Indicator Combine Merge by RunwiseFX

So I also stumbled on this gentleman's work ... looking for a way to work out an alert for more than one indicator. What this is potentially, (combined with his trade manager) is a way to create (and alter however you might wish, whenever you wish, as many times as you wish) the equivalent of the most complex EA imaginable, and on top of that, it basically will self-optimize. It's a dream-come-true.

To keep it short, a SENSATIONAL tool for backtesting, indicating when to buy/sell and exit based on your system. If you have a profitable and fully mechanical system based on indicators then this is a must have tool. It facilitates your backtesting so much and provides you statistics based on the chosen days, which boosts your confidence and saves you precious time. Very user friendly, the videos on Youtube are very useful, comprehensive manual to reference. Not to say about the support and customer service is OUTSTANDING. Any legitimate doubt that I’ve had, I received a prompt and comprehensive answer to my Qs. LASTLY, before you buy, make sure that this is the tool you are looking for. This is an indicator and even though you can build your mechanical strategy using this tool, you cannot automate it (run it as an EA) since it’s an indicator. Make sure you take a look to his products and ask support if they have them on their website since through them, you don’t have the hardware activation limit. If you are confused, just contact the support email, describe what you’re looking for and I hope you’ll end up satisfied as myself.

Mi stupisce che ci siano così poche valutazioni, tutti i commercianti dovrebbero avere questo sistema che fa risparmiare enorme tempo.

Fantastico sistema.

Where do I start...

Most importantly, support is superb and this is a unique, one-of-a-kind "app". I call it an app as it assists you in guiding which indicators have some hope and which are just rubbish by quickly analyzing the buffers of the indicators.

I certainly have a love-hate relationship with it, as it exposes the indicators which I thought are profitable in the long run, but fail miserably. I could have bet my life on some indicators, but this app clearly trashed most of them. I am starting to realize that indicators are not my way forward in trading...

I literally tested 3000+ indicators over the last couple months. Most can be trashed immediately within a few seconds by inserting the buffers. Others seem extremely profitable, but then test them through Strategy Tester, just to realize they either repaint or back-paint, even subtly by changing color, arrow or angle within one candle. When this info is then fed to the app by shifting the confirmation to 2 bars i.l.o 1 bar - crash, boom, bang, kaputt. It will need some reading and studying the manual in DETAIL to be able to identify which capture modes to use, but you will get there, believe me I am not overly bright and my mind melts when I have to program anything even remotely simple, but the logic of this piece of software is fantastic, once you get the hang of it - no programming required, you just pick the appropriate capture options and set your TP, SL levels. Also appropriate time frame consideration is very important with different TP/SL for each TF.

Remember there are many options for Stop Loss and Take Profit. Some indys like quick TP without waiting for opposite signals, others need opposite signals to be profitable. Scaling in on some are also good instead of a blind TP level. Combinations of both scaling in and exit/reverse on opposite signals are also possible. Stop Loss levels for each pair is also sensitive due to the pair's volatility, play around.

If you are an indicator addict like me, it will save you thousands. I spend more on indicators than on my trading balance in the hope to find that one gem - AND THIS IS THAT VERY GEM. If you insert this indicator in strategy tester, then demo a market indicator within it without buying it, you can very quickly make up your mind. Test the top 20 indicators in demo here on MQL5, you will be shocked. Bear in mind, multi time frame indicators will not work properly in Strategy Tester, with or without Indicator Merge. Refer to the sellers of these indys and they may have a free "lite" version or limited demo version for you to test.

Just a final tip: Even if you found a indy or a combination of Indicators that look good, even after testing them in Strategy Tester and you found them not re- or backpaint - Try them yet again in Strategy Tester together with Indicator Merge to give you current stats. Many, many indicators appear not to repaint, but small changes are sometimes not noticed unless they run bar by bar.

I am a rehabilitated compulsive gambler, this software is helping me turn into a rehabilitated compulsive indicator user at a price that is low for its effectiveness. I have currently only a handful of indys (most of them are free!) which may be useful as confirmation, still optimizing them to make a final decision.

The grey matter with vast voids between our ears seems to be the greatest expert advisor of all.

Additional edit: Where this app shines with Indicators is what Strategy Tester does for Expert Advisors. With Strategy Tester you can optimise the parameters of your EA to review which settings are the most profitable. This is not possible with Indicators as they do not have actual trade signals for Strategy Tester to invoke trade stats. With Indicator Combine you can enter the parameter settings of your indicator and see what impact it has on the profit/loss e.g. calc lookback parameter default of an indicator is 13, but what happens if you set it at 9 or 5 or 15? These stats are updated instantly without running it through Strategy Tester. Just remember if it does re-/backpaint it would be wise to run (no pun intended) again through Strategy Tester with Indicator Merge running concurrently.

