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Indicement is an MT4 expert advisor that trades breakouts of support and resistance levels on three US stock indices: US500, US30 and NAS100. It runs from a single H1 chart and uses several internal strategies per index.
Get one message the moment it launches, with its price.
Indicement is an expert advisor for MetaTrader 4 that focuses on three US stock indices: US500, US30 and NAS100. It looks for price to break through important support and resistance levels and places orders around those areas, with several internal strategies running side by side.
The EA watches each enabled index for levels where price has previously turned. When it decides a breakout is likely, it places an entry with a stop loss and a take profit. Once a trade is open, trailing logic can move the stop and the target, so a position is managed after entry and not left on fixed levels.
For each index there are up to three separate strategies. You can enable or disable each one, which lets you choose how many ideas run at the same time. Because several strategies and three markets can be active together, more than one position may be open at once. Review your lot size and risk limits with that in mind.
The inputs fall into general options and per-index options. Defaults and exact ranges can differ between set files, so check the Inputs tab after loading one.
| Setting | Purpose |
|---|---|
| ShowInfoPanel | Shows an information panel on the chart; a size adjustment exists for high-resolution screens |
| Friday stop hour | Stops holding trades into the weekend; the value is an hour from 0 to 23, and an out-of-range value disables it |
| SetSL_TP_After_Entry | For brokers that reject pending orders carrying a stop loss and take profit |
| Use virtual expiration | For brokers that do not accept expiry times on pending orders |
| BaseMagicNumber and comment | Identify the EA's trades; the comment suffix can be removed |
| Run, symbol and strategy toggles | Per index: enable it, enter the broker symbol name, and choose strategies one to three |
| Max spread | Per index spread limit for entries |
| Randomization | Slightly varies entries, exits and trailing values so that users on one broker do not trade identically |
| NFP filter | Turns the non-farm payrolls news filter on or off |
| AutoGMT | Calculates the broker time offset; needs a web address allowed in the terminal options |
There is also a setting for the value of one unit of price movement. It is normally left on automatic and should only be changed if the calculated lot size is clearly too large.
Lot size, the drawdown limit per strategy and the choice of set file all affect how much you can lose. Start on a demo account, use a conservative set file and compare the spreads and execution of your broker with the conditions you tested.
Trading carries risk, and you can lose some or all of your deposit. Backtests and past results do not predict future ones. Nothing here is a promise of profit.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Grid, Support and resistance, Breakout |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Markets | US500, US30 and NAS100 index symbols |
| Chart timeframe | H1 (the chart the EA is attached to) |
| Trade style | Breakout of support and resistance levels |
| Strategies | Up to three per index, each can be enabled separately |
| Suggested minimum balance | Around 150 USD per the developer; confirm with your broker |
| Requirements | Correct index symbol names, algo trading enabled, stable connection |
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Attach it to one H1 chart. The chart symbol does not decide what is traded, because the EA trades the three index symbols you enter in its parameters. Many users pick a liquid forex pair for the chart because it ticks often, but this is only a convenience.
The most common cause is that the index symbol names in the settings do not match your broker. Open the Market Watch window, find the exact names of the US500, US30 and NAS100 instruments, and type them into the symbol fields. Also check that algo trading is on and that the spread limit is not blocking entries.
This listing is for the MT4 build only. If you use MT5 you need the MT5 edition of the product, which is a separate download.
AutoGMT lets the EA work out your broker's time offset. For it to work you must add the world time web address named in the product documentation to the allowed URL list in the terminal under Tools, Options, Expert Advisors. If you prefer, set the offset manually and leave the option off.
The developer provides set files with lower risk levels and an entry randomisation option intended for such use. Prop firm rules differ, so read your firm's rules on EAs, drawdown limits and news trading, and test on a demo account first.
Yes, but fill in the correct symbols first and select the index you want to test in the Strategy Tester. Because the EA runs several indices together, MT4 tests one symbol at a time and will not show the combined behaviour.
Indicement MT4
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