Trade Any Indicator EA MT5
- Eaproducer.com
- Apr 5, 2024
- 6 min read
Updated: Apr 1
Super news. Yes, with this EA, you're able to use almost any indicator. You no longer need to order a custom EA for each indicator separately. Your freedom starts with this EA. If the indicator works properly, you're good to go.
You will need some time and practice to get used to it. But basically, it's easy and comfortable to use this EA. Only the most important settings are simple to use; let me show you how. I hope it's clear enough.
Also, we have a MT4 version of this EA here.
These are the main settings. Using them, you will select your indicator that you want to trade with.
Indicator name: this one is the most important. Your indicator must be inserted in the "Indicators" folder in your MT4. Data folder > MQL4 > Indicators. In other words, it's the same place where all other indicators are inserted. Read more.
Buy trade indicator buffer number: this is also very important; with this setting, you're able to select the buffer of the indicator. For example, number 4 is the buy arrow buffer in the indicator settings. Buffers can be found in the indicator settings under the "color" tab.
Sell trade indicator buffer number: this is also very important; with this setting, you're able to select the buffer of the indicator. For example, number 5 is the sell arrow buffer in the indicator settings. Buffers can be found in the indicator settings under the "color" tab.
Buy trade indicator shift candles: I recommend leaving it at 1 most of the time. 0 means the current candle. 1 means the previous closed candle. 2 means the second closed candle. I would say most indicators, like 90%, work with one closed candle, meaning we have to wait for the candle to close and then we can see the arrow up, for example. First try 1, and if EA doesn't open trades, then you can try 2 or 3.
Sell trade indicator shift candles: I recommend leaving it at 1 most of the time. 0 means the current candle. 1 means the previous closed candle. 2 means the second closed candle. I would say most indicators, like 90%, work with one closed candle, meaning we have to wait for the candle to close and then we can see the arrow down, for example. First try 1, and if EA doesn't open trades, then you can try 2 or 3.
Open buy trade: simply select if you want to open buy trades or not.
Open sell trade: simply select if you want to open buy trades or not.
Now let's try to select the desired indicator and buy and sell buffers. In this example, I will use our Hull indicator.
We have to select 100% of the name and copy it to the "Indicator name."
Then we have to insert the name like this. It's a 100% identical name. If the name is wrong, EA won't be able to find the indicator.
Next, we have to select buffers for buy and sell signals. In this case, 3 is "buy," and 4 is "sell."
Set the "buy" and "sell" buffers as in the example below.
Once we have set it up, we have a properly working system.
How do I figure out the buffers?
Some indicators have two buffers; in this case, it's easy. Some indicators, for example, have five buffers. You can try to play with the colors of the buffers, and in this way you can figure out which arrow is buy and which is sell. If the indicator doesn't have any buffer, then it can't be used. Most indicators have buffers, and they are accessible. This is how they're designed to work.
Some things to keep in mind are:
Some indicators perform poorly. They may redraw their signals or perform poorly.
With some indicators, the EA may not open buy or sell trades properly or at all.
Using this EA, the default settings of the indicator are used. If you have the open source of the indicator, you can simply change the default settings if you need to.
Some indicators work faster, some slower. When using a strategy tester, it has an effect on the speed.
With this version of the EA, you can use indicators that draw arrows, trend lines with colors, stars, or something like that. Clearly visible buy or sell signals. Fibonacci or some other indicators can barely be used. Contact us if you can't make it to work.
You can use this EA in the strategy tester. So you're able to test your indicator with specific settings for faster optimization of your system.
Using a strategy tester, you can find out very quickly if the EA is able to work with the indicator or not.
Contact us if you have any doubts.
Inputs menu of the Trade Any Indicator EA MT5.
Explanation of other basic settings:
Fixed lot: a simple fixed lot that is applied for each trade.
Max trades open trades: for example, 10; this will result in a maximum of 10 trades being open at any given time.
Close trade opposite signal: use it if you want to close a trade with an opposite signal.
Stop loss pips: set a stop loss in pips that will be used for each trade separately.
Take profit pips: set a take profit in pips that will be used for each trade separately.
Break even:
Pips on profit to enable: when the desired pips are reached, the break even is applied.
Offset pips from open price: the distance from the trade's open price; for example, by adding an extra 2 pips, you can avoid the size of the spread.
Trailing stop:
Trailing start pips: once the trade reaches this amount of profit, the trailing stop is activated.
Trailing stop pips: the trailing stop distance from the stop loss to the current price.
One trailing step: It's basically how often you want to refresh the trailing stop.
Trading time settings: simply select the time and weekdays on which you wish to trade.
Spread filter: Set the maximum allowable spread size in pips, and the EA will check it before starting the trade. If the spread size is too large, the EA won't place any new trades.
Magic number: use the magic number rule if this EA is used in more than one chart. Read more.
Download the demo version of the Trade Any Indicator EA MT5 and try it in the strategy tester before purchasing this forex trading robot. You're able to test this EA fully in the strategy tester, using any indicator.
Please be advised that the DEMO version only opens max 20 trades using the strategy tester (max 10 buy trades and max 10 sell trades). Once the limit has been reached, the EA stops opening more trades. This limit is applied so we can protect our product. Purchase the full version if you want to use it without any limitations.
You're just one click away from having this Forex EA!
Price £: 300
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EA delivery time: Within 1-7 hours. All purchased EAs are sent manually to your email address by our team. Once you have completed the payment, please contact us, and we will deliver your purchased EA to your email address as soon as possible.
Premium long-term support: We're available 24/7. Any issues are always solved.
Activations: Unlimited accounts. You have a lifetime license with free future updates.
Compatibility: Our EAs can be used with any symbol and timeframe.
Custom updates: Yes, we can offer any custom updates for our original EAs, so you can adapt the EA to your specific needs. We're very versatile.
Similar MT4 and MT5 EAs:
EA has the most used features; we don't want to add too much stuff to the original EA. So we offer custom updates for any of our EAs. You can easily order a custom update and adapt this EA to your specific needs. Contact us, and we will add some basic features for free after your purchase.
If you have any questions simply contact us and we will answer all your questions.
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