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Modify Supertrend strategy in mt4
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Created: by indiantrader Attachments:4

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Modify Supertrend strategy in mt4

  #1 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Intermediate
Platform: MT4, NT7,eSignal
Broker/Data: AMP/CQG
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Posts: 105 since Jul 2010
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Modify Supertrend strategy in mt4

I have a free supertrend EA for mt4 with 2 TP levels, trailing stop and indicator adjustment levels.

Problems with this EA are

1. It opens orders when price crosses supertrend line, however it does not wait for the bar to close outside supertrend line.

2. The trailing stop moves along supertrend line and is hit frequently when price momentarily crosses the supertrend line. TS should be offset with supertrend line and new order should be opened only when bar closes outside supertrend line.

3. additional filter such as MACD BB would be helpful to filter out bad signals.

Attaching the indicator and EA.

The strategy is similar to some popular commercial systems for NT.

Would like to know if somebody can modify it as per the requirements.


Here are some pics of the strategy.

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Attached Files
Register to download File Type: ex4 SuperTrend+EA+v0.7.ex4 (14.7 KB, 157 views)
Register to download File Type: mq4 SuperTrend.mq4 (4.2 KB, 145 views)
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  #2 (permalink)
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  #3 (permalink)
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Can you send mq4 file ?

regards

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  #4 (permalink)
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derumuro View Post
Can you send mq4 file ?

regards

Attachments were in post #1.

Mike

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  #5 (permalink)
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Big Mike View Post
Attachments were in post #1.

Mike


Hi Mike,

EA is ex4 file not mq4

derumuro

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  #6 (permalink)
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derumuro View Post
Hi Mike,

EA is ex4 file not mq4

derumuro

Yes, EX4 and MQ4 -- both in post #1.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #7 (permalink)
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melbourne ,australia
 
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Posts: 3 since Sep 2010
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your request to have :Modify Supertrend strategy in mt4

Hi IndianTrader
Just come across your request to have your indicator modified

Did anybody come to your aid ?

Hope so, ,as I would like very much to have a copy of his ,
Would you share it ?

regards , Manfred

""""Modify Supertrend strategy in mt4
I have a free supertrend EA for mt4 with 2 TP levels, trailing stop and indicator adjustment levels.

Problems with this EA are

1. It opens orders when price crosses supertrend line, however it does not wait for the bar to close outside supertrend line.

2. The trailing stop moves along supertrend line and is hit frequently when price momentarily crosses the supertrend line. TS should be offset with supertrend line and new order should be opened only when bar closes outside supertrend line.

3. additional filter such as MACD BB would be helpful to filter out bad signals.

Attaching the indicator and EA.

The strategy is similar to some popular commercial systems for NT.

Reply With Quote
 
  #8 (permalink)
Elite Member
Mumbai, India
 
Futures Experience: Intermediate
Platform: MT4, NT7,eSignal
Broker/Data: AMP/CQG
Favorite Futures: ZB,ZN,ES,currencies
 
indiantrader's Avatar
 
Posts: 105 since Jul 2010
Thanks: 314 given, 134 received


Manfred View Post
Hi IndianTrader
Just come across your request to have your indicator modified

Did anybody come to your aid ?

Hope so, ,as I would like very much to have a copy of his ,
Would you share it ?

regards , Manfred

.


Hi

The EA is still the same...problem is with repainting indicator.

Attached Files
Register to download File Type: mq4 SuperTrend_EA_v0_7.mq4 (12.6 KB, 94 views)
Register to download File Type: mq4 SuperTrend.mq4 (4.2 KB, 74 views)
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