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EURUSD
1.10921
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1.31332
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109.865
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0.96820
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157%
110.216
109.756
24%
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75%
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LandOfCash Signal Indicator Wizard For LOCTrader Expert Advisor

This is an easy to use free tool to create indicators to use with Metatrader 4 platform and LOCTrader Expert Advisor. With this tool you can create your own Indicators using your logic to help you trade on the forex market or to trade automatically with LOCTrader Expert Advisor.

Step 1. Indicator Name and Description (Indicator Name is used as signal for LOCTrader Expert Advisor)

Please enter the name of your indicator. Be short don't use special chars and whitespaces. All non alpha-numeric chars will be removed.
Indicator Name:
LOCSignal-.mql
Indicator Description:

Step 2. Indicator Rules (Order Sell and Buy conditions)

You need too add conditions for buy and sell signals. You can create multiple condition list. The signal is created when all conditions are passed. For example you can create a moving average cross and confirm with slower moving average.

Long (Buy) Position Conditions

1. Condition 1
4 period Relative Strength Index (RSI) (Close)
Is Above
Constant Value (Horizontal Line) Value:65
2. Condition 2
MACD Main Fast EMA 5 period, Slow EMA 10 period (Close)
Is Above
Constant Value (Horizontal Line) Value:0
5. Condition 31
4 period Relative Strength Index (RSI) (Close)
Changes from pointing Down to Up.
7. Condition 7
4 period Relative Strength Index (RSI) (Close)
Crosses From Bottom to Top
Constant Value (Horizontal Line) Value:65
 

Short (Sell) Position Conditions

3. Condition 3
4 period Relative Strength Index (RSI) (Close)
Is Below
Constant Value (Horizontal Line) Value:35
4. Condition 4
MACD Main Fast EMA 5 period, Slow EMA 10 period (Close)
Is Below
Constant Value (Horizontal Line) Value:0
6. Condition 32
4 period Relative Strength Index (RSI) (Close)
Changes from pointing Up to Down.
8. Condition 8
4 period Relative Strength Index (RSI) (Close)
Crosses From Top to Bottom
Constant Value (Horizontal Line) Value:35
 
 

Step 3. Additional indicator options

Check if you want the indicator to ring a sound and popup an alert.
Click the button below only when you are finished with your indicator logic.
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