ArrowHunterEa

ArrowHunterEa can convert external indicators to fully automatic trading systems. ArrowHunterEA is a MT4 EA that is capable of capturing trading signals from 3rd party external indicators. It operates in two modes:

1. OnChart mode: where EA 'scans' the current chart window for new arrows or graphical signals which are given by an external indicator attached to the same chart. In this mode the EA can look for new signals which are displayed by any indicator on the chart. After signal detection the EA will open a trade in direction that is suggested by the indicator.

2. FromIndicatorBuffer mode: in this mode the EA can access the internal indicator buffers, which can be preconfigured using EA settings. In this mode the EA can read the status on internal indicator buffers and execute new order using a simple “if lower than” and “if greater than” logic, based on the values calculated by an external indicator (not necessary attached to the chart). This mode accepts configuration up to 5 parameters of the selected external indicator.

2. Demo strategy mode:  In this mode EA will run a built in demo strategy (for demonstration purposes only!). In order to use ArrowHunter functions (Trading based on a configured external indicator), set 'RunDemoStrategy' option to 'false' in the EA settings!

This EA has several different modes of operation like: trade reversal on each new signal, stoploss and takeprofit, trailing stoploss and breakeven mechanism. More features are:

Below a video demonstrating indicator signal to marketorder conversion using 'Onchart' signal detection:

https://www.youtube.com/watch?v=PMwK44docBU

Below a video demonstrating indicator optimization using 'FromIndicatorBuffer' signal detection:

https://www.youtube.com/watch?v=BHDkqZvI_4E