Price Action Trend Matrix
- Experts
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Ratchatapong Kamonchaet
This system was created with a clear purpose: to bring stability to your financial life. We believe in building a system that allows everyone to enjoy a more comfortable lifestyle, backed by reliable consistency and security. Let this EA work for you and transform your trading into a sustainable - Version: 1.0
Overview
Price Action Trend Matrix is a robust, algorithmic trend-following expert advisor designed for universal application across various currency pairs and financial instruments. Engineered with a core focus on entry precision, the system aims to achieve high profitability while maintaining exceptionally low drawdowns. It achieves this by combining quantitative filters—including Supertrend boundary detection, ATR volatility filtering, and ADX trend strength filtering—anchored by strict price action bar confirmation. While flexible enough for diverse market environments, the EA is showcased with robust performance benchmarks on EURUSD, operating strictly on new candle formations to eliminate emotional bias and deliver steady, risk-controlled results.
Key Highlights (Advantages)
- Dual Execution Modes with Smart Pending Support: Offers both immediate Market Orders and flexible Pending Limit Orders. The pending mode places limit entries at a defined offset from the current price, featuring an automated cancellation mechanism to clear stale orders if not filled within the specified timeframe.
- Strict Price Action Bar Confirmation: Employs precise close-price bar validation to filter out market noise and confirm immediate price action momentum prior to execution.
- Comprehensive Direction & Position Control: Allows traders to filter operational directions (Both, Buy Only, or Sell Only) while strictly managing exposure through customizable maximum position limits.
- Flexible Risk & Money Management: Supports versatile Stop Loss and Take Profit configurations, allowing users to choose between classic Fixed Points or advanced Risk Reward Ratio calculations ( TP = SL * RR ).
- Multi-Layer Trend & Volatility Filtering: Integrates Supertrend boundary detection alongside ATR volatility filters and ADX trend-strength criteria to ensure the system trades strictly during optimal market conditions.
Input Parameters Guide
1. Execution Mode
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Entry Order Type: Selects the order execution type. Market Order opens positions instantly upon a signal, while Pending Limit Order places a limit order at a specific offset distance to catch retracements.
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Pending Limit Offset: The offset distance in points from the current market price used when the Limit Order execution mode is active.
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Cancel Pending Order after N Bars: Automatically cancels the pending limit order if it is not filled within the specified number of bars.
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Magic Number: A unique identifier tag assigned to all orders placed by this EA to separate them from manual trades or other algorithms.
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Comment: Custom text comment attached to every order sent into the market.
2. Risk & Money Management
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Fixed Lot Size: Defines the fixed trade volume (lot size) allocated for each executed order.
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Max Open Positions Allowed: The maximum number of simultaneous open positions and pending orders allowed to run concurrently for this symbol.
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Trade Direction: Restricts the trading direction to Buy-only, Sell-only, or both directions.
3. Stop Loss & Take Profit Settings
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Mode: Chooses between classic Fixed Points or Risk Reward Ratio calculations.
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Fixed Stop Loss in Points: The stop loss distance in points measured from the entry price.
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Fixed Take Profit in Points: The take profit distance in points, active exclusively when the Fixed Mode is selected.
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Risk Reward Ratio: The reward-to-risk multiplier used to calculate the take profit target based on the stop loss size when operating in Risk Ratio mode.
4. Price Action Settings
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Enable Price Action Bar Confirmation: When enabled, requires price action confirmation from previous closed candles to validate and filter entry signals.
5. Supertrend Settings
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Supertrend ATR Period: The ATR period used internally by the Supertrend calculation to determine market volatility bands.
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Supertrend Multiplier: The multiplier value applied to the ATR to set the distance of the Supertrend boundary.
6. Volatility ATR Filter
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Enable ATR Volatility Filter: Toggles the volatility filter that blocks trades when market conditions drop below the minimum threshold.
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ATR Filter Period: The period parameter for the volatility ATR filter indicator.
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Min ATR Value in Points to Trade: The minimum required volatility threshold in points; trades will be restricted if market volatility is lower than this value.
7. ADX Global Filter
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Enable ADX Filter: Toggles the Average Directional Index filter to ensure trades are only taken during strong trending markets.
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ADX Period: The calculation period for the ADX indicator.
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Min ADX for Strong Trend: The minimum ADX threshold value required to confirm a strong trend condition before executing a trade.
Support & Contact
If you have any questions or require assistance, please feel free to contact us via MQL5 message or email: ratchata.sys@gmail.com
