FRZ Indicator Automater – Setting Explanations (49-72)

User Manual | Settings 1-16 | Settings 17-48 | Settings 49-72 | Settings 73-86

Inputs 49-72: FRZ server services (news filter, Market Bias), the 2nd indicator filter, the inbuilt entry filters and the exit indicator.

FRZ Indicator Automater input settings 31-58
FRZ Indicator Automater input settings 59-86

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
<<<<< FRZ Server Services (Live/Demo Only) >>>>>
These services come from the FRZ server and work on live and demo accounts only. They are off in the Strategy Tester and not available in the DEMO version (the DEMO shows this heading as “FRZ Server Services (Not Available in DEMO)”). They need https://frzserver.com in the WebRequest list – see WebRequest Setup.
49 News Filter Pauses new trades around economic news for the currencies of the chart symbol. Default: High Impact. Options: Disabled, High Impact, High & Medium Impact, High, Medium & Low Impact. Open trades are not closed. The HUD shows “News Filter: Clear” or “Paused” and the next event.
50 Pause Trading Before/After News (Minutes) Minutes before and after each event. Default “5,15” = from 5 minutes before to 15 minutes after. One number = the same before and after.
Example: 30,60 → no new trades from 30 minutes before a news event until 60 minutes after it. Wrong format (e.g. 30-60) stops the EA with “News pause (input 50) must be like 5,15 or 10.”
51 Show News Lines on Chart Default true: vertical lines at upcoming news times for the chart’s currencies – red = high, orange = medium, yellow = low impact. Lines are shown for all impacts; input 49 decides which ones pause trading.
52 FRZ Market Bias Filter (Server Analytics) Default false. True: the FRZ server’s daily market bias for the symbol is applied – buys only when the bias is bullish, sells only when it is bearish. The bias covers the major forex pairs and crosses, gold, silver, oil, the main stock indices and the main crypto pairs; related symbols (other crosses, other metals, other indices or coins) are mapped automatically. On symbols it does not cover (e.g. synthetic indices, stocks), or on a day without a clear bias, it steps aside and does not block trades. If the server cannot be reached, new trades pause until it answers. The HUD shows the bias and where it comes from, e.g. “Market Bias: Bullish – buys only (via EURUSD)”.
<<<<< Signal Filtering by a 2nd Indicator >>>>>
53 Enable Signal Filtering by a 2nd Indicator Default false. True: a primary signal is only traded if a second indicator agrees (inputs 54-58).
54 2nd Indicator Name File name of the 2nd indicator (same rules as input 1). Loaded with its default settings. Best: an indicator that always shows one of two colours (e.g. a trend line or histogram), not occasional arrows. With the filter on and no name, the EA stops with “Please enter the 2nd Indicator Name (input 54).”
55 Buy only if this Color ID is Present A buy is allowed only if this buffer of the 2nd indicator has a value on the candles in input 57. Default 0.
Example: a trend indicator draws a green line in buffer 0 in uptrends and a red line in buffer 1 in downtrends → input 55 = 0, input 56 = 1.
56 Sell only if this Color ID is Present A sell is allowed only if this buffer has a value. Default 1.
57 Candle ID/Range to Check on 2nd Indicator Same format as input 5. Default “1”. With a range, a value on any candle in it is enough.
58 Timeframe to Check for 2nd Indicator (0 = Current) Same values as input 6. Default 0.
Example: trade M15 arrows only in the direction of an H4 trend indicator: input 58 = 240.
<<<<< Inbuilt Entry Filters >>>>>
59-63 Inbuilt Filter 1-5 Up to five ready-made filters; a signal is traded only if all selected filters agree. Default: Disabled. Each is checked on the last closed candle of the chart timeframe (buy shown; sells are the mirror image):

  • Support & Resistance Filter – no buy while the price is inside a verified/proven resistance zone (no sell inside a support zone).
  • Choppy Market Filter – trades only when ADX(14) is above 20, i.e. the market is trending (applies to both directions).
  • EMA Filter – buy only when the close is above the EMA (period in input 64).
  • Bollinger Bands Filter – buy only when the close is above the middle band (20, 2.0).
  • RSI Filter – buy only when RSI(14) is above 50.
  • Money Flow Index Filter – buy only when MFI(14) is above 50.
  • Stochastic Filter – buy only when Stochastic %K is above %D (5,3,3).
  • MACD Filter – buy only when the MACD main line is above its signal line (12,26,9).
  • Parabolic SAR Filter – buy only when the SAR dot is below the price (0.02, 0.2).

Selecting the same filter twice counts once. A blocked signal shows on the HUD as “Waiting: EMA filter” (or the filter’s name).
Example: Filter 1 = EMA Filter, Filter 2 = Choppy Market Filter, input 64 = 200 → buys only above the 200 EMA and only while ADX(14) > 20.
64 EMA Period The EMA period used by the EMA Filter. Default 200.
65 Show Support & Resistance Zones on Chart Default false. True draws the zones the S&R filter uses on the chart (useful to see why a signal was blocked).
66 Reverse the Inbuilt Filter Rules Default false. True swaps buy and sell in every directional filter (for counter-trend indicators), e.g. EMA filter: buy only below the EMA. The Choppy Market filter and FRZ Market Bias are not reversed.
<<<<< Exit Based on an Indicator >>>>>
67 Enable Exit Indicator Default false. True: a signal from the exit indicator closes open trades early. Not used while DCA (input 73) is on.
68 Exit Indicator Name File name of the exit indicator (Type 1 arrows work best). Loaded with default settings. It can be the same indicator as input 1.
69 Color ID for Buy Exit The buffer whose new signal closes buy trades. Default 1.
Example: use the primary arrow indicator as its own exit: a sell arrow (buffer 1) closes the buys → input 69 = 1, input 70 = 0.
70 Color ID for Sell Exit The buffer whose new signal closes sell trades. Default 0.
71 Candle ID/Range to Watch Same format as input 5. Default “1”.
72 Exit Indicator Timeframe in Minutes (0 = Current) Same values as input 6. Default 0.

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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