FRZ Indicator Automater – Setting Explanations (17-48)
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User Manual | Settings 1-16 | Settings 17-48 | Settings 49-72 | Settings 73-86
Inputs 17-48: lots, stop loss and take profit, trade handling, manual buttons, pending orders, partial take profit, martingale and trading hours.
Screenshots from the MT4 version. The MT5 version shows the same inputs, plus input 4a (Colour Buffer Number) and Type 5 in input 2.
| No. | Setting | Explanation |
|---|---|---|
| <<<<< Trading Settings >>>>> | ||
| 17 | Trade Volume Mode | How the lot size is set. Default: Fixed Lot Size.
Risk modes need a stop loss: with Stop Loss Mode = No Stop Loss the EA does not start (“Risk-based lot size (input 17) needs a Stop Loss …”). If the indicator gives no SL for a signal (Indicator Provided SL), that signal is skipped with the warning “Signal skipped: no SL from indicator for risk-based lot”. |
| 18 | Volume Size (Lots, % or Amount) | Lots, % or amount, depending on input 17. Default 0.01. Lots are rounded to the broker’s lot step; values below the broker minimum use the minimum. The manual BUY/SELL buttons (input 34) use this value too. |
| 19 | Stop Loss Mode | Default: ATR Multiplier.
ATR is measured when no trades are open, so all trades of a basket use the same distance. |
| 20 | Stop Loss Size (Pips or ATR Multiplier) | Pips (Fixed Pips) or ATR multiplier (ATR mode). Default 1.0. A distance smaller than the broker’s minimum stop distance is widened to that minimum. |
| 21 | Take Profit Mode | Default: ATR Multiplier.
Example: SL 20 pips, % of Stop Loss with input 22 = 150 → TP 30 pips. |
| 22 | Take Profit Size (Pips, ATR Multiplier or % of SL) | Pips, ATR multiplier or % of the SL, depending on input 21. Default 1.0. |
| 23 | Color ID for SL Provided by Indicator (e.g. 5, or Buy,Sell like 4,5) | Only for Stop Loss Mode = Indicator Provided. The buffer that holds the indicator’s SL price. Default “5”. One number = the same buffer for buys and sells; two numbers = buy buffer, sell buffer. The level is read on the signal candle and must be a real price on the correct side of the entry; otherwise the trade opens without an SL and the HUD shows “Indicator gave no SL for last BUY – trade opened without SL” (in risk modes the signal is skipped instead). Example: an indicator draws a buy SL line in buffer 4 and a sell SL line in buffer 5 → enter 4,5. |
| 24 | Color ID for TP Provided by Indicator (e.g. 6, or Buy,Sell like 6,7) | Only for Take Profit Mode = Indicator Provided. Same format and rules as input 23. Default “6”. A missing TP gives “Indicator gave no TP for last … – trade opened without TP”. |
| 25 | Breakeven Point as % of TP (0 = Disabled) | Moves the stop loss to the entry price once the trade has made this % of the distance to its take profit. Default 0 = off. Needs a TP on the trade. Not used while DCA (input 73) is on. Example: TP 40 pips, input 25 = 50 → after +20 pips the SL moves to the entry price. |
| 26 | Trailing Stop (Pips) (0 = Disabled) | Once a trade is this many pips in profit, the SL follows the price at this distance. Default 0 = off. Works with or without an initial SL. Not used while DCA is on. Example: input 26 = 15: a buy at 1.1000 reaches 1.1016 → SL moves to 1.1001; price rises to 1.1030 → SL 1.1015. |
| 27 | Trailing Step (Pips) | The minimum improvement before the trailing SL is moved again (fewer broker modifications). Default 1.0 pip. |
| 28 | Slippage Filter (Pips) (0 = Disabled) | The maximum price difference accepted when the order is filled. Default 0 = no limit. If the fill would be worse, the broker rejects the order. |
| 29 | Spread Filter (Pips) (0 = Disabled) | No new trade while the spread is this many pips or more. Default 0 = off. The signal stays available (it is not used up) while the spread is too wide. Example: input 29 = 2.5 and EURUSD spreads widen to 3 pips at the daily rollover → entries wait until the spread is below 2.5 pips. |
| 30 | Close Opposite Trades on New Signal | Default true: a new buy signal closes open sells (and a sell signal closes buys) before the new trade. Set false to let trades run to their own SL/TP. In DCA Type 2, a basket in the opposite direction blocks new trades instead (“Opposite DCA basket open”). |
| 31 | Allow Opening More than One Concurrent Trades/Orders | Default false: one trade (or pending order) at a time – new signals are skipped while a trade is open (“Trade already open”). True: every new signal opens another trade. With DCA Type 2 on, the DCA rules decide instead. |
| 32 | Allow Simultaneous Buy and Sell (Hedging) | Only when input 31 is true. Default false: a buy and a sell are not held at the same time. True: both directions can be open together (MT4 and MT5 hedging accounts). |
