Convert Indicator to EA - FRZ Indicator Automater EA MT4
This video is for the MT4 version. Please note some features are not available in the MT5 version and therefore MT4 version has a higher price.
MT4 DEMO: https://www.frzsoftware.com/product/f...
MT5 DEMO: https://www.frzsoftware.com/product/f...
Free signals: https://t.me/forexrobotzchannel
FRZ Indicator Automater is an expert adviser that can convert almost any indicator into an expert adviser. It does it by making orders/trades based on the indicator buffers and/or objects created by the indicator on the chart.
Automation based on the indicator buffers:
If your indicator has indicator buffers, then you can use this option. All you have to do is to rename your indicator to “myindicator” and then map the right buffer numbers to buy and sell signals. Also, make sure the indicator placed within the MT4 Indicators folder (not in subfolders).
Automation based on objects created by the indicator:
Some indicators generate objects on the chart as their buy or sell signals. This EA will work with any object that:
-has a time parameter under properties,
-has a common prefix in the name of the objects generated, and
-has different colors for buy and sell signals
The objects can include arrows, triangles, buttons, thumbs, texts, etc. You can use these objects to make trades/orders with this EA. If you are only using object-based trading, there is no need to rename your indicator as mentioned before. The objects are captured based on their name prefix, color and time of creation.
You may have both buffer based trading and object-based trading at once and also object based trading can be from a second indicator.
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Risk Warning: Trading forex or derivatives carries a high level of risk to your capital. Past performance of any trading system is not necessarily indicative of future results. Any information provided here shall be for information purposes only.