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Blue Rider Expert Advisor MT4

5


Blue Rider Expert Advisor (BR EA) MT4


The BR EA is an EA which generates orders based on the signals of the Normalized Trend Reversal Multi Time Frame Indicator (NTR MTF Indi MT4).

The NTR MTF Indicator generates the signal using a crossover of two modified moving average systems.

The BR EA can be used on Forex currency pairs, indexes, metals, and cryptocurrencies.

The BR EA trades the first order and builds a grid as soon as the NTR MTF Indicator generates the next signal.

For a better overview, the BR EA plots the profits of the individual trades or sequences directly on the chart and connects the entries with the exits using dashed lines.

Ask me for Settings, User Manual, Installation, Requirements, and everything else you need for trading. 

There is a channel with weekly trading recommendations for the Blue Rider EA MT4 and a support group on Telegram for all interested traders. Please send me a PM.


Recommended trading pairs


EURAUD; EURGBP; EURUSD; GBPAUD; NZDCHF; NZDUSD


General requirements for trading with Blue Rider EA


Minimum account size: 3000 e.g. USD for trading 3-5 pairs with the lowest starting lot of 0.01

Leverage 1:500

Not suitable for netting account and ESMA leverage restrictions.

Raw spread accounts and low latency VPS are recommended.

BR EA works on accounts of various brokers.

We recommend for getting the best results, as the BR EA has been optimized with the ECN data feed of the broker .


Parameters:

General Settings

Enable Buy – allow buy trades

Enable Sell – allow sell trades

Magic Number - identifier

Comment – add identifier

 

Entry Settings

Lot Base - first lot which the EA starts

Minimum Grid Distance (Fixed) - min distance of grid between entries

Lot Multi (1-Disable) - Multi of the individual lots of entries

Lot Sum (0-Disable) - Summand of the individual lots of the respective entries

 

NTR Settings

TimeFrame - TF of chart

Normalisation Period - defines the Period for which the Normalization of the NTR

Overbought Level (Normalisation > 0) - defines the Overbought Range for which a signal output is to be made by the NTR MTF indicator

Oversold Level (Normalisation > 0) - defines the Oversold Range for which a signal output is to be made by the NTR MTF indicator

 

ZigZag Filter Settings

Enable Filter First Trade – activates the filter only for the first trade

Enable Filter Sequence – activates the filter for each trade in the sequence  

TimeFrame – TF of ZigZag Filter

BreaktoutMode - Setting for displaying the breakout option

Reversal Value according to Retrace Mode – Reversal value of the Retrace Modus

Retrace Mode – Mode that records the distance to which prices have collapsed again after reaching a new high

ATR Period (RetraceMethod=3) – Average True Range Periode

 

Exit Settings

Minimal Profit Target (0-Disabled) - min def TP

Increase Profit Target (1-Disabled) - Factor, which added to Minimum Profit Target depending on number of opened lots when closing sequence

Target ATR Multi (0-Disabled) – Target tracking based on the Average True Range

 

Emergency Management

Max Lot (0-Disabled) – highest lot opened in sequence (or singletrade)

Close on equity loss (0-Disabled) – SL in Money

Close on profit after x trades - closes lots of sequence after ... number of opened trades with BE

Pips in Profit (from Average Price) - closes sequence with an add profit

 

Filter Settings

Enable Time Filter 1 - allows trades in time of day 1

Start Hour (1) - def start time (1)

Stop Hour (1) - def stop time (2)

Enable Time Filter 2 - allows trades in time of day 2

Start Hour (2) - def start time (2)

Stop Hour (2) - def stop time (2)

Max Spread (0-Disabled) – Max allows spread between Bid and Ask

Max Slippage – Max allow Slippage

 

Visual Settings

Show Panel - - Informative panel shown

Enable Profit On Screen – activated profit display on the screen

Profit Color – Color of the profit

Arrow Distance – Distance of the arrows

Buy Arrow Color - Color for a buy entry signal

Sell Arrow Color - Color for a sell entry signal

Exit Arrow Color - Color for a exit signal

Exit Line Color (Single/ Last Trade) – defines color of dashed connecting line between entry and exit of single trade or last trade in a sequence

Exit Line Color - (Buy Trade/s) – defines color of dashed connecting line between entry and exit of Buytrades in a sequence, but not last Buytrade of this sequence

Exit Line Color (Sell) - (Sell Trade/s) – defines color of dashed connecting line between entry and exit of sell trades in a sequence, but not last sell trade of this sequence



Reviews 1
Husain Ballam
107
Husain Ballam 2021.10.23 06:03 
 

A reliable EA. Tino, the author, is very supportive, replies with solutions, and answers quickly. As for back-testing, results are satisfying and parameters are intuitive and easy to grasp. In my opinion, product should worth more given the help I get from Tino. Totally worth it!

