strategy checklist
Info
The strategy checklist is a Indicator for MetaTrader 5 that this is the mt5 port of an indicator that i implemented for my personal use. it allows you to define a checklist that helps you check your rules before opening a trade.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use strategy checklist
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this is the mt5 port of an indicator that i implemented for my personal use.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Session-Based Liquidity Breakout Strategy - another powerful indicator for MetaTrader 5 traders.
this is the mt5 port of an indicator that i implemented for my personal use.
Also recommended: half line exit strategy - similar indicator with strong performance on MetaTrader 5.
it allows you to define a checklist that helps you check your rules before opening a trade.keep in mind that this is not automatic. you must manually define the checks and mark them as according to your strategy.
settings
tag - allows you to have more than one instance of this indicator on a chart. keep in mind that the instances must all have different tag values.
window position
- allows you to define the default position where the window is opened.
check01...check20
- allow you to define the rules of your checklist.
You may also like: Darvas Box Trading Strategy - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "2.0"
#property strict
#property indicator_chart_window
#property script_show_inputs
#property indicator_plots 0
#property indicator_buffers 0
#property indicator_minimum 0.0
#property indicator_maximum 0.0.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.