Specification

1. Trading Logic

  • Supertrend Indicator:
    • Inputs: ATR Period, ATR Multiplier, Timeframe.
    • Signal is generated when the Supertrend line flips direction.
  • Buy Condition:
    • When price closes above the Supertrend line and the Supertrend flips from bearish (above price) to bullish (below price).
    • EA opens a Buy order.
  • Sell Condition:
    • When price closes below the Supertrend line and the Supertrend flips from bullish (below price) to bearish (above price).
    • EA opens a Sell order.


2. Position Management

  • One Trade per Signal:
    • No stacking of trades in the same direction.
    • EA must wait until an opposite signal (or manual close) before opening a new trade.
  • Exit Conditions:
    • Default: Close trade when the opposite Supertrend signal appears.
    • Option: Keep trade open but reverse position (close current and open opposite).
  • Stop Loss / Take Profit Options:
    • Use Supertrend line as stop-loss (default).
    • OR fixed SL/TP in points (configurable).
    • OR trailing stop (optional, based on indicator or points).


3. Filters (Inputs)

  • Timeframe Filter – option to choose a higher timeframe Supertrend for confirmation.
  • Trade Direction Filter – allow only longs, only shorts, or both.
  • Spread Filter – don’t trade if spread > X points.
  • Trading Hours – allow trading only between set times (e.g., London/NY sessions).


4. Risk Management

  • Lot Size Options:
    • Fixed Lot (user-defined).
    • Risk % per trade (lot calculated from SL distance and account balance).
  • Max Open Trades: integer limit (default = 1).
  • Max Daily Loss %: stop trading if exceeded.


5. Inputs Summary

  • Indicator Settings
    • ATR Period
    • ATR Multiplier
    • Applied Timeframe
  • Trade Settings
    • LotSize (fixed) or Risk %
    • StopLoss mode (Supertrend line / fixed points / none)
    • TakeProfit mode (fixed points / none)
    • TrailingStop (on/off, method: points or Supertrend)
    • BreakEven (optional)
  • Filters
    • Trade Direction (Buy/Sell/Both)
    • Time Filter (start hour – end hour)
    • Spread Filter (max points)
    • Magic Number / Comment


6. Error Handling

  • Ensure SL/TP respect broker’s StopLevel and minimum distances.
  • Check for trade duplication (avoid sending multiple orders on one signal).
  • Log clear messages for entries, exits, and errors

Files:

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40+ USD