Universal Indicator EA for Your Indicator MT4 (Build +1441)

What is Universal Indicator EA for Your Indicator MT4?

The Universal Indicator EA for Your Indicator is the ultimate automated trading solution for traders who want to automate their strategies without any coding skills. This versatile Expert Advisor (EA) seamlessly integrates with almost any custom indicator that generates Buy and Sell signals, making it perfect for traders of all experience levels. It supports reading signals directly from both Indicator Buffers and Chart Objects, giving you full control to execute trades based entirely on your preferred indicator’s signals. Maximize your trading efficiency and precision with this powerful, flexible EA.

• Vender Website

About the Developer

• Author: Afsal Meerankutty.
• 5+ years of MQL5 development experience
• Other notable products: CyberZingFx Volume Plus, multiple advisors
• Universal Indicator EA is his most popular product

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Universal Indicator EA for Your Indicator mt4 Overview

Key Features of Universal Indicator EA for Your Indicator MT4

🔻Custom Indicator Compatibility

• Supports indicators with clear signal structure

🔻Advanced Money Management

• Fixed lot, % risk per trade, Martingale

🔻Risk Management Tools

• Stop Loss, Take Profit, Trailing Stop, Break-even

🔻Optimization Support

• Optimize parameters using MT4 strategy tester

🔻Backtesting Capabilities

• Test strategies on historical data before going live

Why Use Universal Indicator EA for Your Indicator MT4?

🔻Flexible Strategy Support

• Compatible with a wide range of indicators
• Suitable for any trading style or timeframe

🔻Saves Time

• Fully automates the trading process
• No need for manual execution

🔻Emotional Discipline

• Trades are executed based on predefined rules
• Eliminates emotional decision-making

🔻Backtesting & Strategy Evaluation

• Allows users to test strategies on historical data
• Optimize performance before live trading

Universal Indicator EA for Your Indicator MT4 Review

• User reviews often praise Zheil EA for its high adaptability to a variety of trading strategies and technical indicators, making it a preferred choice for traders who rely on custom technical analysis tools.
• The intuitive, user-friendly interface simplifies the automation process, benefiting both beginners and experienced users.

Universal Indicator EA for Your Indicator mt4 review

Universal Indicator EA for Your Indicator review

What is included in the package?

• Experts: Universal Indicator EA for Your Indicator MT4 v12.3.ex4

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How To Set Up EA

🔻 The Universal Indicator EA for MT4 v12.3 is a powerful Expert Advisor designed to execute trades automatically based on custom indicator signals. It offers flexible settings to fit various trading strategies and ensures precise trade management.

Universal Indicator EA for Your Indicator setting

🔵 Signal Configuration:

• Order Execution: Set to Use Signal From Indicator to trigger trades from your custom indicator.
• Signal Timing: Enable Read Signal After Candle Close for improved accuracy by confirming signals after candle closure.
• Indicator Name: Input your custom indicator’s name (e.g., CyberZingFxZigZagArrow).
• Signal Type: Use Arrow Type Signals if your indicator signals are arrow-based.

🔵 Trade Execution Settings:

• Order Type: Choose Market Order for instant execution.
• Pending Orders: Enable pending orders with a 20-pip buffer, based on the recent 50 candles’ highs/lows, for optimized entry points.

🔵 Risk Management:

• Take Profit: Set fixed take profit at 150 pips.
• Stop Loss: Disabled by default (recommended to enable for better risk control).
• Dynamic Stop Loss: Optional ATR-based stop loss multiplier (2.5 times ATR) can be enabled for adaptive risk management.

🔵 Advanced Trade Management:

• Trailing Stop & Breakeven: Disabled by default, but can be activated to secure profits and minimize losses during trade progression.

🔵 Additional Tips:

• Adjust indicator buffer indexes and signal value ranges to match your custom indicator.
• Match timeframes for signals and candle data with your chart timeframe for responsive trading.

Conclusion

In summary, the Universal Indicator EA for Your Indicator is an exceptionally versatile and user-friendly automated trading tool designed to empower traders of all levels to automate their strategies without any coding knowledge. Its outstanding compatibility with nearly any custom indicator—whether using indicator buffers or chart objects—makes it an ideal solution for executing trades precisely based on your preferred technical signals.

>>> Reviewed by Jason Stap <<<