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Rules
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Specification
Super Trend to give buy / sell signals (As per normal Super Trend indicator or EA)
Filter rules: Moving Average
1. For a buy trade, signal candle must close above the moving average if the candle is below the moving average No trade
2. For a sell trade, signal candle must close below the moving average if the candle is above the moving average No trade
If candle close value = Moving Average value : NO TRADE
Filter rules: MACD
1. For a buy trade, the MACD line must be greater than ZERO (ONLY USE MACD LINE, NOT THE SIGNAL LINE)
MACD valid BUY MACD no BUY
Valid BUY - MACD line value > 0 No BUY, MACD line value < 0
2. For a sell trade, the MACD line must be less than ZERO (ONLY USE MACD LINE, NOT THE SIGNAL LINE)
MACD valid sell MACD invalid sell
Valid entry – MACD line < 0 No trade – MACD line > 0
If MACD line value = ZERO : NO TRADE
If both Moving Average and MACD filters are selected, rules for Moving Average and MACD must be met before taking a trade.
· Close trades on opposite signal:
If “True” then:
If take profit or stoploss is not triggered but the Super Trend gives an opposite signal, trade should be closed.
Close on signal, whether entry rules for next trade are met or not
If “False: leave trade open till take profit or stoploss is triggered
· Number of trades per day:
If “0” then each valid entry should be taken on that pair.
If eg. “2” then only 2 valid entries can be taken on that pair from 00:00 to 23:59.
If a trade is opened and only closes during the next day, it will not form part of the number of trades for that specific day it closed
· Session settings:
If “Trade all sessions” is TRUE, EA must run 24/7
If “Trade all sessions” is False, EA must only run during those specified periods. Eg:
Specific time #1: 01:00 – 05:00
Specific time #2: 08:00 – 14:00
Specific time #3: 18:00 – 22:00
Specific time #4: 18:00 – 22:00
No trades during the periods not specified.
Only trade on days that are “True”
Indicators :
1. PZ Super Trend (By Arturo Lopez Perez)
2. Moving Average (MT5 Built-in indicator)
3. Traditional MACD MT5 (MT5 Built-in indicator)
Required dashboard:
Variable
Value
Super Trend Settings
ATR Period
10
ATR Multiplier
3
Entry Filters
Moving Average
True / False
Period
200
MA method
Simple / Exponential / Smoothed / Linear Weighted
MACD
True / False
Fast EMA
12
Slow EMA
26
MACD SMA
9
Position Management
Manual Lot Size
0.01
Break Even in pips (Zero=not used)
0
Trailing stoploss
(Zero=not used)
0
Stoploss in pips
(Zero=not used)
0
Take Profit in pips
(Zero=not used)
100
Close trades on opposite signal
True / False
Number of trades per day
(Zero=not used)
0
Session Settings
Trade all sessions
True / False
Specific Time #1 (All sessions must be “False”)
00:00 – 23:59
Specific Time #2 (All sessions must be “False”)
00:00 – 23:59
Specific Time #3 (All sessions must be “False”)
00:00 – 23:59
Specific Time #4 (All sessions must be “False”)
00:00 – 23:59
Trade Monday
True / False
Trade Tuesday
True / False
Trade Wednesday
True / False
Trade Thursday
True / False
Trade Friday
True / False
EA Settings
Custom Comment
ST + Filter EA
Magic number for trades
10001