symbols not just currency pairs. Brings an incredible amount of functionality to MetaTrader for free and for both demo and live accounts. Features Lot size calculation - based on % of account to risk or fixed amount Hidden (stealth) stop loss, take profit and pending orders Par
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Allows multiple indicators to be combined into a single indicator, both visually and in terms of an alert. Indicators can include standard indicators, e.g. RSI, CCI, etc., and also Custom Indicators, even those purchased through Market, or where just have the ex4 file. An early alert is provided, say when 4 out 5 indicators have lined up, and a confirmed alert when all are in agreement. A‌lso features a statistics panel reporting the success of the combined indicator by examining the current cha
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Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
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Trade Panel Pro by RunwiseFX
Runwise Limited
4.91 (22)
Fully functional manual trade panel with lot size calculation, one-click trading, hidden (virtual) stop loss/take profit and pending orders, scale in and out of trades (partial close), auto SL/TP and more. Works with all symbols not just currency pairs. Brings an incredible amount of functionality to MetaTrader for free and for both demo and live accounts. Features Lot size calculation - based on % of account to risk or fixed amount Hidden (stealth) stop loss, take profit and pending orders Part
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The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
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Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
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The indicator displays a matrix of indicators across multiple timeframes with a sum total and optional alert. Custom indicators can also be added to the matrix, in a highly configurable way. The alert threshold can be set to say what percentage of indicators need to be in agreement for an alert to happen. The alerts can turned on/off via on chart tick boxes and can be set to notify to mobile or sent to email, in addition to pop-up. The product offers a great way to create an alert when multiple
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Comprehensive on chart trade panel with the unique ability to be controllable from mobile as well. Plus has a library of downloadable configuration, e.g. exit rules, extra panel buttons, pending order setup and more. Please see our product video. Works with all symbols not just currency pairs. Features On chart panel plus controllable from free app for Windows, iPhone and Android Built-in script engine with library of downloadable configuration, e.g. add 'Close All Trades in Profit' button, exit
99 USD
Description Shows whether market is trending or not, to what extent, which direction, and if the trend is increasing. The indicator is very useful for trend following strategies. The indicator can also alert when the market transitions from being flat to trending, which can serve as a great entry point. The alert is controllable directly from the chart, with an on-chart tick box to enable the alert. Also includes bonus indicators of current spread and ask/bid prices in large text, color coded as
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Displays multiple indicators, across multiple timeframes and symbols to give a comprehensive overview of the market. Uniquely, the indicators are configurable and can include custom indicators, even those where you just have the ex4 file or those purchased from Market. Standard indicators can also be selected, the default being ADX, CCI, market price above/below Moving Average (MA), Moving Average Cross (MAX), MACD, Momentum (MOM), OsMA, RSI, Parabolic SAR, William's Percentage Range (WPR). Use
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The first currency based indicator to draw a distinction between map and strength. The map shows the currencies in terms of oversold/overbought levels and gives the direction of travel. The currency strength calculates and shows the strength of that move. Alerts are included for changes in currency direction on the map (confirmed over two bars) and also when the strength reached the appropriate level.  The currency map is useful for finding currency pairs to trade and in which direction. Look fo
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The indicator displays trend strength, including showing the transition from buy to sell and visa versa. It is ideal for trend following strategies and also highlights possible reversals/flattening trend with a yellow X on the indicator window. By default, the indicator does not repaint/flicker, however, there is an option to calculate on the live candle but even then the indicator will not repaint unduly. The indicator can also be used for exit. Usage Enter long/buy trade when the indicator t
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Description The product draws lines on the chart to show daily support, resistance and pivot plus weekly and monthly pivot. An alert can be set when the price reaches one of the lines or the price closes above/below it. This can be useful for both entry and exit. The alerts can be controlled interactively directly from the chart. The product also includes bonus indicators of Average Daily Range (or Average True Range - configurable), current spread and ask/bid prices in large text, color coded
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Description Shows Heikin-Ashi candles (often misspelled Heiken-Ashi) on the chart and can alert when candles change color. The alert is useful for both entry and exit. The number of candles of the new color before an alert is raised can be set. The alert can be controlled interactively, directly from the chart. Also includes bonus indicators of current spread and ask/bid prices in large text, color coded as price changes. Usage Heikin-Ashi candles give a much better insight to the underlying tre
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Provides the simplicity of binary options but addresses the shortcomings of regular binary options, namely: Poor risk reward ratio, fixed duration trades, poor broker choice, poor indicators/alerts, no hidden (stealth) stop loss/take profit, etc. Features 1 to 1 risk reward ratio, calculated automatically (configurable) Manual (with alert) or automatic trade entry (on alert conditions) Lot size calculation (money management) - based on % of account to risk or fixed amount Compact interactive o
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Allows symbols/currency pairs to be ordered based on a configured indicator, with the best performing symbols shown at the top. This helps you to select the symbol with better prospects from a given list of symbols. Can optionally alert when a symbol moves into the top two (configurable). Also shown is the number of pips that the symbol has moved in its current direction, allowing you to tell if you've 'missed the boat'. Further, a graph is shown, per symbol, of the indicator value over time all
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The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
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The indicator displays a matrix of indicators across multiple timeframes with a sum total and optional alert. Custom indicators can also be added to the matrix, in a highly configurable way. The alert threshold can be set to say what percentage of indicators need to be in agreement for an alert to happen. The alerts can turned on/off via on chart tick boxes and can be set to notify to mobile or sent to email, in addition to pop-up. The product offers a great way to create an alert when multiple
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Shows whether market is trending or not, to what extent, which direction, and if the trend is increasing. The indicator is very useful for trend following strategies, where it can filter out flat/choppy markets. The indicator can also alert when the market transitions from being flat to trending, which can serve as a great trade entry point. The alert is controllable directly from the chart, via a tick box. Also, the product includes bonus indicators of the current spread and ask/bid prices in l
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The first currency based indicator to draw a distinction between map and strength. The map shows the currencies in terms of oversold/overbought levels and gives the direction of travel. The currency strength calculates and shows the strength of that move. Alerts are included for changes in currency direction on the map (confirmed over two bars) and also when the strength reached the appropriate level.  The currency map is useful for finding currency pairs to trade and in which direction. Look fo
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Nicola Pileri
293
Nicola Pileri 2020.04.01 19:21 
 

