Introduction The Supertrend Multi-Currency EA is designed to trade based on the Supertrend strategy, a popular trend-following tool that uses volatility and price movement to identify entry and exit points. The EA offers customizable Supertrend settings, allowing users to fine-tune the period, multiplier, and timeframe for optimal trading in different market conditions. With additional advanced features like grid recovery, hedging, and martingale strategies, this EA provides robust trade management and flexibility for multi-currency trading.
MT4 Version is available here Supertrend Multi Currency EA MT4
MT5 Version is available here Supertrend Multi Currency EA MT5
Features Overview
- Multi-Currency Trading
- Trade and monitor multiple currency pairs simultaneously.
- Example: EURUSD, GBPUSD, USDCHF.
- Supertrend Strategy
- Entry and exit conditions based on customizable Supertrend parameters.
- Flexible settings for period, multiplier, and timeframe.
- You can find the detailed strategy here
- Recovery Strategies
- Grid Recovery: Adds trades in a grid pattern to recover losses.
- Hedge Strategy: Opens counter trades to manage risk.
- Martingale Strategy: Increases trade size progressively to recover losses.
- Flexible Filters
- Day Filter: Enable or disable trading on specific weekdays.
- Time Filter: Define active trading hours to suit market conditions.
- Position Sizing
- Dynamically calculate lot sizes based on risk or fixed lot settings.
- Alerts and Notifications
- Receive notifications for significant trading events through platform alerts or email.
Input Parameters
Core Indicator Settings
- Supertrend Timeframe:
- Select the timeframe for Supertrend calculation.
- Default: PERIOD_CURRENT .
- Supertrend Period:
- Defines the period for calculating the Average True Range (ATR) for Supertrend.
- Default: 10 .
- Supertrend Multiplier:
- Sets the multiplier for ATR to adjust the distance of the Supertrend from price.
- Default: 3.0 .
Multi-Currency Settings
- Pairs:
- A comma-separated list of currency pairs to monitor and trade.
- Example: EURUSD, GBPUSD, USDCHF .
Group Stop-Loss/Take-Profit Settings
- Group Stop-Loss (in Currency):
- Close all trades if the combined loss across all pairs reaches this value.
- Default: -100.0 .
- Group Take-Profit (in Currency):
- Close all trades if the combined profit across all pairs reaches this value.
- Default: 100.0 .
Additional Features
- Refer to the EA’s settings for configurations related to:
- Grid Recovery
- Hedge Strategy
- Martingale Strategy
- Day and Time Filters
- Position Sizing
- Alerts and Notifications
How It Works
- The EA evaluates the Supertrend values across each specified currency pair.
- Trades are executed based on the selected Supertrend entry strategy (e.g., buying when the Supertrend indicates an uptrend).
- Trades can be managed with optional exit strategies or left open for manual closure.
- All trades are monitored for cumulative profit or loss. If thresholds for the Group Stop-Loss or Group Take-Profit are reached, all trades are closed.
- Recovery strategies (Grid, Hedge, Martingale) are applied as specified in the input settings.