Supertrend EA MT4

Supertrend EA MT4 is an expert advisor developed to trade in MT4 trading platform. Expert advisors are also called trading robots because they are responsible for managing the trades on fully automatic basis. If you are using trading robot no human supervision may be required. However, the Expert Advisor you use should be well tested in the real time market environment and the indicators should be optimized.

Supertrend EA is a trend following Expert Advisor and it executes trade when the trend changes, when breakout occurs, when correction happens and, when pullback occurs. At the end of this article you will find the download link. You will find indicator folder and expert advisor folder. Expert advisor alone will not display anything on your chart. If you want the visual form of your robot, you have to attach the indicator I’ve mentioned in the below download file. As I’ve already mentioned the parameters on which this Expert Advisor executed the trades, I will go in brief on this.

Supertrend EA
Supertrend EA

Change of Trend

If any positions are open, they will all be closed when the trend of the market changes.

Stop Loss

This expert advisor uses Supertrend indicator as a stop loss level.

Before you jump to live account with this expert advisor I advise you to use demo account. At the beginning it is recommended to learn to trade manually. When you feel confident about your trading strategy then only you should code that trading strategy in to make it a robot. Generally not all have the advantage of that because traders may not know how to code.

This expert advisor can be used on any time frame to trade any currency pairs. But you may not be able to trade precious metals and stocks as the program has been developed to trade forex.

Free Download Super Trend EA
Free Download Super Trend EA
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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

23 thoughts on “Supertrend EA MT4”

  1. How to install? i like that EA because thats the same indicator i use BB stop and its very nice however its not a robot, i was reading and c u saying thats its called CODE, i dont know how to CODE it

    Reply
    • This is already an EA so you don’t have to code. To install EA, the procedure is same as for the indicator except that you have to copy the EA to MQL4>Experts folder.

      Reply
  2. Hello! Can u use this om gold trading? I got a Strategy on gold that is using supertrend But not on close when trade shift it is at TP 3 always.

    Reply
  3. Hello Aruna, could you please be so kind to inform updated settings for the indicator and EA? Thank you.

    Reply
  4. Hi Arun. I would like to take one of the free trading strategies you posted and turn it into an Expert Advisor that I can backtest and then hopefully trade automatically. Unfortunately, I do not know anything about coding. Can you please tell me if there is a service I can hire to do this for me? Thank you.

    Reply

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