About the Super Trend MetaTrader 4 Forex Robot
The Super Trend MetaTrader 4 Forex Robot is an advanced Expert Advisor that combines three technical indicators for precise trade execution:
- 150-period Moving Average (MA)
- RSI (3) with levels set at 80 and 20
- Stochastic (6, 3, 3) with levels at 70 and 30
The EA’s parameters are fully customizable, allowing traders to adapt the robot to different market conditions and personal strategies.
It is crucial to adjust the input settings if your currency pair quotes are not in 5-digit format to ensure accurate trade signals.
The Super Trend logic triggers a buy signal when the Bid price is above the MA and a sell signal when the Ask price falls below the MA.
Additionally, input variables like the Trailing Stop can be set to 0 or higher, controlling how the stop-loss responds to price movements.
Familiarizing yourself with these management settings is essential for optimizing the EA’s performance and maintaining effective risk control.
Free Download
Download the “ea_rsi_stocho_ma.mq4” MT4 robot
Key Features
Trend-Following Strategy
The EA employs a trend-following strategy based on the Super Trend indicator, ensuring trades are placed in the direction of the prevailing market trend.
Automatic Trade Execution
Once the EA identifies a valid trading signal, it automatically executes buy or sell orders, eliminating the need for manual intervention.
Risk Management
Built-in risk management features, including adjustable stop-loss and take-profit levels, help protect your capital and secure profits.
Customizable Settings
The EA offers customizable settings, allowing traders to adjust parameters such as risk level, lot size, and trading hours to suit their individual trading preferences.
Compatible with Multiple Timeframes
Designed to work across various timeframes, the Super Trend EA provides flexibility to traders using different trading strategies.
Strategy Tester Report
Find below the Super Trend forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
Overall Performance
The EA made a total profit of $26717.64 from a total of 169 trades.
The largest winning trade generated $12661.44 in profits, while the largest losing trade generated a loss of $2943.00.
Statistics:
Bars in test: 5677 ticks modelled
Initial deposit: $10000.00
Total net profit: $26717.64
Total trades: 169
Largest profit trade: $12661.44
Largest loss trade: -$2943.00
Consecutive wins: 2
Consecutive losses: 2
How the EA Works
- Monitors market trends using the Super Trend indicator.
- Identifies buy or sell signals based on trend direction.
- Automatically opens trades when valid signals are detected.
- Sets stop-loss and take-profit levels to manage risk and secure profits.
- Closes trades when opposite signals are generated or profit targets are reached.
Download Now
Download the “ea_rsi_stocho_ma.ex4” Metatrader 4 robot
Parameters & Settings
- Adjustable stop-loss and take-profit levels.
- Customizable risk management settings.
- Configurable trading hours and lot sizes.
- Multiple time frame compatibility.
- Automatic updates for optimal performance.
Recommended Trading Setup
- Use on trending currency pairs such as EUR/USD or GBP/USD.
- Install on a Virtual Private Server (VPS) for 24/7 operation.
- Adjust risk settings according to personal risk tolerance.
- Regularly monitor performance and adjust settings as needed.
- Combine with other technical analysis tools for enhanced results.
FAQ
1. Is the Super Trend EA really free?
Yes, the Super Trend MetaTrader 4 Forex Robot is completely free to download and use on the MetaTrader 4 platform.
2. Do I need technical knowledge to use it?
No, the EA is easy to install and set up with the included instructions, making it suitable for both beginners and experienced traders.
3. Which currency pairs work best?
The EA performs best on trending currency pairs such as EUR/USD, GBP/USD, and USD/JPY, but it can be applied to other pairs as well.
4. Can I customize the EA settings?
Yes, you can adjust input parameters such as stop-loss, take-profit, trailing stop, and indicator settings to match your trading strategy and account type.
5. Will the EA work on non-5-digit brokers?
Yes, but it is important to adjust the input settings accordingly to ensure accurate trade signals and proper performance.
Summary
The Super Trend MetaTrader 4 Forex Robot is a reliable tool for traders looking to automate their trend-following strategies.
With its advanced trend detection, automatic trade execution, and robust risk management features, it provides a comprehensive solution for trading in trending markets.