I actually now test EVERY indicator through Strategy Tester with IC, it is mind blowing how many programmers manipulate the signals to show great signals in the past, just to realise when running them live, the signals are not even close to what they indicated in history. There are very few exceptions..

This indicator is the best investment I have made so far! I accidentally stumbled on it while searching for a MT4 programmer to combine some indicators into one, and this is far better. Excellent value and customer service! I am very pleased with my purchase.

I am still study to understand the signal , edit the indicator, I will update my review later

This indicator is the single best investment I made. It is a game changer for me. The support is fantastic as well!

Excellent indicator good support

This is the most useful Tool i`ve ever purchased/tested on the MQL5 Market for sure, i created a reliable Signal with it and use it with the Strategy Automator also from RunwiseFX, it already payed off. Nothing more to say.

Another magnificent tool from RunwiseFX! Able to analyze at a glance profitability, win/loss ratio and drawdown of strategies based on indicators/indicator combinations, SL, TP levels, trading hours and many other configurations, for all opened charts with different pairs/timeframes. All the statistics are summarized in one table for easy comparison. Huge time saver for backtesting and choosing best pair to trade. The Indicator Combine + Strategy Automator (their other excellent EA) will allow to analyze indicator-based strategies, choose the best strategy/configuration and convert it into an EA that can trade for you automatically. Functionality and configurability at its best. And customer support is beyond outstanding. I usually receive several emails per day, even on weekends. They are also open to modifying their tools upon reasonable/constructive feedback. Thanks a million Mark/RunwiseFX team!

Fantastic indicator and works as promised. I'm never disappointed with products from RunwiseFX and the support is great.

Thanks Mark!

I've been using this indicator for about I'd say 1 month if memory not deceiving me if not longer.

runwisefx products in general are products I use the most on mt4 platform. Overwhelming majority of indicators in my library being used with Indicator Combine or multiple indicator matrix. Various capture modes available and ability for the product to work with custom/third party proprietary stuff puts indicator combine in a whoooole new league in comparison to other utility products in a market.

As mentioned in automator review, indicator combine and automator especially reminds me of a product on ninjatrader side known as shark indicators bloodhound.

I'd say runwisefx producs similarly to tick data suite elevating capabilities of mt4 platform to a whole new level and substantially increasing mt4 potency . Taking different indicators "vanilla" and proprietary and morphing/combining them in variety of ways is absolutely supreme!!!

Let say you have 5 of your favorite indicators. cci, rsi, proprietary1, proprietary2, proprietary3 and let say you have a chart where you check for harmonic patterns or gann or astro, or eliott cycles or some similar way of generating a setup for a trade and using these 5 indicators as a trigger (an example).

Instead of having 5 indicators taking precious space on a chart you can merge them into 1 indicator which takes tiny space on a chart however provides highly compressed, *logistically dense*, valuable information on a chart which is combination of these 5 indicators.

After realizing the idea behind a product and what runwisefix did, pulled the plug on a purchase with "my eyes closed".

Also overall i believe prices on runwisefx products are complete bargain which just reinforces my belief people have to do the homework on mt4 market products very very carefully as indicators/eas most certainly not created equally and you may have 150$ product packing waaay more capabilities than let say 5000$ product etc.

Not saying runwisefix should increase the price haha however I.. I could see purchasing combine/matrix/automator product even if they costed 500$. The amount of brain power behind them is simply astounding.

3 flagship runwisefx products in my book unequivocally #1 utility products for mt4. If you use mt4, have tons of indicators and tons of eas it is my sincere belief you must have indicator combine, indicator matrix and if you would like to take trades off these automator.

Also would like to compliment runwisefx support. At the moment runwise pretty much focused on 3 main heavy hitter products. Matrix/combine and automator. Majority of support and improvement efforts focused on these 3 offers. Benefits are runwise business model is instead of spreading intellectual efforts on let say creating 20 different products with a twist they pretty much have only 3 flagship products hence more time for enhancements and supporting customers.

Support is top notch!

Do not think I or anyone else part of runwisefx cusomter base should expect a reply on weekends however few times Mark and runwisefx team replied to me on a weekends which pretty much blew my mind as I did not expected it at all.

Runwisefx is most certainly on the ball when it comes to supporting their flagship products and i have nothing but great things to mention and have nothing to complain about.

Fairly certain after 1 month (or may be longer) I'll be actively using combine/matrix and automator products for as long as mt4 is alive and supported.

Thank you runwisefx!! ^^

With best regards. Alex.

This is a great tool to have if you want to get instant statistics on changes to your strategy. The stats update in real time so you can see, for example, what effect changing from a fixed stop loss to an ATR based stop loss would have on your profit. It can be as simple or as complex as you want to make it. You can use it with custom indicators and the support is excellent. Good for both newbies and pros alike.