Super Trend EA

The Super Trend EA is a trading robot which is based on the Super Trend Indicator. This indicator is a trend-following indicator, hence the Super Trend EA utilizes same strategy for automatically picking trades when applied on a chart.

This Expert Advisor is currently available for free at the MQL marketplace. In this article, I will be taking a look at how the Super Trend EA works. Hopefully, that will help you to decide if this is a forex trading robot that you would consider using on your trading account.

Following Trends with Super Trend EA

Following the trend is a trading strategy that involves identifying and following the direction of the prevailing market trend. In other words, it means buying an asset that is trending higher or selling an asset that is trending lower. The idea behind this strategy is that the trend is likely to continue, and traders can profit by riding the trend until it begins to reverse. The Super Trend EA automatically scans the charts for buy and sell signals based on this strategy. All trades are protected by a set stop loss, a take profit, and a trailing stop.

To use the trend-following strategy, traders typically use technical analysis tools such as moving averages, trend lines, and chart patterns to identify the direction of the trend. Once the trend has been identified, traders can enter positions in the direction of the trend, with the aim of profiting from the continued movement. However, the Super Trend EA saves traders the stress of doing the bulk work manually.

There are several advantages to following the trend in trading. First, it can help traders to avoid taking trades that go against the prevailing market direction, which can lead to significant losses. Second, trend-following can help traders to capture large market movements, as trends can often last for an extended period. Finally, following the trend can provide a clear and objective trading strategy, as traders can base their decisions on the direction of the trend, rather than on subjective factors.


However, it is important to note that no trading strategy is foolproof, and there are risks involved in trend-following as well. For example, trends can reverse unexpectedly, leading to losses for traders who are caught on the wrong side of the trade. Additionally, trend-following strategies can result in missed opportunities in volatile markets, where trends can change quickly.

Super Trend EA
Super Trend EA

Super Trend EA Features

  • Doesn’t use Grid.
  • Doesn’t use Martingale.
  • Works with high spread.
  • This EA only works once per bar opening.
  • Fast strategy testing and optimization techniques are valid.
  • The following models can be tested and optimized by the user: (control point) / (open prices only).

Conclusion

Super Trend EA could be a beneficial trading robot for traders of all levels of experience. The developer of this robot has also shared some backtests for you to get an idea of how the Super Trend EA has performed over recent years through different market conditions.

However, it is important to note that past performance does not guarantee good future results. Therefore, I would only test the Super Trend EA on a demo account before making use of it on my real account if I happen to be satisfied with it.

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