Hello, I have just updated the Matrix Arrow Indicator MT4 with new improved default settings, that give fewer but more accurate signals.

I welcome you to update your product and check it out.

A totally unique Expert Advisor that allows you to trade the Matrix Arrow Indicator MT4/5© signals, directly from a trade panel on the chart is now available!

Matrix Arrow EA MT4/5© also has an option to trade Matrix Arrow Indicator MT4/5© arrow signals automatically, offering a 100% algorithmic trading option!

👉  Matrix Arrow EA MT4©: https://www.mql5.com/en/market/product/70812

👉  Matrix Arrow EA MT5©: https://www.mql5.com/en/market/product/70813

-I just purchased your Matrix Arrow indie, Can you improve the user interface by creating ON/OFF button ( with X and Y shift and font size adjustment) on the main chart to facilitate turning off and enabling individual technical indicators rather than going into the input settings. 

-Can you make your indicator multi-time frame?

-The labels on the sub window should be on the Right hand side to make it readable 

Hello, I will take your feedback into consideration, but I have to say that your request for an ON/OFF on chart option for the 10 available indicators is quite personalized. I believe that the inside settings serve well this purpose.

As for the labels, they can't be read well on the right side, because they interfere with the current candle's blue and red squares. It's technically impossible to be on the black surface, right below the chart prices column, if that is what you mean.

The multi-timeframe request is within my next plans and thank you for pointing it out.

Thanks for the quick response. I was referring to the labels placed on the right side of the chart  in this format (see below) 

-Do you have customized settings for intraday and swing trading in the form of preset?

-Can you include a non-repainting trend following indicator like "Half-trend or Hull moving average" coded into the indicator to show directional bias, in an attempt to eliminate false signal. I like the fact that the indicator is non-repainting and can be profitable if its used in conjunction with other indicator for confluence 

You like the labels on the right with a shifted chart, me and all other buyers/users of the Matrix Arrow Indicator MT4/5 like them on the left, out of the action, since they can be checked with a glimpse on the left.

You see that these requests are of a personal taste and nature, so I would like to stick to things that will really improve the indicator.

The defaults settings of the indicator have been optimized to give accurate and less often signals in most timeframes, if you try the default settings of the 10 Metaquotes indicators, you will get sooner but more frequent and wrong signals.

I don't have other presets to share, but each user can adjust the indicator by tweaking each of the 10 indicators settings, to his/her personal requirements.

All indicators are lagging, so the addition of another indicator will not clear things up, but I will think about it.

Yes, the Matrix Arrow Indicator MT4/5 gives false signals along with good solid signals, as all non-repainting indicators. I don't claim that I've found the holy grail, but I believe that this indicator can be a valuable help to any trader in order to initiate or confirm his/her trading decisions. I will take your advice into serious consideration for future improvements, but I want you to know that a lot of thought and optimization has gone into this indicator as it is.

Please also have in mind that this is a relatively cheap indicator, that does quite a good job, in comparison to many repainters out there that sell for hundreds of dollars and they don't live up to their buyers expectations.

Dear users,  a new buffer has been added to the Matrix Arrow Indicator MT4, in order to work smoothly with the new free add on, the Matrix Arrow Indicator Multi Timeframe Panel MT4 that offers the option to show the Matrix Arrow Indicator signals for 5 customizable timeframes of 16 modifiable symbols/instruments.

It gives also the option to change the current chart it is attached onto, by clicking any one of the 16 modifiable symbol buttons.

This will allow you to work much faster between different symbols and never miss a trading opportunity again.

Please update your Matrix Arrow Indicator MT4, in order to be able to use it with the new free add on, the Matrix Arrow Multi Timeframe Panel MT4.

You can download/install the Matrix Arrow Indicator Multi Timeframe Panel MT4 here: https://www.mql5.com/en/market/product/75010

It is strongly advised to put in MT4 >> Tools >> Options >> Chart >> Max Bars in Chart >> 1000 or a similar low number, because when Matrix Arrow Indicator MT4 is attached on a chart, calculates all 10 indicator's attributes over this number of bars/candles and if you have a large number there, like many thousands or millions, it will take more time to update each time.

WARNING: Dear friends and users of the Matrix Arrow Indicator MT4, if you use the Multi Timeframe Panel MT4 and the Matrix Arrow EA MT4 as well, you must update all these 3 products together, in order to work smoothly after their update, because the New Matrix Arrow Indicator MT4 can only work with the New Matrix Arrow Multi Timeframe Panel MT4 and the New Matrix Arrow EA MT4. I also strongly suggest you to perform your updates when you have no open trades in your trading account!

Matrix Arrow Indicator MT4 has been updated with the following improvements:

1. New exit blue/red dot signals are available on the chart from today. These exit dot signals mark the end of a previous arrow signal and that is why the have the opposite color of the previous entry arrow signal.

2. All Matrix Arrow Indicators can now be used for entry signal only, exit signal only, entry & exit signal or nothing at all. Possibilities and variations are much increased, improving the performance of the Matrix Arrow Indicator MT4.

3. A new strategy has been added for the RSI indicator. From now on except the RSI Crossing strategy, you can use the RSI Smooth strategy, that opens buy trades above the RSI Smooth Overbought Level and sell trades below the RSI Smooth Oversold Level. I will post a detailed explanation of that RSI Smooth strategy in the settings/inputs guide and in the comments section.

4. New EMA Crossing options have been added at the bottom of the Matrix Arrow Indicator MT4, that can filter the entry and exit signals better, improving Matrix Arrow Indicator's performance in consolidation periods.

5. Finally new optimized default settings are introduced for the Matrix Arrow Indicator, that will improve its performance in most symbols/instruments and timeframes.

WARNING: Dear friends and users of the Matrix Arrow Indicator MT4, if you use the Multi Timeframe Panel MT4 and the Matrix Arrow EA MT4 as well, you must update all these 3 products together, in order to work smoothly after their update, because the New Matrix Arrow Indicator MT4 can only work with the New Matrix Arrow Multi Timeframe Panel MT4 and the New Matrix Arrow EA MT4. I also strongly suggest you to perform your updates when you have no open trades in your trading account!

A new strategy has been added for the RSI indicator. From now on except the RSI Crossing strategy, you can use the RSI Smooth strategy, that opens buy trades above the RSI Smooth Overbought Level and sell trades below the RSI Smooth Oversold Level.

You can see below the where the buy and sell signals are triggered and where is the neutral area of this RSI Smooth strategy, that gives yellow neutral squares in the matrix window, at the bottom of the Matrix Arrow Indicator.

In the New Matrix Arrow Indicator, except the entry arrow signals you will find new exit dot signals that mark the end of the previous entry signal and indicate a non trending period.

Hello, all 3 products, the Matrix Arrow Indicator MT4/5, the Matrix Arrow Multi Timeframe Panel MT4/5 and the Matrix Arrow EA MT4/5 were updated yesterday and all 3 work only with the other new versions, so yes you need to update all 3 in order to work smoothly. Any old version of these 3 products will not work with the new updated versions.

OK I will go ahead and purchase the Matrix Arrow EA MT4.... can we have the average drawdown based on your set files?

You can find all the details about the backtests based on my provided set files, into the folder that is attached here.

On average the maximum drawdown of backtests is around 20-30% on 3-4% risk per trade, you can always decrease this risk of course to your own taste and I strongly suggest to do so, if you are planning to trade more than 1 or all of these set files.

Hello, you need to enable all panel symbols in your MT4 >> View >> Symbols.