Market Compass EA
- Experts
- David A Abercrombie
- Version: 1.0
- Activations: 5
📍 Market Compass EA (MT5)
Market Compass EA is a fully automated MetaTrader 5 Expert Advisor designed to identify high-probability directional trades by combining daily market structure analysis with precise intraday execution.
It acts as a “compass” for the market—first determining the dominant trend, then executing trades only in alignment with that direction.
🔍 How Market Compass EA Works
1️⃣ Daily Trend Detection (Higher-Timeframe Bias)
Market Compass EA analyzes the Daily timeframe to determine overall market direction using:
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Higher highs & higher lows (bullish structure)
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Lower highs & lower lows (bearish structure)
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Structural validation via historical pivot zones
The EA classifies the market as:
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Bullish
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Bearish
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No Trend Detected
This direction is clearly displayed on the chart using color-coded labels.
2️⃣ Precision Entry Logic (H1 Execution)
Once a valid trend is confirmed, the EA scans the H1 timeframe for price-action-based reversal patterns that align with the daily bias.
Trade entries are based on:
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Pivot-based candle formations
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Break-and-confirm price behavior
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Risk–reward validation (minimum favorable R:R before entry)
Trades are only placed in the direction of the dominant daily trend.
3️⃣ Smart Risk & Money Management
Market Compass EA includes built-in dynamic position sizing based on account balance and selected risk mode:
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Conservative – Small exposure
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Normal – Balanced risk (default)
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Aggressive – Higher exposure
Additional safeguards:
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Automatic lot normalization to broker limits
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Free margin and used margin checks
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One trade per symbol at a time
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Hourly execution control to prevent overtrading
4️⃣ Trade Protection & Notifications
Each trade is placed with:
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Automatically calculated Stop Loss
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Dynamic Take Profit based on recent market structure
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Push notifications for all new trade setups
⚙️ Inputs & Settings
| Input | Description |
|---|---|
| Risk Mode | Conservative / Normal / Aggressive |
| Symbol | Any MT5-supported instrument |
| Timeframes | Daily (trend), H1 (execution) |
📊 Recommended Usage
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Timeframe: H1
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Best for: Forex, Indices, Metals
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Works on both 4-digit and 5-digit brokers
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VPS recommended for optimal execution
🛡️ Important Notes
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Market Compass EA does not use martingale, grid, or hedging
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No trade is placed unless trend direction, price action, margin rules, and risk–reward conditions are all satisfied
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Past performance does not guarantee future results
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Always test on a demo account before using live funds
📌 Summary
Market Compass EA is built for traders who value:
✔ Trend confirmation before entry
✔ Clean price-action logic
✔ Structured risk management
✔ Discipline over overtrading
If you’re looking for an EA that trades with the market—not against it, Market Compass EA provides a clear and systematic approach to automated trading.