Mi stupisce che ci siano così poche valutazioni, tutti i commercianti dovrebbero avere questo sistema che fa risparmiare enorme tempo.

Fantastico sistema.

Trader mql5
1113
Trader mql5 2019.04.25 04:01 
 

Where do I start...

Most importantly, support is superb and this is a unique, one-of-a-kind "app". I call it an app as it assists you in guiding which indicators have some hope and which are just rubbish by quickly analyzing the buffers of the indicators.

I certainly have a love-hate relationship with it, as it exposes the indicators which I thought are profitable in the long run, but fail miserably. I could have bet my life on some indicators, but this app clearly trashed most of them. I am starting to realize that indicators are not my way forward in trading...

I literally tested 3000+ indicators over the last couple months. Most can be trashed immediately within a few seconds by inserting the buffers. Others seem extremely profitable, but then test them through Strategy Tester, just to realize they either repaint or back-paint, even subtly by changing color, arrow or angle within one candle. When this info is then fed to the app by shifting the confirmation to 2 bars i.l.o 1 bar - crash, boom, bang, kaputt. It will need some reading and studying the manual in DETAIL to be able to identify which capture modes to use, but you will get there, believe me I am not overly bright and my mind melts when I have to program anything even remotely simple, but the logic of this piece of software is fantastic, once you get the hang of it - no programming required, you just pick the appropriate capture options and set your TP, SL levels. Also appropriate time frame consideration is very important with different TP/SL for each TF.

Remember there are many options for Stop Loss and Take Profit. Some indys like quick TP without waiting for opposite signals, others need opposite signals to be profitable. Scaling in on some are also good instead of a blind TP level. Combinations of both scaling in and exit/reverse on opposite signals are also possible. Stop Loss levels for each pair is also sensitive due to the pair's volatility, play around.

