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An MT5 expert advisor that opens and closes trades from Supertrend direction changes. It includes stop-loss, take-profit and trailing options, spread, session and news filters, optional grid and martingale position handling, a dashboard and alerts.
Get one message the moment it launches, with its price.
Supertrend Strategy EA is an expert advisor for MetaTrader 5 that automates trading around the Supertrend indicator. It reads the indicator's direction on the chart it is attached to, opens trades when the direction changes, and manages them with the risk and filter options listed below.
The Supertrend indicator plots a line above or below price, based on average true range. When price closes on the other side of that line, the indicator flips from bullish to bearish or the other way round. The EA treats that flip as its trading signal: a change to bullish can open a buy, and a change to bearish can open a sell. Opposite signals can also be used to close or reverse a position, depending on your inputs.
Besides single-position trading, the EA offers optional grid and martingale handling. These modes add positions as price moves and can raise exposure sharply, so they should be switched on only after careful testing and with conservative sizing.
An on-chart dashboard shows open trades and account figures. Alerts can be sent as pop-ups, email or push notifications to your phone.
The EA is mainly used on forex pairs, and you can attach it to other symbols your broker offers, provided the contract specifications suit the lot and stop settings. It works on the timeframe of the chart it is attached to. Lower timeframes produce more signals and more sensitivity to spread, while higher ones produce fewer, slower signals. Test the combination you plan to use.
Exact input names and defaults can differ, so open the inputs tab after attaching the EA and read each one before trading. The groups below are the ones to check first.
| Group | What to check |
|---|---|
| Supertrend parameters | Period and multiplier, which control how quickly the line reacts |
| Lot size and risk | Fixed lot or risk-based sizing, suited to your balance |
| Stop-loss, take-profit, trailing | Distances in points, adjusted for the symbol's volatility |
| Grid and martingale | Step size, multiplier and maximum number of positions |
| Filters | Maximum spread, trading hours and news options |
| Magic number and alerts | Unique ID per chart, and which notifications are enabled |
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests, do not predict future ones. Grid and martingale methods can magnify losses. Test on a demo account and only trade with money you can afford to lose.
Before going live, run the Strategy Tester with your broker's data and then trade a demo account for a while to see how spreads, execution and filters affect the results.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals, Grid, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, automated trading |
| Core logic | Supertrend indicator signals |
| Markets | Forex symbols; other instruments depend on your broker |
| Timeframes | Selectable; the EA runs on the chart timeframe you attach it to |
| Trade style | Trend following, with optional grid and martingale |
| Risk tools | Stop-loss, take-profit, trailing stop, entry filters |
| Requirements | MT5 terminal, algo trading enabled, VPS recommended for continuous running |
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No. This product is built for MetaTrader 5 and will not run on MT4. If you use MT4, look for the MT4 edition of the same strategy instead.
Copy the downloaded files into the MQL5 folder of your terminal using File > Open Data Folder, putting the expert file in Experts. Restart MT5 or refresh the Navigator, drag the EA onto a chart and make sure Algo Trading is switched on.
It is designed to run on standard MT5 brokers, but symbol names, spreads, execution and hedging or netting account modes differ between brokers. Test on a demo account with your own broker before using real funds.
Both are optional, and both can increase exposure quickly when the market moves against open positions. If you enable them, keep position sizes small, check the maximum number of positions and test carefully on a demo account first.
There is no single setting that suits every symbol or timeframe. Start with the default inputs, run the Strategy Tester on your own broker's data, and adjust the Supertrend period, multiplier and risk inputs one at a time.
Yes, the EA can only act while the terminal is open, connected and allowed to trade. Many users run it on a VPS so that it is not interrupted by computer shutdowns or connection drops.
Supertrend Strategy EA MT5
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