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Channel Architect MT5

This utility calculates and draws lines over the chart. There are two types of channels:

  • Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends
  • Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends

The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 3):

  • the count of bars to the last base point of a line is called BarAge and has to be greater than the parameter MinBarAge
  • the length of the line starting at the first base point is measured in bars and has to be greater than MinLength
  • the ratio of the length between the base points of the mainline and the length of the whole line has to be greater than MinLenfac
  • the ratio of bars since the line was broken (PostBreak) and the unbroken line length has to be less than MaxPostBreakfac

One feature of the utility is that the lines will fade out with incoming bars if they are near the point that they do not fullfill the conditions (e.g. line is broken and PostBreakfac gets too big). That makes it easier to differ the lines. So the next parameters are just for visual effects:

  • LineColor sets the main color of the lines
  • ColorFadefac represents the color intensity at the point the conditions are scraped through; 0 means main color, 1 means background color
  • FadeFac is similar to MinLenfac and sets the ratio, when to start the fadeout

The indicator works on all currency pairs and timeframes.

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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-u
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Utilities
Expert Advisor Risk Manager for MT5 is a very important and in my opinion necessary program for every trader. With this Expert Advisor, you will be able to control the risk in your trading account. Risk and profit control can be carried out both in monetary terms and in percentage terms. For the Expert Advisor to work, simply attach it to the currency pair chart and set the acceptable risk values ​​in the deposit currency or in % of the current balance. PROMO BUY 1 GET 2 FREE -   https://ww
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This indicator calculates and draws lines over the chart. There are two types of channels: Channel A: the mainline is drawn using local lows for uptrends and local highs for downtrends Channel B: the mainline is drawn using local highs for uptrends and local lows for downtrends The parallel lines of both types are built using the max. fractal between the base points of the mainline. There are a few conditions, which have to be fullfilled and can be changed by the parameters (see also picture 4):
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Version 1.11 2017.12.27
BUG in MT4 to MT5 conversion resolved