SmartTraderEA

SmartTraderEA is a multi-functional trading robot (Expert Advisor) for the MetaTrader 5 platform. It helps automate trading in the Forex market by combining several popular indicators and strategies. The main idea is to provide traders with a flexible tool that can be adjusted to fit their trading style and risk tolerance.

How does it work?
The Expert Advisor uses five classic indicators:

• RSI (Relative Strength Index)

• ADX (Average Directional Index)

• Moving Average

• Bollinger Bands

• Parabolic SAR

Each indicator operates as a separate "module." You can turn any module on or off, configure its timeframe and parameters, and set its own stop-loss and take-profit levels (based on ATR volatility), the maximum number of positions, and the signal sensitivity threshold.

Two Operating Modes:

• Independent Modules — Each module makes decisions independently. If an indicator generates a signal, the EA opens a position on behalf of that module (using its individual settings). Modules do not interfere with each other and can trade simultaneously in different directions (if not globally restricted).

• Unified Weighted Signal — Signals from all active modules are combined based on their assigned weights (you determine the importance of each indicator). This results in a single, overall value. If this value exceeds a specified threshold, one position is opened (or multiple, if pyramiding is allowed). This allows for combining the opinions of several indicators.

Key Advantages

1. Flexibility and Customization

   • You decide which indicators to use and with what parameters.

   • You can set individual risk settings for each module (SL/TP multipliers based on ATR).

   • Signal thresholds are adjustable to filter out weak signals.

2. Capital and Risk Management

   • Risk per trade is set as a percentage of the balance — the EA automatically calculates the lot size so that the potential loss does not exceed this percentage.

   • Includes margin protection: before opening a trade, it checks if there is enough free margin.

   • The maximum lot size can be limited as a percentage of the balance.

   • Global limits on the total number of open positions and individual limits for each module.

   • Important: The EA does not use martingale, averaging, grid strategies, or other dangerous capital management methods. Every trade has a fixed stop-loss, and risk is strictly controlled. This makes trading more predictable and safer.

3. Additional Filters and Protection

   • Time Filter — allows trading only during specific hours.

   • Spread Control — does not open a trade if the spread is too wide.

   • Flat Market Protection — checks the ADX to avoid entering a sideways market.

   • Volatility Filter — compares current volatility to its average value to avoid anomalous or overly quiet periods.

4. Dynamic Position Management

   • Trailing Stop — automatically moves the stop-loss as the price moves favorably. Options include a fixed step, trailing based on Parabolic SAR, or based on a moving average.

   • Partial Close — if the price reaches a certain portion of the take-profit level, a part of the position can be closed to lock in profits, leaving the rest open.

   • Pyramiding — allows adding to an existing position in the same direction (up to a specified number of levels). This is not loss averaging, but rather increasing a profitable position with controlled risk.

   • Time-Based Exit — if a position is held longer than a specified number of bars, it is forcibly closed.

5. Reliability and Stability

   • All prices and levels are correctly rounded according to trading requirements (tick size, minimum distance).

   • Sufficient margin is checked before opening a trade.

   • Potential errors in retrieving indicator data are handled.

   • Built-in additional metrics for testing (Sortino ratio, VaR, maximum drawdown duration, maximum consecutive losses) allow for a more objective assessment of strategy quality during optimization.

6. Visualization

   • Entry arrows are displayed on the chart (green for buy, red for sell).

   • Stop-loss and take-profit lines are drawn for open positions (if enabled).

Who is this Expert Advisor for?
SmartTraderEA is suitable both for beginner traders who want to automate simple strategies and for experienced traders looking to create complex multi-currency systems and test various combinations of indicators. Thanks to its extensive customization options, you can adapt it to any market conditions and trading style — from scalping to medium-term trend following.

In simple terms: it is a universal constructor that handles the routine work of market analysis and trade management, leaving you with the main task — making strategic decisions through its settings. At the same time, the EA avoids dangerous methods like martingale or grids, focusing on reasonable risk and classic capital management principles.