STAT Lite

Signal Tester and Trader is an Expert Advisor that is capable to reading most indicators (except for indicator that has string as an input). Custom backtest the signal on a live chart and trade the signal on live account [Full Version Only].


The expert has 2 modes:

  • Backtest mode (custom backtest on current indicator and strategy settings)
  • Trading mode (trade based on current indicator and strategy settings) [Full Version Only]

Available Indicator types:

  • Two cross indicator: indicator that generates a signal when 2 lines crossed each other/single line indicator with moving average [Full Version Only]
  • Zero cross indicator: indicator that generates a signal when a line crossed certain levels
  • Chart indicator: indicator that generates a signal when it crossed and closed above/bellow price [Full Version Only]
  • One buffer indicator: custom indicator that returns either 1 (long), 0 (no trade) or -1 (short) as its signal [Full Version Only]
  • Two buffers indicator: indicator that generates a signal when either one of the buffers has a value [Full Version Only]
Indicator examples: 
  • Two cross indicator: 2 Moving Averages, MACD, Stochastic, RSI + MA, OBV + MA
  • Zero cross indicator: MACD (one of its lines), Stochastic (one of its lines), RSI, Momentum
  • Chart indicator: Moving Average, Bolinger Band (one of its line), Ichimoku cloud (one of its line)
  • One buffer indicator: custom indicator 
  • Two buffers indicator: Trend Direction and Force Index

Indicator parameter input format: every single input parameter of the indicator separated by comma (",") and add a semicolon (";") on the back before adding the buffer number. 

Input format sample:

  • indicator type: chart indicator
  • folder\\name: Indicator\\Kijun-Sen 
  • parameter 1: 26;0 

Risk calculation method:

  • ATR (Average True Range) 
  • Fixed pips

Takeprofit and stoploss calculation:

  • ATR multiplier
  • fixed pips

You have the option of generating a csv file containing all the trade records that the expert found based on your settings. You also need to set the spread to your current account. 

Remember to download the data before doing backtest: 

  • Your first bar should be at least the same year as your backtesting start period
  • Your last bar should be at least the same year as your backtesting end period

There 3 build in strategy that you can test and trade:

  • Standard Strategy (1 trade open for every signal with take profit and stoploss)
  • Scale Out Strategy (2 trades open for every signal; breakeven adjustment as soon as the first trade hit takeprofit; second trade will close as soon as you have an exit signal)
  • 1 ATR Breakeven Strategy (1 trade open for every signal; breakeven adjustment as soon as the first trade hit takeprofit; the trade will close as soon as you have an exit signal)

Exit signal needs to be turned on when you want to use scale out / 1 ATR breakeven strategy.

*note this expert cannot read input string from an indicator so you would need to hard code the string input into the indicator or change the format



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Siarhei Vashchylka
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Alfiya Fazylova
4.71 (17)
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The product will copy all  Discord  signal   to MT4   ( which you are member  ) , also it can work as remote copier.  Easy to set up. Work with almost signal formats, support to translate other language to English Work with multi channel, multi MT4. Work with Image signal. Copy order instant, auto detect symbol. Work as remote copier: with signal have ticket number, it will copy exactly via ticket number. How to setup and guide: Let read all details about setup and download Discord To MetaTrader
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Abdeljalil El Kedmiri
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Snapdragon Systems Ltd
5 (1)
Introduction This powerful MT4 trade mangement EA offers a way potentially to aggressively multiply trade profits in a riskfree manner. Once a trade has been entered with a defined stoploss and take profit target then the EA will add three pyramid add-on trades in order to increase the overall level of profit. The user sets the total combined profit target to be gained if everything works out. This can be specified either as a multiple of the original trade profit or as a total dollar amount. Fo
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Fatemeh Ameri
4.96 (53)
Trade Dashboard simplifies how you open, manage, and control your trades, with built-in lot size calculation. It allows you to execute trades, manage risk, and control positions directly on the chart, with tools such as partial close, breakeven, and trailing stop. Designed to reduce manual work and help you stay focused on your trading decisions. A demo version is available for testing. Detailed explanations of features are provided within the MQL5 platform. Installation instructions are include
If you need an advisor on any arrow indicator signals - this utility will definitely help you.  You will be able, with the help of this utility to form an unlimited number of EAs on YOUR signals , with your set of settings, with your copyright and complete source code . You will be able to use the resulting EAs unlimitedly , including adding them to the Market and other resources. Free simple version of the generation script to help you understand how it works - here What does the utility do? 
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