Forex Robust Filter MT4 Indicator

Forex Robust Filter MT4 Indicator:

About the Forex Robust Filter MT4 Indicator

The Robust filter FREE indicator calculates and shows: 1. The direction of the trend; 2. Entry and exit points of positions; 3. StopLoss lines calculated from current price probability distributions and selected probability of closing an order by StopLoss before the trend reversal; 4. Lot sizes based on the accepted risk level, deposit size and StopLoss position.

Indicator readings are visual, extremely simple and do not require comments. The purple line of the indicator marks an uptrend, the gold line expresses the area of ​​uncertainty in the direction of the trend movement, and the purple line – the downtrend. The moments when the price movement direction changes are marked with arrows. Accordingly, the entry points for Buy when a green upward directed arrow appears, and for Sell when a purple downward arrow appears. StopLoss positions are shown with a red dotted line.

The indicator has all kinds of alerts. The indicator does not redraw. The indicator can be used both for trading scalper strategies and for long-term trading strategies.

This indicator is based on the robust filtering algorithm developed by the author using the multi-period averaged moving median. The algorithm for this averaging is shown in the last screenshot.

Robust filter FREE is a freely distributed version of the indicator Robust filter. Robust filter FREE, being a freely distributed indicator, differs from the paid version of Robust filter only by the restriction on the timeframes used – only the H4 timeframe can be used. To trade on all timeframes, use the Robust filter indicator

Indicator settings.

Price type – applied price. Values: Close price, Open price (default), High price, Low price, Median price ((high + low)/2), Typical price ((high + low + close)/3), Weighted price ((high + low + 2*close)/4).
The averaging period – averaging period. Values: any integer (3 default).
The averaging method – averaging method. Values: SMA (default), EMA, SSMA, LWMA.
Line (arrows) thickness. Values: any integer (2 default).
The Signal method – Type of trading signal alert. Values: No (default), Send alert, Print (in expert), Comment (in chart), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.
The probability of triggering StopLoss P_sl – The probability of closing an order by StopLoss before the trend reversal. Values: any real number between 0 and 1 (0.05 default).
Calculate the lot size from the risk, deposit and P_sl ? – Calculate lot size based on risk, deposit and probability of order closing by StopLoss ? Values: true, false (default).
Deposit in $ (5000 $ default).
Allowable losses in % – Permissible losses as a percentage of the deposit (2% default).

Test results:

Forex Robust Filter MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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