If you are an indicator addict like me, it will save you thousands. I spend more on indicators than on my trading balance in the hope to find that one gem - AND THIS IS THAT VERY GEM. If you insert this indicator in strategy tester, then demo a market indicator within it without buying it, you can very quickly make up your mind. Test the top 20 indicators in demo here on MQL5, you will be shocked. Bear in mind, multi time frame indicators will not work properly in Strategy Tester, with or without Indicator Merge. Refer to the sellers of these indys and they may have a free "lite" version or limited demo version for you to test.

Just a final tip: Even if you found a indy or a combination of Indicators that look good, even after testing them in Strategy Tester and you found them not re- or backpaint - Try them yet again in Strategy Tester together with Indicator Merge to give you current stats. Many, many indicators appear not to repaint, but small changes are sometimes not noticed unless they run bar by bar.

I am a rehabilitated compulsive gambler, this software is helping me turn into a rehabilitated compulsive indicator user at a price that is low for its effectiveness. I have currently only a handful of indys (most of them are free!) which may be useful as confirmation, still optimizing them to make a final decision.

The grey matter with vast voids between our ears seems to be the greatest expert advisor of all.

Additional edit: Where this app shines with Indicators is what Strategy Tester does for Expert Advisors. With Strategy Tester you can optimise the parameters of your EA to review which settings are the most profitable. This is not possible with Indicators as they do not have actual trade signals for Strategy Tester to invoke trade stats. With Indicator Combine you can enter the parameter settings of your indicator and see what impact it has on the profit/loss e.g. calc lookback parameter default of an indicator is 13, but what happens if you set it at 9 or 5 or 15? These stats are updated instantly without running it through Strategy Tester. Just remember if it does re-/backpaint it would be wise to run (no pun intended) again through Strategy Tester with Indicator Merge running concurrently.

I actually now test EVERY indicator through Strategy Tester with IC, it is mind blowing how many programmers manipulate the signals to show great signals in the past, just to realise when running them live, the signals are not even close to what they indicated in history. There are very few exceptions..

nicetees
118
nicetees 2018.08.23 14:26 
 

This indicator is the best investment I have made so far! I accidentally stumbled on it while searching for a MT4 programmer to combine some indicators into one, and this is far better. Excellent value and customer service! I am very pleased with my purchase.

sunnychow
8669
sunnychow 2018.08.08 17:40 
 

I am still study to understand the signal , edit the indicator, I will update my review later

Chern Wang
911
Chern Wang 2018.03.22 02:33 
 

This indicator is the single best investment I made. It is a game changer for me. The support is fantastic as well!

Mujeeb Abdul
2087
Mujeeb Abdul 2017.11.14 08:22 
 

Excellent indicator good support

Marcel Wagner
517
Marcel Wagner 2017.09.12 14:49 
 

This is the most useful Tool i`ve ever purchased/tested on the MQL5 Market for sure, i created a reliable Signal with it and use it with the Strategy Automator also from RunwiseFX, it already payed off. Nothing more to say.

appropiate
1717
appropiate 2017.08.29 00:04 
 

Another magnificent tool from RunwiseFX! Able to analyze at a glance profitability, win/loss ratio and drawdown of strategies based on indicators/indicator combinations, SL, TP levels, trading hours and many other configurations, for all opened charts with different pairs/timeframes. All the statistics are summarized in one table for easy comparison. Huge time saver for backtesting and choosing best pair to trade. The Indicator Combine + Strategy Automator (their other excellent EA) will allow to analyze indicator-based strategies, choose the best strategy/configuration and convert it into an EA that can trade for you automatically. Functionality and configurability at its best. And customer support is beyond outstanding. I usually receive several emails per day, even on weekends. They are also open to modifying their tools upon reasonable/constructive feedback. Thanks a million Mark/RunwiseFX team!

Peter
1060
Peter 2017.07.25 12:27 
 

Fantastic indicator and works as promised. I'm never disappointed with products from RunwiseFX and the support is great.

Thanks Mark!

Alexander Dubenskiy
1295
Alexander Dubenskiy 2017.07.22 02:46 
 

I've been using this indicator for about I'd say 1 month if memory not deceiving me if not longer.

runwisefx products in general are products I use the most on mt4 platform. Overwhelming majority of indicators in my library being used with Indicator Combine or multiple indicator matrix. Various capture modes available and ability for the product to work with custom/third party proprietary stuff puts indicator combine in a whoooole new league in comparison to other utility products in a market.

