Snorm Pitchfork. This indicator adds a Schiff (standard or modified) Pitchfork to a manually drawn Andrews Pitchfork (available as standard with MT); along with parallel lines at your defined levels. It's rather magical. A Pro Version is available for £30 providing: Up to 10 Parallel lines on the Andrews Pitchfork as well as Schiff. Jun 09, 2015 Time: 2017-11-14 Download file:V1:Andrews Pitchfork indicator for MT4 Version 1.1.ex4 Version 1.1 2015.06.09 version 1.01 - changed the breakDown parameter; breakDown — coefficient calculated basing of the width of Andrews Pitchfork. I successfully installed Andrews Pitchfork indicator on my MT4 platform but I'm wondering if there is a way to modify or add lines in between. Please take a look at the attached screenshot. One on the left shows a default Andrews Pitchfork channel (just 3 lines only) I can choose line type and color.
The Andrews Pitchfork PRO+ (Andrews Pitchfork Plus) for MetaTrader 4 has been greatly improved on the previous MetaTrader 4 version. There are several new features and improvements including its ease of use, automatic colour change when adding new pitchforks to the same chart, and the ability to set alerts on various pitchfork lines. This tool offers enhanced capabilities in comparison to the standard Andrews Pitchfork tool available in the MetaTrader toolbox. The indicator is completely invisible on the chart (attach it to a chart and forget). After adding to a chart, the indicator replaces the standard pitchforks from the MetaTrader toolbox.
Also, in combination with our Effortless Risk Manager it is now possible to place and action trades at any pitchfork level. The Effortless Risk Manager must be purchased separately and be on the same chart for this feature to work and is fully explained in the Effortless Risk Manager manual. Also, alert/trade options can be used with Fibonacci levels and other price channels.
You can try a fully functioning copy of Andrews Pitchfork PRO+ before you buy for seven days.
Options available in pitchfork menu:
- Show levels ON/OFF - turns on the showing of levels and shows basic levels up to ten,
- Show X levels - shows additional levels, X stands for the sum of basic and additional levels up to twenty,
- Show all X levels - shows the remaining levels, X indicates the maximum number of levels up to twenty five,
- Trigger line P1 - shows or hides the line,
- Trigger line P2 - shows or hides the line,
- Sliding parallel line - shows or hides the line,
- Basic median – enables pitchfork without upper/lower medians and WL levels,
- Schiff’s Median Line – enables Schiff median line by Mircea Dologa,
- Schiff Pitchfork – enables original Jerome Schiff pitchfork,
- Modified Schiff – enables modified Schiff pitchfork,
- A&R mode – enables Action & Reaction mode,
- Grid mode – enables grid mode and is used for audible alerts and trade operations (optional),
- Align anchor points - allows you to match the anchor points P0/1/2 of the pitchfork and Schiff line to the nearest tops and bottoms on all chart periods,
- What’s new? – information and useful links.
Options available in alert and trade menu:
- Sound alert ON/OFF - activates or deactivates the audible alert for the line. Depending on the version, sounds may vary due to the line type. Sound alerts are supported by the indicator,
- Place buy order - is used to place a buy order on the given line. The order will execute the EA when the price reaches the line. In the settings you can set the lot size that is fixed each time,
- Place sell order - as above but for sell order,
- Close all (magic) - if price reaches the line, the EA will close all orders with a magic number obtained from pitchfork name. It can be used as a hidden SL or TP,
- Close 1/3 (magic) - this option will close 1/3 of all currently profitable orders. Unprofitable orders will be omitted,
- Close 1/2 (magic) - as above,
- Close 2/3 (magic) - as above,
- Break-even - when the price reaches the line, it will move all SL of profitable orders to break-even level.
Important: Trade options are available with suitable EA. Suitable EA means, Effortless Risk Manager (soon) and our any new future Expert Advisor. We will increase the choice of suitable EAs as the need arises. If Expert Advisor is not attached to a chart, then the indicator shows only alert option.
Detailed description of the Andrews Pitchfork PRO+ for MT4 you will find in the PDF manual below.
The picture below shows differences between indicator versions (including future update of Pro version for MT4).
What’s new in Andrews Pitchfork PRO+ indicator v.1.020?
The new indicator name, Plus was changed to PRO+.
Better working with Toolbox PRO1. It means, you may set color, style, width and pitchfork visibility according to chart period of pitchfork creation. With Toolbox PRO1 you can easily and quickly create technical analysis on multi time-frame chart.
Better switching between Andrews Pitchfork, Schiff Pitchfork and Modified Pitchfork options.
Currently, you may switch of chart object description in settings.
Also, minor improvements.
If you identify any bugs or if you have any questions or suggestions feel free to let me know. Feedback are most welcome.
Last updated: March 29, 2020
The Andrews Pitchfork Metatrader 4 Forex Robot is an automated forex trading software that employs a set of logic that hails from the use of three parallel trend lines.
These lines are critical in plotting levels of support and resistance, along with likely breakout points.
The EA draws the Andrews Pitchfork (yellow dotted lines) on the screen upon activation.
Once a trend is confirmed, the Andrews Pitchfork expert advisor selects three points which represents three consecutive peak and troughs.
Certainly, the Andrews Pitchfork forex robot can be used to trade breakouts above the upper trend line and breakouts below the lower trend line.
Free Download
Strategy Tester Report
Find below the Andrews Pitchfork forex robot strategy tester report for the EUR/USD forex pair on the Daily chart.
Overall Performance
The EA made a total profit of $18153.62 from a total of 138 trades. The largest winning trade generated $2433.48 in profits while the largest losing trade generated a loss of-$786.99.
Statistics:
Bars in test: 2587 ticks modelled
Initial deposit: $10000.00
Total net profit: $18153.62
Total trades: 138
Largest profit trade: $2433.48
Largest loss trade: -$786.99
Consecutive wins: 5
Consecutive losses: 1
Download
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: PITCHFORK length (bars), PITCHFORK color, Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Momentum_Sell, Momentum_Buy
Andrews Pitchfork Indicator Mt4 Download
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Andrews Pitchfork
Installation
Andrews Pitchfork Indicator Mt4 Download
Copy and paste the Andrew’s Pitchfork.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
Andrews Pitchfork Mt4 Download
File > Open Data Folder > MQL4 > Experts (paste here)