FRZ Crypto Automater MT4 is an MT4 expert adviser (EA) tool that can create, back-test, and automate indicator-based trading strategies on crypto exchanges (currently Binance). It is done by copying the trades entered by MT4 platform to the Binance trading platform via its API access. The EA can be used to trade on the Binance Spot or Futures market based on signals from one or more MT4 indicators along with many other filters you can use to improve the accuracy of your strategy. The good thing is you can back-test your strategy on MT4 before you deploy it on Binance.

Supported Pairs: Any MT4 crypto pair that has a corresponding pair on Binance

Video Tutorial

Note on the risks on price differences on MT4 & Binance: The EA will enter trades on Binance based on your MT4 broker’s chart prices; however, the prices on Binance (especially Futures) may be different from your MT4 broker’s prices. This difference can be significant if you trade on small timeframes (like M1 & M5) or with too small take profit and stop loss levels. Therefore it is better to have an MT4 broker that has minimum price differences from Binance; we can recommended ICMarkets as a broker but still price differences are unavoidable.

Key features:

• Trade based on indicator buffer signals or objects
• Filter signal indicator with a second indicator
• Optional exit indicator
• Additional entry filters: MA line filter & choppy market filter
• Optional Martingale
• Dollar Cost Averaging (DCA) with 2 entry types

Set Files

We provide 4 set files for several common trading patterns. Set files are not customized for your indicator but they provide background settings for each given scenario. You need to add your indicators buffers/object details before you can use these set files. All set files use ATR based stop loss/take profit which you can disable under Setting 29. Set files use spot trading and if you want to trade futures, please enable setting 2. Also set files use 0.01 lot size on MT4 and a Binance ratio of 0.1 which you can adjust on Setting 26 & 6.

We recommend you try one of the first two set file templates and compare the results with your own custom setups before deciding on the one to be used. Please make sure that you back test your strategy on MT4 strategy tester for at least few years in to the past before connecting with Binance.

1.Default – Entry Optimizing (DCA) Based on Opposite Signal

This is a simple DCA (Dollar Cost Averaging) setup where a trade is triggered whenever a signal is generated by your indicator/s with virtual TP (as set by Setting 27 or 31). There is no stop loss used; instead, the EA will add new positions (with partial martingale, which you can adjust on Setting 58) in the same direction at each new signal generated by your indicator/s. The virtual TP will be adjusted based on the average price whenever a new trade is added. Once the average TP is reached, all the positions will be closed.

2.Entry Optimizing (DCA) Based on Stop Loss

This is also a DCA (Dollar Cost Averaging) method. The only difference from the previous one is how the new positions are added. Under this DCA method, new positions are added at each stop loss level as defined by setting 27 or 30. Everything else would be same as the first set file.

3.One Trade Per Signal with TP & SL

This is a simple setup where a trade is triggered whenever a signal is generated by your indicator/s with dynamic stop loss (SL) & take profit (TP) based on ATR (Average True Range). TP & SL are both 1x ATR. You can only use this method if your indicator/s has a good win rate. There will be only one trade per signal with TP/SL.

4.Signal to Signal Trading

This is a signal to signal trading template with no TP & SL. Trade is entered when a signal is given by your indicator/s. Once a trade is entered, it will be only closed by the next opposite signal and a new trade will be created in the new direction. So there will be an active trade all the time. This method is often not profitable and not recommend without detailed testing on MT4.

NB: All above set file settings can be adjusted/customized as per your liking; please read this user manual relating to the subject setting number before making changes.

EA Specs

NB: Please read the PDF manual given for a complete guide on how to install and use the Automater

Automation based on the indicator buffers

Indicator buffers are given under the colors tab of the indicator. Buffers generally have numbers and corresponding colors. These colors represent some kind of drawing on the chart which can be an arrow signal, trend line, or anything else.

If your indicator has indicator buffers, that can signal when to buy and sell, then you can use this option. All you have to do is to map the right buffer numbers to buy and sell signals.

There are 03 types of indicators you can automate with buffers

Type 1 – Indicators generating arrows or similar signs such as thumb up/down, dots, etc. for buying and selling.

Type 2 – Indicators with one or two lines or histograms that change colors as per up or down trend.

Type 3 – Indicators with two lines where buy or sell is determined by the cross-over.