Filters are normally used to add extra checks to an existing entry rule. However, if you just want to trade when filters are in agreement,
i.e. passing, then this rule will allow that. It signals trade when filters are
in agreement. It can also optionally exit the trade when filters in the opposite
direction are in agreement - tick 'Filter Exit' to activate this.
Will only permit trade to be signaled if the open price of previous candle was in/on a supply demand level, as drawn by the SupplyDemand
indicator. Or the close price of the two most recent closed candles. For a sell trade it must have been a maroon colored block that and blue for buy trade. This will check that trades have some
from a support/resistance zone as draw by the indicator. Also has a optional 'Wick
Offset' box which if set (not blank) then look at candle wicks as well and will
also okay trade if wick + offset is within support/resistance.
Will place two green lines on chart that will be buy zone and two red for sell zone. Manually move lines to desired levels. Will check that price is in corresponding zone before allowing trade. Also provides tick box so check can easily be turned on/off.
Will check Heiken-Ashi is in agreement, i.e. correct color for direction of trade. Also, has 'Max Wick' text box which if set (not blank) will check lower wick on buy and upper wick on sell is not greater than this value.
Will check that price is above moving average for buy trade and below for sell.
Will examine angle of moving average between a candle earlier (default is 5 candles earlier - Shift=5) and most recent closed candle. Provides 'MA Angle' box where min angle for trade can but supplied. NOTE: Angle is expressed in pips difference between the two prices (not degrees) for technical reasons.
Will check that moving average is in correction direction, i.e. moving up for buy, and prevent trade if not. To change period of moving average edit indicator properties for fltMADir and fltMADir2.
Will check fast moving average has cross slow moving average.
Alternative to f-max that will check distance between moving averages is no less that a 'Min MA Diff' text box value (in pips). Note, designed to be used instead of f-max and will replace it if that filter is already loaded. Can set Min MA Diff box to blank to turn filter off.
Will check that low of closed candle is above moving average (fltMAHL) for buy and high of candle below for sell. Also has optional exit where will exit buy if high of closed candle is below MA or low above for exiting sell. This can be turned on by ticked 'MA HighLo Exit' tick box.
Will check that MACD is in correction direction, e.g. moving up for buy, and prevent trade if not
Useful for trend following strategies where trades will be prevented in flat/choppy markets, i.e. when not trending. This can help prevent repeated entry/exits of unprofitable trades, called whipshaw'ing. Will filter out if ADX (MetaTrader built-in indicator) is < 'Filter ADX...' value. Set to blank to turn filter off.
Useful for trend following strategies where trades will be prevented in flat/choppy markets, i.e. when not trending. This can help prevent repeated entry/exits of unprofitable trades, called whipshaw'ing.
Adds 'News Avoid' selection list which if set to 'before' will prevent the EA from opening a trade before a high impact news event. The threshold for this can be set via EA input News_secsPriorToNewsForNoAction (in secs), which by default is set for 1 hour. Optionally, can also avoid trade just after news, with threshold set by input News_secsAfterNewsForAction, default also 1 hour. Set to BA (before and after) to do this latter check as well.
No trade if close to RunwiseFX support 1 (if sell) and resistance 1 (if buy). How close is given by 'No SR1 Pips'. If blank then will turn filter off.
By default will check chart timeframe + 3 is in agreement, e.g. if chart M15 then will check H4 in agreement. To change this timeframe click CONFIG | Indicator Values to Capture and select fltUTLPbuy and fltUTLPsell and change period to desired timeframe, e.g. D1, click Save.
Will only enter trade if previous closed candle was bullish for buy and bearish for sell. Will also check that current price is at or beyond the close price of the closed candle. Can use text box 'PA pips' to set minimum pips beyond close price needs to be.
Adds two tick boxes which if ticked will only trade if price below sell price or above buy price, respectively. Ticking the boxes will be display lines on the chart which can be moved to required price. Untick to turn check off.
Shows tick boxes for various timeframes which if ticked won't trade if timeframe not in agreement. Can select more than one timeframe.
Adds 4 start/end times, which can use used to start trading by ticking 'Okay to Trade/Signal' box for you and also end trading, i.e. unticking okay box, and close trades when end time reached. Note, 'Okay to Trade/Signal' can be changed manually as well. If time is blank then will be ignored. Note, time is in server time in hh:mm format.
The indicator must have been added to the chart, as the filter looks for the objects that the indicator places on the chart. Filter shows tick box on panel to turn filter on/off interactively.