Introduction
So, you've stumbled upon the Super Trend Filter Indicator and all the glowing reviews on MQL5 have piqued your interest. Look, I'm not here to sprinkle fairy dust on your trading dreams. I've seen plenty of indicators come and go, with promises as empty as a politician's speech. But since you're serious about this, let's get down to brass tacks.
Installation and Setup
First things first: setting up this Super Trend Filter Indicator shouldn't require a PhD in rocket science. Here’s how you can do it:
- Download the Super Trend Filter Indicator from Forex Robot Easy.
- Open your MetaTrader 5 platform.
- Navigate to File > Open Data Folder > MQL5 > Indicators.
- Drag and drop the downloaded file into the Indicators folder.
- Restart MetaTrader 5.
- In the Navigator window, expand the Indicators section, find the Super Trend Filter Indicator, and drag it onto your chart.
- Customize the parameters according to your trading strategy.
Take a moment to look at the presets and tweak them according to what fits your trading style. You’re not going to get rich by just using the default settings. Test, adjust, and repeat.
Experience Using the Super Trend Filter Indicator
Let's get something straight: not every trade will turn into gold. RK99 may call it the best thing since sliced bread, but even the best indicators have bad days. I gave it a whirl, and found it to be reasonably effective on larger time frames. Faithdefender had a point about the smaller time frames; it's not a scalp-happy tool. If you're aiming for precision scalping, look elsewhere.
For trend-following trades and swing trades, though? It held up quite well. I noticed it smoothed out a lot of the noise, preventing me from jumping into trades during false breakouts. Just don't expect it to perform miracles on 1-minute charts—because it won't.
Tips for Improvement
Even the best systems have room for improvement—an inconvenient truth that some users seem to overlook. Here are some tips that might enhance your experience with the Super Trend Filter Indicator:
- Custom Alerts: Implement custom alerts for specific price movements. This can help in reducing screen time.
- Combine with Other Indicators: Use it alongside other indicators like RSI or MACD for validation. Trust me, redundancy is not a bad thing.
- Adjust Time Frames: Stick to higher time frames if you're struggling with noise and false signals.
- Backtesting: Perform rigorous backtesting before going live. There’s no replacement for data.
Source Code of Super Trend Filter Indicator
Ah, the elusive source code. We don't have the original source code for the Super Trend Filter Indicator sold on MQL5. However, if you are the DIY kind, you can certainly try to create a similar tool based on the description and functionality provided on MQL5. It won't be a carbon copy, but it can be close enough.
If you have questions about coding, feel free to drop them. This is an example code from easytradingforum.com, relying on the description of the algorithm sold on MQL5. Remember, we at EASY Trading Team do not sell the Super Trend Filter Indicator; we simply created a code based on publicly available descriptions.
Code:
You don't have permission to view the code content. Log in or register now.Download the Super Trend Filter Indicator for Maximum Trading Success
If you're ready to take your trading game to the next level, then it's time to download the Super Trend Filter Indicator. Visit Forex Robot Easy and get started. Remember, no indicator is a magic wand. Use it wisely, and maybe, just maybe, you'll come out on top.
Have questions or need further clarifications? Drop them in the comments. We’re here to help—just don't expect us to hold your hand through every trade. Happy trading!