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The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
XG Gold Robot MT4
Marzena Maria Szmit
4.46 (26)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Market Prop is a fully automated trading expert advisor based on artificial intelligence. This EA analyzes multiple timeframes simultaneously, allowing it to find entry points for trades with a 90% probability of profit. The Market Prop EA is ideal for trading on prop firm accounts due to its advanced algorithmic strategy, which successfully passes prop firm challenges. In each trade, the EA automatically sets stop-loss and take-profit levels, ensuring reliable risk management. The risk level fo
Discovery EA
James Seal
5 (1)
Discovery EA is a fully automated Expert Advisor that works on all Forex pairs and once installed requires very little from the user, but is perfect for the more advanced trade too due to it's many features.  The EA is based upon the channel system but uses the channel twice to generate the signal to start trading. The 1st channel uses the higher timeframe to generate the direction of the trade (Buy or Sell), similar to a trend direction, then the 2nd channel uses a lower timeframe to generate t
Aura Eclipse MT4
Stanislav Tomilov
5 (4)
Aura Eclipse  is a fully automated EA designed to trade  currencies during evening and night hours .  It is based on machine learning deep neural network analysis and smart scalping  algorithms. The first multi-currency scalper uses deep machine learning mechanism - Keras. Its a deep learning API written in Python, running on top of the machine learning platform   Tensor Flow . It was developed with a focus on enabling fast experimentation.  Keras provides industry-strength performance and scala
FXMachine
Alexander Kozachuk
4.58 (12)
Statistics on a real account since 2020 Backtest for the last 13 years Low drawdown strategy Multi-currency algorithm Compatible with any broker Proven drawdown control system Trading on a real account since 2020 : Click Here Trading on USDCAD, EURGBP, GBPUSD, EURUSD: Click Here Trading on EURGBP: Click Here Trading on GBPUSD: Click Here Full backtests of the FXMachine EA are available for download here: Click Here About us: The development and support of FXMachine and our oth
Dragon Multi EA MT4
Mansour Babasafary
4.74 (19)
3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : Can be used in the EURUSD , AUDUS
One Gold MT4
Stanislav Tomilov
4.64 (11)
Welcome to the world of next-generation investments with our unique trading robot for gold on the MetaTrader platform! Our proprietary developments represent the pinnacle of advanced data analysis computational platforms in the world of trading. One Gold EA is a genuine smart algorithm, operating at a level beyond human traders' reach. Its unique method is based on the principles of a neuroscanner and advanced technologies in neural networks, EA is capable of analyzing historical and current dat
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Normalized Trend Reversal Multi Time Frame Indicator (NTR MTF Indicator) MT4   The NTR MTF Indicator has been developed as the exceptionally reliable trend reversal indicator. The NTR MTF Indicator suits with all Forex currency pairs and metals and can match with all kinds of time frame charts. NTR MTF Indicator generates the signal using a crossover of two modified moving average systems in a separate window. These average levels are called the NTR MTF Indicator. The blue average level is cal
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RS Volatility Expert Advisor (RSV EA) MT4 The RSV EA is an EA that generates orders based on the signals of the RS Volatility MTF indicator. The RSV EA trades the first order and builds a grid once the filter conditions are met. The RSV EA displays the profits of individual trades or sequences directly on the chart. General conditions for trading with the RS Volatility EA Minimum account size: 3000 e.g. USD for trading 3-5 pairs with the lowest starting lot of 0.01 Leverage
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Husain Ballam
107
Husain Ballam 2021.10.23 06:03 
 

A reliable EA. Tino, the author, is very supportive, replies with solutions, and answers quickly. As for back-testing, results are satisfying and parameters are intuitive and easy to grasp. In my opinion, product should worth more given the help I get from Tino. Totally worth it!

Tino Viehweg
1068
Reply from developer Tino Viehweg 2021.10.24 10:52
Thank you for taking the time to leave us this great review. We have worked hard to create a product that motivates our customers to perform at their best, strengthens their bond with each other, and at the same time leaves enough room for their own ideas on strategy and deployment. I am always here for our customers to support them. Also thanks for the recommendation given, I will take it into consideration.
Reply to review
Version 1.2 2024.02.07
new filter integrated
Version 1.1 2021.10.18
new version created with build 1350