Market / MetaTrader 4 / Experts /

Blue Rider Expert Advisor MT4

499 USD

Demo downloaded: 100

Published: 14 October 2021

Current version: 1.2

Blue Rider Expert Advisor MT4

Experts
Tino Viehweg
Version: 1.2
Updated: 7 February 2024
Activations: 5

Blue Rider Expert Advisor (BR EA) MT4

The BR EA is an EA which generates orders based on the signals of the Normalized Trend Reversal Multi Time Frame Indicator (NTR MTF Indi MT4).

The NTR MTF Indicator generates the signal using a crossover of two modified moving average systems.

The BR EA can be used on Forex currency pairs, indexes, metals, and cryptocurrencies.

The BR EA trades the first order and builds a grid as soon as the NTR MTF Indicator generates the next signal.

For a better overview, the BR EA plots the profits of the individual trades or sequences directly on the chart and connects the entries with the exits using dashed lines.

Ask me for Settings, User Manual, Installation, Requirements, and everything else you need for trading.

There is a channel with weekly trading recommendations for the Blue Rider EA MT4 and a support group on Telegram for all interested traders. Please send me a PM.

Recommended trading pairs

AUDJPY; EURAUD; EURGBP; EURUSD; GBPAUD; GBPJPY; NZDCAD; NZDCHF; NZDUSD

General requirements for trading with Blue Rider EA

Minimum account size: 3000 e.g. USD for trading 3-5 pairs with the lowest starting lot of 0.01

Leverage 1:500

Not suitable for netting account and ESMA leverage restrictions.

Raw spread accounts and low latency VPS are recommended.

BR EA works on accounts of various brokers.

We recommend for getting the best results, as the BR EA has been optimized with the ECN data feed of the broker .

Parameters:

General Settings

Enable Buy – allow buy trades

Enable Sell – allow sell trades

Magic Number - identifier

Comment – add identifier

Entry Settings

Lot Base - first lot which the EA starts

Minimum Grid Distance (Fixed) - min distance of grid between entries

Lot Multi (1-Disable) - Multi of the individual lots of entries

Lot Sum (0-Disable) - Summand of the individual lots of the respective entries

NTR Settings

TimeFrame - TF of chart

Normalisation Period - defines the Period for which the Normalization of the NTR

Overbought Level (Normalisation > 0) - defines the Overbought Range for which a signal output is to be made by the NTR MTF indicator

Oversold Level (Normalisation > 0) - defines the Oversold Range for which a signal output is to be made by the NTR MTF indicator

ZigZag Filter Settings

Enable Filter First Trade – activates the filter only for the first trade

Enable Filter Sequence – activates the filter for each trade in the sequence

TimeFrame – TF of ZigZag Filter

BreaktoutMode - Setting for displaying the breakout option

Reversal Value according to Retrace Mode – Reversal value of the Retrace Modus

Retrace Mode – Mode that records the distance to which prices have collapsed again after reaching a new high

ATR Period (RetraceMethod=3) – Average True Range Periode

Exit Settings

Minimal Profit Target (0-Disabled) - min def TP

Increase Profit Target (1-Disabled) - Factor, which added to Minimum Profit Target depending on number of opened lots when closing sequence

Target ATR Multi (0-Disabled) – Target tracking based on the Average True Range

Emergency Management

Max Lot (0-Disabled) – highest lot opened in sequence (or singletrade)

Close on equity loss (0-Disabled) – SL in Money

Close on profit after x trades - closes lots of sequence after ... number of opened trades with BE

Pips in Profit (from Average Price) - closes sequence with an add profit

Filter Settings

Enable Time Filter 1 - allows trades in time of day 1

Start Hour (1) - def start time (1)

Stop Hour (1) - def stop time (2)

Enable Time Filter 2 - allows trades in time of day 2

Start Hour (2) - def start time (2)

Stop Hour (2) - def stop time (2)

Max Spread (0-Disabled) – Max allows spread between Bid and Ask

Max Slippage – Max allow Slippage

Visual Settings

Show Panel - - Informative panel shown

Enable Profit On Screen – activated profit display on the screen

Profit Color – Color of the profit

Arrow Distance – Distance of the arrows

Buy Arrow Color - Color for a buy entry signal

Sell Arrow Color - Color for a sell entry signal

Exit Arrow Color - Color for a exit signal

Exit Line Color (Single/ Last Trade) – defines color of dashed connecting line between entry and exit of single trade or last trade in a sequence

Exit Line Color - (Buy Trade/s) – defines color of dashed connecting line between entry and exit of Buytrades in a sequence, but not last Buytrade of this sequence

Exit Line Color (Sell) - (Sell Trade/s) – defines color of dashed connecting line between entry and exit of sell trades in a sequence, but not last sell trade of this sequence

more...

107

Husain Ballam 2021.10.23 06:03 #

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Dear users, I would like to introduce you to my new trading advisor VVX Xerath XT. The VVX Xerath XT advisor operates on the platform of the iconic SSX Titan TT advisor, yet unlike it, it operates on lower timeframes of M15 and uses other indicators to generate trades, while also trading on two currency pairs, XAUUSD and USDJPY, which provides us with a slight diversification across pairs. My focus has been on creating an advisor that would use the best indicators combined, albeit with differen

599 USD

Hi, I am proud to present one of my products Gold Wizard. Gold Wizard is a pure single trade expert advisor, designed specifically to trade GOLD/XAUUSD. How does it work? Gold Wizard is designed for scalping GOLD by placing pending orders based on high low at certain periods. Why Gold Wizard ? Gold Wizard is a fully automatic trading system. Does not use any risky strategies such as hedging, martingale, grid or multiple orders. Every trade is protected by a stoploss. Real Signal | Prop Firm

1 000 USD

Normalized Trend Reversal Multi Time Frame Indicator (NTR MTF Indicator) MT4 The NTR MTF Indicator has been developed as the exceptionally reliable trend reversal indicator. The NTR MTF Indicator suits with all Forex currency pairs and metals and can match with all kinds of time frame charts. NTR MTF Indicator generates the signal using a crossover of two modified moving average systems in a separate window. These average levels are called the NTR MTF Indicator. The blue average level is cal

30 USD

RS Volatility Multi Time Frame Indicator (RS Volatility MTF) MT4 The RS Volatility MTF Indicator has been developed as the exceptionally reliable trend indicator. The RS Volatility MTF Indicator suits with all Forex currency pairs and can match with all kinds of time frame charts. RS Volatility MTF Indicator generates a trend signal based on the crossing of a moving average system and the price. Considering the ATR, the exact entry point is now defined. The yellow line shows this possible en

30 USD

RS Volatility Expert Advisor (RSV EA) MT4 The RSV EA is an EA which generates orders based on signals of RS Volatility MTF Indicator. The RSV EA trades first order and builds a grid as soon as Filter condition are fulfilled. The RSV EA plots profits of individual trades or sequences directly on chart. Ask me for Settings, User Manual, Installation, Requirements, and everything else you need for trading. There is a channel with weekly trading recommendations for the Blue Rider EA MT4 and a su

499 USD

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Husain Ballam 2021.10.23 06:03 #

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Reply from developer Tino Viehweg 2021.10.24 10:52 #

Thank you for taking the time to leave us this great review. We have worked hard to create a product that motivates our customers to perform at their best, strengthens their bond with each other, and at the same time leaves enough room for their own ideas on strategy and deployment. I am always here for our customers to support them. Also thanks for the recommendation given, I will take it into consideration.

Version 1.2 2024.02.07

new filter integrated

Version 1.1 2021.10.18

new version created with build 1350