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Universal Buffer EA

3.5

The Universal Buffer EA is an expert advisor that helps you creating all kinds of strategies. Just select an indicator that you find interesting, insert the path into the EA and start trading!


This EA helps you to save money. You can backtest an indicator and check if it's really profitable.


User Manual: https://www.mql5.com/en/blogs/post/742371


Inputs


Enable: Enable this indicator section. If you enable more than one indicator section, the conditions of all sections must be fulfilled in order to open a trade.


Condition Type: The default value is Trade_Open. Therefore, the section defines the trade open condition.


Timeframe: The timeframe on which the indicator should be analysed.


Indicator: Here you can choose the type of the indicator. You can select a predefined indicator (for example Moving Average, Bollinger Bands, ...) or a custom indicator. When you select a custom indicator, you can decide between buffers or objects. If you want to trade what is defined in the color tab of the indicator, you would select buffers. That is the usual case. Objects can also be traded. But this scenario will not be explained here.


Custom Path: If you selected a custom indicator in the previous input, you would have to specify the indicator path here.


Object String Buy: -


Object String Sell: -


Buffer Buy: The index of the buy buffer. The index of the buffer can be checked out in the color tab of the indicator.


Buffer Sell: The index of the sell buffer.


Candle Start: The EA starts checking conditions from this candle. The current candle has the index 0.


Candle End: The EA ends checking conditions at this candle. If you want to check only one candle, this input would have the same index as "Candle Start".


Number of Conditions: The minimum number of conditions that must be fulfilled between "Candle Start" and "Candle End".


Condition Buy: Let's assume we selected the Moving Average indicator. "Buffer rises" means that the moving average must rise in order to fulfill the condition.


Renewing Condition: If this input is set to Preserve, then the signal is allowed to occur on Candle End + 1. If set to Renew, then the signal must not occur on Candle End + 1.


Indicator 2,3,4

These inputs are equivalent to the Indicator 1 inputs. If more than one indicator is enabled, then both indicators work in conjunction. This means, the EA will only open a trade if both indicators fulfil the condition.



Trading Values


Indicator Timeframe: The timeframe of the indicators. When the EA is not in testing mode, this input should have a different value than current. Otherwise timeframe switching would alter the EA conditions.


Magic Number: The magic number of the trades.


Lot Size: The lot size.


TP Distance [Percent]: The TP distance in percent of the price. 1 is equal to 100%.


SL Distance [Percent]: The SL distance.



Risk


Enable: Enable the risk option. If enabled, the lot size will be determined according to the risk.


Risk [Percent]: The risk percentage.



Trailing SL


Enable: Enable the trailing SL.


Distance [Percent]: The distance of the trailing SL.



Break Even


Enable: Enable the break even option.


Trigger Distance [Percent]: The distance in profit where the SL should be moved to break even.


Break Even Distance [Percent]: The distance from trade open price where the SL should be moved.



Partial TP


Enable: Activate the partial tp option.


Partial TP Distance [Percent]: The distance from trade open price where the partial tp should be.


Percentage Lot Size [Percent]: The percentage amount of lots to be closed. If you have initially 0.1 lot open and you set this value to 0.8, then the partial tp will close 0.08 lots.



Close Trade at Counter Signal


Enable: Enable the close trade at counter signal option.



Close Trade before Weekend


Enable: Enable the close trade before weekend filer. No trades will stay open during the weekend.


Day: The day when to close the trade. Normally, this is Friday.

Hour

Minute

Spread Filter

Enable: Enable the Spread Filter.


The other inputs will be explained in the user manual.

Reviews 2
wilsonvivas32
462
wilsonvivas32 2021.06.06 04:24 
 

I rented this EA for a month and seems to have a good potential for those with experience with playing around with settings and a lot of back testing. Has a lot of possibilities in terms of parameters to be adjusted to your liking. But you need to know what you are doing otherwise you will be running into trouble. David Leander will try to help you, but at the end in my case I was not able to get it to work. I assume it's more of my problem since I am not an EA expert.

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Ozkan Kara
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Midnight Blitz MT4
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Invictus Gold
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Real-time signals of   this EA: Fixed lot size: https://www.mql5.com/en/signals/1296048 Auto lot:   https://www.mql5.com/en/signals/1288847 $599 new product sale! Next price-->       $699 MT5 version is here GoodMorningEA   is an advanced night trading system. It uses intelligent algorithms to enter the market safely when the market is at its calmest, and has a variety of ways to exit. The system I have studied for many years, and for the improvement of the current market situation, to make it
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High Low FX draws dots if a new high or low occurs. The indicator is interesting for many different strategies. It can be used in EAs. High Low FX generates also alerts if a new high/low appears. The indicator is fast and not repainting. ️ High Low FX is not repainting. ️ High Low FX requires a minimum of CPU power. ️ High Low FX can be used in EAs. In order to properly calculate the extremes the indicator is lagging Inputs Left -> How many candles to the left must the high (lo
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Elephant Candle
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The Elephant Candle is an indicator for MT4. It draws arrows when strong bullish or bearish candles appear. Strong candles frequently initiate a new trend. The arrows can be used in expert advisors. This indicator can improve already existing trading strategies. The indicator is very fast and doesn't repaint. Inputs Period Candle Multiplier Candle Niceness [%] Arrow Size Enable Alert Enable Push Notification Enable Email
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Li Wei
168
Li Wei 2021.09.23 16:57 
 

No customer support. I will not buy this EA if I have other choice...

wilsonvivas32
462
wilsonvivas32 2021.06.06 04:24 
 

I rented this EA for a month and seems to have a good potential for those with experience with playing around with settings and a lot of back testing. Has a lot of possibilities in terms of parameters to be adjusted to your liking. But you need to know what you are doing otherwise you will be running into trouble. David Leander will try to help you, but at the end in my case I was not able to get it to work. I assume it's more of my problem since I am not an EA expert.

Reply to review
Version 1.65 2021.06.10
old set files work again
Version 1.63 2021.05.31
You can choose between Points and Percent
Version 1.62 2021.05.24
The EA can trade more objects on the chart (for example labels with text)
Version 1.61 2021.04.09
-Trade Close conditions are connected by an OR operator. (Trade Open conditions by an AND operator)
Version 1.60 2021.04.08
-Error with object indicators fixed
Version 1.59 2021.04.07
-More default indicators available
Version 1.56 2021.01.13
-The EA can now also trade objects
-More features added
Version 1.55 2020.10.11
-several updates
Version 1.30 2020.07.16
Version 1.30
-bug fixed
Version 1.20 2020.07.14
Version 1.20
-Percentage Inputs were multiplied by 100 (%)
-Update of the Trailing SL
-Timeout Trade Close
-Extremum Timeout
Version 1.1 2020.07.13
Update 1.01
-Now also the demo version can trade all symbol and is not restricted.
-New filters were added.
-Every indicator can have its own timeframe.
-The current candle can be traded.
-Indicator conditions can be used as trade close criteria.