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FRZ Indicator Automater

This robot may not work properly in strategy tester!. Please download a DEMO here: https://c.mql5.com/6/857/FRZ_Indicator_Automater_v6.2_DEMO.zip

This is not an expert adviser in itself. It does not make trades by itself; it will only make trades based on the indicator that you use to generate signals. It is designed for currency pairs only and others may not work.

Please test with the DEMO before you buy. 

FRZ Indicator Automater is an expert adviser that can convert almost any indicator into an expert adviser. It does it by making orders/trades based on the indicator buffers and/or objects created by the indicator on the chart. It can open trades based on the signals provided by the indicator and trades are closed on the opposite signal (and an opposite trade is activated). The EA features an inbuilt news guard and martingale options.

Automation based on the indicator buffers

If your indicator has indicator buffers, then you can use this option. All you have to do is to rename your indicator to “myindicator” and then map the right buffer numbers to buy and sell signals. Also, make sure the indicator placed within the MT4 Indicators folder (not in subfolders).There are 03 types of indicators you can automate with buffers

Type 1 – Indicators generating arrows or similar signs such as thumb up/down, dots, etc. for buying and selling.

Type 2 – Indicators with one or two lines that change colors as per up or down trend.

Type 3 – Indicators with a two lines where buy or sell is determined by the cross over.

Automation based on objects created by the indicator

Some indicators generate objects on the chart as their buy or sell signals. This EA will work most of the objects that:
  • has a time parameter under properties,
  • has a common prefix in the name of the objects generated, and
  • has different colors for buy and sell signals

The objects can include arrows, triangles, buttons, thumbs, etc. You can use these objects to make trades/orders with this EA. If you are only using object-based trading, there is no need to rename your indicator as mentioned before. The objects are captured based on their name prefix, color and time of creation.

You may have both buffer based trading and object-based trading at once and also object based trading can be from a second indicator.

Caution on repainting indicators:

The EA will make trades/orders just as the indicator buffer or object appears. So if your indicator repaints, you might see trades/orders made while no indicator buffer or object visible or buffer or object is painted at a different place.


NB: We recommend ICMarkets as a broker. If you like, you may use our Introducing Broker (IB) code "23649" in ICMarkets registration or transferring existing accounts to receive a life time discounts on broker commissions and spreads.

  • For Raw Spread accounts, ICMarkets normal commission rate is $7 per lot but if you are under our IB code, you are charged only $5.5 per lot forever. You save $1.5 per lot forever (And spread will remain the same as before).
  • For Standard Accounts, you get a 0.3 pips discount on the normal spread on each trade forever. 

If you are already an ICMarkets customer, you can simply ask ICMarkets to transfer the existing account under our IB code. This discount will be automatically given to you immediately after you have registered or transferred your account under our IB code. There is no catch here. Your other terms and conditions remain the same as before. You can get out of our IB any time by informing ICMarkets.

Reviews 1
mprioretti
79
mprioretti 2019.08.21 13:53 
 

It works well with currency pairs and indices.

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mprioretti
79
mprioretti 2019.08.21 13:53 
 

It works well with currency pairs and indices.

Version 6.11 2020.03.14
Miscellaneous improvements
Version 3.1 2019.10.30
Miscellaneous
Version 3.0 2019.10.30
-News filter added
-Martingale added
-Time filter added
Version 2.0 2019.08.16
Miscellaneous improvements
Version 1.2 2019.02.01
Closing trades on opposite signal was embedded into EA
Version 1.1 2019.01.28
Added an option to close trades on opposite signal