| 33 | Close Trades after Specified Minutes (0 = Disabled) | Closes each trade this many minutes after it opened, whatever its profit. Default 0 = off. Example: input 33 = 240: a trade opened at 10:00 is closed at 14:00 if still open. |
| 34 | Enable Manual Trading Buttons | Default false. True shows BUY, SELL and CLOSE buttons at the top right of the chart (live charts). BUY/SELL open a trade with the EA’s magic number, sized from input 18: fixed lots as they are; in the risk modes the lot is sized on the stop loss an automated trade would get, and that SL/TP is attached (“Manual trade not opened: risk-based volume needs a Stop Loss” if none is available). CLOSE closes this EA’s trades and pending orders on the chart’s symbol only. |
| <<<<< Pending Order Settings >>>>> | ||
| 35 | Use Pending Orders instead of Market Orders | Default false. True: a buy signal places a Buy Stop above the price and a sell signal a Sell Stop below it (distance from inputs 37/38); SL/TP are measured from the order price. |
| 36 | Pending Order Expiration Time (Minutes) | Unfilled pending orders are deleted after this many minutes. Default 5. |
| 37 | Pending Order Distance Mode | Fixed Pips or ATR Multiplier (ATR as in input 19). Default ATR Multiplier. |
| 38 | Pending Order Distance (Pips or ATR Multiplier) | Default 1.0. Example: ATR = 12 pips, input 38 = 0.5 → the Buy Stop is placed 6 pips above the Ask. |
| 39 | Enable OCO Pending Orders | One-Cancels-Other. Default false. True: when one of the EA’s pending orders is filled, its other pending orders are deleted. |
| <<<<< Partial Take Profit Settings >>>>> | ||
| 40 | Partial Close % (0 = Disabled) | Closes this % of the newest trade’s lots once it reaches input 41. Default 0 = off. Needs a TP on the trade. Not used while DCA is on. Example: 0.20 lots, input 40 = 50 → 0.10 lots are closed. |
| 41 | TP % to Reach for Partial Close | How far towards the TP (in %) the trade must get before the partial close. Default 50. Example: TP 40 pips, input 41 = 50 → the partial close happens at +20 pips. |
| 42 | Move SL to Breakeven after Partial Close | Default true: after the partial close, the remaining trade’s SL moves to the entry price + 0.1 pip. |
| 43 | Remove TP after SL Moved to Breakeven | Default false. True: after the move to breakeven, the TP is removed so the rest of the trade can run (combine with a trailing stop, input 26). |
| <<<<< Martingale Settings >>>>> | ||
| 44 | Martingale Multiplier on Losing Trade (1 = Disabled) | After a losing trade the next lot is multiplied by this value; after a winning trade it returns to input 18. Default 1 = off. In the risk modes the risk is multiplied instead. Not used while DCA is on. Example: input 18 = 0.10, input 44 = 2: loss → 0.20, loss → 0.40, win → back to 0.10. |
| 45 | Martingale Volume Maximum (0 = No Limit) | The largest lot the martingale may reach. Default 0 = no limit. Example: input 45 = 0.8: 0.1, 0.2, 0.4, 0.8, then it stays at 0.8 until a win. |
| <<<<< Operating Time Filters >>>>> | ||
| 46 | Time Filter 1 (Broker Time) | New trades only inside this window, in broker (server) time – the time shown in Market Watch. Default 00:30-23:30 (avoids the rollover hour). Open trades are managed at all times. Format HH:MM-HH:MM; the window may cross midnight; blank = all day.Example: 08:00-17:00 = London/New York hours on a GMT+2 broker. 22:00-02:00 = across midnight. Common mistake: 8-17 (minutes missing) – the EA stops with “Time Filter 1 (input 46) must be like 00:30-23:30 (or blank).” |
| 47 | Time Filter 2 (Broker Time) (Blank = Disabled) | A second window, same format. Default blank. Trades are allowed when either window is open. Example: input 46 08:00-11:00, input 47 14:00-17:00. |
| 48 | Friday Close All Trades at (Broker Time) (Blank = Disabled) | From this time on Friday, the EA closes all its trades, deletes its pending orders and opens no new trades until Monday. Default blank = off. Format HH:MM.Example: 21:00 → everything is closed at 21:00 broker time on Fridays, before the weekend gap. |
User Manual | Settings 1-16 | Settings 17-48 | Settings 49-72 | Settings 73-86
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Disclaimer
Our software is provided “as is”, without any warranty or condition of any kind, express, implied or statutory. You are advised to do necessary testing on demo accounts before using the software on a live account. Trading carries a high level of risk to your capital and you should only trade with money you can afford to lose. Past performance of any trading system is not necessarily indicative of future results.
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