MQL4 Supertrend EA

Supertrend-based EA for MQL4 MetaTrader 4.

Language: MQL4 · Category: Supertrend · Tags: supertrend, MQL4, EA, trend following, MetaTrader 4

Source code

input int ATRP=10; input double Factor=3.0; input double Lots=0.1;
void OnTick() {
   double atr=iATR(Symbol(),0,ATRP,0);
   double hl2=(High[0]+Low[0])/2;
   static double pUp=0,pDn=999999; static int pDir=1;
   double up=hl2-Factor*atr, dn=hl2+Factor*atr;
   if(up>pUp||Close[1]<pUp) pUp=up; else up=pUp;
   if(dn<pDn||Close[1]>pDn) pDn=dn; else dn=pDn;
   int dir=Close[0]>pDn?1:Close[0]<pUp?-1:pDir;
   if(dir==1&&pDir!=1) OrderSend(Symbol(),OP_BUY,Lots,Ask,3,up,0,"ST");
   if(dir==-1&&pDir!=-1) OrderSend(Symbol(),OP_SELL,Lots,Bid,3,dn,0,"ST");
   pDir=dir;
}

How to use this snippet

This is a building block, not a finished trading system. Paste it into your own MQL4 project, compile it, and test it on a demo account with your broker's real spreads before relying on it. If MetaEditor reports errors, the compilation error fixer can help.

MQL4 Supertrend EA

Source code

How to use this snippet

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