Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. Expert Advisors
  3. MT4 / MT5 EAs
  4. MetaMaster EA: Trend-Following Forex EA Using Three Indicators

MetaMaster EA: Trend-Following Forex EA Using Three Indicators

Discussion started on MT4 / MT5 EAs

Print
Pages: [1]   Go Down

taseeer

  • Newbie
  • Posts: 20
  • Points: 1557
  • Likes Received: 16
  • Reputation: +0/-0
The MetaMaster Forex Expert Advisor (EA) is a trend-following strategy that uses three indicators to find trading opportunities:

ATR MA Oscillator: This indicator measures the difference between the current price and a moving average of the ATR (Average True Range). It can be used to identify overbought and oversold conditions.
SuperTrend v2: This indicator is a trend-following indicator that uses a moving average and an ATR to identify the direction of the trend.
Accelerator Oscillator: This indicator measures the difference between two moving averages of the price. It can be used to identify overbought and oversold conditions, as well as momentum.

The EA opens a long position when the following conditions are met:

The ATR MA Oscillator is positive.
The SuperTrend v2 indicator is in an uptrend.
The Accelerator Oscillator is positive.

The EA opens a short position when the following conditions are met:

The ATR MA Oscillator is negative.
The SuperTrend v2 indicator is in a downtrend.
The Accelerator Oscillator is negative.

The EA closes a position when the following conditions are met:

The price moves in the opposite direction of the trade by a certain amount (the take profit level).
The price moves in the opposite direction of the trade by a certain amount (the stop loss level).
The EA detects a trend reversal.

The EA uses a trailing stop to move the stop loss level in the direction of the trade as the market moves in the trader?s favor. This helps to protect the trader?s profits.
Here is a more detailed explanation of how the EA works:

The EA calculates the values of the three indicators at the beginning of each bar.
The EA then checks to see if all three indicators agree that the market is going to move in a certain direction.
If all three indicators agree, the EA opens a position in that direction.
The EA then monitors the market and closes the position when one of the following conditions is met:


The price moves in the opposite direction of the trade by a certain amount (the take profit level).
The price moves in the opposite direction of the trade by a certain amount (the stop loss level).
The EA detects a trend reversal.


The EA then moves to the next bar and repeats steps 1-4.

The MetaMaster Forex EA is a complex strategy that uses a variety of factors to make trading decisions. It is important to understand how the EA works before using it in a live trading account.



Linkback: https://www.forex.zone/mt4-mt5-eas/7/metamaster-ea-trend-following-forex-ea-using-three-indicators/4418/
#1 - November 04, 2023, 01:51:48 PM
Attachments:
« Last Edit: November 04, 2024, 01:38:41 PM by taseeer »

MrPips

Global Moderator
  • Newbie
  • Posts: 40
  • Points: 2379
  • Likes Received: 16
  • Reputation: +3/-0
Could you please attach the ATR MA Oscillator, SuperTrend v2, and Accelerator Oscillator which this EA uses? Maybe include them in the zip folder in your opening post.
#2 - November 04, 2023, 04:16:27 PM

taseeer

  • Newbie
  • Posts: 20
  • Points: 1557
  • Likes Received: 16
  • Reputation: +0/-0
update the file
#3 - April 14, 2024, 10:57:10 AM
« Last Edit: April 14, 2024, 12:56:54 PM by Admin »

taseeer

  • Newbie
  • Posts: 20
  • Points: 1557
  • Likes Received: 16
  • Reputation: +0/-0
Introducing MetaMaster_v1 - A Smart & Adaptive MT4 Expert Advisor!

MetaMaster_v1 is an advanced trend-following and momentum-based Expert Advisor designed specifically for EUR/USD on the M5 timeframe. With its intelligent risk management and indicator-driven strategy, it adapts to market conditions for optimal performance.

Currency Pair: EUR/USD
Timeframe: M5
Lot Size: 0.10
Platform Compatibility: Only MT4

Key Features & Strategy​
✅ Multi-Indicator Strategy : Uses ATR MA Oscillator, SuperTrend v2, Accelerator Oscillator, and Top Bottom Price for precise entries and exits.
✅ Smart Position Management : Adds to winning trades and reduces exposure on losing ones for better capital control.
✅ Break Even & Trailing Stop : Secures profits and reduces risk as trades progress.
✅ Martingale Option : Can be enabled for recovery-based trading.
✅ Risk Management : Ensures capital protection with strict stop loss and equity protection settings.
✅ FIFO Compliant : Works with NFA-regulated brokers.

Minimum Deposit Requirements​
Safe Mode: $1500 ($150 for micro / $15 for cent accounts)
Normal Mode: $1000 ($100 for micro / $10 for cent accounts)
Aggressive Mode: $500 ($50 for micro / $5 for cent accounts)

Why Choose MetaMaster_v1:
Designed for consistent and stable trading.
Adaptable risk settings for different trading styles.
Optimized for high-precision scalping and intraday trading.

Download & Test Now!
Got questions? Let's discuss below!
#4 - February 14, 2025, 11:09:02 AM
Attachments:
« Last Edit: February 14, 2025, 01:51:54 PM by Admin »
Print
Pages: [1]   Go Up
  1. Forex Zone - Forex Forum
  2. Expert Advisors
  3. MT4 / MT5 EAs
  4. MetaMaster EA: Trend-Following Forex EA Using Three Indicators

Members:

0 Members and 2 Guests are viewing this topic.


MetaMaster EA: Trend-Following Forex EA Using Three Indicators in MT4 / MT5 EAs_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: