Custom Indicator/ Expert Advisor

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Please Am getting confuse with the actual meaning and function of each 

Which is which ????
  My understanding 

Custom Indicator :Give sell or buy signal with a descriptive arrow (👆Buy :::; 👇sell )' base on combination or single fundamental indicator like  RSI AND STOCHASTIC INDICATOR , OR  

RSI alone.  For instance RSI level crosses to show buy or sell signal 

Expert Advisor :  Help trader to trade (both entry and exit ) automatically base on strategy code inputted (programmed) 

Then what is the difference between EA generate and EA template ??

Please am I right ??
I will appreciate a better definition if am wrong 

 
  1. Omotayo Jeremiah: Which is which ????

    Which what?
         How To Ask Questions The Smart Way. 2004
              Be precise and informative about your problem

  2. Omotayo Jeremiah: Custom Indicator :Give sell or buy signal with a descriptive arrow (👆Buy :::; 👇sell )' base on combination or single fundamental indicator like  RSI AND STOCHASTIC INDICATOR , OR   

    They can. The author determined a signal.

  3. Omotayo Jeremiah:  RSI alone.  For instance RSI level crosses to show buy or sell signal 

    They show values or levels. It is you that determines whether it is a signal.

  4. Omotayo Jeremiah:  Expert Advisor :  Help trader to trade (both entry and exit ) automatically base on strategy code inputted (programmed) 

    Indicators can not trade. EAs can.

  5. Omotayo Jeremiah: Then what is the difference between EA generate and EA template ??
    1. There is no such thing as a EA template (I assume you aren't talking about a coding template).  Applying a template simply erases everything, then sets chart properties, adds objects, indicators, and/or EA with those properties. The template is then irrevalent.
    2. No idea what you mean by EA generate. Perhaps the many EA builders instead of coding it
      EA builder, EA Builder Pro, EATree, Etasoft forex generator, Forex Strategy Builder, FOREXEADVISOR STRATEGY BUILDER, FX EA Builder, fxDreema, FxPro, Molanis, Online Forex Expert Advisor Generator, Strategy Builder FX, Strategy Quant, Visual Trader Studio, MQL5 Wizard, etc., are all the same. You will get something quick, but then you will spend a much longer time trying to get it right, than if you learned the language up front, and then just wrote it.

      1. Since you haven't learned MQL4/5, therefor there is no common language for us to communicate.
        If we tell you what you need, you can't code it.
        If we give you the code, you don't know how to integrate it into yours.
        We are willing to HELP you when you post your attempt (using SRC) and state the nature of your problem, but we are not going to debug your hundreds of lines of code. You are essentially going to be on your own.

      2. EA builder makes bad code counting up while closing multiple orders.
        EA builder makes bad code Bars is unreliable (Max bars in chart), volume is unreliable (miss ticks.) Always use time.
        EA builder makes bad code, not adjusting for 4/5 digit brokers, TP/SL and slippage.
        EA builder makes bad code, not adjusting for ECN brokers. pre-Build 500)
        EA builder makes bad code, not checking return codes.

      3. EATree uses objects on chart to save values — not persistent storage (files or GV+Flush.) No recovery (crash/power failure.)

      4. FX EA Builder makes bad code, not checking return codes.
        FX EA Builder makes bad code, loosing open tickets on terminal restart. No recovery (crash/power failure.)
        FX EA Builder makes bad code, not adjusting stops for the spread.
        FX EA Builder makes bad code, using OrdersTotal directly.

      5. FOREXEADVISOR STRATEGY BUILDER makes bad code, non-updateing global variables.
        FOREXEADVISOR STRATEGY BUILDER makes bad code, compilation errors.
        FOREXEADVISOR STRATEGY BUILDER makes bad code, not checking return codes.

      Learn to code it, or pay someone (Freelance) someone to code it.
                Hiring to write script - General - MQL5 programming forum #1 2019.08.21

  6. Omotayo Jeremiah: Please am I right ??

    About what? only № 4 was a statement.
    How To Ask Questions The Smart Way. 2004
              Prune pointless queries.

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