As mentioned in automator review, indicator combine and automator especially reminds me of a product on ninjatrader side known as shark indicators bloodhound.

I'd say runwisefx producs similarly to tick data suite elevating capabilities of mt4 platform to a whole new level and substantially increasing mt4 potency . Taking different indicators "vanilla" and proprietary and morphing/combining them in variety of ways is absolutely supreme!!!

Let say you have 5 of your favorite indicators. cci, rsi, proprietary1, proprietary2, proprietary3 and let say you have a chart where you check for harmonic patterns or gann or astro, or eliott cycles or some similar way of generating a setup for a trade and using these 5 indicators as a trigger (an example).

Instead of having 5 indicators taking precious space on a chart you can merge them into 1 indicator which takes tiny space on a chart however provides highly compressed, *logistically dense*, valuable information on a chart which is combination of these 5 indicators.

After realizing the idea behind a product and what runwisefix did, pulled the plug on a purchase with "my eyes closed".

Also overall i believe prices on runwisefx products are complete bargain which just reinforces my belief people have to do the homework on mt4 market products very very carefully as indicators/eas most certainly not created equally and you may have 150$ product packing waaay more capabilities than let say 5000$ product etc.

Not saying runwisefix should increase the price haha however I.. I could see purchasing combine/matrix/automator product even if they costed 500$. The amount of brain power behind them is simply astounding.

3 flagship runwisefx products in my book unequivocally #1 utility products for mt4. If you use mt4, have tons of indicators and tons of eas it is my sincere belief you must have indicator combine, indicator matrix and if you would like to take trades off these automator.

Also would like to compliment runwisefx support. At the moment runwise pretty much focused on 3 main heavy hitter products. Matrix/combine and automator. Majority of support and improvement efforts focused on these 3 offers. Benefits are runwise business model is instead of spreading intellectual efforts on let say creating 20 different products with a twist they pretty much have only 3 flagship products hence more time for enhancements and supporting customers.

Support is top notch!

Do not think I or anyone else part of runwisefx cusomter base should expect a reply on weekends however few times Mark and runwisefx team replied to me on a weekends which pretty much blew my mind as I did not expected it at all.

Runwisefx is most certainly on the ball when it comes to supporting their flagship products and i have nothing but great things to mention and have nothing to complain about.

Fairly certain after 1 month (or may be longer) I'll be actively using combine/matrix and automator products for as long as mt4 is alive and supported.

Thank you runwisefx!! ^^

With best regards. Alex.

Yvonne
809
Yvonne 2017.05.12 18:47 
 

This is a great tool to have if you want to get instant statistics on changes to your strategy. The stats update in real time so you can see, for example, what effect changing from a fixed stop loss to an ATR based stop loss would have on your profit. It can be as simple or as complex as you want to make it. You can use it with custom indicators and the support is excellent. Good for both newbies and pros alike.

Reply to review
Version 6.8 2022.05.12
- Fixed issue where not allowing functionality to be incorporated into Ultimate Trade Manager EA
Version 6.7 2021.07.08
- Fixed issue with previous simulated trades being left on chart

- Corrected default supplied configuration which had Capture Mode incorrectly set for ADX capture

- Fixed issue with 'Revert' text not being show on Refresh/Revert button
Version 6.6 2021.06.23
- Added support for our Ultimate Trade Manager EA, which allows trades to auto open/closed, rather than just alerts, plus adds auto optimization
Version 6.5 2021.03.07
- Fixed issue with previous version when indicators were captured with out Period box set to 0

- Fixed minor issue of panel not being deleted when Indictor Combine is removed from the chart
Version 6.4 2021.02.21
- Fixed issue with previous version where new arrows sometimes didn't appear and also could have got a critical error

