MTF Confluence Trend initiates trades when the local Supertrend indicator aligns with a higher timeframe trend, further filtered by ADX strength and optional volume conditions. The robot includes risk management features such as fixed fractional lot sizing based on account balance, ATR-derived stop losses, and a configurable cap on total notional exposure. Positions can be closed by ATR-based targets or when the higher timeframe trend reverses direction.
Multi-timeframe Supertrend signal confirmation
ADX trend strength and tick volume filters
Fixed fractional risk management with exposure capping
Read from MTF_Confluence_EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
AtrLen
int
10
AtrMult
double
2.0
HTF
ENUM_TIMEFRAMES
PERIOD_H4
UseAdx
bool
true
AdxLen
int
14
AdxMin
double
22.0
UseVol
bool
false
fx and metals feeds report tick volume
VolLen
int
20
RiskPct
double
1.0
percent of balance risked per trade
SlMult
double
2.0
stop = ATR * this
TpMult
double
0.0
target = ATR * this, 0 = off, let the htf flip close it
MaxExpoPct
double
90
cap on notional size as % of equity
Show all 16 inputs
Name
Type
Default
Description
UseSession
bool
false
SessStart
int
8
hour, broker time
SessEnd
int
20
Magic
long
590101
How to Install It
1Download the sourceUse "Download source (.zip)" above, or clone aretephi/MTF-Confluence-Trend from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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