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IDEA Position Manager and Market Advisor

News: IDEA 2.0 is out with lot of features, like telegram bot notifications and Limits order! Check the changelog at bottom of page (*).


Hi all,


here you can find my Expert Advisor, called IDEA (Intelligent Detection & managEr Algorithm). In short, with this software you can:

  • Have a clear view of market status, with an indication of current trend. Simply add symbols you want to monitor to your market watch, and IDEA will notify you if some of them are in trend;
  • Have an automatic lots calculation by inserting how many money you want to risk, risk reward ratio and by using automatically the ATR value;
  • Receive Email, app and telegram notifications when position is opened, closed (by Take Profit or Stop Loss) and incremented;
  • Manage automatically the position increments. You can choose how many time (and how many lots) you want to increase during your journey to Take profit. IDEA will adjust automatically lots value when reach the half of distance to take profit, accounting Stop Loss modification based on how money you are risking.
  • Build and have all chart with your favorite indicators/colors, by clicking only one button;
  • Have an easy User Interface, fully customizable, to manage your positions;
  • Can work on different symbols, like crosses and index.

How to use it?

  • Import it on your Metatrader 5 platform;
  • Add symbols you want to trade on your market watch;
  • Eventually adjust parameters with your trading IDEA: for example you can change distance in % of moving averages cross and other stuffs;
  • See IDEA's overview of market status;
  • Do your personal analysis;
  • When you have chosen symbols and direction, open IDEA properties and configure money you want to risk, TP/SL distance ratio and compounding iteration (if you want to do it);
  • Turn on mail, app and telegram notification (you need to configure it also in the general settings of metatrader);
  • Open the position!
  • If you want you can save your chart preset and put if on Files folder of Metatrader, so when you click on the Indicators button you will have all on your hands.


Disclaimer: IDEA is tested only on Forex Market. It   doesn't open position for you (because I really believe that when you open a trade, you should decide manually if is the case to go on market) but it helps you to have an indication of market status, to manage your position and to notify you status of it.

  • Test in demo before swith in real!

Changelog:

  • Added Telegram bot support. To configure it in metatrader follow first part of this guide: https://www.mql5.com/en/articles/2355. If you need help, I'm available to support you.
  • Added possibility to open limit order, to have benefits of retracements. Simply add % value of retracement on operation settings.
  • fixed minor bugs;

Just to be more clear, you can find a tipical usage of IDEA on the youtube video:




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This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5. It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes th
30 USD
Fibonacci decorator
Yutaka Okamoto
Fibonacci decorator is a unique product that decorates Fibonacci objects. This indicator can change the specific level line of a Fibonacci object. This tool caters to both beginners and advanced traders using Fibonacci objects. Advantages Supports three Fibonacci objects: Fibonacci Retracement Fibonacci expansion Fibonacci time zones Just add the mark of your choice to the description of a Fibonacci object's level Easy setting This indicator does not work well with Strategy Tester. Please down
30 USD
Virtual Grid MT5
Vladimir Gribachev
Utility for semi-automated trading. It uses invisible for broker dynamic setting levels for stop orders, stop loss, take profit and trailing stop. Suitable for working with any brokers, including American brokers with the requirement of FIFO. MT4 version of the adviser  link 💼 Telegram chat for questions and discussion: https://t.me/forex4up_chat Transactions can be opened using buttons or lines. In order for the adviser to open a position along the line: draw a line on the chart and rename it.
50 USD
Permanent Cross Hairs
Simon Gniadkowski
Have you ever wished the CrossHairs would stay on screen when you have finished measuring something? Have you ever wanted to grab a screenshot with the CrossHairs in place? Have you ever wanted to have the CrossHairs in a different color? Have you ever wished the CrossHairs would "snap" to the highs and lows of the bars? Now you can do all this with Permanent CrossHairs. The Demo version of Permanent Cross Hairs does not work in the Strategy Tester as the Strategy Tester does not support Button
16 USD
Magnifier
Serhii Shevchuk
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
10 USD
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