- Added new built-in indicator for 3 moving averages crossing each other - F:MovingAverage3Cross (available to select in CONFIG | Indicators | Indicator Name selection list)
Version 6.1 2021.02.09
- Added two output buffers (7 buy and 8 sell) to display arrows when confirmed entry signal happens. This can be used by products that need to see arrows to take action. Set input Main_showArrowOnConfirmedEntry to false to turn new feature off.
Version 6.0 2020.12.26
- Add Color Index Tool that helps to configure indicators
Version 5.2 2019.12.27
- Fixed issue where BO bars couldn't be saved on per symbol/period basis
Version 5.1 2019.08.18
- Added support for looking at value achieved on CrossBuySell capture. Set Mid Point to value needs to be over.
Version 5.0 2019.08.10
- Added new capture mode OnCross for when indicator crosses certain value
Version 4.9 2019.01.12
- Added support for setting properties of the Heiken Ashi Smoothed Alert indicator
Version 4.8 2019.01.03
- Fixed issue with 'YesAndAtStart' mode where wouldn't work properly under certain circumstances
Version 4.7 2019.01.02
- Added work-around for when timer cannot be allocated due to MetaTrader being low on resources
Version 4.5 2018.12.10
- Fixed divide by zero error that could happen under certain circumstances

- Improved support for Price Action Real Power indicator, so that visualization could be turned off via inputs
Version 4.4 2018.10.21
- Added support for moving average crossing high and low moving average
Version 4.3 2018.09.29
- Added input Indi_checkErrorReturnFromICustom which can be set to true if you get an alert "can't find/initialise custom indicator...", but is actually fine. This can happen with certain indicators that are slow to initialise.
Version 4.2 2018.06.26
- Added compatibility with Awesome Oscillator indicator
Version 4.1 2018.06.18
- Fixed issue where excessive message logging in the Experts log could happen if using stop loss calculation method Custom Indicator
Version 4.0 2018.06.05
- Fixed issue where configuration could not be set on a per symbol/period basis

- Improved compatibility with indicators that draw colored objects on the chart, where the color represents the buy/sell indication
Version 3.4 2018.04.18
- Added support for indicators that use object colors to signify buy/sell.
Version 3.3 2018.03.27
- Improved compatibility with Tipu MACD indicator and MACD cross
Version 3.2 2018.02.27
- Improved support for indicator TFX_Directriz
Version 3.1 2017.12.25
- Fixed issue with Bollinger Band reversal not working
Version 3.0 2017.11.20
- Added support for indicators that display trend lines

- Added support for indicators that work on currencies rather than currency pairs

- Added support for indicators crossing other indicators
Version 2.9 2017.10.05
- Fixed bug when calculating combined indicator value when 'Essential for Trade' option set to 'Yes And At Start' for the sell direction
Version 2.8 2017.09.28
- Fixed issue with double alert/notification occurring under certain circumstances
Version 2.7 2017.09.19
- Fixed accuracy of statistics calculation with regard to spread when using Strategy Tester
Version 2.6 2017.09.13
- Fixed take profit calculation when using Median Renko charts
Version 2.5 2017.08.30
- Improved accuracy of shown statistics when using Median Renko charts
Version 2.4 2017.08.23
- Added support for indicators that display arrow objects on the chart
Version 2.3 2017.08.01
- Improved support for Price Action Strength Indicator custom indicator
Version 2.2 2017.06.21
- Added ability to handle price crossing indicator value

- Added ability to specify increment/decrement amount
Version 2.1 2017.05.15
- Fixed possible divide by zero error when Default Alert in General Settings is set to 'auto on win ratio' and there have been no trades found
Version 2.0 2017.05.05
- Added DeMarker and MFI as built-in indicators that can be added to the combination

- Added ability to include indicator where value is below set value
Version 1.8 2017.04.19
- Fixed issue setting Default Alert to confirmed in General Settings pop-up

- Fixed issue capturing different periods when interested in live candle value
Version 1.6 2017.04.04
- Fixed processing of indicators showing a point/arrow at the beginning of a move/trend

- Added "Delete All" button in the indicator setup window (confirmation will be required)

- Better convenience in the demo mode when run in the strategy tester

- Better profit value formatting - now profit is displayed with M or K where needed

- The default value of Main_statsBarsToCalcBack was changed to avoid hanging of charts with a large number of bars

- Added Stochastic

- Added support for over bought and over sold indicators