The Harbinger SuperTrend

The Harbinger SuperTrend Lite 

The Harbinger SuperTrend Lite is an advanced automated trading Expert Advisor built around a non-repainting SuperTrend execution engine combined with an RSI-based market regime filter, filtering from any timeframe of choice

This EA trades purely in the direction of the prevailing trend using both RSI and other internal filters to trade bullish and bearish conditions. Position sizing is calculated automatically based on your inputted percentage per trade, ensuring consistent risk management across All Symbols and account sizes.

This Lite version focuses on clean, reliable and mature trade execution. It takes a single trade in one direction, this EA doesn't use Grid or use Martingale style trading, instead The Harbinger uses extensive trailing mechanism by using risk-reward trailing logic allowing trades to holding on to profits, it uses weekday control for users to select days of the week they want to trade or do not want to trade, strict one-direction trade handling to avoid over exposure. No martingale, grid or averaging techniques are used

The EA is fully compatible with strategy tester and is suitable for mature traders who prefer simple, rule-based trend execution with controlled risk and strict rule based stops.

Important notice: After App purchase kindly send me a message via MQL5 messaging for the installation manual/User guide for all you need to use this trading bot from scratch.

FEATURES AND PARAMETERS EXPLANATION [LITE VERSION]

Main features are:

• Non-Repainting SuperTrend execution 
• RSI-based market regime direction filter
• One-direction trade control
• Risk based Automatic lotsizing
• Single trade per signal with RR based trailing
• Weekday trading filter
• Strategy tester compatibilty
• No martingale, no grid, no averaging

Configurations

• Rule based SuperTrend Engine for trend strength and sensitivity
• Repainting Protection with a flexible adjustment based on users choice and appetite for false signals
• Rule based Filters to ignore any signals that are counter trend and illogical
• Filter Levels to define bullish or bearish regime from any time timeframe of choice most preferably from a higher timeframe
• Risk Management dynamic lot sizing to determine percentage of account balance to risk per single trade, compatible for all assets and symbol
• Built in trailing logic to protect open profits
• Single trade, single profit taking, No trade stacking, no averaging down, no desperate trader trading logics 
• Trade control to restrict trades execution for any day of the week of user's choice.
• Compatible with all Symbols and assets, All account types, strategy tester, works on Hedging and netting accounts

UPGRADE PATH:- PAKCKAGES INCLUDED [ELITE VERSION]

NOTE: These features listed below are only in the elite version and aren't in this current EA you are purchasing

1. Everything in Lite version
2. Advanced Trade Management

• Dual trade opening with risks split between them for better handling
• ATR volatility based trailing stops options
• Breakeven Logic for both single and dual positions opening 

     3. Trade Pyramiding: This is adding another single position to an open position in profit to maximize returns

• Add-on trades has its own trading management, Breakeven logic, stop loss and take profit target

     4. Additional filtering system still maintaining the same frequency of trades

• Multiple modes of RSI filter, the one in lite version and a range based RSI filter 
• ADX indicator filter to only trade when the trend has strong momentum 
• Moving Average filter used to trade in direction that is in alignment with long term direction  

      5. NEWS filter: A complete Economic calendar filter that can:-

• Pause trading at any user preferred minutes before/after news 
• Close trades before news time 
• Filter by importance of the news [Low, Moderate, High]
• Removes SL/TP at preferred mins before news time so as not to get wicked out [use caution], then return back SL/TP after preferred mins
• Choose any symbol the news regulation should affect including current symbol by default

     6. Risk and Drawdown Control 

• Adaptive loss control to cut losing positions early before reaching the final drawdown level 
• Option to avoid First hour of both Newyork and London session opening due to high fake outs 
• An option to avoid trading at any user preferred hours immediately after market open due to slippages
• A Friday "close all" option to close all trades at a specific time on Friday before market closes for the weekend

     7. Session filter: This is to flexibly choose sessions the EA wont execute trades on e.g Newyork, London, Asian, Sydney. 

     8. Enhanced Alerts and notification

• Receive alerts via MetaTrader push notifications and platforms on trading activities
• An optional notification system that alerts whenever a RSI divergence is spotted indicating continuation or slowdown in current trend so users can act accordingly

     9. Other real life scenario that could cause any user inconvenience moderated

    10. An option to turn off the Supertrend engine so as to use the EA as a risk manager or a filter only tool 

All the above is available in the ELITE  version which may be offered separately. You can always contact the developer Harbinger in the MQL5 messaging for updates and clarifications 

Lite version works relatively similarly because of the SuperTrend engine and the filtering systems

PREFERED SYMBOLS

NOTE that Harbinger SuperTrend works and is designed for all symbols but these are the more preferable 

• GOLD
• GER40 [DE40]
• BTC
• SILVER
• ETH

PREFERED TIMEFRAMES

Note that Harbinger SuperTrend works and is designed for all Timeframes but these are the more preferable

• 5 MINS especially on GOLD
• 10 MINS on all above symbol 
• 15 MINS on all above symbols
• 1 HR on all above symbols 

STRATEGY PROOF SCREENSHOT

• First screenshot image is the Harbinger SuperTrend backtested from 3 years ago
• Second screenshot image is the result of the backtest
• Use default parameters to Compare with the screenshots below

Risk disclaimer: Trading involves substantial risks and past performance does not guarantee future results

Always save to Test on a demo account before live trading